As the crypto markets stabilize and set to go either way, Lunex Network’s DeFi protocol is already making headlines with the introduction of a fiat-to-crypto facility, opening the door to broader markets and attracting attention worldwide.
With this new offering, Lunex Network positions itself as a key player in bridging the gap between conventional and decentralized finance. Its seamless fiat integration could fuel a migration toward its ecosystem, as currently seen with COIN and KCS users.
Bearish sentiment engulfs Coinbase (COIN) stock
Coinbase (COIN) stock has experienced significant selling pressure, and the investors remained on the roll-out, continuously moving out of the stock. In the last month, COIN has dropped by 12% from $208 as the market sentiment turned bearish for the stock. Data also shows institutional holdings have decreased by 27%, reflecting fears over the tightening crypto regulations.
Based on recent analysis, COIN has an FGI of 39, with the stock trading beneath its 50-day, 100-day, and 200-day SMA. This explains why wonder investors are trooping out of their COIN investments. The regression of COIN can be attributed to the crypto industry’s failure to scale in Q3.
Investor interest wanes following KCS prediction
KuCoin Token (KCS) has seen a sharp decline in investor interest, with holders migrating out of the token at an alarming rate. Over the past month, KCS has dropped by 2.26%. Market sentiment has turned bullish, although recently 65% of KCS holders reportedly sold off their positions amid concerns over KuCoin’s liquidity.
The KCS weekly trading volume has risen by 12%, and technical indicators signal further upside skid. The Relative. As KCS begins to hold key support, analysts speculate of a potential drop toward the $7.3 level, after which it could go into freefall.
Lunex Network pioneers advanced liquidity features
The change that Lunex Network is introducing to DeFi is a state-of-the-art crypto exchange, which will enable fluent trading of more than 50,000 multi-chain currency pairs. With its hybrid model, Lunex Network integrates on-chain and off-chain elements into one entity that promises institutional-grade liquidity and slippage-free trading in crypto markets.
According to analysts, this move spurs mass adoption of DeFi by bridging the gap between traditional and digital currency. As a result, COIN stock and KCS token owners are migrating to Lunex Network. Among its key components is a non-custodial wallet supporting over 40 blockchains and an advanced portfolio tracker featuring real-time market data and performance analytics. This allows allowing users to store, swap, stake, and manage crypto securely.
Additionally, Lunex Network’s bridge enables smooth interoperability between blockchains, enhancing cross-chain functionality. With its user-friendly interface and cutting-edge security protocols, Lunex Network empowers traders and investors to navigate the fast-evolving crypto landscape with confidence.
Now, Lunex Network enters its first presale stage, with its tokens being sold for $0.0012 each. Analysts believe the LNEX token could rise up to 1,800% within the presale stages. Undoubtedly, most are drawn to the profit potential of a new project, but market experts recognize the project’s advanced liquidity features that could influence a large share of the crypto markets.
You can find more information about Lunex Network (LNEX) here:
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