Cardano (ADA) regains strength after recent struggles, Lunex (LNEX) presale raises $5.6 million

The Cardano (ADA) token has been seen in a positive light with its numerous features, including staking, trading, and decentralized app (dApp)

The Cardano (ADA) token has been seen in a positive light with its numerous features, including staking, trading, and decentralized app (dApp) development. This setup has largely helped drive the ADA price, evident in its 52% increase over the past year.

However, ADA isn’t the only DeFi token doing great numbers in the crypto market. More recently, Lunex, a new project has been attracting DeFi traders and investors. The bullish crypto has grown during presale, raising over $5.6 million in just a couple of months. Let’s find out why Lunex may lead the charge as the next DeFi token to explode.

Cardano regains strength after recent struggles

After a week that saw the entire market plunge into the red zone, most cryptocurrencies have been regaining positive momentum. Cardano is not left behind. The ADA price has gone up to around $0.9 from its $0.7 price on December 12. Similarly, the ADA market cap has increased by almost 2% in the last 24 hours alone, showing regained interest in the bullish crypto.

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The recent increase in the ADA price results from a change of sentiment among investors generally. Plus, Cardano has a historical December pump, which shows a pattern of investors stacking it up ahead of a new year. However, the 12% decline in the Cardano price month-on-month (MOM) suggests a more bullish trend is required to completely turn Cardano’s fortune around.

Optimistic ADA price prediction targets $4

According to crypto analyst Ali Martinez, Cardano’s current instability and the uncertain market forces will not hinder the altcoin’s growth. The analyst’s optimistic ADA price prediction suggests Cardano will reach $4 by 2025. That’s a 340%+ jump from the current ADA price of about $0.9.

A few factors that could be responsible for the massive jump include the project’s strategic partnerships, increased institutional interest in Cardano, and solid tech upgrades within the Cardano ecosystem. However, Cardano’s market cap is already at over $32 billion, which means accumulation by new investors is limited.

Can other tokens rise to the occasion?

While Cardano’s pathway to success may not be pretty straightforward, new altcoins like Lunex have set the pace for more significant performances ahead of their full launch. For context, the Lunex token is currently on presale, raising over $5.6 million within a short period. This indicates the massive interest in Lunex by investors and traders looking for the next bullish crypto to invest in early.

The Lunex Network has a novel feature set in place to drive its adoption and growth over the coming months. These include its Web3 cross-chain decentralized exchange (DEX), which allows DeFi traders and investors to access the liquidity required for seamless asset transfers across multiple blockchain networks. Traders can exchange assets across platforms like Ethereum, Solana, and the Binance Smart Chain (BSC) cheaper than other cross-chain bridges.

Traders also get rewarded for every transaction they perform, and Lunex holders can lock up their tokens in its liquidity pool for up to 18% APY.

Evidently, the Lunex project is more than just hype, making its ongoing presale a great opportunity for early investors to back a solid project for the future. At only $0.0049 per token, the current LNEX price is a bargain.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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