The outcome of the Federal Reserve meeting has caused some tension within the crypto space. With prices down across the market, analysts have discovered a strong potential for Ethereum’s price to reach $5,000 by year-end.
Seasoned investors are not just holding ETH but also looking for the fastest growing crypto in emerging moonshot tokens, like Lunex Network. Built on the Ethereum network, this new token is lauded as a DeFi solution capable of exponential gains. All the details are below.
1. Lunex Network defies market trends with innovative trading solutions
After the US Federal Reserve announced the new interest ceiling of 4.5%, major currencies across the market fell into a price decline. However, Lunex Network is forging ahead with $5.3 million in revenue, with its revolutionary platform redefining how users engage with financial services by addressing common inefficiencies known to centralized structures.
On Lunex Network, traders no longer need to rely on traditional order books. Instead, liquidity pools will be utilized to execute transactions instantly and without hiccups, even during periods of market volatility. This solution is accentuated by the platform’s support for over 40 blockchains and 50,000 trading pairs.
Multi-chain compatibility reduces trade barriers as traders have their plates full of diverse options. It’s even better with the LNEX token, which will add further utility to the ecosystem, such as reduced transaction fees and decentralized governance.
Beyond trading, Lunex Network offers high-yield staking options with APY rates designed to appeal to both passive investors and active traders. Token holders can also access the built-in portfolio tracker powered by Lunex Network’s advanced technology. With features like these, users see Lunex Network as one of the fastest growing cryptos ahead of 2025.
2. Ethereum (ETH): momentum builds toward a $5,000 breakout
The conviction of holding ETH is evident from the 110 million coins held by long-term holders. Compared to the 60 million held at the start of the year, ETH has since completed its Dencun upgrade, gained approval for its spot ETF, and won a legal battle against the SEC. Not bad for the #2 crypto in terms of market capitalization.
Since the federal rate cut announcement, Ethereum’s price declined by 5%—a fair correction compared to the rest of the market. However, analysts have predicted a $5,000 chance for ETH as Ethereum ETFs and institutions pool deeper into the currency. Popular analyst CryptoQuant predicted ETH scaling the $5,000 point should it break past the $4,092 barrier.
Per technicals, ETH recently experienced a golden cross where its 50-day moving average rose above its 200-day moving average. This bull indication prompted a record 130,200 new wallets on December 16, 2024, with over $2 billion in ETF inflows from the past 14 days. ETH has a neutral RSI of 59.65, with the potential to rally in the short term.
3. Conclusion
Compared to the 39.5% price increase that ETH enthusiasts bank on, Lunex Network presents a 400% potential within its presale alone. The interest in Lunex Network is promoted by its offering of solutions that resonate with the needs of modern traders. Get LNEX tokens now for $0.046 each before the entry window closes!
