Hong Kong Aims to Become the Region's Crypto Center as Lunex Network, Ethereum, and Chainlink Record Price Surges

This comes after ZA Bank, Hong Kong's largest virtual bank, launched a new service that allows retail users to buy and sell ETH and BTC directly

Hong Kong is aiming to become the region’s crypto center after approving spot Ethereum and Bitcoin ETFs. This comes after ZA Bank, Hong Kong’s largest virtual bank, launched a new service that allows retail users to buy and sell ETH and BTC directly using fiat currencies.

This move is set to push Ethereum's price even higher, as analysts target the $15,000 region by the end of 2025, while Chainlink's price records a multi-month high, highlighting increased positive influence. Lunex Network also hit a significant presale milestone, hitting $0.0031 while targeting the $1 region backed by low transaction fees and DeFi features.

Lunex Network Low Fees Attract Investors

Low transaction fees and tight spreads have attracted many investors during the project's presale stages. Traders will enjoy a platform where they can be profitable without worrying about high fees weighing down their earnings. Unlike most traditional exchanges, which often charge exorbitant rates, Lunex Network aims to offer a refreshing alternative that simplifies things for traders.

The project has also excelled in interoperability, supporting swaps across over 50,000 assets. For advanced users, Lunex Pro offers a premium service packed with unique tools, including live market data, custom trading approaches, and faster execution speeds. This service is perfectly suited for high-volume traders who require precise tools to execute strategies and manage their portfolios effectively.

One of the project's key elements is the LNEX token. This token has been designed to withstand market volatility and is backed by its revenue-sharing model. This has already led to an over 158% surge as the LNEX price continues to close in on the $1 mark.

Analyst Predicts Ethereum Could Hit $15K Before 2025 Ends

Ethereum traded steadily over the weekend, holding ground after breaking through its $2,800 resistance level earlier this month. Although the gains have been more restrained than other tokens, Ethereum's price still recorded a monthly surge of over 40% to trade above the $3,000 region.

Moreover, Ethereum’s price movement remains bullish, with over 56% of community votes on CoinMarketCap expressing optimism. Ethereum’s ability to hold steady at elevated regions suggests strong support around current prices, with analysts’ price prediction for Ethereum suggesting a potential breakout might push the ETH token toward a five-digit valuation.

Notably, a crypto analyst, Alan Santana, issued a bold forecast, highlighting that Ethereum could hit the $15K region by the end of 2025. The analyst credited the ambitious target to the increasing institutional adoption, such as the recent Hong Kong Bank launch that will allow its users to trade ETH tokens. Technical indicators have also supported the bullish sentiments, especially at the MA200 level, which has been acting as strong support for Ethereum's price since November 2022.

Chainlink Price Soars Over 68% This Month

Amid the increasing volatility within the crypto market, Chainlink’s price maintains bullish momentum, adding over 68% to its monthly gain. Moreover, its bullish breakout has also seen the LINK token retest its May high around the $18 region.

The 50- and 200-day EMAs have also experienced the Golden Cross within the Chainlink price chart, suggesting a surge in buying pressure for the token. The MACD also shows a constant rise in the green histogram, which indicates that Chainlink will continue to gain value this week.

Furthermore, the Chainlink blockchain has surpassed over $17.3T in total transaction value across its network to outshine Visa. This move puts the platform in direct competition with traditional financial networks, highlighting its growing adoption. Moreover, technical indicators show a continuous bullish outlook that could see Chainlink's price aim for the $25 region.

Will Lunex Network Match Ethereum and Chainlink Price Movements?

While Ethereum and Chainlink are established tokens within the crypto market, Lunex Network stands out as a significant project. The LNEX token has already recorded an over 158% price surge, and the upward trend looks to continue throughout the year.