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The Fed rate cut revives the crypto market, boosting Bitcoin, while investors eye Lunex Network’s potential 4500% gains.
The Fed rate cut, for the first time since March 2020, has brought life back to the crypto market’s dimming embers. Bitcoin, which hit a gut-wrenching $51k monthly low, has added a 20% gain, but Solana remains pale. Experts predict the dovish policy will supercharge the top crypto price.
However, BTC and SOL investors are setting their sights on the hot new crypto token of the up-and-coming Lunex Network AMM-powered DEX. Far better than Uniswap and Pancakeswap, Lunex Network’s scalable DEX aggregator’s vision to offer lightning-fast decentralized asset exchange has had analysts predict a 4500% gain for early investors.
Solana at a crossroads: Can Fed rate cut supercharge SOL?
Solana is facing its most critical test since the post-FTX days as it grapples with bearish signals and a key resistance level. While Bitcoin’s price blew to a new ATH, Solana toed the same bullish line but has now fallen to $156 after getting rejected from a previously broken ascending trendline.
However, the Fed rate cut did buff SOL price, but on-chain metrics paint a bleak outlook. The network’s declining development activity and a long-to-short ratio below one signal waning confidence. Currently, the SOL price is in the green after gaining 11% in 7 Days.
Fed rate cut ignites Bitcoin price: BTC soars above $63k
The Federal Reserve’s decision to slash interest rates for the first time in four years has sent crypto market valuation up, particularly Bitcoin’s price. The Fed’s dovish move, which marks a shift away from an aggressive rate-hiking campaign, brought optimism that saw Bitcoin’s price jump 4.2% from $57,600 to $60,000 in a matter of hours.
Currently, Bitcoin is trading at $63,000, with a 6% increase in the last 30 days. However, in all honesty, Bitcoin’s price can barely go 2x even in the Fed rate cut’s afterglow. But Lunex Network’s 4500% prediction and huge DeFi potential, which seems to be on par with Bitcoin’s DeFi achievement, are what many investors are heading for.
Lunex Network: Next-gen web3 DEX set to dominate DeFi
Sturdy giants like Solana and Bitcoin are always safe bets for slow, steady growth. But crypto investors are always hungry for the next big thing, and that’s what an explosive hot new crypto like Lunex Network aims to offer—short- and long-term gains, risk-free!
Analysts are predicting a 4500% lift-off for Lunex Network, which may look like a stretch of truth to newbies. However, veteran Solana and Bitcoin investors know about Uniswap’s humble beginnings and $22B valuation at ATH. Lunex Network holds even more potential, and this smart contract-powered platform features CEX’s user-friendliness.
At its core, Lunex Network focuses on security, transparency, and multichain support by leveraging Ethereum’s smart contract to address issues conventional DeFi faces.
This hot new crypto is giving everyone a chance to join the train. Token holders can enjoy rewards from staking and discounts and earn governance rights. Right now, during the first presale stage, LNEX is just $0.0012. That’s the early bird’s ticket to potentially life-changing gains.
For more information, visit the Lunex Network official website or join the online community for the latest updates.
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