There is widespread optimism about cryptos as the market is now in a bull season. Some experts say that while the market is undergoing a correction, Avalanche (AVAX) could reach $80 in this bull cycle. The same applies to Sui (SUI), which has already gained significant traction, primarily due to its DEX trading volume exceeding $32 billion.
At the same time, Lunex Network (LNEX) is on course to raise over $5 million in funding this year. The DeFi project has already raised over $3.2 million from investors who are buying into its future for crypto trading.
Avalanche (AVAX) Battle With Bears, Struggles At Key Resistance Level
The Avalanche coin is struggling with bearish pressure at the daily level. Price information from CoinMarketCap reveals there is an immediate resistance at $44.63. Crossing this level could push Avalanche (AVAX) to new price levels.
Crypto Winkle says the MACD and EMA are bullish. Based on the technical analysis, the analyst expects the Avalanche price to reach $42. If there is a bullish uptrend, the cryptocurrency could rise to $51.
Another expert called Daghan Ozdemir gave a higher price forecast of $80-130. In the meantime, the Avalanche crypto is trading between $32.82 and $46.64 on the monthly chart.
There is a profit of 19.0% on the 7-day chart and a gain of 62.6% on the 30days timeframe. The coin’s market cap is consolidating between $13 billion and $19 billion on the 7-day chart.
Sui (SUI) Retains Bullish Trend on Higher Timeframes
The Sui token has suffered from the correction that is sweeping across the entire market. Price information from CoinMarketCap shows the value of Sui (SUI) had dropped by 13.9% in the weekly timeframe.
However, the Solana Killer is still living up to its name. Sui has profits of 6.2% on the 14days chart and 78.4% on the 30days level. In addition to price gains, other on-chain metrics have seen massive growth.
Torero Romero tweeted that the Sui network has reached a DEX trading volume of $32 billion. Meanwhile, the platform has partnered with Lombard, Babylon Labs, and Cubist to bring Bitcoin to the Sui ecosystem.
These moves are pointing towards a price surge. Vella Crypto expects the value of the Sui coin to reach $3.72-3.90. However, a price drop below $2.78 could invalidate the prediction. SUI’s 14-day RSI is above the midline and supports a small rally.
Lunex Network (LNEX) Could Reshape the Future of Crypto Trading
Lunex Network (LNEX) is the new project bringing a non-custodial, privacy-oriented solution to the DeFi market. Being a decentralized platform, Lunex lets users exchange and keep their assets without having to rely on a third party. This approach helps users to fully own their cryptos and helps minimize risk, associated with centralized exchanges.
Another strength of the platform is the lack of requirement for users to undergo the KYC process which stands for ‘Know Your Customer’. Lunex is quite unique compared to other platforms; it doesn’t require the user to provide identification and thus trades anonymously. This is suitable for traders who would like to keep their business very private and personal and would not wish to share their details with third parties.
Also, Lunex functions based on a special system of revenue sharing. A certain percentage of the earnings are used to purchase $LNEX tokens from the market to decrease the circulating supply and make the token more valuable; 50% of the earnings are paid to stakers in rewards with up to 18% APY. The remaining revenue is kept for further platform incentives, creating a sustainable and rewarding ecosystem for all users.
Currently in its presale phase, Lunex has already raised over $3.2 million, with the $LNEX token trading at $0.0031. Analysts predict the token could see a significant price increase, with a potential 18x surge by Q1 2025, making LNEX an attractive crypto to buy for investors looking for strong returns.
Final Thoughts
Avalanche (AVAX) is aiming for $80 while Sui’s (SUI) on-chain indicators, like the trading volume, have skyrocketed. Meanwhile, Lunex Network is gaining more traction with its ongoing blockchain ICO. Analysts expect gains to follow in the coming weeks.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
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