Lunex Network emerges as a promising candidate for significant growth as Avalanche targets $75 and Sui prepares to outpace Shiba Inu.
Analysts are predicting that Avalanche (AVAX) could reach $75 by January, signaling a strong bullish movement. Concurrently, Sui (SUI) is on the verge of surpassing Shiba Inu (SHIB) in market capitalization within the next few weeks.
Lunex Network (LNEX) has caught the attention of analysts, being identified as a potential 10x coin due to its unique features and low market cap.
Avalanche Expected to Hit $75 by February
The ongoing market correction has seen Avalanche’s price decline, experiencing an 8.50% drop over the past week according to data from CoinMarketCap.
Currently, AVAX is consolidating between $33.90 and $42.50. Despite this, some analysts anticipate that Avalanche could soar to between $150 and $200 in the upcoming months. Recent insights suggest the market correction is nearing its end, with projections indicating a rally to $75 by February 2025.
Most technical indicators for AVAX are neutral, with the relative strength index approaching the midline, indicating that a breakthrough could lead to a substantial price surge.
Sui Set to Overtake Shiba Inu
Sui coin is rapidly gaining traction among altcoins, having stabilized around its record high of $4.93 established last week. This upward trend has propelled its market cap to $12 billion.
As Sui’s price continues to rise, it is positioned to potentially eclipse Shiba Inu in market capitalization. Although SUI’s value has seen a 12.80% weekly decline, it has achieved an 18.45% increase over the month and a remarkable 396.52% surge over the past year. Projections suggest SUI could rise to between $6 and $8 soon, with other estimates predicting a possibility of reaching $40 in this market cycle.
Lunex Network Raises Over $5.6 Million in Funding
Lunex Network, a newcomer in the DeFi sector, offers its token at $0.0049 during the presale and has already garnered over $5.6 million in funding. Experts anticipate a potential 10x increase in value, aiming for a target of $1 per token.
The project emphasizes user privacy by eliminating the need for Know Your Customer (KYC) processes, allowing for anonymous transactions in the DeFi space, which simplifies the registration process and enhances trading privacy.
Additionally, Lunex Network plans to provide robust developer support with RPC access to over 65 nodes across various blockchains, facilitating the development of innovative decentralized applications (dApps) while fostering a thriving ecosystem.
Lunex also features a VIP plan for active traders, offering cashback on trades, increased staking rewards, and enhanced wallet security through advanced AML checks. Its focus on privacy, developer support, and a comprehensive suite of user tools positions Lunex Network as a significant player in the DeFi market.
Top Altcoins to Monitor
With Avalanche potentially reaching $75 soon and SUI possibly surpassing Shiba Inu’s market cap, Lunex Network is emerging as a key contender in the DeFi landscape. Investors worldwide are keeping a close watch on these top altcoins for their growth potential and unique offerings.
