A potential bull run is making waves in the market. Experts predict that the price of the Bonk coin may rise to $0.0000600.
Also, they say the value of Lunex Network (LNEX) and Stellar (XLM) could cross $1 in the coming months. In the meantime, investors are taking advantage of the downtrend to stock their portfolios.
The Bonk token has plunged to former lows after a recent correction. CoinMarketCap data showed its price soared to a peak of $0.000058 before it began to lose momentum.
Currently, the value of Bonk (BONK) has dropped by 8.1% on the biweekly chart. Still, analysts believe the correction is just a phase. They expect another uptrend to begin in the coming days. One of such analysts is LEVERAGED_LABS.
They forecast the Bonk price might rally to two price targets in the coming weeks. The first target is $0.00006000. If the bullish momentum lingers, LEVERAGED_LABS says the Bonk coin price could rise to $0.00009188.
Presently, the sentiment surrounding the memecoin is bullish. Its Hull Moving Average (9) and VWMA (10) are flashing buy signals which means bulls are in control. So, we might see some upward movement in the next few days.
The Stellar coin produced an overwhelming performance last month. Holders of the token made more than 400% returns as the altcoin price increased from $0.1 to $0.6. The cryptocurrency is, however, trading in the red zone, according to CoinMarketCap. The 14D chart shows a decline of 15.3% on its price.
Nevertheless, analysts are looking forward to a price surge. One of them is Arye. They believe the Stellar token is a better option than XRP. They forecast its price could increase to $0.9 in the coming months. Another analyst called PB told his followers there was a good buying opportunity at $0.3900-$0.4600.
He predicts the Stellar price might rise to $2 in the coming months. Moving on to the technical indicators, the probability of this prediction is high. Stella’s relative strength index is above average, which means bulls are in charge. The Average Directional Index (14) is also in the by territory.
Lunex Network (LNEX) is gaining attention in the DeFi market as it progresses through an appealing presale stage, where each token costs $0.0048. Lunex Network has a customizable cross-chain trading platform where one can trade over 50,000 assets across different blockchains.
Such cross-chain compatibility makes Lunex good for traders who value convenience. Therefore, Lunex may be among the top DeFi projects in the market, which will be explained in this article. Lunex Network also has engaging financial benefits for anyone who possesses the $LNEX tokens.
Staking LNEX can earn holders up to 18% APY, making Lunex Network one of the best forms of passive income in the DeFi space. In addition, Lunex has a unique portfolio tracker that is distinct from the rest; you can track your investments in cryptocurrencies, stocks, and ETFs.
It makes the management and tracking of the program easy. The users do not have to switch from one platform to another. They can view all their investments at one location. Lunex Network is slowly but steadily attracting people’s attention as the multifaceted, versatile, and innovative DeFi solution that can change the trading market.
Bonk (BONK), Stellar (XLM), and Lunex Network are very close to having their big breaks. Analysts predict their prices could skyrocket in the next few months based on the bullish sentiment in the general market.
You can find more information about Lunex Network (LNEX) here:
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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
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