BNB and Monero face bearish pressure as investors hhift to Lunex Network presale

BNB and Monero face downward pressure as investors turn to Lunex Network pre-sale, raising nearly $550,000 in less than a week.

Both BNB and Monero are facing strong downward pressure after their recent price declines. While BNB and XMR investors reap profits. They are now heading into a viral Lunex Network pre-sale that has already raised nearly $550,000 in less than a week of launch.

Short BNB holders may soon reap profits

Although BNB failed to trigger a bullish breakout at the end of September, the token still posted modest gains of 8.67% over the past 30 days. With the broader cryptocurrency market heading into a Q4 bull market, BNB is expected to see further upward momentum in the coming weeks.

Currently, BNB price is trading at $551.90 after an intraday increase of 2.72%. With BNB token volume down by 11.86% in the last 24 hours, it appears that investors are holding onto their BNB tokens for the time being. However, according to Coinglass data, BNB’s buy-to-sell ratio is currently 0.97 indicating bearish pressure. If BNB short holders start taking profits, the BNB price could see a significant downtrend in October.

Monero faces downward pressure after Kraken delists

Monero was recently delisted from the Kraken exchange in European countries due to new security regulations. As a result, the price of Monero immediately fell by more than 10%, pushing the price of the token below $150. As Monero’s on-chain metrics are also indicating bearish dominance, the price of Monero could face further turmoil in the coming weeks.

Monero is currently trading at $145.48 after a 10.88% decline over the week. Although Monero community sentiment remains bullish, analysts expect to see heavy selling soon as Monero flashes strong sell signals on the XMR/USDT daily chart. If profit taking follows, Monero could fall to the critical support level of $143.28 soon.

Lunex Network’s no-KYC DeFi platform attracts new pre-sale investors2

The Lunex network is the source of all the bullish hype in the market due to the new cross-chain DeFi exchange. With no KYC checks, Ethereum-backed security, and cross-chain trading, the Lunex network is all set to overthrow existing decentralized exchanges and usher in a new era of cross-chain interoperability.

While traditional DEXs require traders to connect third-party wallets like MetaMask and TrustWallet to exchange cryptocurrencies across different blockchains, Lunex Network solves the problem with its revolutionary DeFi exchange. On the Lunex network, traders can swap over 50,000 cryptocurrency pairs across blockchains with the click of a button. To make things even better, traders can exchange cryptocurrencies without providing any sensitive information since the Lunex network has a unique zero-know-your-customer policy.

Since the Lunex Network ecosystem is powered by the platform’s native LNEX token rather than third-party cryptocurrencies, Lunex Network also offers attractive staking rewards for long-term holders. By reinvesting a portion of its profits into LNEX buybacks on the open market, the Lunex network distributes rewards of up to 18% APY to existing holders. Since these investors can also add more tokens to their real estate portfolios without losing their initial APYs, the Lunex Network already has a large number of long token holders pushing the token price to new heights.

The Lunex Network’s viral pre-sale has already raised nearly $550,000 in record time, but analysts believe the token’s bull run has only just begun. Currently, LNEX tokens are selling for a low price of just $0.0013 each ahead of the long-awaited price hike next week. By the end of the pre-sale phases, Lunex Network is expected to deliver a whopping 1,800% ROI to early investors before another 100x spike after launch.

For more information, visit The official website of the Lunix network Or join Online community To get the latest updates.