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Cryptocurrency News Articles
Lunex Network (LNEX) Token Backed for 1000% Rallies in Q1
Jan 16, 2025 at 08:22 pm
The crypto market is stuck in the bear trend, with Bitcoin struggling to hold a crucial support level. This has led to huge setbacks in popular
The crypto market is stuck in the bear trend with Bitcoin struggling to hold a crucial support level. This has led to huge setbacks in popular altcoins like Tron and Cardano values. Cardano’s price has dropped below the $1 mark, while Tron’s crypto price has dipped further below the $0.24 support level.
This overall crypto market price activity reflects growing market concerns as the total crypto market cap drops to around $3.25 trillion. However, while the market continues to dip, the new DeFi coin Lunex Network (LNEX) value has continued to rise, driven mainly by the growing interest in the altcoin. Adding to the strong use case, analysts are forecasting a 1000% rise in Q1.
Tron (TRX), the decentralized blockchain operating system that aims to foster internet decentralization, is one of the top-performing altcoins of the past year, gaining over 105% in the YTD price metrics. The surge, triggered by its robust network activity, is projected to continue in 2025, even with the crypto market setback.
The Tron price has dipped by 23% in the past 30 days, pushing the altcoin price below the $0.26 mark. While the Tron market cap has dropped below $20b, the market activity is booming. According to Token Terminal, transaction activity on the Tron Network has surged in the past weeks, reflecting increased adoption and usage.
The data shows approximately 8.2 million monthly USDT senders in the network despite rising transaction fees. Using the Tron chart, Crypto analyst EWT thinks that the altcoin price accumulation phase is within $0.17 – $0.27, with the next rally likely to push the Tron price toward $1.30. Given the rising market activity, a rally toward $1 is likely in Q1.
Cardano’s price (ADA) is approaching a critical support level of $0.90, sparking discussions of a potential further decline. The popular altcoin currently trades between $0.87 and $1.32, a pivotal zone for traders and investors. Cardano’s price has dipped by 16% and 14% in the past month and week, respectively.
Crypto analyst Ali Martinez claims that Cardano crypto could experience massive rallies toward the $1.50 mark if the altcoin is able to break through the $1.10 resistance zone. In an earlier tweet, the analyst noticed that whales had bought over 90 million Cardano tokens in the last few days. Ali thinks more buying pressure could help Cardano break through the $1.10 resistance zone.
Although the Cardano technical indicators are flashing sell signals, the RSI in the 1D timeframe is 46, signifying the altcoin is not yet in the overbought territory. While the Cardano market sentiment is bearish, Coincodex, in their Cardano price prediction, forecasts a rise to $1.87 in the short term. With the market expected to rebound in the coming weeks, Cardano is one of the altcoins to watch out for in Q1.
Lunex Network has continued to make headlines in presale, raising almost $6.4 million in the ongoing cryptocurrency ICO funding with over 2.5 billion tokens sold. One of the major appeals of the project is the DeFi crypto exchange, which enables seamless cross-chain trading and swapping of over 50,000 crypto pairs in 40 different blockchain networks.
Thanks to the hybrid model, traders can buy, sell, and swap cryptos anonymously without needing KYC or wallet connections like Meta Mask and Trust Wallet. This solves issues of privacy and interoperability in exchanges. Using the DeFi wallet, users can purchase, sell, and swap cryptos all from one application.
Outside that, the unique portfolio tracker allows for tracking multiple digital assets like stocks and cryptos, enhancing investors’ trading decisions. The active staking model means that users can stake their tokens for as little as 30 days and earn up to 18% in APY yield. Users can take advantage of the multicurrency staking, which allows for the staking of different cryptos like BTC, etc.
To reward the community, there is a profit-sharing model feature designed to reward active LNEX token holders. At the ongoing presale, the LNEX token is sold for just $0.0056, with early investors making over 366% ROI. Given the rising momentum, analysts project a 1000% rally before the end of Q1.
The recent market retracement has opened the door for a massive accumulation of high-potential altcoins like Tron and Cardano. However, looking at the ROI potential, Lunex Network could likely flip these top crypto coins in the coming months. The over 366% ROI within the past few weeks showcases the high growth potential. Adding
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