New DEX Protocol Lunex Network Joins Ethereum and Binance in the Spotlight – Can It Surpass $0.50 by Year-End?

The post New DEX Protocol Lunex Network Joins Ethereum and Binance in the Spotlight – Can It Surpass $0.50 by Year-End? appeared first on Coinpedia Fintech News

The crypto community has regularly lambasted Ethereum for its weak performance against Bitcoin. However, these sentiments have shifted as Ethereum continues to record impressive gains, surging by 50% in the past month. This gain has attracted optimistic price predictions for Ethereum, with the likes of Deltec Bank, a Bahamian financial institution, providing several projections for ETH’s future value, the most recent being $10,000 by the end of 2025.

The firm has also provided conservative targets for 2025 and 2030, which are $9,000 and $20,750, respectively. Binance coin, on the other hand, has surpassed Solana in securing the 5^th spot by market capitalization after a historic surge that saw the BNB token record a weekly rally of over 22%. Similarly, Lunex Network also hit a new milestone in presale revenue, surpassing over $4.5M, contributing to LNEX price movement to $0.0038 as it eyes the $0.5 target.

Lunex Network Hits Over $4.5 Revenue Milestone

Lunex Network ICO has seen an incredible journey so far. The project managed to raise over $4.5M, with the new target being $5M by the end of the year. Moreover, the LNEX price has also surged by 200% to hit the $0.00038 target. This impressive gain in Lunex Network presale has been attributed to the project’s unique DeFi features, which make it easy for traders to swap 50,000 crypto assets across 40+ blockchains.

This cross-chain swap feature also means that traders can execute swaps at the lowest costs possible, backed by top speed, without switching from one platform to another. In addition, Lunex Network offers a robust staking model, allowing users to earn up to 18% APY. This provides an attractive option for investors looking for passive income.

Lunex also provides traders with the right tools needed to make informed decisions. With its data-driven decision-making features, users can access up-to-date market insights that could help traders remain ahead of the game, especially in the Q4 bull run. Lunex Network is, therefore, a stand-out project that could record more gains in the coming days.

Ethereum Price Predictions: ETH Short-Term and Long-Term Price Targets

While Ethereum has not witnessed a massive rally this altcoin season compared to ADA and BNB, the bulls have managed to defend the strong ETH support levels. According to crypto analyst IncomeSharks, Ethereum’s daily support remains intact, reinforcing confidence in the holding positions entered earlier. The analyst also emphasized the importance of on-chain utility plays while setting a downside threshold at $3,200. A drop below this region could trigger an Ethereum sell-off.

However, with the bullish momentum, Ethereum’s price performance is set to target $4,000 in the short term. On the Multi-year chart, the Ethereum price has formed a giant cup-and-handle pattern since November 2021. To achieve a long-term price target as predicted by Deltec Bank, Ethereum’s price must first confirm a breakout above $3,800, setting the stage for explosive growth.

The Ethereum price has been hovering around $3,700, with a market cap of over 445B. Inflows into the Ethereum ETF have also remained strong, showcasing a surge to $132M led by Fidelity’s ETH and BlackRock’s ETHA. Technical indicators also support a bullish outlook, with the RSI at 67 pointing to a building uptrend momentum.

BNB Outshines Solana in Market Listing: Will BNB Hit $1,000 Before The End of Q4?

Several altcoins have taken charge within the crypto market, including Binance coin, which has seen impressive price performance over the past months. BNB price movement has recorded a YTD of over 234%, surpassing Solana in market cap to secure the fifth position.

Additionally, Binance coin trading volume has surged by over 147% to hit the $6.3B mark. This impressive BNB’s price momentum has triggered a notable liquidation across the market. According to CoinGlass data, $5.4M of short positions in BNB have been liquidated in the past 24 hours. BNB open interest also surged by over 39% to $1.5B, indicating heightened market participation and a growing speculative interest in the token.

Its technical indicators have also signaled continued bullish momentum despite a slight pullback. Binance coin’s RSI is at 77, suggesting a continued uptrend momentum. This bullish outlook confirms Ali’s previous BNB price prediction, suggesting that a close above $662 could open the path for a potential move to $1,630. Binance coin price has been hovering around the $770 region while eying the $1,000 price target before the end of the year.

Can LNEX Price Performance Exceed ETH and BNB Price Movements?

Ethereum and Binance coins are well-established cryptos that continue to dominate the market. However, Lunex Network is also a unique DeFi project with the potential to record impressive gains before its official launch. Lunex Network’s presale momentum reflects its impending gains, and investors have grabbed a chance as they anticipate more gains in the future.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork