Updated on 23 December 2024 at 15:51 IST
New Delhi [India]December 23: After a wave of bullish sentiment across some prominent DeFi tokens in…
encryption In the market, investors could witness a retest phase for these currencies. For context, the price of Bitcoin Cash fell from a high of over $640 to $525.
Likewise, the BNB token saw a major price correction after hitting all-time highs last week. Cryptocurrency analysts are looking into which coin is the best DeFi project to invest in, even if
LNEX network Continues to make waves in the ongoing
Cryptocurrency Initial coin offering. Powered by a unique trading exchange, the price of LNEX is expected to reach $1 soon.
Can Bitcoin Cash repeat its year-round price rise?
So far in Q4, Bitcoin Cash (BCH) has risen from $337 to over $640, showing over 100% growth in the quarter according to
CoinMarketCap Data. While this indicates bullish momentum from the Bitcoin Cash token, the recent price trajectory displays a potential correction on the BCH price chart.
For context, the top cryptocurrency fell from $638 to $525 over the past seven days. This development has put a question mark on Bitcoin Cash’s bullish quest to repeat the year-long high price of $719, which the coin reached in April. According to the cryptoanalyst
BankshinerBitcoin Cash price must cross the $720 mark for Bull Run to be confirmed.
A look at technical analysis shows that Bitcoin Cash’s
Simple moving average (SMA) over the past 30 days is on a healthy path at $508.42, indicating a sustained upward trajectory. This means that Bitcoin Cash price is retesting its price level before another round of bullish sentiment.
InvestingHaven He sets his short-term target at $700 before Christmas.
The experts’ goal is to get $1,000 for BNB after setting the ATH record
BNB is seeing an uptrend so far in Q4, given that the token started the quarter at $567 and is now trading above $680. Notably, recent bullish momentum pushed BNB to record a new all-time price high of $793 on December 4, per
Market statistics.
Meanwhile, BNB price has since gone through a correction phase to see its price fall below the $700 level. Despite the bounce, experts are confident that the token will reach $1,000 soon. Modern
tweet Cryptocurrency analyst Rose Premium Signals admitted to retesting BNB, hoping it will bounce back and target the $850, $1,000, and $1,400 marks.
Another popular analyst, The Moon Show, followed by 1.4 million, also confirmed the upward movement. According to the analyst
tweetThe altcoin price is currently above horizontal support. If it breaks to the upside, the first target will be $820. With BNB trading volume rising, it could be one of the altcoins to watch this bull season.
It’s barely been a few weeks since the launch
LNEX network Over $5.4 million USD has been raised through an Initial Coin Offering (ICO), and over 2.3 billion LNEX tokens have been sold. This is evidence of the project’s high potential, which has attracted the interest of smart whales.
For context, the Lunex Network is a new DeFi exchange and investment platform that facilitates cross-chain transactions. The mobile exchange allows users to trade more than 50 thousand cryptocurrency pairs across different pools at the lowest cost. The project uses secure smart contracts to confirm transactions with lower fees.
Unlike other platforms, the Lunex network also offers incentives to token holders. The revenue sharing model allows the team to use a percentage of revenue to buy back LNEX tokens from the open market and redistribute them to holders. With this, investors can decide to stake their tokens for a minimum of 30 days and earn up to 18% APY returns.
Through the portfolio tracker, traders can monitor their assets. The merchant payment gateway also allows traders to receive payments in cryptocurrencies and convert them into fiat currencies in the platform. To date, early investors in the Lunex network have achieved a 300% return on investment. At $0.0048, investors have less time to accumulate LNEX, which is expected to reach 50x in 2025, making it one of the top DeFi tokens to watch.
The best investment alternative for 2025
With Bitcoin Cash poised to repeat its all-year high and BNB setting its sights on $1,000, the Lunex Network represents a low-entry, high-potential cryptocurrency to invest in. With altcoin season already booming, now might be the best time to invest in the project. Overall, BCH, BNB, and LNEX are among the best cryptocurrencies to invest in for massive returns in the coming weeks.
You can find more information about the Lunex Network (LNEX) here:
(Disclaimer: The above article is for informational purposes only and should not be considered as any investment advice. TIMES NOW DIGITAL suggests its readers/audiences to consult their financial advisors before making any money related decisions. Times Now journalists have no involvement in the creation of this material.)
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