Key crypto assets have always benefited from renewed whale accumulation, with some experts speculating that these strategic buys could propel the next big crypto. This particular whale accumulation is making headlines, sending ripples through the crypto market as Render (RNDR), Near Protocol (NEAR), and Lunex Network (LNEX) experience massive upticks in demand. Are whales signaling a buying opportunity, or could the trend create volatility as more crypto investors join the frenzy? Let’s find out!
Lunex Network: DeFi utility drives early adoption from whales
While still in presale, Lunex is already gaining traction after gathering a whopping $2.1 million in liquidity from over 11,000 subscribers. Following the massive buys from crypto whales, many investors are positioning themselves to ride waves of DeFi hype that could see the Lunex Network outpace RNDR and NEAR.
Lunex Network is a pioneering figure in DeFi. It can connect several isolated blockchains in a single non-custodial crypto exchange. With this innovation, crypto investors and traders can easily swap over 50,000 assets, whether they’re ETFs, bonds, or cryptocurrencies.
Lunex also stands out with its unique approach to decentralization, which saw it adopt a no-KYC policy – allowing users of the platform to enjoy privacy and anonymity. It keeps getting better as Lunex Network has an inbuilt wallet, so traders don’t have to connect to third-party sites like MetaMask or Trust Wallet.
The wallet has a crypto portfolio tracker that allows investors to manage their assets easily and without hassle. Once traders sign up for a new account, the crypto portfolio tracker is available to them. Finally, LNEX holders receive up to 18% APY when they stake their tokens. These benefits, coupled with the deflationary tokenomics, could cause the LNEX price escalation to happen sooner than expected.
Near protocol: Growing ecosystem attracts high-profile buyers
Trading at approximately $5.4, the NEAR price has seen an influx of whale purchases, with holdings up 34% in recent weeks. NEAR’s low transaction fees and fast speeds have made it popular among app developers, and whales appear confident in its long-term ecosystem potential. The recent spike in whale interest has brought NEAR’s 14-day RSI to 68.5, just shy of overbought territory.
If NEAR can push through resistance at $6, it may aim for the next target, around $10. Conversely, a pullback could drop to $1.60 if the broader market faces downward pressure. Whale activity suggests that the NEAR ecosystem is poised for continued growth, particularly as it builds out new partnerships and integrations.
Render: Building momentum on metaverse and AI
Render Network (RNDR) is quickly emerging as a favorite among whale investors. The decentralized Render platform, built for AI and metaverse applications, is currently trading around $7.19, with whales fueling its latest rally.
RNDR’s 14-day RSI is sitting at 72.3, signaling an overbought market as it tests resistance at $8.00. If RNDR can break through, analysts say it may reach $10.40, though any cooling in whale activity could drop RNDR back to its $2.30 support level.
Conclusion
Crypto whales place calculated bets on projects with strong fundamentals rather than short-lived hype. Lunex checks all these boxes, so prepare for a monumental rally in 2025. LNEX is available at $0.0026. Take action before it is too late.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
