Following South Korean President Yoon Suk Yeol’s declaration of martial law, Ethereum (ETH) and XRP experienced a sharp contraction, scaring traders. While the martial law declaration was reversed and the crypto market stabilized, the new crypto Lunex Network was completely unaffected.
Lunex’s value increased to $0.0038 in its crypto presale, demonstrating its strength against negative externalities and global news. Read on to understand why Lunex is an excellent investment in its crypto presale.
Lunex Network: The hybrid DeFi new token defying odds with great momentum
Lunex Network is an advanced DEX trading platform with cutting-edge features that appeal to modern traders and investors. Its impressive features include respect for privacy with no KYC, advanced security, and a next-gen tracker for traders and individual users to track their crypto, stocks, NFTs, and other financial assets.
Lunex also has a mobile app for on-the-go exchanges and transactions for mobile and flexible users. This combination of sophisticated tracking and seamless mobile trading makes Lunex an ideal solution for investors seeking a versatile and dynamic trading experience.
Lunex is also ideal for professional traders because its Lunex Pro premium subscription offers enhanced trading features and capabilities. Using Lunex Pro, traders and users can access real-time data analytics and trade faster and with lower fees.
Lunex’s impressive features have attracted traders, including busy investors or traders who like multi-trading strategies and patterns. For instance, users can trade and make fast yet informed decisions from anywhere worldwide with Lunex’s mobile app, which provides real-time updates.
Lunex’s advanced trading tools ensure investors can stay agile and optimize their trading experience. Its Pro service is tailored to give experienced traders the tools to optimize their performance and maximize their success.
Ethereum recovers from Martial Law declaration, aims for $4,000
The recent declaration of martial law in South Korea caused turbulence in global cryptocurrency markets, leading to heightened price volatility and disrupting trading activity among altcoins like ETH and XRP.
Luckily, the quick reversal ensured that crypto tokens like ETH, which declined by 3.42%, bounced back quickly. Now trading at $3,900, ETH is just 20% behind its ATH of $4,891, and analysts are tipping ETH to break the $5,000 mark in December.
Recent on-chain data supports bullish momentum for ETH following its high whale activity and supply reduction. Also, ETH has outperformed Bitcoin and XRP, gaining over 18% against the former, further demonstrating a spike in trading activity.
XRP is hopeful of a rebound following crash
XRP had one of the best growth rates in November, rising by over 300%. Breaking past $2, recently peaking at about $2.60. Yet, XRP has declined in recent days to $2.3. XRP’s market cap dropped to $133.1 billion following a 46.67% decline in trading volume to $14.4 billion.
Intense buying pressure inspired its initial upward surge as XRP moved above its 100—and 200-week moving averages. Yet, the Relative Strength Index showed XRP crossing overbought territory at 91, making the decline inevitable.
Whether XRP recovers to cross the $3 threshold or ETH peaks again and breaks the $5,000 barrier is unclear. But investors and analysts are sure the new crypto in presale, Lunex, is destined for an irreversible run in its crypto presale. You should join the Lunex presale now!
You can find more information about Lunex Network (LNEX) here:
Website: https://Lunexnetwork.com
Socials: https://linktr.ee/Lunexnetwork
The post South Korean Martial Law Scares Ethereum and XRP Traders. Meanwhile, Lunex Network’s Crypto Presale Marches On appeared first on CoinChapter.
