DeFi Visionary Who Invested Early in Avalanche Now Bullish

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A DeFi visionary spotted Avalanche’s (AVAX) potential early and is now focusing on two cryptocurrencies with great upside potential. Having benefited from Avalanche’s (AVAX) 550% rally between October 2023 and March 2024, this expert believes that Bitcoin Cash (BCH) and Lunex Network (LNEX) can deliver similar gains.

Still, what distinguishes these choices, especially Lunex Network, in a market that is already saturated? Lunex Network is addressing major DeFi problems with its creative method, which lets users trade across several blockchains instantaneously and anonymously without connecting third-party wallets or supplying personal data.

Lunex Network: The Future of Decentralized Finance

Offering access to around 50,000 coins for trading and swapping across more than 40 blockchains, Lunex Network is portraying itself as a game-changer in the DeFi space. Lunex distinguishes itself by its relentless dedication to user privacy; no personal information is needed and users may trade anonymously free from worries about outside surveillance. 

This degree of anonymity together with its non-custodial crypto exchange capability enables quick transactions across several blockchains at the lowest feasible cost. Lunex Network not only provides security but also great cost-effectiveness since users can avoid the sometimes exorbitant fees connected with decentralized exchanges.

Lunex Network is a complete platform that satisfies all of DeFi users’ demands in one location, therefore removing the need to link third-party wallets like MetaMask or Trust Wallet. Given that the LNEX utility token is still in stage 4 of its presale and costs just $0.0017, investors have a unique chance to enter early and ride the upcoming rally.

Avalanche Price Chart Analysis

With the Avalanche price rising by more than 4.58% over the past month, the altcoin has shown a prevalence of the bulls over the bears despite the extended consolidation observed between $31 and $24. Now trading above $28, the closest resistance is around $29.6. Should the Avalanche price be able to surpass this level, it might reach the $30.6 resistance shortly.

With a Relative Strength Index (RSI) of 47.83, the momentum is neutral, implying that if purchasing pressure rises soon the cryptocurrency might be set for a breakout. Examining technical indicators, the Simple Moving Averages (SMA) over 10 and 100 days show a consistent rising trend, as seen on the Avalanche price chart.

Though the MACD is somewhat negative at -0.10, suggesting modest downside risk, this could hint at a possible entrance point for those anticipating a positive movement. Should Avalanche (AVAX) be able to surpass important resistance levels, the next leg of expansion might be really large, therefore orienting the token for notable upward future direction.

Bitcoin Cash Price Chart Analysis

Currently ranked 14th in market capitalization on CoinMarketCap, Bitcoin Cash (BCH) is displaying a declining channel pattern. The Bitcoin Cash price chart reveals that the altcoin keeps reaching lower highs and lower lows, this technical development suggests that sellers have been in charge. 

Since the Bitcoin Cash price has been moving within the $308 and $384 range over the past month, traders sometimes take advantage of this pattern by shorting close to the resistance and longing around the support. Meanwhile, the declining channel observed also presents chances for short-term traders to profit from these swings while evaluating the general market mood.

With the Bitcoin Cash price rising from $343 to $369, the altcoin has had a noteworthy growth of over 5% in the past month against this trend. Fascinatingly, the community mood is still quite positive, indicating that many investors still think Bitcoin Cash (BCH) has long-term promise. If bullish momentum picks up, it might drive Bitcoin Cash (BCH) toward a continuous uptrend.

Lunex Network Set To Outshine Bitcoin Cash and Avalanche

While Avalanche (AVAX) and Bitcoin Cash (BCH) display notable price swings, Lunex Network is addressing some of the issues DeFi enthusiasts now face with its unmatched approach to anonymous, multi-chain trading and affordable, non-custodial transactions. Investors searching for the next great prospect in decentralized finance should give this platform great attention. 

Priced at just $0.0017, Lunex Network’s LNEX token is in stage 4 of its presale, hence now is the ideal time to join in before its value skyrockets. Don’t miss the opportunity to participate in the next DeFi innovation.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

*This article was paid for. Cryptonomist did not write the article or test the platform.