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According to crypto experts, the crypto market is preparing for another massive surge. The prices of Cardano (ADA) and Lunex Network are up on the charts. Market experts expect both altcoins to rise to $1 soon.
On the other hand, Dogecoin (DOGE) has been struggling to turn $0.4 to a support zone. There are a lot of sellers in and around this region. However, reclaiming $0.40 will prepare DOGE for a massive rally.
Cardano (ADA) Approaching $1
This cryptocurrency has shown critics that they are wrong with the recent increase in its price. Data from CoinMarketCap shows the value of the Cardano crypto rose to a peak of $0.8453 recently.
The ADA altcoin price was initially trading around the $0.5 level on November 14. Analysts like Sssebi believe this upsurge is a good sign. He told his followers the Cardano price may rally to $0.91 next.
Another expert called Cardano Hieronymus says the $1 mark is inevitable. However, the cryptocurrency has to surpass resistances around $0.85 and $0.95.
At the moment, the Cardano token currently has gains of 53.8% on the 7-day chart. In the 14-day timeframe, there is a profit of 131.8%. ADA's relative strength index and VWMA (10) are showing buy signals that support this uptrend.
Lunex Network (LNEX): A Game Changer for Crypto Traders
Lunex Network (LNEX) is bringing a new perspective to decentralized finance with a platform that is built with a focus on privacy, security, and innovation. Currently, $LNEX tokens cost $0.0031, and during the current presale, the platform has raised over $2.8 million, which indicates interest in joining this promising project. Experts estimate that $LNEX can increase to $1 within the next few months.
Lunex Network has a no-KYC policy, which means that users can trade and manage assets without providing personal identification numbers. Such an emphasis on privacy makes it easy to onboard clients, and it caters to the trader's desire to keep their transactions anonymous. Lunex eliminates KYC restrictions, making its platform fast and easy to use.
Lunex also gives access to 65+ RPC nodes for decentralized developers to develop applications on various blockchains. This feature makes Lunex not only a trading platform but also an essential tool for creating Web3. Furthermore, Lunex has an exclusive package for high-volume and active users, which includes cashback for transactions, better staking services, and AML checks for wallets.
This paid service improves the value of user incentives and provides additional protection for active trading clients. These characteristics, combined with a successful presale, make Lunex Network ready to be a leading player in the DeFi market.
Dogecoin (DOGE) Battles With Bears, But Analysts Remain Bullish
The Dogecoin price bounced back to $0.40 after a 15% correction from its three-year high posted on November 12. Unfortunately, the memecoin failed to hold the level as bears set in.
The Dogecoin crypto is currently consolidating around the $0.38-$0.42 range. Despite the decline, the meme token is still in profit. On the 14-day chart, there is a profit of 93.9%. In the 30-day timeframe, there is a gain of 169.8%, according to CoinMarketCap.
Going forward. Dogecoin (DOGE) may be gearing up to $0.50 if it successfully reclaims the $0.4 level mark. A breakout above the $0.44 resistance could push the Dogecoin token towards $0.50. Trader Tardigrade has sighted a bullish divergence on the 4-hour RSI chart. The expert says the memecoin's price may hit $0.7 soon.
In Conclusion
All eyes are on Cardano (ADA) and Lunex Network. Analysts believe the two top altcoins have the potential to cross the $1 mark soon. Meanwhile, Dogecoin (DOGE) is still struggling with bearish pressure.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: Join The Lunex Network Community
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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