Can Ethereum Rally To a New All-Time High in 2024? Lunex Network Aims for $1

Bitcoin (BTC) has leveraged the recent “Trump Pump” to print a new all-time high and slowly inch towards the $100,000 mark. Ethereum (ETH) has not been able to record such performance, and it is trading below its all-time high recorded in November 2021.

Due to the poor performance compared to BTC, several in the crypto community are now questioning whether ETH cannot record a new ATH this year. Meanwhile, Lunex Network (LNEX) is targeting the $1 price target. The DeFi coin is among the best presale tokens in the market now.

Ethereum (ETH) Price Drops on Weekly Chart 

Ethereum (ETH) is showing mixed sentiment on the price chart. Its value has dropped on the weekly timeframe, per data from CoinMarketCap. However, ETH still has gains of 20% on the monthly time frame. 

In terms of price movement, the altcoin has been consolidating between $3k and $3.35k in the past seven days. Bears have refused to let go and are fighting to pull ETH below the $3k level.

Nevertheless, Crypto_Twittier is bullish about the Ethereum coin rising to a new peak in the coming weeks. The analyst took to X to highlight a positive correlation between Bitcoin and Ethereum (ETH). 

According to Crypto_Twittier, the ETH altcoin price usually reaches a new peak 4-6 weeks after Bitcoin does so. BTC reached a peak of $93,434.36 on November 13. So, the analyst forecast the price of the Ethereum crypto could reach a new peak before the year runs out.

Many analysts have given potential price targets. Trader Tardigrade forecasts a value of $8k is possible based on the cryptocurrency’s price chart. The analyst said the Ethereum token is trading in an ascending triangle and is now returning to support before a shoot-up to higher levels. 

Lunex Network (LNEX) Creates a Top Platform for New and Experienced Traders

Lunex Network (LNEX) has set out to redefine the DeFi space. It is building a platform with a focus on privacy, flexibility, and rewards. The project is suitable for new and experienced traders. There are various features and tools that traders can use to enjoy a better crypto trading experience. Meanwhile, Lunex has a no KYC policy. 

This means that the onboarding process is smooth and does not require personal information input, which makes the platform perfect for those who prefer their privacy. It enables traders to begin managing and trading assets without latency, keeping transactions private. Lunex also has impressive coss-chain capabilities. Users can swap more than 50,000 assets across different blockchains. 

The platform even uses smart contracts to ensure the entire process is fast and fees are cheap. Additionally, Lunex Network does not ask for third-party wallets, which could be prone to hacking. The platform has its own wallet, which is easy and safe to use.

Furthermore, Lunex has staking services available for $LNEX token holders where they can earn up to 18% APY. This feature forms a reliable source of passive income. LNEX token holders only have to lock their coins for a given period of time to enjoy the rewards.

With these features, Lunex Network is becoming a safe, private, and top DeFi project in the industry. The project has raised over $2.56 million in presale and is on track to reach $3 million before the end of November. Its LNEX token is trading at $0.0031. Analysts expect a price surge to $1 in the coming months. Such potential makes LNEX a good cryptocurrency to buy.

Final Words 

If the uptrend continues, Ethereum (ETH) might reach a new all-time high this year. Also, Lunex Network could hit the $1 mark. Analysts believe the token’s remarkable use case gives it the edge. Investors who want to make profits in the coming months should not look down on LNEX.

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

Website: Lunex Network

Socials:  Join The Lunex Network Community