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A cryptocurrency veteran who rode ethereum from $1,500 to $4,000 is now eyeing Cardano and Lunex Network for the next rally.
A cryptocurrency veteran with an eye for spotting promising coins rode ethereum (eth) from $1,500 in Q4 2023 to $4,000 in Q1 2024. This expert is now focusing on Cardano (ADA) and Lunex Network (LNEX) for the next rally as these altcoins are already preparing for a significant rise.
Furthermore, despite Cardano's major consolidation, the altcoin price is expected to break out in a bullish direction in the coming weeks. Lunex Network, on the other hand, is not just a new arrival to the crypto scene. It offers unique tools in its ecosystem that make participating in DeFi relatively easier and cheaper.
Lunex Network stands out from other DEXs
When talking about DEXs, some popular options that come to mind include Uniswap, SushiSwap, and PancakeSwap. However, Lunex Network is a new DeFi protocol that will rival these existing DEXs as a result of its more positive offerings that set it apart. While these top DEXs primarily operate on AMM, Lunex Network uses smart contracts, thereby improving transparency.
Additionally, unlike other DEXs, Lunex eliminates any potential security risks associated with combining external wallets. Additionally, Lunex Network is multi-chain, while Uniswap is ethereum-based and PancakeSwap is BSC-based.
This way, users can make transactions in one place across multiple blockchains. Additionally, Lunex Network provides access to over 50,000 cryptocurrencies for users to store, trade, or trade conveniently and for extremely low costs. Interestingly, the utility token for Lunex Network, LNEX, is currently selling for just $0.0015 in stage 3 of the pre-sale.
<h2 class="wp-block-heading" id="ethereum-price-chart-analysis”>ethereum Price Chart Analysis
Over the past week, the price of ethereum shot up less than 1% from ethereum/” target=”_blank” rel=”nofollow”>$2,426 to $2,444. You may be interested to know that the altcoin rose above $2,500 for the first time the previous week. But after that, the bearish pressure intensified, causing ethereum to fall below the $2,350 mark.
After the bulls recovered and pushed the altcoin price back above $2,400, ethereum price did not stay in that range for long. However, the ethereum price chart reveals that the altcoin is still oscillating between $2,520 and $2,340, signifying a conflict between bears and bulls.
On the other hand, ethereum had a much more positive last month as the price rose from $2,347 to $2,444, generating an increase of more than 5%. Technical indicators They also show that ethereum was bullish over the last week and month.
Cardano Price Chart Analysis
The Cardano coin showed a meager 0.05% price increase during the last week. Cardano holders have been patiently waiting for a breakout despite uncertain price swings as Cardano has been consolidating for a long time. Furthermore, the Cardano coin price rose to $0.37 during the week, but the bulls were unable to overcome this resistance level.
Therefore, the Cardano price chart shows that the altcoin fell below the $0.34 mark following notable bearish momentum. But soon after, the bulls began to gain momentum, eventually pushing Cardano back above $0.34.
Despite the price swings, Cardano community sentiment has remained good as holders expect a significant increase in the coming weeks. Cardano technical indicators show a bearish image both during the last week and the month.
<h2 class="wp-block-heading" id="lunex-network-ethereum-and-cardano-set-for-big-gains”>Lunex Network, ethereum and Cardano set for big gains
Although the price of ethereum increased significantly in the first quarter of 2024, analysts predict an even greater increase in the coming months. Meanwhile, Cardano has been consolidating, but as the year ends, holders are hopeful of a return soon.
Lunex Network is still in its pre-sale phase, however, the demand for the LNEX token is quite strong. With over 300 million tokens sold in a few weeks and over $770,000 raised in pre-sale proceeds, analysts suggest that LNEX's value could rise by 300% before the pre-sale even ends.
For more information, visit the Lunex Network Official Website or join the online community for the latest updates.
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