BONK Top Performer, How Likely Is A 70% Breakout? Institutions Eyeing Up LNEX And NEIRO

Bonk Faces Bearish Pressure as Lunex Network Gains Traction

Bonk was a top performer in the last 24 Hours, but those bullish gains could be wiped out by increased pressure from short sellers. Even Neiro is following a similar trend as the token fails to sustain its astronomical rally in September. Amidst this mixed market sentiment, traders are switching to Lunex Network’s explosive presale that is already proving its potential as the next 100x token in 2025. 

Bonk (BONK) Downtrend Expected to Continue

Bonk’s price prediction experienced a significant 17.37% rally last week as the token’s community sentiment turned extremely bullish. This rally was driven by a rise in investor interest due to Bonk’s decentralized and community-driven model. However, Bonk is now falling into the bearish zone as short BONK holders begin to sell out and book profits. 

Bonk is currently trading for $0.00002078 after a modest 0.17% intraday rise. Since Bonk’s volume has also increased by 32.32% in the last 24 hours, Bonk appears to be experiencing heightened selling pressure. Even Bonk’s Momentum Indicator is suggesting bearish dominance as the token trades below its 200-day Simple Moving Average. 

First Neiro on Ethereum (NEIRO) Loses Momentum After Astronomical Rally

First Neiro on Ethereum saw an astronomical 1041.78% rally in the last 30 days as whales and institutions acquired huge amounts of tokens. A significant 102.77 million Neiro tokens were acquired in a short period, making analysts extremely bullish on the token’s future growth. Since Neiro was also recently listed on Binance, traders hoped that the ongoing bullish rally would continue in Q4. 

However, Neiro has suddenly fallen into bearish territory as the token is trading below its simple moving averages. Neiro is currently trading for $0.0009811 after a significant 15.67% intraday decrease. Although Neiro is a community-driven meme coin that offers zero buy/sell tax, Neiro needs to attract more investors to make a recovery. 

Lunex Network (LNEX) Attracts Institutional Investors with Merchant Payment Gateway

Lunex Network isn’t just attracting retail investors, but it is also seeing a huge influx of institutional investors and Web3 developers. Since Lunex Network is revolutionizing the crypto exchange market with its cross-chain functionalities, every type of investor is trying to get a piece of the pie before Lunex Network’s limited presale supply runs out. 

By connecting isolated blockchains on its non-custodial network, Lunex Network allows traders to make crypto trades across multiple blockchains. This means traders can select any of the 50,000+ crypto pairs to swap and enter a recipient wallet address to receive their new tokens – no third-party wallets required. 

Since Lunex Network also uses smart contracts technology to ensure the lowest cost for every transaction, traders are rapidly switching from Uniswap and PancakeSwap to this new exchange-based token. Even institutional investors are fueling the hype by using Lunex Network’s merchant payment gateway that enables them to accept cryptocurrencies as a form of payment from customers across the globe. 

Aside from these features, Lunex Network is also seeing a huge influx of Web3 developers who can use the 65+ RPC nodes to develop dApps on several blockchain networks. As Lunex Network’s ecosystem expands, analysts believe the token’s price will skyrocket by the end of 2024. 

For now, Lunex Network is selling for a low price of only $0.0013 in stage 2 of its presale. With analysts already projecting up to 1800% gains by the time $LNEX is launched on the open market, traders are rushing to get their hands on the token before the next anticipated price jump within the next 2 weeks. 

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork