With Bitcoin (BTC) looking very likely to reach $100k soon, there is a lot of positive sentiment in the crypto market right now. Many top altcoins are making another attempt to break previous resistances. Cardano (ADA) is aiming to reach the $1 mark like Ripple.
Also, Sui (SUI) is targeting the $4 mark. Meanwhile, Lunex Network could erase one zero in the coming months. The DeFi project is currently gaining traction in the presale phase, raising over $2.9 million. The LNEX DeFi coin has also skyrocketed to $0.0012 to $0.0026.
Cardano (ADA) Holds Above $0.70, Aims for New Price Target
Cardano (ADA) has suffered some losses in the past few days. The Cardano coin recorded a major pump from a monthly low of $0.32 to trade as high as $0.7752, per CoinMarketCap’s data. However, bears have stopped ADA from reaching the $1 mark.
Nevertheless, analysts remain optimistic. They believe a turnaround could occur in the coming weeks. Moreover, most of ADA’s technical indicators are bullish. The cryptocurrency’s Fear and Greed Index is showing Extreme Greed.
Also, the relative strength index is above the midline, a sign that more buyers are in the market. These indicators point to a bullish Cardano price movement in the future.
Sssebi forecasts the value of the Cardano crypto could pump past $0.9 in the coming weeks. Another analyst called Tuna Kaya expects a price target of $2.4 soon.
Sui (SUI) Targets $4
Sui (SUI) has been on an uptrend in the past few weeks. Data from CoinMarketCap shows the value of the altcoin has increased by 23.6% in the weekly timeframe. In addition to price, the market cap of the Sui coin has risen during this period.
SUI is currently consolidating around the $8-$11 billion range. In terms of price movement, the Sui crypto is close to the $4 level. The Sui token tried to breach the level on November 17 but met with resistance around the $3.90 region.
The technical indicators of SUI are still bullish despite the recent correction. Sui’s (SUI) relative strength index is above 80, which is the overbought region. This is a bullish signal that hints at a potential rally soon.
Karl forecast the value of the Sui cryptocurrency could rise to $4.2 in the short term. If the rally continues, the analyst argues it may reach $6.2.
Lunex Network (LNEX) Offers Fast Transactions At Low Cost
Lunex Network (LNEX) is a new DeFi platform that has come with different features to make trading easy. To address the issues that are in the DeFi space, Lunex focuses on low fees, fast transactions, and compatibility with other chains that will be beneficial for both new and old users.
Another advantage of Lunex is that cost has been kept low in order to enable the users to achieve high profit margins. Unlike many other platforms where traders are charged transaction fees, Lunex assists traders in maximizing every transaction without incurring many costs. This focus on cost is advantageous to users because it allows for more frequent trading, which is helpful for high-volume traders.
The last feature of Lunex Network is its high speed. Lunex utilizes the most advanced technology in the blockchain to provide very high transaction throughput to meet market changes in real time. This is because quick actions can make or break the business, and this is why there is a lot of emphasis placed on decision-making.
The LNEX token is priced at $0.0026, following its impressive rally from $0.0012. Analysts expect the price to increase 10x in the future. In conclusion, Lunex is a DeFi solution that fits today’s traders’ needs. It provides low charges and quick transfers. As more people enter Lunex, it is now clear that LNEX could be among the best DeFi coins in the future.
Final Words
The crypto community is currently watching Sui (SUI), Cardano (ADA), and Lunex Network. Their price movement in the past few weeks has been overwhelming. So, analysts have posted bullish forecasts for the altcoins. Smart investors are already buying into the presale token, Lunex Network.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.