Ripple Labs announced a tokenized money market fund launch in partnership with Archax and a UK-based asset manager known as ABRDN. This unique initiative marks a significant step in enhancing institution-based DeFi for the Ripple ecosystem, as it targets the $5 region. Moreover, Cardano has made history with its first ZK smart contract.
According to dcSpark co-founder Sebastien Guillemot, the first Zero Knowledge smart contract has been deployed on Cardano Mainnet, marking the start of an era in ZK applications within the popular blockchain network. This comes as Lunex Network eyes another price surge that could see the token move from $0.0033 to $0.0038.
Lunex Network Targets Another Price Increase
Lunex Network has been setting new weekly records with explosive presale momentum. This week, the project hit over $3.8M in presale revenue, a testament to its future potential. Moreover, the LNEX price is also eyeing another surge that will push it to the $0.0038 target in a few days.
The best part about investing in Lunex Network early is that investors will receive the LNEX holding instantly. You can add the token to the project’s staking pool and earn APY through Lunex Network’s revenue-sharing model. With Lunex Network paying staking rewards in as little as 30 days, presale investors can enjoy high ROIs before the project’s official launch.
Moreover, its unique DeFi feature, including cross-chain swaps of over 50K assets and enhanced security, showcases Lunex Network’s commitment to revolutionizing the DeFi space. This move has also seen the project attract major investors across the globe.
Ripple Price Prediction: Will XRP Hit $5?
Ripple broke through the $1.4 resistance zone to hit its yearly high of $1.61. However, despite its strong momentum, the overbought RSI suggests a short-term pullback or consolidation could happen. This potential correction might provide a buying opportunity before the next breakout.
Despite a tough year, XRP’s price performance bounced back with a monthly surge of over 180%. The XRP price momentum has also been fueled by Gensler’s announcement that he will be stepping down from the SEC chair position and its recent partnerships with Archax and ABRDN.
Ripple’s exponential moving averages also indicate strong bullish momentum in the short and long term. The token could see the $5 region supported by the Average Directional Index and Moving Average Convergence Divergence, which suggests that the upward trend for the XRP price will continue.
Cardano (ADA) Price Analysis
The Cardano price has created three successive bullish weekly candlesticks in November, reaching a 959-day high of $1.15. This surge pushed the Cardano price to its long-term resistance of $1.15, which was later rejected.
The price of Cardano increased without any visible pullbacks until November 24, hitting its highest price since April 2022. However, a rejection at its key resistance level led to the price of Cardano dipping to around $0.94.
Still, ADA’s technical indicators remain bullish. The weekly RSI and MACD generated bullish divergences before the ADA price breakout and are still increasing. Its recent ZK smart contract is also set to push its price even higher, targeting to reclaim the $1.15 resistance region.
Must-Watch Cryptos: XRP, ADA, and LNEX
Q4 has seen these three cryptos record impressive price performance. Ripple has managed to record new highs, and its momentum is set to continue throughout the year. Cardano has also seen impressive value growth, and Lunex Network is eyeing another gain in a few days.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: Link Tree
