Cardano (ADA) recently put a spotlight on the crypto market when it skyrocketed from $0.31 to $1.3 for the first time since 2021. Tron (TRX) has matched ADA’s incredible price pump and pumped by more than 100% to set a new all-around record. time high (ATH).
As TRX holders celebrate their first ATH in over seven years, there’s a new competitor, Lunex Network (LNEX)is set for a bigger price pump. While LNEX has been pumping 200%Analysts believe that there will be a bigger increase of up to 18x in this bull run.
Tron (TRX) rises to new record
Amidst the increased bullish sentiment among altcoins, Tron coin stood out with a massive 100% price pump, per CoinMarketCap. As TRX rose to over $0.4407, the altcoin also saw a massive increase in its trading volume of over $14.7 billion.
While this is the first time in over seven years that the Tron crypto has set a new ATH, there is disagreement about where the altcoin price could go. According to MMCryptoTRX could see a massive decline as it has fallen below the key support level around $0.3750.
However, Team LAMBO does have that said that $TRX could be in the early stages of forming a massive bull flag. According to the data, the bottom of the trendline for the Tron token to be defended is at $0.35 – 0.36. A breakout above USD 0.42 could lead to a rally towards USD 0.60.
Price pump could take Cardano (ADA) to $3
Before the massive TRX price pump, Cardano (ADA) led the top altcoins in gains. From a monthly low of $0.325, Cardano price shot up to trade above $1.3 for the first time since early 2021. While the ADA has dropped to the $1.20 price range, per CoinMarketCapAnalysts believe the altcoin could expand its gains soon.
According to Jupiter, the Cardano coin will be “absolutely BERSERK this cycle” and could rise to $3 due to its extensive ecosystem built to serve retail and institutional customers. The recent milestone achieved by the Cardano network is one of the reasons why crypto experts are very optimistic about ADA.
According to Dan Gambardello, the TPS of Cardano’s Hydra is ordinary crossed 1 million and “has only just begun.” Furthermore, the unique active addresses on the network have surpassed 100,000 unique wallets Benjamin Cows.
High investor interest in fueling the 18x Lunex Network (LNEX) price pump
Interested in Lunex Network (LNEX)the native coin of the new trading platform, has been growing steadily in recent weeks. The DeFi project has raised more than $4.5 million from investors as a result. There is huge interest in the LNEX coin as stakers can get up to 18% APY.
What Lunex Network wants to do is create a trading and exchange platform for cryptocurrencies at low costs via multiple blockchains such as Ethereum and Solana. This fast and cheap way to switch between multiple chains is the reason there is great interest in Lunex Network.
The Lunex ecosystem also features a B2B payment gateway for merchants that allows businesses to accept cryptocurrency and easily convert it to fiat in real-time. The Lunex network also has a service called Lunex Pro.
This is the paid version of this platform and it offers advanced trading tools and analysis tools to help both novice and seasoned traders make better decisions. The LNEX coin has also kept pace with that of $TRX and $ADA, rising by more than 200% to reach the current price of $0.0038.
In summary
Although Tron (TRX) has been able to match Cardano’s (ADA) recent price pump, holding the $0.35-$0.36 support level will be key to extending gains in the coming weeks. Meanwhile, as the Lunex ecosystem expands, experts are confident that the LNEX coin can register a price pump of 18x.
More information about Lunex Network (LNEX) can be found here:
Website: https://lunexnetwork.com
Social contacts: https://linktr.ee/lunexnetwork