ETH Price Predictions Estimate a Price Recovery above $4K, Lunex (LNEX) Emerges as the Next Hot New Crypto in DeFi

With Bitcoin's price surging past $75,000, altcoins have started to rebound, as Ethereum's previously faltering price sets a recovery path with a notable 17% uptick over the last month.

As Bitcoin's price surges past the $75,000 mark, altcoins have begun to experience a rebound. Among them is Ethereum, whose previously faltering price has now set a course for recovery, with a notable 17% uptick over the last month. Adding to the excitement is a recent move by an ETH whale, who has sold some 13,400 ETH, leaving onlookers to speculate a bullish resurgence for ETH. According to expert analysts, this move by the whale is an indication of increasing open interest in ETH building up.

Meanwhile, Ethereum ETFs have seen a significant increase in investment volume following Donald Trump's pro-crypto stance in the U.S. election. As enthusiasm builds over Trump's victory, market watchers anticipate further upside for Ethereum and an emerging hot new crypto project in DeFi.

Rising ETH prices have analysts making bullish predictions

Despite earlier bearish sentiment that saw ETH's price stagnate below $3,000, ETH price predictions are now leaning bullish. With positive sentiment now sweeping across the crypto market, the price of ETH has surged over 7% in 24 hours and could continue its 17.2% uptick over the last 30 days.

Among the reasons for ETH's lackluster performance over the past few months, despite a bullish crypto market, are the network's congestion and increasing gas fees. ETH's price has remained in the region of $2,500 since August after a market-wide downturn, encountering major resistance at the $4K mark.

Compared to Bitcoin's year-to-date gain of 77%, Ethereum's meager 23% uptick has seen it fall out of favor with investors, who have turned their attention to emerging hot new crypto projects in the world of DeFi. At present, Ethereum's price is down 42% from its all-time high of $4,878 in 2021.

Another factor contributing to ETH's poor performance is the rising U.S. interest rates, which now rival Ethereum's staking yield. However, a move by the U.S. government to cut the rate of borrowing capital could act in favor of ETH. Additionally, as whales take profit, we could see increasing open interest in Ethereum ETFs.

Lunex (LNEX) emerges as the next hot new crypto in DeFi

As Ethereum's ecosystem struggles to regain its dominance, a new player in the DeFi world is making waves with its presale, which has already managed to raise over $2 million. Lunex is building a cross-chain transaction network with deep liquidity.

This non-custodial DEX and aggregator is capable of performing rapid and secure asset transfers across 50,000 currency pairs. Lunex's multi-chain bridge rivals the speed, efficiency, and liquidity of centralized exchanges, all while offering the security and anonymity of a DEX.

Furthermore, the platform's LNEX token comes with low network fees and can be used to participate in governing Lunex's future direction. Currently priced at $0.002, over 1.3 billion LNEX tokens have been sold thus far.

ETH price predictions foresee a price recovery above $4K for the second-largest crypto by market capitalization. However, it remains to be seen whether Ethereum's network will scale to rival the likes of Solana. It seems that attention is shifting towards DeFi, with projects like Lunex tipped to experience a 100x surge on launch day.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork