On October 2, 2024, Ethereum struggles to breach the critical $2,700 resistance level, trading at $2,585.22 after a 2.98% decline. This failure to recover has increased trading volume by 57.18%, indicating bearish sentiment. Analysts warn that continued sell-offs could lead to further declines in Q4.
Meanwhile, BNB is trading at $571.44, down 4.47% intra-day, with a 23.73% increase in volume. Despite expectations of a price rise following founder Changpeng Zhao's release, BNB remains stagnant.
In contrast, Lunex Network's new exchange-based token, LNEX, is gaining momentum, raising over $500,000 in its presale and entering stage 2 with a price rally of 8.33%. Analysts predict a potential 1800% increase in value as Lunex Network aims to dominate the decentralized exchange (DEX) market with features like cross-chain trading and high staking rewards of up to 18% APY.
The contrasting trends among these cryptocurrencies highlight the shifting landscape in the market, with investors seeking new opportunities while established tokens face challenges.