Two of the top performers in the market that have been lagging behind are Cardano (ADA) and Ripple (XRP). However, ADA has formed a bullish pattern and it has managed to breakout, whereas Crypto Patel has mentioned that XRP is trading inside the symmetrical triangle breakout pattern.
However, Lunex Network (LNEX) has been the most impressive in the market, soaring by 58%. Analysts believe that the DeFi coin could surge by up to 18x. Some analysts raised the possibility that its revolutionary exchange platform could help to ensure further such price hikes in the future.
Cardano (ADA) Pumps 35%, Eyes Breakout To $0.54
Since testing the $0.320 support level, Cardano (ADA) has been on a strong uptrend. According to CoinMarketCap’s data, the price of ADA has increased by up to 35% to reach $0.435 for the first time since July.
The recent price movement of the Cardano coin confirms a trend reversal. In addition, Cardano’s (ADA) technical indicators are all pointing towards a strong buy. The price pump above $0.430 has helped ADA exceed the 200-day EMA.
Also, the uptick in the 50-day EMA teases a bullish crossover with the 100-day EMA. The price target if this happens is the $0.540 resistance. However, Crypto Patel has a more bullish forecast for the Cardano crypto. According to his analysis, ADA could experience a massive price pump to $3.070 for a new ATH.
Ripple (XRP) Attempts To Breakout of Symetrical Triangle
The Ripple coin is now attempting a major recovery across all timeframes on CoinMarketCap. XRP has gained 6.5% on the weekly chart and now trades above $0.550 for the first time since October.
According to Crypto Patel, the Ripple price is on the verge of breaking out of a symmetrical triangle formation. According to his prediction, if XRP experiences a strong breakout above $0.6639 and closes above the pattern resistance, it will confirm the pattern break.
If this happens, Crypto Patel says the Ripple token will be primed for a major bullish outbreak. From $0.6639, the Ripple (XRP) price will look to rally toward $1.4065, which will serve as the primary resistance/target level for the coming rally.
Lunex Network’s (LNEX) Outshines Ripple (XRP) and Cardano (ADA)
The Lunex Network (LNEX) is becoming a top player in the DeFi market. The altcoin has been one of the top performers in the market, rising by 60% in the past few weeks to reach a new high of $0.002 per coin. Also, the trust in the project has grown, as the project has gathered more than $2 million in investments.
There has been a lot of excitement around Lunex Network because it is a decentralized swap platform that allows users to exchange assets across many blockchains without asking for KYC. Besides, users have full custody of their funds and private keys. The interface is also simple and can afford fast, cheap trades, making it easier for the user to navigate the world of cryptocurrency.
In addition, Lunex Network has a revenue-sharing system. As the platform expands, it uses part of its revenue to purchase LNEX tokens in the market. 50% will be distributed to token holders through staking bonuses, while the rest is kept for other activities.
This structure does not only incentivize active users but also contributes to maintaining the value of LNEX through demand-shaping for the token. Because of the rapid expansion of the project, analysts believe that the DeFi token may increase by 18x, which makes it a more attractive option for investors seeking to make gains in the coming months over Cardano (ADA) and Ripple (XRP) that are looking more bullish than they have in months.
You can find more information about Lunex Network (LNEX) here:
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