As the year ends, many tokens enjoy bull runs as competition intensifies for the best altcoin in profit margin. Moonshot tokens like Cardano (ADA), Fantom (FTM), and Lunex Network are in full bull run mode.
While ADA and FTM are established cryptos that joined the bull run in mid-November, Lunex has exploded in presale since October. Read on to see why Lunex tops the list of moonshot tokens over ADA and FTM.
Lunex’s presale continues to blow hot, tops moonshot lists
Lunex Network is only two months into its presale, and experts are already calling it a moonshot token following its impressive rally. Since creating awareness, Lunex has significantly increased in value by 300% from $0.0012 to $0.0048.
Lunex allows users to earn cashback on every transaction and unlock passive income by staking their $LNEX tokens for a set period. Lunex Network’s robust staking system offers an 18% annual percentage yield. Additionally, its revenue-sharing model rewards long-term holders and discourages sell-offs, helping to maintain the value of the native LNEX token.
You can trade thousands of cryptocurrencies from major layer-1s like Solana to mem coins like Dogecoin with unlimited liquidity, benefiting from limited spreads, lightning-fast trade execution, and no slippage. Lunex provides users access to over 50,000 crypto tokens across 40 blockchain networks, eliminating the need for external or third-party wallets.
ADA’s upswing form continues in December as it eyes record highs
Cardano’s price all-time high of $3.10 was achieved in September 2021. Since then, ADA has traded mostly below $1 following the general industry bear run after. Experts, however, believe this is FTM and ADA’s closest chance to break their ATH.
Recent market reports indicate that Cardano’s price rally coincides with the anticipated departure of Gary Gensler, chair of the US SEC. Indeed, ADA traded at $0.5 at the time of the announcement and has surged by over 130% to $1.22.
On the surface analysis of Cardano price’s recent 130% surge appears to be driven by heightened short-term demand for low-valued assets, especially in the wake of SEC litigation.
However, an intricate analysis of key on-chain data reveals that the ADA rally is primarily fueled by organic demand for projects built on its blockchain. As more users engage in DeFi transactions and deploy assets on the Cardano blockchain, the demand for ADA rises, driven by user’s need for transaction gas.
Fantom (FTM) aims for $2 amid bull run, competes with ADA to break ATH
FTM’s record high of $3.52 was achieved in October 2021. Like ADA, FTM has traded below the $1 mark since. However, since its November bull run, it has crossed the $1 threshold and now trades at $1.33.
FTM has captured attention following an impressive price surge of nearly 90%, reaching its highest point in eight months. FTM’s rally has sparked renewed investor interest, with many closely tracking the token’s next potential moves.
Key ecosystem developments, robust technical indicators, and a surge in trading volume have driven FTM’s bullish momentum. However, FTM investors are still cautious that the broader crypto market could still present potential downturns.
The long-term sustainability of FTM’s price will depend on its ability to adapt to changing market conditions. Like FTM, ADA’s investors are hesitant to go long despite bullish sentiment, leaving Lunex as the best crypto to invest in the short and long term.
You can find more information about Lunex Network (LNEX) here:
Website: https://Lunexnetwork.com
Socials: https://linktr.ee/Lunexnetwork
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