After the resurgence of the crypto market some weeks ago, there has been renewed optimism among investors towards the market. While Daan Crypto Trade observes many altcoins recovering, their RSI indicates no strong bullish momentum on higher timeframes. However, the expert also believes when these coins start moving upward, there will be much room for them.
While Avalanche and Tron show signs of a resurgence, they may not likely match Lunex Network, which is expected to make significant strides in Q1 2025. Lunex Network is introducing a next-generation DeFi crypto exchange aimed at addressing the current challenges in the DeFi space. More details are below.
Experts Predict Significant Growth for Lunex Network by 2025
Lunex Network is already gaining traction in the market within a few weeks of launching the presale. What is driving the rush for the LNEX coin? According to the white paper, Lunex Network is coming up with solutions to major issues encountered in DEX exchanges like Uniswap and Pancakeswap. Outside of allowing for the trading and swapping of assets, all orders are processed via smart contracts instead of AMM.
Also, individuals can trade over 50,000 trading pairs across multiple blockchains at low fees, solving high transaction fee issues encountered in DEX. Unlike other casino platforms, Lunex Network will provide better liquidity, allowing users to use the non-custodial Lunex Network wallet to buy, sell, and swap cryptos seamlessly, all from one account.
Notably, Lunex Network is the world’s first community-backed DeFi protocol that allows token holders to receive a percentage of the platform’s revenue. Based on this, a percentage of the revenue will be used to buy back the tokens from the open market and distribute them to LNEX holders, promoting community engagement. Users are also given a discount on transactions.
Worthy of mention is the no-KYC model. Unlike other exchanges, you don’t need to connect wallets like Trust Wallet. All you need to do is add the receiving address. At the ongoing presale, experts believe that Lunex Network’s features will drive its adoption. Currently sold for $0.0015 during stage 3 of the presale, analysts see strong potential for growth in 2025, making now a great time to consider accumulating it
Traders Await Avalanche Breakout Amidst Mixed Signals
Avalanche (AVAX) price has been fluctuating between $24 and $29 in the past couple of weeks. While it grew by 8% in the past month, it lost 1% some days ago, according to CoinMarketCap.
Zayk Charts, a crypto expert while monitoring the Avalanche price chart observed the falling wedge breakout has occurred with the retest completed. As such, Zayk believes the Avalanche token is ready to take off now. Moreover, the Avalanche coin has recorded a modest 14 green days in the past month.
With the 14-day RSI still below 50, not yet in the overbought zone, the coin has a high chance of resurgence. So far, Avalanche crypto is trading above the 50-day SMA but still below the 200-day SMA. If the coin can stay within the $25 support zone, it has a good chance of heading towards the $30 mark. Despite this mixed outlook, experts are positive in the long term.
TRON’s Token Burn Sparks Speculation of Bull Rally
Tron (TRX) is still trying to break out despite several attempts some days ago. To stabilize Tron’s price, more than 10 million tokens were burned on October 9, as per the Tron Community. Although there is a negative production ratio of 5.2M, Tron seems to be committed to value growth.
According to crypto expert, Confirm signals, the Tron price has been supported by a trendline beneath the daily chart. The expert claims that if the Tron coin stays above the trendline, it could break out above $0.165 and pump towards $0.195.
However, a look at the Tron technical analysis shows a price volatility of 1%. Also, while Tron’s market sentiment is bullish, its fear and greed index is 29 (Fear). This means investors’ confidence is still low. As such, Coincodex believes the price of Tron will dip by 5% in the short term. Tron will need to clear the $0.16 zone to confirm bullish momentum.
Are These the Best Crypto Investment Options this year?
There is still time to make good money this year in cryptocurrency. For traders, enthusiasts, and investors looking for crypto with high potential in the short and long term, presale tokens like LNEX could be a better option considering the surging interest in the exchange token.
You can find more information about Lunex Network (LNEX) here:
