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Ethereum (ETH) rose from $1,600 to $4,000 in about five months. This happened from the fourth quarter of 2023 to the first quarter of 2024. However, early Ethereum (ETH) buyers a few years ago would have earned up to 10x. Now, expert analysts who benefited from Ethereum (ETH)'s early gains are predicting similar gains for two other altcoins.
According to this expert, investors have the potential to reap exponential profits from new DeFi protocols called Avalanche (AVAX) and Lunex Network (LNEX). While Avalanche (AVAX) gradually rises, Lunex Network is gaining buzz among investors for its innovative features that simplify DeFi and a thriving pre-sale that has already raised over $1.5 million in less than a month is calling.
Lunex Network positively impacts DeFi
An interesting initiative aimed at strengthening decentralized finance is the Lunex Network. Although the DeFi sector is rapidly expanding and is expected to be worth more than $497 billion by 2032, there are some issues that need attention. Lunex Network provides solutions to some of these challenges.
If you're in DeFi, you've probably seen the stress and added costs associated with switching platforms for cross-chain trading. Now, you don't have to worry anymore, as Lunex Network links all the separate blockchains and also offers non-custodial transactions. So you can perform all your transactions in one place.
Built on Ethereum, Lunex Network's innovative Web 3 exchange offers a unique combination of low-fee and secure cryptocurrency trading through an automated market maker model. It stands out for its ability to seamlessly integrate over 50,000 currency pairs, offering users unparalleled trading flexibility.
Lunex also incorporates a deflationary structure backed by periodic token buybacks. This mechanism, coupled with staking rewards of up to 18% APY, promotes price stability while encouraging long-term holding. The KYC-free model is appealing to investors who value privacy and anonymity.
As a result, Lunex Network's presale has been explosive, with 1 billion tokens sold and more than $1.5 million raised since the initial ICO launch. Current price is $0.0019, analysts predict an impressive price 18 times Earn $LNEX by launch, positioning us as a front-runner for both short-term returns and long-term growth.
Ethereum price chart analysis
Over the past two months, the price of Ethereum has been struggling a bit. This is the case as the altcoin price is trading in the $2,800 to $2,200 range. This range caused the formation of a triangle on the Ethereum price chart. While buyers are actively taking new positions, experts are predicting a positive breakout for Ethereum (ETH) in the near future.
If the bulls can break above the $2,800 resistance zone, Ethereum (ETH) could reach $3,500 in just a few days. In fact, experts believe the altcoin could rise to $4,100 if the optimistic momentum strengthens. Conversely, even if resistance holds, Ethereum price could temporarily consolidate.
At the same time, several key events are most likely to contribute to positive momentum, including the accumulation of Ethereum (ETH) by whales and the launch of the Ethereum Spot ETF in Australia. These recent events could indeed lead to a bullish breakout soon.
Avalanche price chart analysis
Avalanche prices hit a likely 2024 low in August and have since started to rise steadily. This is likely a result of the newfound optimism surrounding the gaming ecosystem. In addition, a new game was released and received a lot of attention. As a result, the market is increasingly positive about Avalanche (AVAX).
Meanwhile, the Avalanche price chart reveals that the altcoin is exhibiting a long-term uptrend line pattern. This technical setup indicates continued bullishness in Avalanche prices. As a result, experts are predicting a significant rally in Avalanche (AVAX) soon.
However, the $25 zone still acts as a major resistance zone. If Avalanche (AVAX) price can break out of this zone, the altcoin could revisit the highs last seen in March. In fact, overcoming the resistance at $25 could trigger a long-term bullish move.
Avalanche and Lunex Network Replicate Ethereum Gains
Ethereum (ETH) has been doing pretty well at the beginning of this year, but analysts are still predicting a new ATH to emerge in the coming months. Altcoin holders are hopeful that a long-term bullish move could be imminent as Avalanche (AVAX) gears up to overcome significant resistance.
On the contrary, Lunex Network has received a lot of interest in its ICO, with many believing it is a must-buy this winter due to its unique DeFi offering and significant growth potential.
Discover exciting opportunities in the Lunex Network (LNEX) presale today!
Website: lunex network
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*This article was paid. Cryptographers did not write articles or test the platform.
