While 2024 is winding down, some top altcoins in the crypto industry are hitting up with increasing bullish momentum. Cryptocurrencies like the Cardano token have rallied to a 2-year price high in a matter of months, but how far can the uptrend reach?
Similarly, Tron remains bullish despite embarking on a notable price retest, which saw it relinquish up to 30% of its peak price in days. On the other hand, the presale of Lunex Network (LNEX) is consolidating its already growing popularity and has recently recorded another significant milestone.
Bullish Analysts Hopeful of a $12 Market Target for Cardano
Since the start of November, Cardano (ADA) has triggered an extended bullish trajectory. This development has seen the token gain over 93% within the past month, as noticed on the Cardano price chart in CoinMarketCap. As such, Cardano’s price growth within that time frame has pushed it beyond the $1 mark for the first time since April 2022.
Reacting to the significant bull run of the Cardano crypto, CryptoELITES, a crypto analyst on the X platform, is bullish on the prospect of the token reaching $12. The analyst made this known in an X post, displaying a chart on how the Cardano token can reach the $12 target.
Ali Charts, another top analyst, suggested in an earlier tweet that the ADA token could hit $4 – $6 very soon as it is following the 2020 pattern. Despite encountering a slight price retest, Cardano has maintained its support above the $1 mark. The 30-day SMA stands at $0.980, signaling a healthy price trajectory ahead of the potential extension of the bullish trend.
Tron Token Undergoes Price Retest after Setting a New ATH
On December 4th, Tron rallied to $0.44, establishing a new all-time price high. This development was made possible after Tron’s price gained over 158% within a month, according to CoinMarketCap. However, the Tron token briefly lost about 30% of its peak price in a price retest.
Stats show that the market has since embarked on a recovery as the Tron token looks to establish support above the $0.30 threshold. The token retains its stand in the top 10 tokens by market cap with a valuation of $26 billion. According to Crypto Druggist, Tron’s price is breaking out, which could lead to a retest of the $0.42 mark in the coming days.
Given that Tron’s 30-day Simple Moving Average (SMA) is at a healthy $0.23, the brief retracement window has created a buy zone opportunity for investors to acquire the token ahead of a likely bullish momentum. With the bullish market sentiment and rising market activity, the Tron crypto will close in on $1 before the end of the altcoin season.
Lunex Network to Revolutionize DeFi Transaction
Lunex Network (LNEX) is entering the DeFi industry with a clear goal of making transactions seamless, secure, and cost-effective. The project harbors advanced trading features, allowing traders to spot trade over 50k crypto pairs across chains while ensuring high-end privacy. Unlike other exchanges with KYC checks, Lunex Network doesn’t require such or wallet linking.
The fact that individuals can earn passive income through the staking and revenue-sharing model is why investors are rushing to invest in the Lunex Network project. So far, the Lunex Network presale has raised over $5 million in cryptocurrency ICO funding, having sold more than 2.2 billion LNEX tokens, making it one of the top crypto coins in presale.
Sold for just $0.0044, investors have the opportunity to join the project at this early stage. Thanks to the surging momentum and growing demand for the LNEX token, early investors have already generated over 260% in ROI. Given that all listing fees in the trading exchange will be paid in LNEX, the demand for the token will likely push it to $1 in the coming weeks.
Outside that, holding the token alone gives users access to transaction discounts. The platform also supports multicurrency staking, allowing traders to stake cryptos like Bitcoin. Traders can also use cryptos as collateral to obtain short-term loans in fiat and USDT. With a growth projection of over 50x, new investors can be confident of significant returns in the near future.
Choosing the Best Coin Between ADA, TRX and Lunex Network
Cardano and Tron may both be on a rallying trajectory, but the biggest gainers are the early investors of the token. That is why you should leverage the opportunity that Lunex Network is presenting to become an early investor and position yourself for potential exponential growth. With the advanced trading features, the LNEX market cap might hit $100M in Q1 2025, pushing the price close to $0.50.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Credit: Source link
