Major crypto players like Uniswap (UNI), Chainlink (LINK), and Lunex Network (LNEX) are drawing considerable interest as investors search for the next bullish altcoin. Uniswap’s open interest has jumped by 12%, indicating a bullish sentiment, whereas Chainlink’s price has risen nearly 50% in the past month.
However, with its creative features and explosive presale momentum, which resulted in over 50% of the presale token allocation sold out, Lunex has attracted huge attention. The project has already raised over $5.4 million in revenue after selling over 2 billion tokens. With great growth prospects for early adopters, Lunex could be the next big DeFi revolution.
Lunex Holders Anticipate Another Price Increase
Lunex Network (LNEX) has quickly gained ground in the broader crypto market due to its trader-focused features and impressive presale performance. The project has removed KYC verification requirements and provides a seamless trading experience free from third-party wallet connections. This new DEX protocol is perfect for casual and high-volume traders seeking a secure and private trading environment due to its focus on user anonymity and cross-chain functionalities.
Notably, Lunex users have access to over 50,000 crypto assets across 40+ blockchains and instantaneous connectivity of up to 65 RPC nodes. The project has ultra-low rates and institutional-level liquidity, providing one of the most competitive transaction cost structures in the DeFi market. This guarantees traders access to a large range of crypto assets without compromising the economy of cost.
So far, Lunex is in presale and available at $0.0048, a notable discount from the predicted launch price of $0.0216. Investors are quickly joining the LNEX presale before the token release, especially with the expected price surge in the coming days. Early adopters who bought the token at its starting price of $0.0012 have witnessed a 300% return.
Chainlink Price Surges Nearly 50%
Chainlink’s price has grown remarkably, surging by nearly 100% in the past month. The recent rally could be due to investors shifting their funds into altcoins as several tokens― BNB, TRX, and SOL hit new peaks over the last few weeks. Per Santiment data, there is a very low retail frenzy around LINK’s latest rally.
This could be interpreted as the rally could sustain itself and continue over the next few months. Moreover, this rally coincided with ongoing whale accumulation. Per Lookonchain data, an unknown whale has transferred LINK coins worth $9.6 million from Binance to Aave (AAVE). Moreover, Etherscan data indicated another whale had moved Chainlink cryptos worth $7.16 million from Coinbase to a self-custody whale.
Despite this positive outlook, technical indicators highlight the price of Chainlink might not reach the anticipated $40 milestone in 2024. For Chainlink’s price to achieve its anticipated three-year highs, additional buying catalysts like increased whale activity and positive on-chain metrics might be necessary. However, if Bitcoin (BTC) reclaims its $100K milestone, Chainlink’s price could quickly breach this level.
Uniswap (UNI) Price Analysis
Uniswap (UNI) has exhibited a strong bullish outlook in the past few weeks. The token has gained nearly 100% in the past month and broken critical resistance levels along the way. Uniswap open interest has increased, a sign of bullish sentiment after its bulls exceeded its March 2024 high of $17.05. Moreover, UNI’s OBV has risen strongly to highlight high demand.
Notably, UNI’s RSI has entered overbought territory but hasn’t made a bearish divergence. UNI price could witness a consolidation around the $16 and $17 levels before the next leg materializes in the coming days. Ideally, the $15.45 and $15.95 levels will likely become strong demand zones should the UNI price take a southbound dip.
Meanwhile, the number of UNI addresses has yet to record an uptrend. Its MVRV ratio has increased to hit its March high, suggesting rising profitability. This could mean that the UNI token is incredibly overvalued, and traders could embark on profit-taking behaviors that fuel a price pullback, potentially presenting an opportunity to buy the dip.
Three Bullish Tokens In December
As more investors shift their funds into altcoins, Chainlink, Uniswap, and Lunex Network are receiving considerable attention for their rare opportunities to make high returns. Lunex, in particular, has created major excitement, with over 50% of its presale tokens already sold.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
Telegram: Join Our Telegram Community
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
