Skip to content Skip to sidebar Skip to footer

Analysts Forecast 700% Returns for Ethereum and 1,800% for Lunex Network

Although the crypto market has been on a major uptrend in the last few weeks, the leading altcoin Ethereum (ETH), is only just joining the trend. Still, ETH has underperformed other top crypto coins like Dogecoin, Cardano, and XRP. However, analysts believe that a large pump for ETH is around the corner.

Recently, Crypto Wolf said that ETH could potentially rise by an incredible 700%, outperforming other top altcoins. Another DeFi project that could rival this performance is Lunex Network (LNEX). They forecast a 1,800% increase in the coming months based on its unique utility and rapid growth rate. 

Ethereum (ETH) Price Targets 700% Surge Amid Slow Movement 

The price action of Ethereum (ETH) is relatively slow, and it seems to be lagging when compared to the mania from top memecoins. CoinMarketCap’s data shows that ETH has only appreciated by 13.5% over the past week. 

The price of Ethereum increased from the weekly low of $2,792.74 up to $3,396.24 before beginning to decline. The Ethereum coin is very close to breaking the $3k price mark.

An increase in selling pressure could make this a reality in the coming days. On the other hand, analysts expect a price rally in the next few weeks. Wolf forecasts the value of the Ethereum crypto may pump by 700% soon despite its sluggish movement. 

The analyst noted that ETH pulled a similar stunt in the last cycle, even outperforming Bitcoin. Such a price surge could push the Ethereum price to $25,600 from its current level. 

However, the analyst did not give a possible timeline for when this could happen. In the meantime, the sentiment surrounding Ethereum’s (ETH) technical indicators is growing in bullish momentum. 

ETH’s 14-day RSI is above the midline, which is a bullish sign. The VWMA (10) is also showing a buy signal which means bulls are awake. The value of ETH could pump to $3,513.50 and $4,000 in the short term.

Lunex Network (LNEX) Prepares for Potential 1,800% Rally 

The Lunex Network (LNEX) is making its way into the DeFi space with features of control, flexibility, and rewards. Lunex is still in the presale stage, and for $0.0021, you can purchase $LNEX tokens before the platform gains a 1,800% increase, according to analysts. Cross-chain is a unique feature of Lunex Network, which allows users to trade over 50,000 assets on different blockchains. 

This cross-chain flexibility enables the user to balance and invest in various portfolios without having to jump from one platform to another, which makes Lunex the one-stop shop for every DeFi user. Lunex is also non-custodial, which implies that the users maintain the sovereignty of their assets with private keys. 

Since there is no KYC policy, the platform assumes a completely private and anonymous trading experience. For the $LNEX token holders, Lunex offers staking services where stakers get paid up to 18% Annual Percentage Yield as passive income for locking their coins for 30 days. Lunex Network also has a unique VIP tier where users can receive cashback on transactions, better staking opportunities, and AML wallet checks. 

This is a special service provided to high-traffic traders and investors to enhance their usage of the platform with extra privileges and protection. During AML wallet checks, VIP users can also check if the wallets they are dealing with have met their compliance level, which makes every transaction more secure for the user.

Final Words 

Although the price of Ethereum is struggling to rise to the occasion, analysts are confident that there may be a big breakthrough soon. Meanwhile, Lunex Network’s 1,800% target has attracted a lot of investors to its ongoing cryptocurrency ICO.

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

Website: Lunex Network
Socials: Join Lunex’s Growing Community