Ethereum is an industry behemoth in the cryptocurrency space, though many investors are growing tired of Ethereum high gas fees and laboriously slow TPS speeds.
This has led to diminishing hype, though Ethereum is still expected to surpass previous all-time-highs this cycle, and ETH tokens like Lunex Network could experience substantial growth. Here’s the rundown.
Ethereum Continues To Succumb To Diminishing Hype In 2024
Despite its status as the top layer-1 blockchain, Ethereum is losing favor among crypto investors due to its technological drawbacks. Some analysts believe that Ethereum is experiencing a ‘slow death’, and Ethereum is vulnerable to being usepred by its counterparts like Solana and Sui in the long-term.
Bearish sentiment on Ethereum has eased slightly, now sitting at 47% on CoinMarketCap compared to 70% from October. Meanwhile, Ethereum ETFs are beginning to roll out into the market, which could provide some bullish momentum for Ethereum in the short-term.
The Likelihood Of A New Ethereum All-Time-High Remains High
Ethereum’s potential to achieve new all-time highs in this cycle is widely acknowledged by analysts. Increasing institutional adoption could render this bull market significantly larger than the infamous 2021 run, and Ethereum is likely to maintain its position as the leading layer-1 blockchain despite its drawbacks and waning enthusiasm.
Technical analysis suggests Ethereum could peak at around $5,500 during this bull run. More bullish projections place Ethereum’s ceiling between $6,000 and $8,000, while bearish forecasts see it topping out closer to $5,000, citing doubts about its long-term sustainability against newer, more efficient competitors. While some experts assert that Ethereum could peak out at $10,000, Ethereum is more likely to surge 2-3x from here.
Look No Further For Imminent 10x Returns: Why Lunex Network Is Set To Rally By 100% In December
Lunex Network is rapidly emerging as a key player in the DeFi DEX-swapping market, making it one of the most in-demand ICOs currently available. By offering a non-custodial trading environment, Lunex ensures that users maintain full control over their private keys and assets, setting itself apart from traditional centralized exchanges. This provides an added layer of security for traders, and with zero cumbersome KYC requirements, users can trade without supplying personal identification like a driver’s license.
The platform also offers swapping across over 50,000 assets, facilitating seamless trades across multiple blockchains, including Ethereum and Solana. Moreover, Lunex streamlines the trading experience further by removing the need for third-party wallets such as MetaMask and PhantomWallet, making the entire process faster and more efficient while reducing the risks associated with wallet integration.
As part of the platform’s revenue-sharing strategy, Lunex Network utilizes a portion of its profits to buy back LNEX tokens. Half of these tokens are redistributed to token holders and the other half is allocated to staking rewards. This approach guarantees a steady passive income stream for participants, with staking APYs of up to 18%. Combined with Lunex’s deflationary tokenomics, which involve regular token burns and a fixed supply of 8 billion tokens, LNEX’s value is poised to grow as demand naturally increases over time.
With the presale price set at $0.0028 during Lunex Network’s tentative run, LNEX looks poised to achieve monumental 800% growth and 100x profits this year. Act fast for rampant returns!
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.
