Crypto veteran shifts focus to Cardano and Lunex Network after Ethereum’s $4K ride
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A crypto veteran who rode Ethereum from $1,500 to $4,000 is now eyeing Cardano and Lunex Network for the next rally.
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A crypto veteran with an eye for spotting promising coins rode Ethereum (ETH) from $1,500 in Q4 of 2023 to $4,000 in Q1 of 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 surge.
Furthermore, despite Cardano’s great consolidation, the price of the altcoin is expected to break out in the bullish direction in the next few weeks. Lunex Network, on the other hand, is not only a fresh arrival into the crypto scene. It offers unique tools in its ecosystem that make engaging in DeFi relatively easier and cheaper.
Lunex Network stands out from other DEXs
When discussing 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 with AMMs, Lunex Network uses smart contracts, thereby enhancing transparency.
Furthermore, unlike some other DEXs Lunex is removing any possible security risks associated with combining outside wallets. Besides, Lunex Network is multi-chain while Uniswap is Ethereum-based and PancakeSwap is BSC-based.
Users can thus be able to transact all in one place across several blockchains. Furthermore, Lunex Network provides access to over 50,000 cryptocurrencies for users to conveniently and for extremely low costs store, trade, or swap. Interestingly, the utility token for Lunex Network, LNEX, is currently selling for only $0.0015 in stage 3 of the presale.
Ethereum price chart analysis
Over the past week, the Ethereum price has spiked by less than 1% from $2,426 to $2,444. It may interest you to know that the altcoin first rose above $2,500 the previous week. But after that, bearish pressure intensified which resulted in Ethereum dropping below the $2,350 mark.
After the bulls rallied and pushed the price of the altcoin back above $2,400, the Ethereum price did not stay in that range for very long. Nonetheless, the Ethereum price chart reveals that the altcoin is still swinging between $2,520 and $2,340, signifying a conflict between bears and bulls.
On the other hand, Ethereum had a rather more positive past month since the price rose from $2,347 to $2,444, generating over a 5% increase. Technical indicators 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 rise over the last week. Holders of Cardano have patiently waited for a breakout despite uncertain price swings since Cardano has been consolidating for a long time. Furthermore, the Cardano coin price rose to $0.37 during the week, but the bulls couldn’t get above this level of resistance.
The Cardano price chart thus shows that the altcoin dropped below the $0.34 mark following notable bearish momentum. But soon after, the bulls began to gather momentum, which finally brought Cardano back above $0.34.
Price swings notwithstanding, the Cardano community sentiment has remained good since holders hope for a significant increase in the next weeks. Technical indicators for Cardano show a bearish picture both over the past week and month.
Lunex Network, Ethereum, and Cardano set for big gains
Though Ethereum’s price rose significantly in the first quarter of 2024, analysts predict an even bigger surge in the next few months. Cardano has been consolidating meanwhile, but as the year ends, holders are hopeful about a comeback shortly.
Lunex Network is still in its presale phase, however demand for the LNEX token is rather strong. With over 300 million tokens sold in some weeks and over $770,000 raised in presale revenue, analysts suggest that the LNEX value could jump 300% even before the presale ends.
For more information, visit the Lunex Network official website or join the online community for the latest updates.
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