Lunex Network (LNEX) Might Outshine Binance Coin (BNB) and Ethereum (ETH) in the Coming Months, Here's Why

Despite dipping by a slight 2% in the past week, Binance Coin price has had an impressive run in the year, gaining 183% in the YTD price metrics. Although Ethereum price is yet to replicate its 2021 bull run, analysts are optimistic of the number one altcoin hitting the $5k mark before the end of the altcoin season.

Binance Coin (BNB) price is consolidating after a slight pullback from its recent all-time high. However, analysts are optimistic of the number one altcoin continuing its rally towards $1k before the altcoin season ends.

Despite the熊市, cryptocurrencies have managed to post double, triple-digit gains from their 2022 lows. Binance Coin price has increased by 183% in the year-to-date (YTD) price metrics. Although Ethereum price is yet to replicate its 2021 bull run, analysts are anticipating the number one altcoin hitting the $5k mark before the end of the altcoin season.

While these top crypto coins have shown immense resilience amidst market volatility, new players like Lunex Network (LNEX) might outshine them in the coming months.

Lunex Network is coming up with a web3 DeFi exchange that will solve issues of interoperability, high transaction fees, and other common problems traders encounter in exchanges. Here’s a look at how BNB, ETH, and LNEX are positioned for the upcoming bull cycle.

BNB Current Retest Suggests Bullish Trend Continuation

Binance coin (BNB) is consolidating around $700 and $720 after declining from its all-time high of $793, which it achieved on December 4. Based on CoinMarketCap stats, the BNB price has increased by 15% in the 30D timeframe.

Despite a slight decline in market activity, the daily market turnup is hovering over $2.47B, showing a high level of confidence among investors.

A popular crypto analyst with over 1.4M followers on X, The Moon Show, while analyzing the BNB price chart, noticed that the altcoin is currently above horizontal support. If it breaks upside, the first target is $820.

In a similar opinion, Johnathan Carter noticed that the BNB token has broken out of an inverse head-and-shoulders pattern in the weekly chart.

Like the earlier analyst, Carter suggests that BNB crypto could surge towards $850, $1000, and $1,300 in the coming weeks.

BNB is currently trading above the 50-day and 200-day SMA based on stats from Tradingview. Although it has recorded just 15 green days in the 30D timeframe, the market sentiment is bullish.

Analysts Bullish on Ethereum Price, Anticipate 2,500% Surge

Ethereum (ETH) has been trading between $3700 and $4000 in the past few days, making it seem like the altcoin has stalled. However, Venture Founder, a crypto expert on X, remains positive about the Ethereum coin.

The expert suggests the altcoin is retesting the two-year-old consolidation triangle before it breaks out.

The expert is of the view that this move is similar to what happened in 2016-2017 when the Ether price rose by 2,526% within three months of breaking out.

Yoddha, another analyst thinks that Ethereum will hit $10k this cycle.

Looking at the CoinMarketCap data, Ethereum crypto has increased by 20% in the past month with the market activity on a downtrend.

Ethereum token has recorded just 13 green days in the past month. This, however, doesn’t have any major effect as the market sentiment remains bullish. The Ethereum Fear and Greed index is at a healthy 83, meaning more investors are bullish.

If the bulls can push the Ethereum price above the $4k support zone, a rise to $5k is likely in the coming weeks.

Lunex Network Trading Exchange Set To Solve DeFi Problems

Lunex Network (LNEX) is challenging the status quo in the DeFi space with its unique next-generation Web3 DeFi exchange.

Although new, the Lunex Network exchange is designed to connect isolated blockchains and establish a non-custodial trading exchange that will allow for the seamless buying, selling, and swapping of cryptocurrencies.

Its priority on anonymity means that traders don’t need to worry about KYC or wallet connections like Trust Wallet.

At the Lunex Network ecosystem, there are advanced trading features like a unique portfolio tracker that allows users to track multiple assets like cryptos, etc. Traders can also accept cryptos as a form of payment globally and convert them for fiat via transactions.

Traders also have access to over 50k trading pairs at the lowest cost with a unique DeFi wallet that allows them to buy, sell, and swap cryptos all from one account.

As a deflationary token, all listing fees will be paid in