Can Ethereum Break $5000 Before 2025?

SPONSORED POST*

Ethereum is experiencing significant whale activity which is making analysts optimistic about bigger gains in the future. Meanwhile, Lunex Network is attracting a huge capital netflow after surpassing the $3 million milestone during its explosive presale.

Ethereum (ETH) Records Significant Whale Activity After Surging Above Critical Resistance Level 

Ethereum’s price has faced several fluctuations over the last few weeks but it finally breached the critical $3500 resistance. Although Ethereum is now experiencing a short-term pullback, analysts are still optimistic about Ethereum following Bitcoin’s lead in December. These positive predictions are due to an Ethereum whale transferring $783 million worth of ETH tokens to a cold wallet which typically acts as a precursor to major price movements.

For now, Ethereum is trading for $3,447.97 with an intraday increase worth 4.44%. Since Ethereum’s volume has also surged by 13.57% over the last 24 hours, the token appears to be experiencing significant network activity in its ecosystem. Ethereum’s price also remains above all its Simple Moving Averages on the ETH/USDT daily chart which indicates that it is likely to test the $3,500 level again before the end of this week. 

Lunex Network’s (LNEX) New ETH-Backed DeFi Exchange Gains Hype in Altseason

Lunex Network is a new Ethereum-backed DeFi exchange that is making waves in the market during its explosive presale stages. Even though Lunex Network is a newcomer in the DeFi market, it has already managed to attract massive whale investments that have helped the platform raise more than $3 million in record time. Since analysts expect Lunex Network’s price to skyrocket if Ethereum breaks above $5,000, the native LNEX token could record up to 1,800% gains before its official launch on the open market. 

Despite Ethereum’s slow growth over the last few months, Lunex Network has managed to make a name for itself in the DeFi altcoin space. Since Lunex Network is launching a new noncustodial exchange with cross chain interoperability, traders are rushing to invest in the platform before it surpasses established DEXs and CEXs in 2025. While traditional exchange platforms still struggle to offer low cost cross chain transfers, Lunex Network is bringing the latest Web3 technology with smart contracts to offer the lowest possible gas fees on every transaction. 

Aside from the trading front, Lunex Network is also attracting a huge number of Web3 developers who can use the platform’s 65+ RPC nodes to develop dApps across different blockchains. Since Lunex Network is committed to bringing cryptocurrencies to the real world, the platform is giving away 200 exclusive black cards to VIP-tier presale holders. With these cards, traders can make seamless crypto-to-fiat transactions anywhere in the world. 

Even with all these features, the biggest reason why Lunex Network is gaining hype is its attractive revenue-sharing model. Every week, Lunex Network redistributes up to 18% of its weekly revenue by purchasing LNEX on the open market and giving these tokens away to current holders as staking rewards. Since half of the repurchased tokens are distributed and the remaining half are burned forever, analysts expect Lunex Network’s price to follow a highly deflationary trend on the open market. 

Given these tokenomics, it is no surprise that Lunex Network’s price has already rallied by an impressive 158% because of the skyrocketing demand. Although LNEX tokens are currently selling for $0.0031 for now, analysts are already hinting at another price surge before the end of November.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

*This article was paid for. Cryptonomist did not write the article or test the platform.