Cardano whales have accumulated over 20M ADA in the past two days, signaling strong interest from large investors. This move comes as Cardano continues to push towards decentralized governance with the recent CIP-1694 proposal.
The successful Mainnet hard fork also marks a unique milestone for ADA as it seeks to regain its bullish outlook.
Similarly, Ripple is consolidating with a symmetrical triangle pattern amid the ongoing market correction. The XRP price has found support at the lower trendline level of the triangle around the $2.01 level while trading slightly above the region. This follows a new presale rally that has seen Lunex Network hit the $0.0049 target, surging by over 308%.
Lunex Network Attracts Investors with Its Unique Use Case and Features
The Lunex Network’s numerous use cases and unique reward features stand out even in its presale. This has seen the project attract more investors as its presale funding hits over $5.6M, having sold over 2.3B LNEX tokens. One of the project’s unique features is its staking and revenue-sharing model.
While the revenue sharing model has been designed to reward active LNEX token holders, investors can stake for as little as 30 days and enjoy up to 18% in APY reward. Moreover, Lunex Network is developed to allow seamless swapping of over 50,000 cryptos across 40-plus blockchains without needing KYC or wallet connections. Its portfolio tracker also lets users track their assets, including stocks, cryptos, and bonds.
With the ongoing crypto ICO, early investors are already enjoying over 333% ROI, which is set to surge in the coming days. This impressive surge has also seen the LNEX price hit $0.0052 from a starting price of just $0.0012. Given its robust ecosystem, Lunex Network could be on the right path to becoming one of DeFi’s top projects in 2025.
Cardano Price Movement Nears $1 Having Suffered a Major Dip
Earlier in December, Cardano (ADA) traded above the $1.3 region marking its peak level throughout the year. At this point, many investors believed Cardano would retest its ATH high. While the excitement was further fuelled by different lofty price predictions for Cardano, the ADA bullish momentum was subsequently saddled by market volatility.
The price of Cardano is now hovering over the $0.822 region, which represents a YTD of over 3730%. However, Cardano’s price movement still points to a bearish outlook, with a monthly dip of over 23%. Regardless, investors are still optimistic, as indicated by the recent accumulation by the whales.
Moreover, crypto analyst Ali highlighted some unique similarities between ADA’s price chart of 2020 and the current year. According to Ali, a similar price correction like the recent one could be followed by an uptrend momentum like in 2020. If Cardano witnesses a similar price trajectory, it could hit the $6 region.
Ripple Shows Strength At Key Support Amid Market Weakness
Historically the $2.01 support region has triggered rebounds in XRP price movements. If Ripple follows a similar trend, it could test the upper resistance trendline at approximately $2.48. A breakout past this resistance level could also pave the way for further gains.
Technical indicators, including the relative strength index for Ripple’s price, have shown signs of bottoming out, suggesting a potential rebound. Moreover, immediate resistance levels have been identified at around $2.20, representing the 0.5 Fibonacci, and $2.28, representing the 0.382 Fibonacci, with support around the $1.90 level.
The price of Ripple continues to trade above the $2.00 region, representing a monthly surge of over 6%. A confirmed breakout from its descending triangle could trigger the next shift either upward towards the next resistance or downward towards the lower Fibonacci retracement level.
Will Lunex Network Emulate Cardano and Ripple Price Movement?
Cardano and Ripple have been struggling to regain a bullish outlook. However, Lunex Network still holds the potential to become one of the best mainstream projects. Backed by a revenue-sharing model, its unique capabilities already set the pace for more investments and a price rally.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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