Bitcoin’s price registered a bullish ascent to $99,645, triggering a wave of excitement among BTC whales, who rushed to accumulate even more BTC. Analysts now forecast a Bitcoin price of $100,000 in a brief spell, given that US spot Bitcoin ETFs show a net inflow of $3.34 billion.
Compared to Bitcoin’s price, Ethereum’s ETH has dipped around 11% on some days after facing major rejection around the $3,550 region. At its current price of $3,350, ETH is tipped to sustain a sideways movement as BTC whales accumulate the dips in preparation for an uptick above $100,000.
While attention is focused on Bitcoin’s price movement, BTC whales are also accumulating a new altcoin set to disrupt the DeFi sector. Lunex Network’s LNEX token is the new kid on the DeFi block, set to deliver a DEX experience like no other. With Lunex, DeFi traders gain access to institutional-grade liquidity while earning cash-back rewards in native currencies such as Bitcoin.
Over $3.16 million worth of LNEX tokens sold as BTC whales chime in
Lunex Network is pioneering the next generation of DeFi with its multi-chain bridge that offers standout features such as an automated market maker called Lunex Swap as well as an aggregator.
With reports indicating that the global DeFi market is on track to grow to a worth of over $500 billion by 2028, Lunex Network is leading the charge with an impressive platform that solves most of the bottlenecks among DEXs today. Lunex’s DEX is a scalable alternative to centralized exchange. Compared to most DEXs that are sluggish and congested, Lunex is fast and cost-efficient.
Lunex’s unlimited liquidity also solves the problem of high slippage, which often eats into a trader’s profits. At the moment, the LNEX token is priced at $0.0031, and LNEX buyers have already bought up over 1.3 billion of the token’s supply. With over $3 million raised so far in the presale, could BTC whales be eyeing LNEX for the next DeFi bull run?
Bitcoin’s price surges towards $100K as BTC whales buy the dips
Bitcoin’s price has surged over 38% in the last month after a series of bullish outbreaks that saw BTC whales buy every dip towards a historic Bitcoin price of $100,000. While Bitcoin has yet to hit $100K, Bitcoin’s price missed the target by a hair, peaking at $99,645 before dipping some 6.3%. However, Bitcoin’s price has already recovered from its weekend drop, as reports indicate a net inflow of over $3 billion from US sport Bitcoin ETFs.
Ethereum’s ETH struggles to breach rejection zones
Ethereum’s price has stagnated below the $3,500 zone despite an overall bullish sentiment sweeping the crypto market. Even so, ETH has sustained a 36% price increase in the last 30 days, while only 57% of ETH holders expressed bullish sentiment. Ethereum’s occasional sideways move has triggered a bull run for competitor altcoins such as Solana, whose DEX volume has reached $100 billion.
Conclusion
Bitcoin price predictions continue to be bullish even as BTC breaks previous resistance to hit new ATHs. If BTC whales continue buying the dips, Bitcoin’s price could break $100K by the year’s end. Ethereum is struggling, but BTC whales could buy into Lunex’s LNEX token for their next DeFi play.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
