Ethereum’s performance has been somewhat underwhelming, especially when compared to the strides of other major Layer 1s such as Solana and Cardano.
Altcoin
While majors like Ethereum (ETH) and Filecoin (FIL) will undoubtedly bring significant returns as the bull market ramps up, savvy investors believe that the real gains will be made elsewhere.
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Undervalued, low-cap gems present a prime opportunity for massive price multipliers as they have much greater room for growth.
Lunex Network is a project that has been consistently gaining traction in the DeFi space and thousands are flocking to the viral presale of the native LNEX token. Let’s dive deeper.
Ethereum Finally Reclaims $4,000, Will It Hold?
Ethereum’s performance has been somewhat underwhelming, especially when compared to the strides of other major Layer 1s such as Solana and Cardano. However, in the last few weeks, Ethereum (ETH) played catch-up as it broke out of the $3,500 trading range and finally surged to $4,000 following a 10% weekly increase.
This revamped Ethereum sentiment has led to bold price predictions that foresee a 5-figure ETH at the peak of the cycle. Titan Of Crypto has shared an intriguing Ethereum chart reading on X, highlighting a golden cross formation. This is a pattern that historically marks the start of a bullish trend shift, that could see Ethereum skyrocket above $5,000 by the end of the year.
Filecoin Is Now Consolidating Just Below The Local High, What’s Next?
After spending months on the sidelines, Filecoin (FIL) broke out of its consolidation range and soared by 112% in just a few weeks. Today, Filecoin sells for $7.91 following a 1.8% intraday increase. The $8.20 mark continues to elude bulls, as every retest has been met by intense selling pressure that has forced Filecoin to retrace. However, given the favorable market conditions and Filecoin’s strong momentum on the macro level, it seems like it's just a matter of time before this resistance is flipped into support and FIL enters bullish price discovery.
Analyst Zayk Charts has drawn attention to a crucial breakout from a multi-year descending trendline. If Filecoin retests this line successfully, it would further validate the bullish thesis and the way to $20+ would be clearer than ever.
How Lunex Network Redefines The DEX Framework
Lunex Network is a non-custodial multi-chain bridge network that integrates disconnected blockchains. Over 50,000 assets are available for trading and simultaneously, users who engage with the platform can take advantage of Lunex Network’s generous reward system.
No KYC verification is required to join and no third-party wallet like MetaMask is needed. Users can simply request the currency pair, input a receiving address, and confirm the transaction. All this while knowing that their privacy is protected and they don’t have to jump through tedious hoops to trade and invest.
To further enhance the trading experience, Lunex Network grants access to a wide array of features hardly seen anywhere else. The offering includes a sophisticated portfolio tracker that will allow for seamless asset management across multiple asset classes, including bonds, crypto, and stocks. Users can also subscribe to the exclusive premium service Lunex Pro, which includes advanced trading features, including cashback and AML wallet checks.
One of Lunex Network’s most interesting aspects, however, is its revenue-sharing mechanism that will guarantee a passive income stream. Every exchange will reinvest a portion of its earnings for open market buybacks of $LNEX tokens. This amount will then be redistributed as staking rewards for up to 18% APY.
The Lunex Presale is in full swing with over $4.6 million raised in record time. With tokens priced at just $0.0038, there has never been a better time to get involved, as Lunex Network could significantly outpace multi-billion projects such as Ethereum and Filecoin.
For more on Lunex Network and its cashback offer, visit
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer:The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other form of advice, and you should not interpret any of the Website's content as such. Midday does not recommend that you buy, sell, or hold any cryptocurrency. Please conduct your own due diligence and consult with a financial advisor before making any investment decisions. Midday does not endorse or promote any such activities, and you access them at your own risk, fully understanding the monetary and legal consequences involved. Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites. Cryptocurrency products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for losses resulting from such transactions.
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