SPONSORED POST*
Ethereum (ETH) rose from $1,600 to $4,000 in about five months, This transpired between Q4 of 2023 and Q1 of 2024. Early Ethereum (ETH) buyers a few years ago would have, however, seen up to 10x returns. Now, an expert analyst who benefited from the early gains of Ethereum (ETH) is projecting similar gains for two other altcoins.
According to this professional, investors could get exponential gains from Avalanche (AVAX) and a new DeFi protocol called Lunex Network (LNEX). While Avalanche (AVAX) makes a gradual ascent, Lunex Network is causing a buzz among investors with its innovative features that simplify DeFi and its booming presale that has already raised over $1.5million in less than a month.
Lunex Network Makes Positive Impacts In DeFi
An interesting endeavor aiming at enhancing decentralized finance is Lunex Network. Though the DeFi sector is rapidly expanding and expected to be valued at over $497 billion by 2032, some issues need attention. Lunex Network brings solutions to some of these challenges.
If you use DeFi, you have probably observed the stress and additional costs involved in switching platforms for cross-chain transactions. Now Lunex Network links all isolated blockchains together and even provides non-custodial trading, so you have no more concern. So you can carry out your transactions all in one place.
Lunex Network’s innovative Web 3 exchange built on Ethereum offers a unique blend of low-fee, secure crypto trading through its Automated Market Maker model. It stands out with its ability to seamlessly integrate over 50,000 currency pairs, providing users with unparalleled trading flexibility.
Lunex also incorporates a deflationary structure backed by routine token buybacks. This mechanism, coupled with staking rewards of up to 18% APY, fosters price stability while incentivizing long-term holding. It’s no-KYC model makes it appealing to investors who value privacy and anonymity.
As a result, Lunex Network’s presale has been nothing short of explosive, raising over $1.5 million with 1 billion tokens being sold since its initial ICO launch. Currently priced at $0.0019, analysts predict an impressive 18x rally for $LNEX by launch, positioning it as a top contender for both short-term gains and long-term growth.
Ethereum Price Chart Analysis
Over the past two months, the Ethereum price has had a little struggle. This is so since the altcoin’s price has been trading between the $2,800 and $2,200 range. This range caused a triangle formation on the Ethereum price chart. Although buyers have been aggressively taking new positions, experts predict a positive Ethereum (ETH) breakout shortly.
Should the bulls be able to surpass the $2,800 resistance zone, Ethereum (ETH) might find itself at $3,500 in just a few days. Actually, if optimistic momentum strengthens, experts believe the altcoin might rally to $4,100. Conversely, should the resistance hold, the Ethereum price might still momentarily consolidate.
Concurrently, some important events like whales accumulating Ethereum (ETH) and the opening of Ethereum Spot ETFs in Australia most likely contribute to positive momentum. Because of these recent events, it is actually possible for a bullish break out to happen soon.
Avalanche Price Chart Analysis
After the Avalanche price hit its apparent 2024 low in August, it has started rising steadily. This is probably as a result of a renewed optimism that surrounds its gaming ecosystem. Moreover, a new game was launched which gained significant traction. Because of that, there has been a favorable market sentiment toward Avalanche (AVAX).
Meanwhile, the Avalanche price chart reveals that the altcoin has displayed a long-term ascending trendline pattern. This technical setup indicates a bullish continuation for the Avalanche price. As a result, experts anticipate a significant surge for Avalanche (AVAX) soon.
However, the $25 zone is still serving as a key resistance zone. If the price of Avalanche (AVAX) can break out of this zone, it is possible for the altcoin to revisit highs that was last seen in March. In fact, a long-term bullish move could be triggered if the $25 resistance is overcome.
Avalanche and Lunex Network Couls Replicate Ethereum’s Gains
Although Ethereum (ETH) did rather well early this year, analysts still predict a fresh ATH in the next few months. Holders of the altcoin are hopeful that a long-term bullish movement could be imminent as Avalanche (AVAX) gets ready to overcome a significant resistance.
Conversely Lunex Network is drawing a lot of interest in its ICO, with many believing its unique DeFi offerings and potential for massive growth makes it a must buy this winter.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
Telegram: Join Our Telegram Community
Twitter: Follow Us On X
*This article was paid for. Cryptonomist did not write the article or test the platform.
