Since the price pump above $1, whales have shown increased attention and confidence in Cardano (ADA), buying more than $130 million. But that is not all – these whales are also interested in a new coin, Lunex Network (LNEX), which is attracting the attention of investors in the industry.
Analysts believe Lunex could be the next gem that will lead the next price pump in the market. The DeFi coin is in the presale phase and has seen an increase of more than 210%, outperforming some top crypto coins.
What you'll learn 👉
Cardano (ADA) Set for Another Rally As Whale Activity Rises
The Cardano coin has produced an impressive run in the past month. It soared from a low of $0.33 to a peak of $1.12. This is a fresh breath of air given Cardano (ADA) had been trading in a bearish trend.
The Cardano price is currently bullish on the charts, according to CoinMarketCap. On the 7-day chart, there is a profit of 24.0%. On the 30days time frame, the cryptocurrency is up 203.0%.
Looking forward, the whale movement reveals the DeFi token might be gearing up for another rally. Ali Charts revealed that whales bought over $130 million ADA during the recent price dip.
Also, most of the coin’s technical indicators are in the buying territory. The RSI, for instance, is in the overbought zone, which is a sign of high buying pressure.
The Fear and Greed Index is also showing Extreme Greed which means investors are not backing down anytime soon. If this buying activity continues, Cardano ADA could soar to new levels soon.
Some analysts expect the altcoin to reach $1.50 or even more in the short term. Others predict the value of Cardano (ADA) could reach $2. Mr Brownstone forecasts the token’s price could reach $5.5 in the coming months. Rektcapital told his followers the value of ADA might reach $3 based on historical data.
Why Lunex Network (LNEX) is a Top Project Set for Massive Increase
Lunex Network is a promising project that can bring advantages such as anonymity and security to decentralized finance (DeFi). Over time, the DeFi industry has grown, and Lunex is one of the few platforms that do not hold users’ funds and private keys. This not only increases security but also privacy since the platform does not ask for KYC (Know Your Customer) verification.
This is important for traders who want to carry out trade activities without compromising their identity. This respect for anonymity makes Lunex Network a good platform that promotes the goals of decentralization. Besides the respect for privacy, Lunex Network offers a staking service through which the $LNEX token holders can earn a passive income.
To encourage more usage of the platform, users can stake their tokens and earn up to 18% APY. The principle that is used here is the revenue sharing model, which guarantees that a part of the profits from Lunex is given to stakers, meaning it is a passive income opportunity for long-term users.
Lunex is still in the presale phase and has already attracted more than $3.8 million, with the token costing $0.0033. Experts are predicting a possible 18x growth in the coming months due to the popularity of Lunex’s presale. With high growth prospects, Lunex Network is preparing to become one of the leaders in the DeFi market.
Conclusion
As whales accumulate Cardano (ADA) and target Lunex Network, the market is set for some significant shifts. Experts believe the recent gains are just a glimpse of the huge gains that are to come. Such potential makes these altcoins the best to buy now before the expected rally begins.
You can find more information about Lunex Network (LNEX) here:
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