Ripple Surges To New Multi-Year High of $2, Analysts Say Lunex Network Could Reach $1 Before Dogecoin

Ripple (XRP) has maintained its bullish momentum and has even risen above top crypto coins. The most recent pump saw XRP’s price reach a fresh multi-year high of $2.4. According to analysts, its price is likely to go higher in the coming weeks.

Meanwhile, a DeFi coin called Lunex Network (LNEX) has emerged to compete with the top memecoin, Dogecoin (DOGE). Analysts say its unique trading platform positions LNEX as a better coin to reach $1 before DOGE.

Dogecoin (DOGE) Could Break Out To $1, Says Analyst 

The Dogecoin crypto is below a critical resistance level of $0.475, which favors a bullish breakout. Nevertheless, the Dogecoin price has not been able to break this important level, which has raised questions about the next significant movement. 

To bring new highs and renewed interest in the Dogecoin (DOGE) crypto, this resistance level must be breached. Currently, based on the information from CoinMarketCap, the Dogecoin token has declined by 4.9% in the last seven days. 

However, the memecoin has profits of 12.5% and 156.1% on the 14-day and 30-day charts. At the same time, the leading crypto analyst Scofield published a detailed technical analysis of X, noting that Dogecoin (DOGE) is ready to try to conquer the psychological level of $ 1. 

Scofield says that the memecoin is currently trading at consolidation near the resistance level, which is typical before a breakout. He noted that a breach above this level could trigger a move to $1. The token’s Hull Moving Average (9) and VWMA (10) support this potential uptrend.

Ripple (XRP) Rallies To $2.4

The Ripple crypto has been on a bullish run in the past month. It soared by over 270% in just one month. This rally has taken Ripple (XRP) to its highest level of $2.4 since 2018.

Per CoinMarketCap data, XRP has a profit of 57.6% on the 7-day chart. The gains have also extended to the higher timeframes. On the 14-day chart, the Ripple coin has a gain of 108.2%. On the 30-day timeframe, there is a profit of 355.6%. 

Thanks to the upsurge, the Ripple token is above Solana and USDT in terms of market cap. Going forward, the cryptocurrency’s RSI is above 70, signaling overbought conditions. So, we might see some corrections in the next few days. On the upside, Fran says the DeFi token could climb to $4.

Lunex Network (LNEX) Close in on $4M In Funding 

Currently in the cryptocurrency ICO phase and trading at $0.0036, the value of LNEX is expected to rise by 18x in the next couple of months. The project has attracted over $4 million and is expected to reach $4.5M this week. Lunex Network (LNEX) is a trading platform offering individuals the ability to trade over 50,000 assets across more than 40 blockchains.

This level of compatibility enables users to exchange assets with relative ease using a simple button click. Lunex Network has several advantages, one of which is the care for users’ information, which is not a tradition for many platforms operating in the cryptocurrency market. 

Nonetheless, unlike other trading platforms, Lunex users do not need to provide their passports or driver’s licenses for identification. This also makes it easy to register with less stress as compared to other trading platforms while at the same time ensuring that the user’s details are well protected.

Furthermore, Lunex Network does not require users to connect to other wallets like MetaMask or PhantomWallet. Lunex is directly accessible to users. Features like simplicity, privacy, and security make Lunex Network a perfect place for traders in the DeFi market.

In Summary

Ripple (XRP) could continue to set new highs in the market. Also, Lunex Network has caught the attention of the community with its potential rally to $1. Experts say it is the best cryptocurrency to buy today for future gains.

You can find more information about Lunex Network (LNEX) here:

Website: Lunex Network

Socials: Join Lunex's Growing Community