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Ethereum is entering a recovery phase after consolidating for the last few months while Cardano draws closer to the big $1 milestone. Meanwhile, Lunex Network’s new DeFi exchange is also gaining traction as the platform is poised for 1,800% gains ahead of its official release.
Ethereum (ETH) Records Positive Momentum After Long Consolidation Phase
Ethereum’s price failed to record any significant gains during the post election rally but it is finally making a massive resurgence. Since Ethereum’s market cap has crossed the $400 billion level this week, analysts believe Ethereum could target its upper resistance at $4,000 within the next few weeks. This positive sentiment is fueled by Ethereum forming a U shaped reversal pattern on its daily chart which typically suggests bullish dominance.
Ethereum is currently trading for $3,352.95 after a 1.37% intraday increase. As more traders buy Ethereum tokens in hopes for an explosive rally, latest data reveals that Ethereum’s trading volume has increased by 14.16% over the last 24 hours. Since Ethereum is also trading above all of its Simple Moving Averages on the ETH/USDT daily chart, analysts believe Ethereum could target the nearest resistance at $3,448 soon.
Cardano (ADA) Records Net Inflows Worth $55 Million Amidst Rising Investor Confidence
Cardano whales have accumulated nearly $55 million worth of ADA over the last few days. Since Cardano’s on chain metrics reveal that whales are buying more tokens than they are selling, analysts are positive about Cardano targeting the big $1 milestone soon.
Cardano is currently trading for $0.9275 after a big intraday jump worth 15.18%. Cardano’s volume has also surged by 38.92% which suggests increased network activity as Cardano draws closer to reaching a new peak. Since Cardano’s RSI hasn’t reached overbought territory yet, analysts believe Cardano’s price will face less resistance towards the $1.28 level.
Lunex Network (LNEX) Smashes $3 Million Milestone in Explosive ICO
Lunex Network is already positioning itself as a market leader in the upcoming altseason by raising over $3 million during its ICO. This explosive momentum is all thanks to Lunex Network’s unique strategy to bridge the gap between isolated blockchains by combining the best aspects of decentralized and centralized trading. As more traders switch from ETH and ADA to Lunex Network’s viral presale, analysts are tipping at more than 1,800% ROI for LNEX’s early investors.
Retail and institutional investors are both flocking to Lunex Network’s presale because of the seamless trading features. With Lunex Network’s cross chain interoperability, traders can exchange 50,000+ cryptocurrencies across different blockchain networks at the lowest possible costs. To make things even better, Lunex Network is fully backed on Ethereum’s immutable blockhain which makes every transfer made on the platform completely secure and unchangeable.
Aside from the primary trading features, Lunex Network also offers secondary benefits such as a merchant payment gateway for institutional investors. By integrating this gateway on any existing website, business owners can receive crypto to fiat payments from customers around the world. Since Lunex Network is committed to increasing its real world adoption, the platform is also giving away 200 exclusive Lunex Cards to presale holders. With these cards, traders can use their crypto holdings to make fiat transactions anywhere.
Even with this state-of-the-art technology, Lunex Network’s native LNEX token is selling for a low price of just $0.0031 per token. As LNEX’s presale supply runs out, analysts are projecting another massive price jump for Lunex Network before the end of this week.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
*This article was paid for. Cryptonomist did not write the article or test the platform.
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