Cardano (ADA) is in the spotlight as it hits the five-month high, following an increase of more than 75% over the last two weeks. Ripple (XRP) has also staged a good recovery, trading again at $0.60, and has created interest among investors again.
These actions show that the top altcoins are back in play and signal further questions about what the next big swings will be as we move to the next level of market expansion.
Cardano (ADA) Regains $0.6 Level
Cardano (ADA) hit a high of $0.63 on November 11 and has increased by 110% in the last 7 days. The cryptocurrency has recorded low trading volumes in 2024 as the US regulators stepped up their crackdown on the coin.
The securities regulator had referred to the Cardano ADA as a security, causing panic among investors. Meanwhile, on-chain metrics indicate that the current uptrend is being powered by short investors who expect a favorable regulatory environment under the Trump administration.
Data from CoinMarketCap shows the value of the Cardano crypto has faced correction. However, it is still up 79.0% on the weekly timeframe and 75.2% on the biweekly chart.
The altcoin price is currently trading above the 200-SMA ($0.402206), which is a bullish sign. Also, Cardano’s (ADA) 14-day RSI has crossed the 80 mark, which is a sign of increased buying pressure.
Lucky forecasts the value of the Cardano coin may rally to $0.8 in the coming months. According to him, the network’s ongoing developments for scalability and decentralization could lead to huge adoption and a potential price surge.
Ripple (XRP) Crosses $0.6, Analysts Weigh in on Next Price Targets
Ripple (XRP) is also one of the top crypto coins in the coming weeks. The price of the token pumped to a peak of $0.61 after trading below the $0.5 level for weeks.
The recent upsurge comes as the cryptocurrency community expects a price rally to occur following the electoral victory of US President-elect Donald Trump. With the latest election, the ongoing Ripple-SEC case could finally come to an end.
CoinMarketCap price data is showing profits of 15.1% on the weekly timeframe and 8.8% on the monthly level. Based on bullish indicators like the 14-day RSI and VWMA (10), the Ripple XRP could climb higher in the next few days.
Dark Defender predicts a short-term price target of $0.66 in the next few days. Other analysts like Rubel Wave give potential targets of $0.75 and $0.80 for the Ripple token. Another analyst, Good Morning Crypto, gives a possible value of $1.406.
Daron says the price of the Ripple coin could pump to $6 in the coming months. This is close to the forecast of Altcoin Daily, which expects $5 in 2025.
Lunex Network (LNEX): The Best DeFi Project To Trade and Store Digital Currencies
Lunex Network (LNEX) is a decentralized platform designed for users who want to store, manage, and swap assets anonymously, quickly, and safely. Being an open software project, Lunex is a non-custodial platform, which means users have full ownership of their private key. This approach is relevant for those traders who value their anonymity, as Lunex does not require KYC checks.
Lunex Network also has cross-chain capabilities, and over 50,000 tokens can be exchanged within different blockchains. Moreover, $LNEX token holders could earn up to 18% APY staking rewards when they lock their coins for at least 30 days. The DeFi cryptocurrency is currently up for sale at $0.0021 with 1,421B tokens sold. Analysts forecast a price surge of 1800% could occur in the coming months.
Lunex Pro, a paid version of this platform, has features like cashback on the transaction and AML check, which also protects the interaction. In total, Lunex Network is an effective solution in the DeFi market that can satisfy users with no experience in cryptocurrencies and experienced traders.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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