XRP Records New Milestone: ETH Rally Faces Consolidation, But Lunex Presale Hits $5.4 Million Milestone

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XRP’s price has remained confined in a tight trading range, indicating potential consolidation for the token. The altcoin has gained notable traction, surpassing the $2 threshold to mark a significant rally. Before briefly declining, the Ethereum coin had crossed the $4K psychological level after surging by 26% to demonstrate an impressive performance.

Meanwhile, Lunex Network (LNEX) is preparing to enter the DeFi market, drawing a considerable range of investors with its all-in-one trading platform. The next-gen protocol addresses inherent issues traders face in traditional exchanges, bringing minimal fees, extreme interoperability, and swift trades. How will these crypto assets perform over the next year? Let’s dive in and find out!

Lunex Network (LNEX): The Future Of Decentralized Trading

With an unparalleled mix of anonymity, security, and cross-chain functionalities, Lunex Network stands out in the packed DEX sector. The platform offers investors peace of mind that top-tier security mechanisms have covered their investments. A highly reputable security firm, SolidProof, has extensively audited Lunex to verify that its smart contract technologies are free of any flaws.

The project has appealed to privacy-conscious traders since it has eliminated the intrusive KYC verification requirements. Regardless of your level of trading experience, Lunex provides a safe, simple-to-use platform to trade over 50,000 crypto assets across 40+ blockchains with some of the lowest fees in the market.

LNEX sells at $0.0048 during its presale, well below its expected launch price of $0.0216. Investors have an intriguing opportunity to engage early. Early adopters who bought the token at its starting price of $0.0012 have already experienced an amazing 300% return. Now is the optimal time to be part of Lunex’s growth as analysts project additional rallies before the presale ends.

XRP’s Bullish Momentum Continues

Despite the recent market correction, Ripple (XRP) continued to record new milestones. The token has registered a record-high market capitalization, underscoring its strong investor interest. While the XRP token has entered a consolidation phase, it is soon poised for another upward movement. Per Blockchain Backer insights, the XRP market has hit its highest weekly close in history.

This marks a second consecutive weekly close above its 2018 all-time high, indicating renewed bullish momentum. He added that the XRP coin could witness a strong uptrend if it surpasses its critical resistance levels. The bullish momentum might trigger heightened trading activities as traders assess their positions and strategies. As such, the XRP price would continue to gain momentum.

Notably, the price of XRP has seen a slight dip after an impressive 340% rally in November. The recent dip could be attributed to broader market correction after Bitcoin (BTC) slipped below $100K, and altcoins showcased mixed movements. The XRP price could face resistance at the $2.66 level. If the resistance holds, it could retreat further, potentially retesting its critical support at the $2 level. This area will play a key role in determining its near-term price movements.

Ethereum Price Performance

Showing incredible positive momentum lately, the Ethereum price has jumped by nearly 25% in the past month to cross the psychologically significant $4k mark. However, it slipped below this level and could enter a consolidation phase. Overall, the ETH ecosystem remains bullish, with short-term fluctuations within the $3.5K and $4K before a potential breakout or deeper pullback.

The on-chain technical indicators suggest mixed sentiments. Its Relative Strength Index (RSI) has formed a bearish, which suggests that the ETH token is extremely overvalued as it has entered overbought territory. While the price of ETH continues to face resistance, ETH bulls are attempting to push its value past $4K. But before this could happen, ETH price movements could go sideways.

Its 4-hour chart maintains a bullish market structure, forming higher highs and lows. Despite the rejection at the $4K zone, Ethereum’s price remains bullish, trending within its ascending price channel. The $3.7K level provides short-term support, and if it upholds this level, a bullish surge toward the $4K threshold is likely.

Lunex Network Could Soar Higher

While Ethereum and XRP produce waves with positive price movements, Lunex Network is set to redefine decentralized trading with its trader-focused features and unmatched cross-chain compatibility. With over 2 billion tokens sold, the presale frenzy highlights investors’ confidence in the project.

Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!

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Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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