As the Polkadot price struggles to sustain above the support level, the Near Protocol price has found a key support level around the $4.6 region. Polkadot (DOT) has dipped by over 10% over the past month despite Santiment placing it among the top 10 cryptos set to surge significantly in Q4. Near Protocol (near) has also recorded a monthly bearish trend of over 12%.
Meanwhile, Lunex Network, a new DeFi protocol aiming to connect isolated blockchains and establish a non-custodial crypto exchange platform that allows users to easily trade and swap cryptos across different blockchains at a lower price, continues to attract major investors in stage four of its presale. The project has raised over $1.2M and is eyeing the $2M mark by the end of the month.
Lunex Network Presale Momentum Eyes $2M By the End of October
The Lunex network has been experiencing rapid growth during its presale stages. Having sold out in stages 1, 2, and 3, stage 4 is already over 38% sold out. If such a trend continues, the project could raise $2M by the end of the month. Moreover, early investors continue to enjoy over 41% return on investment, with massive gains anticipated before the token launch.
This significant presale uptrend has been attributed to the project’s unique multi-chain trading capabilities. This feature makes it a one-stop shop for all DeFi-related transactions, with over 50,000 swappable assets across multiple blockchains such as Solana, Tron, and Ethereum. Moreover, since every trade is executed through smart contracts, Lunex Network guarantees complete transparency and security, making it a preferable choice for whales conducting large cross-chain transactions.
With its reward mechanism, a portion of the revenue generated from the exchange will also be used to buy back LNEX tokens from the open market and redistribute them to token holders who staked. The project also features Lunex Pro, a subscription offering users advanced features and a crypto application. Most importantly, users of this service will get cashback on each transaction and can perform AML wallet address checks.
Polkadot Price Targets $6 In Q4 Despite Current Bearish Trends
The weekly and monthly charts for Polkadot (DOT) show losses according to CoinMarketCap data. This dip occurred after DOT’s price met resistance around the $6 level in July 2024. Despite Polkadot’s bearish momentum, the crypto has recorded an all-time surge of over 49% to trade around the $4.1 mark.
Source: CoinMarketCap
Moreover, Polkadot’s price is set to undergo an upsurge breakout soon. The token’s 14-day RSI is on an uptrend, closing in on the 50 level, suggesting the price is still neutral. However, the 50-day and 100-day simple moving averages suggest a bearish trend on the Polkadot price.
Still, according to Crypto Dave, the Polkadot coin could turn bullish. The analyst’s price prediction for DOT suggests the altcoin could rise to $6 by the end of Q4 while targeting further gains of $10. However, if Polkadot bulls fail to regain control, the token could dip further to its support level of $4 or even lower.
Near Protocol Price Prediction
According to the Near Protocol price prediction, the price of NEAR is set to surge by over 33% to hit the $6 mark. However, current technical analysis suggests that the token’s sentiment is still bearish. The Fear and Greed Index showcases that the NEAR token recorded 13 out of 30 green days, representing over 5% price volatility in the last month.
Source: TradingView
Moreover, Near Protocol has also laid out a horizontal channel pattern known as a sideways trend. The horizontal channel pattern is normally formed during a price consolidation. In the pattern, the upper trendline connecting the highs and lower trendline connecting the lows run horizontally parallel as the price action is contained within the pattern.
Its RSI value is 45, indicating that Near Protocol’s market is still neutral. The $4.1 mark is also predicted to be a strategic entry point for the token’s long-term positions in case of intense market fluctuations and volatility. A successful confirmation of its long-term bullish pattern could see the NEAR Protocol move to the $10 mark while eyeing $20.
Is Lunex Network A Worthy Investment In Q4?
With Polkadot and Near Protocols bearish momentum, Lunex Network is emerging as a worthy October investment owing to its revenue-sharing model and DeFi features. This has led to the project’s impressive price performance at each presale stage.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
