The post Tron Matches Massive Price Pump of Cardano To Reach New ATH As Lunex Network Eyes 18x Price Pump appeared first on Coinpedia Fintech News
Cardano (ADA) recently put the crypto market on notice as it skyrocketed from $0.31 to $1.3 for the first time since 2021. Tron (TRX) has matched the incredible price pump of ADA, pumping by more than 100% to set a new all-time high (ATH).
While TRX holders are celebrating their first ATH in more than seven years, a new competitor, Lunex Network (LNEX), is set for a bigger price pump. While LNEX has pumped 200%, analysts believe a bigger surge of up to 18x in this bull run.
Tron (TRX) Pumps To New All-Time High
Amid increased bullish sentiment among altcoins, Tron coin has stood out with a massive 100% price pump, per CoinMarketCap. As TRX rallied to over $0.4407, the altcoin also saw a massive increase in its trading volume of over $14.7 billion.
While this is the first time the Tron crypto has set a new ATH in more than 7 years, there is a dispute as to where the altcoin price could go. According to MMCrypto, TRX could suffer a massive decline as it has dropped under the key support level around $0.3750.
However, Team LAMBO has said that $TRX could be in the early stages of forming a massive bull flag. According to the data, the bottom of the trendline for the Tron token to defend is at $0.35 – 0.36. A breakout above $0.42 could lead to a rally to $0.60.
Price Pump Could Take Cardano (ADA) As High As $3
Before the massive TRX price pump, Cardano (ADA) led the top altcoins in gains. From a monthly low of $0.325, the Cardano price skyrocketed to trade above $1.3 for the first time since early 2021. While ADA has dropped to the $1.20 price range, per CoinMarketCap, analysts believe the altcoin could extend its gains soon.
According to Jupiter, the Cardano coin will go “ABSOLUTELY BERSERK this cycle” and could pump to $3 because of its expansive ecosystem built to service retail and institutional clients. The recent milestone reached by the Cardano network is one of the reasons crypto experts are very bullish about ADA.
According to Dan Gambardello, the TPS of Cardano’s Hydra just crossed 1 million and “is just getting started.” In addition, the unique active addresses on the network have crossed 100,000 unique wallets, according to Benjamin Cowen.
High Investor Interest To Fuel 18x Lunex Network (LNEX) Price Pump
Interest in Lunex Network (LNEX), the native coin of the new trading platform, has been steadily building over the last few weeks. The DeFi project has pulled in over $4.5 million from investors as a result. There is huge interest in the LNEX coin because stakers can get up to 18% APY.
What Lunex Network aims to do is create a trading and swapping platform for cryptocurrencies at a low cost across multiple blockchains such as Ethereum and Solana. This rapid and cheap way of swapping between multiple chains is why there has been a huge interest in Lunex Network.
The Lunex ecosystem also features a B2B merchant payment gateway that lets companies accept cryptocurrency and easily convert it into fiat in real time. The Lunex Network also has a service called Lunex Pro.
This is the paid version of this platform, offering advanced trading tools and analytics tools that help beginner as well as seasoned traders make better decisions. The LNEX coin has also kept up with the likes of $TRX and $ADA, rallying by more than 200% to reach its current price of $0.0038.
In Summary
While Tron (TRX) has rivaled Cardano’s (ADA) recent price pump, holding the $0.35-$0.36 support level will be crucial to extending its gains over the next few weeks. Meanwhile, as the Lunex ecosystem expands, experts are positive that the LNEX coin can record an 18x price pump.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
