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Arbitrum and Avalanche holders are facing an uncertain future, with growing challenges in a rapidly changing crypto landscape. As Layer-2 solutions continue to grow, both networks are navigating scalability issues, with Arbitrum’s optimistic rollups and Avalanche’s fast transaction finality offering distinct advantages. Nevertheless, new contenders emerging in the DeFi space might alter the future path of these networks. Investors might need to reconsider their positions when the next wave of innovation develops.
Upcoming Token Unlock Could Amplify Arbitrum’s Price Volatility
Arbitrum’s performance has faced challenges despite showing promise earlier in the year. The network hit a one-month TVL high of $2.45 billion, indicating growing decentralized finance (DeFi) activities. However, its price has failed to sustain the bullish sentiment that followed this growth. Arbitrum hit an all-time high (ATH) of $2.41 in January 2024 but has since significantly lost value, with a 20% drop from its recent monthly peak of $0.571. As a result, the network is experiencing a month-over-month decline of 13%.
Adding complexity to the situation is the surge in Arbitrum’s open interest, which recently spiked to $135 million—reflecting a 10% increase over just three days. This suggests heightened speculative interest in the token. But this particular flurry of open interest also indicates a volatile market and price swings around upcoming events.
A huge problem for Arbitrum holders is the November 16, 2024 token unlock with 92.65 million ARB tokens worth approximately $48.5 million. It follows a huge token unlock earlier this year which saw 1.1 billion tokens worth $2.32 billion, bringing the price down from $2.10 to USD 0.52. Investors are closely monitoring this situation, as past unlocks have led to substantial volatility
Avalanche Bulls Eye 56% Rally as Technical Indicators Turn Positive
Avalanche (AVAX) has recently rebounded, trading at $32.05, a notable recovery from this week’s low of $22.75. Avalanche is now testing the 50-day moving average and showing signs of bullish momentum. Traders are optimistic about a potential 56% rally towards key resistance at $42, a level last seen on May 22. The technical outlook supports this, with Avalanche’s price bouncing off a strong ascending trendline and attempting to break above the 50-day and 100-day Exponential Moving Averages (EMA), suggesting that bullish control may be re-establishing.
Additionally, indicators like the Relative Strength Index (RSI) crossed over the neutral 50 line and also the MACD is additionally approaching the zero line with bullish signals taking over. A move above $31, with healthy trading volume, may trigger gains toward $42—a possible 56% increase from the current levels. These factors suggest that a rally could be in the works if Avalanche continues to build on its recent momentum.
Lunex Network’s B2B Gateway and Revenue-Sharing Model Attract Investors
Lunex Network offers a solution to the common challenge of cross-chain cryptoc
urrency swaps. This network is based on the Ethereum blockchain and allows quick, non-custodial exchanges without third-party wallets or KYC verification. Over 50,000 cryptocurrencies can be swapped at lower fees, making Lunex Network the platform for all kinds of investors. The platform also features a B2B payment gateway, allowing businesses to accept crypto payments and easily convert them to fiat.
Additionally, Lunex Network operates a revenue-sharing model where part of trading profits is used to buy back $LNEX tokens, which are redistributed to holders. After raising over $1.9 million in its presale, $LNEX tokens have appreciated by 70%, and the project is now in its sixth presale stage, with tokens priced at $0.002.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
*This article was paid for. Cryptonomist did not write the article or test the platform.
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