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Amid the bullish mood after Bitcoin’s recovery, Cardano and XRP gained momentum, with Lunex Network’s pre-sale exceeding $1 million.
Cardano (ADA) and XRP (XRP) are showing signs of potential upside and are attracting investor attention. The recent price increase reflects broad bullish sentiment across the cryptocurrency industry following Bitcoin’s price recovery. This move has brought new confidence to the market, with various cryptocurrencies including Cardano and XRP benefiting from the change in sentiment.
Meanwhile, Lunex Network’s presales continue to heat up. Its unique cross-sectional transactions have attracted significant investor interest. They have already raised over $1 million and achieved a 25% ROI on the third stage of their presale campaign. Therefore, experts believe that this new project has the potential to bring significant profits during the bull market.
Lunex Network: A new change in crypto trading
DEX cryptos tend to grow during market hype, and Lunex Network’s interoperability features and accessibility position new projects for growth. A hybrid transversal exchange is introduced, allowing users to quickly trade over 50,000 assets with minimal fees. Another notable feature is the elimination of KYC protocols, which will appeal to traders and investors who prioritize privacy and a seamless trading process.
Lunex Network eliminates the need for third-party wallets like PhantomWallet and reduces the risks associated with wallet integration. Additionally, we leverage our deep liquidity pool to ensure tight spreads and zero slippage during trades. This enables fast and efficient trading that was never possible with traditional DEXs. Combine this with an additional revenue sharing model, and experts predict that Lunex could reshape the competitive landscape for crypto exchanges.
In the Stage 4 presale, LNEX tokens are being sold for $0.0017. Analysts believe this project has the potential to become the next 100x cryptocurrency after launch. Investors who join the LNEX community early could reap big profits, as market experts suggest another 1800% rise by the end of 2024. Therefore, a bull market is the perfect time for this token to go wild.
Cardano Price Analysis: Could ADA Reach $0.50 Soon?
Cardano has faced multiple resistances since hitting a year-to-date high of $0.77 in March, with the most recent levels forming around $0.40. Over the past few months, the ADA token has found strong support around the $0.33 level, but the relative strength index has declined to 50. This reflects the possibility that ADA coin is losing its current footing. If this happens, Avalanche and Shiba Inu tokens could flip Cardano’s market cap, which is around the $12 billion mark.
Historically, Cardano holders have been known to tend to sell in moments of volatility, but these investors have shown an unexpected change in attitude. This change in sentiment could push Cardano through the key level of $0.50, which could be the start of a more sustained uptrend.
Cardano technical indicators are pointing to a possible breakout. The altcoin is approaching above the leading span A on the 1-day chart, highlighting that it is poised to overcome the resistance level that was causing selling pressure.
If the ADA token breaks above Leading Span A, it could aim for the next target, Leading Span B. This propels Cardano’s price towards a 32% increase, pushing its value to around $0.50. However, if the bullish momentum weakens, ADA coin could fall and retreat below the initial resistance level to $0.27.
Interestingly, the strength of Cardano short-term holders and its key technical indicators will play a key role in determining whether ADA can break above $0.50 in the short term.
Is it possible for XRP price to reach $2 after Ripple’s RLUSD launch?
Ripple’s recent announcement of its RLUSD stablecoin has sparked discussion about the potential impact on XRP price. Some analysts believe that the launch of RLUSD is likely to have a similar impact, similar to how the SEC vs. Ripple lawsuit caused massive volatility and an upside move.
XRP technical indicators suggest positive sentiment with the XRP token targeting the $1 mark in the short term. Its daily XRP price chart shows movement within the annual volume-weighted price average (VWAP) by one standard deviation. The center blue line for annual VWAP and the green lines on either side are 1 deviation apart. At the moment, XRP price is trading below the annual VWAP at $0.561 and just below the daily resistance at $0.556.
Once the RLUSD stablecoin is launched, a breakout above the aforementioned levels is possible. The first critical point will be $0.635. Once this barrier is crossed, crypto enthusiasts will focus on the psychological level of $1. However, if volatility increases significantly, the price of XRP could easily surpass these short-term resistance barriers and reach the $2 level.
Can Lunex Network outperform XRP and Cardano in the race to $1?
Cardano and XRP have struggled to keep up with the rapidly evolving crypto industry, but the unique capabilities of the Lunex Network could see the altcoin reach $1 soon. For example, its deflationary tokenomics allows Lunex to maintain long-term value appreciation.
For more information, please visit the Lunex Network official website or join our online community for the latest updates.
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