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Cryptocurrency News Articles

SUI Network Promises to Surpass $25 While LNEX Surges by 300%: Will AVAX Reclaim the $50 Level?

Dec 27, 2024 at 06:02 pm

Sui Network, a layer-1 blockchain, has gained significant interest in the crypto market due to its speed and performance.

SUI Network Promises to Surpass $25 While LNEX Surges by 300%: Will AVAX Reclaim the $50 Level?

Analyst Predicts SUI Price to Hit $25, While LNEX Surges by 300%: Will AVAX Reclaim the $50 Level?

Sui Network, a layer-1 blockchain known for its speed and performance, has garnered attention in the crypto market. Its expanding market presence and user base have contributed to a surge in interest. Recently, the price of Sui reached a high of close to $5 as analysts predict further gains.

The price of Avalanche has also experienced a significant drop, shedding over 25% of its value over the past week. This decline can be attributed to the bearish crypto market as Bitcoin dips to around 95K. However, there are emerging signs that a bullish reversal might be on the horizon as the altcoin aims to reclaim the $50 region.

Meanwhile, Lunex Network continues to offer exceptional returns on investment, with early investors enjoying a 300% ROI. This impressive surge has also pushed the LNEX token presale revenue past $5.5M.

Lunex Network Promises Massive ROIs For Investors

Lunex Network is rapidly emerging as a dominant force in the DEX space, thanks to its seamless cross-chain transaction capability across 40-plus blockchains. With access to over 50K cryptos at a lower transaction fee, Lunex Network provides an optimal setting for traders looking to maximize gains at the lowest possible cost.

Furthermore, its profit-sharing model enables LNEX token holders to receive a portion of the platform’s weekly revenue, creating a continuous passive income without locking assets in liquidity pools.

Besides the project’s staking model and low-cost advantages, Lunex Network will offer access to 65-plus RPC nodes and a non-custodial B2B payment channel for Web3 development. This will allow companies across the globe to accept crypto payments.

With such features, Lunex Network presents an unmatched opportunity for investors looking to profit from the ever-growing DeFi market. This has already led to a 300% surge in LNEX price to hit the $0.0048 region.

Lunex Presale Crosses $5.5M, Hits New Region

The Lunex Presale has also managed to raise over $5.5M in presale revenue, which could hit $6M by the end of December.

SUI Price Prediction: Analyst's Favorable Forecast

Sui’s unique design allows it to handle up to 300K transactions per second faster than most blockchains, appealing to developers and users alike.

Moreover, Sui’s features, such as the cross-chain USDC transfer protocol aiming to improve liquidity, have also helped push SUI’s price movement upwards.

Trading around the $4 region, which reflects an over 19% monthly surge, Sui’s price performance is being supported by robust developments that might push the altcoin’s price higher in the coming days.

According to Greeny’s price prediction for Sui, the altcoin can potentially hit $25-plus targets in 2025. This forecast suggests investors’ optimism regarding the expansion possibilities of the token is rising.

This growth in the price of Sui has been attributed to the new features of the altcoins. Its technical indicators also indicate a building surging trend, with the RSI at 54 indicating increasing buying pressure. Q1 could lead to bullish momentum as the altcoin targets new highs in 2025.

Avalanche Price Analysis: Will AVAX Reclaim The $50 Region?

While the recent Avalanche price performance has been disheartening for most investors, the surge in active addresses, declining supply, and intensified whale activity presents a compelling case for potential price reversal.

If the market sentiment shifts towards a more bullish outlook, Avalanche could experience substantial price recovery, overcoming the losses incurred over the past week.

Hovering above the $36 region, technical indicators, including the RSI at 37, point at a neutral position for AVAX price movement.

However, the Open Interest Weighted Funding Rate showcases a positive outlook. This metric reflects the sentiments of sophisticated investors, who are now positioning for a possible rally.

Investors should, therefore, keep a close eye on the token’s recent developments. The alignment of such factors could set the stage for new Avalanche price trends, potentially driving AVAX’s price closer to the $50 region.

Moreover, increased market participation, declining supply, and massive whale activity indicate a possible bullish reversal.

Lunex Network Set to Skyrocket Alongside

As Sui and Avalanche look to regain bullish momentum, savvy investors are already flocking to a more promising opportunity.

Lunex Network’s low fee, innovative cross-chain, and great return on investment give it an upper hand against other DEXs.

Lunex Network is also positioning itself as the next DeFi hybrid project in 2025.

News source:www.oneindia.com

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