The crypto market is at the cusp of another bull run, and it’s a no-brainer. Investors are already scrambling for the next big win. Once again, BTC didn’t turn out to be the favorite. Just a few days after the Fed rate cut, Bitcoin’s price prediction turned sour, and Polygon’s price fizzled, raising the question: Can unlimited liquidity be the key to surviving the crypto storm?
But while the duo continues to find solid ground, Lunex Network has gone far and wide for its novel approach to DeFi. It’s a seamless, unlimited liquidity pool for cross-chain asset trading. Could this push Lunex Network to the top of the bull race? Let’s find out.
Bitcoin price prediction: BTC slipping back below $60k could trigger more corrections
Bitcoin price prediction fell short again. This time, BTC suffered a decline below the psychological $61k level, which could trigger a cascade of corrections. BTC price saw a recent “dead cat bounce” after the Fed rate cut. But bearish fundamentals, including the geopolitical tensions in the Middle East and the worrying US NFP data, have kept the crypto king below the crucial $65k resistance level.
The hotter-than-expected NFP data puts more pressure on the Fed to maintain higher interest rates and potentially halt Bitcoin’s rally. Bitcoin price occasionally crosses $61k, but investors remain largely cautious.
Polygon underperforms despite MATIC to POL migration and ecosystem development.
The bearish Bitcoin price prediction, as expected, triggered a cascading drop that took POL’s price with it. This downturn is particularly perplexing given the hype surrounding Polygon’s recent upgrades. Just last month, Polygon had multiple ecosystem upgrades, including the Ahmedabad hard fork and several Polygon Improvement Proposals (PIPs) aimed to enhance the network’s capabilities and attract developers.
This came after the network completed its MATIC to POL upgrade. Unfortunately, Polygon has dropped a whopping 13%. Adding to the woes, over 95% of POL holders are underwater – a lackluster performance that has disillusioned many investors.
Lunex Network unlocks DeFi success with an unlimited liquidity pool.
Liquidity is king! Even a day-one newbie knows the importance of liquidity in DeFi and asset trading. It ensures traders can seamlessly trade assets and value with low slippage and delay. Lunex Network and its unlimited liquidity pool are a testament to its commitment to providing smooth, improved, and efficient DeFi and asset trading.
The best part? Lunex Network is introducing a new age of DeFi security, user friendliness, and transparency with its smart contract-powered, noncustodial, AMM-backed crypto exchange. The exchange provides users with over 50,000+ assets and over 40+ multichain support. That’s where Lunex Network’s deep liquidity pool comes in.
Users benefit from a stable and reliable trading environment that offers slippage-free and lightning-fast processing for a near-zero fee. But Lunex Network’s commitment to providing unlimited liquidity doesn’t stop there. It offers attractive incentives and passive income, including staking options, a revenue-share program, and liquidity pool rewards.
This recipe for sustainable success has also attracted investors to its ongoing presale, which has gone ballistic. Analysts say it has the potential to dominate the $200 billion+ DeFi market and shoot up 100x from its current presale price of $0.0013 in stage two. So, don’t miss out on this.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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The post Bitcoin and Polygon Prices Fall as Lunex Network Continues To ‘DeFi’ Market Drop with Increasing Momentum appeared first on Crypto News Land.
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