The upward movement of Bitcoin and the latest US election result caused liftoff in the crypto market. As BTC inches towards the $100k milestone, the prices of top altcoins have been rising up the charts in the past week. Experts say the growth could continue.
They forecast the prices of Solana (SOL) and Avalanche (AVAX) may pump to $300 and $70, respectively. Also, they believe Lunex Network (LNEX) could jump to $1 based on its unique platform that offers next-gen trading.
Solana (SOL) Could Reach New ATH of $300
Solana (SOL) has been consolidating between $186 and $222 in the past seven days. The altcoin began a massive rally last week. However, it has slowed down. Its gains have dropped on the weekly and monthly timeframes, per CoinMarketCap.
Nevertheless, the Solana coin could pull off a fast pump at any moment. Its technical indicators are bullish. The 14-day RSI is above the midline and is in the overbought zone. This position shows that buyers are very interested in the Solana crypto.
Also, the VWMA (10) is flashing a buy signal. These indicators bode well for the Solana price. Gum forecasts the value of Solana (SOL) could rise to $300 in the coming weeks.
Reaching this level would clear the current all-time high of $260.06 reached in 2021. Another analyst called Antho forecasts a price surge to $800, which is more than twice Gum’s prediction.
Avalanche (AVAX) Potential Targets: $70, $110, $180
The Avalanche coin has also shown resilience in the past week. Data from CoinMarketCap shows the value of the cryptocurrency has risen by 21.9% on the weekly level and 10% on the monthly chart.
The sentiment around the cryptocurrency’s technical indicators has improved since the beginning of the price pump. The Avalanche token is trading above the 200-SMA at $29.18.
Also, the 14-day RSI has crossed the midline and is heading for the overbought zone. These are all bullish signs, which bodes well for the altcoin. Alex Clay has posted three potential price targets for Avalanche (AVAX).
He posted a chart showing the Avalanche price rising to three levels. The first target is $70, while the second is $110. If AVAX reaches both levels, Alex Clay believes a rally to $180 could follow in the subsequent months.
Lunex Network (LNEX) Set for Rally To $1
Lunex Network (LNEX) is a relatively new DeFi project gaining a lot of attention because of its recent growth rate. $LNEX has increased from $0.0012 to $0.0021, and the project has already raised more than $2.25 million. As per current market trends, the experts estimate a potential rise to $1 in the future.
Another feature that might attract many users to Lunex is its absence of KYC requirements for users to trade. This approach preserves the user’s identity, hence fulfilling the desires of the user who does not want to reveal their identity when participating in DeFi activities.
Lunex Network also has RPC access to 65+ nodes, for dApps and developers to build applications on various blockchains in a versatile environment. Such infrastructure makes Lunex Network suitable for anyone who seeks to engage with or build a career in Web3. Lunex has a VIP plan so users can get such bonuses as cashback for transactions, improved staking, and AML checks of wallets.
This VIP service is oriented on the active traders who need to get more from their experience with extra bonuses and security options. Combined, Lunex Network’s strong focus on privacy, strong developer support, and numerous advanced user options make Lunex a strong contender in the DeFi space.
In Summary
Analysts expect the ongoing price surge to continue in the coming weeks. So, investors who are yet to join the market can consider Solana (SOL), Avalanche (AVAX), and Lunex Network for potential gains. Analysts have tagged them as the best cryptos to buy now.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: Join Lunex’s Growing Community
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.
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