While the crypto market is showing signs of a bull market, investors are watching the market for the best coins to invest in. Avalanche (AVAX) is aiming for $130.
At the same time, Lunex Network (LNEX) is planning to follow the successful trend of Bittensor (TAO), whose price pumped over 200% between August and October. Lunex Network is currently in the presale phase and has raised over $880k in funding.
Avalanche (AVAX) Foundation To Buy Back Coins From Luna Foundation
According to a proposal, the Avalanche Foundation (AVAX) intends to buy back 1.97 million Avalanche tokens it had sold to LFG in April 2022. This was one month before the collapse of the Terra ecosystem.
The Foundation will purchase the 1.97 million Avalanche (AVAX) tokens from the bankruptcy of Terraform Labs for $45.5 million, even though the tokens are worth $57.4 million on the market.
Currently, the Avalanche (AVAX) team has filed a repurchase agreement with the Delaware Bankruptcy Court and is awaiting approval. In the meantime, the Avalanche coin is showing profits of 6.9% on the 7-days chart and 15.8% on the 30 days chart, according to CoinMarketCap.
The VWMA (10) is showing a buy signal, hinting at a price increase in the coming weeks. Coincodex forecasts the value of Avalanche crypto could rise to $37.50 by January 2025.
CryptoBullet1 shared a higher target. He told his followers on X the Avalanche price could pump to $130 in the next three months.
Bittensor (TAO) Shows Double Digits Gains
Bittensor (TAO) is one of the performing altcoins in the market right now. The price of TAO soared from a low of $192 in August to a peak of $673 in October.
Although the Bittensor price has seen some corrections, it is still among the top performers. Data from CoinMarketCap shows the price of the Bittensor coin has a double-digit gain of 85.1% on the monthly chart.
It also has a profit of 18.7% on the biweekly level. Going forward, there is mixed sentiment surrounding the cryptocurrency. While most of the technical indicators are bullish, some, like the VWMA (10), are displaying a sell signal. This signal could mean the token is overbought and could witness some price drops in the coming months.
On the positive side, Coincodex has a bullish Bittensor price prediction. They forecast the value of the Bittensor (TAO) could soar by 245.37% to $1,996.40 in January 2025.
Lunex Network (LNEX) Set for a 20x Rally
Lunex Network (LNEX) is a platform where users can swap over 50,000 coins across multiple blockchains, including Ethereum and Cardano, at low cost. The main advantage of Lunex Network is that KYC verification is not needed. This is a big advantage for those who would like to have some level of privacy in the DeFi market.
Also, Lunex Network does not require external wallets like MetaMask during transactions. Those on the platform can choose the crypto they would like to trade, input the wallet address of the recipient, and then swap. Besides the absence of KYC procedures, trading on Lunex Network is quite easy.
One more advantage of the platform is the revenue-sharing model. Here, the revenue which is generated is used to buy some of the tokens back into the market. While 50% is given to LNEX holders, the other 50% goes to staking bonuses.
This revenue sharing model encourages the long-term holding of the token by investors and preserves the value of the LNX token. At the moment, one LNEX is equal to $0.0015. Analysts predict the value of LNEX will soar by 20x before 2025, making it the best crypto investment right now.
Is Lunex Network The Next Bittensor (TAO)
As Avalanche (AVAX) is targeting to reach $130, Lunex Network is planning to follow the growth path of Bittensor (TAO) in 2025. Potential investors seeking the next big thing in the crypto market should not sleep on Lunex Network. As the DeFi token of the transformative Lunex Network ecosystem, LNEX has what it takes to skyrocket.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
