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IntoTheBlock data reveals that as the bullish sentiment regarding the crypto market increases, more than $1 billion in $ETH has been pulled out from exchanges. The huge outflow is bullish and means that investors do not have intentions of selling their ETH expecting a price increase.
Experts believe that there are high chances of ETH hitting $4k soon. They also believe that the value of Lunex Network’s (LNEX) token may increase tenfold before the year ends. The LNEX token has attracted investors’ attention because of an exciting staking APY of up to 18%.
Ethereum (ETH) Price Targets $4K As Whales Resume Buying Spree
This week, lots of Ethereum (ETH) has left exchanges. IntoTheBlock pointed this out in its recent tweet, saying the outflow exceeded $1 billion. This metric indicates that the investors have high expectations on the Ethereum coin.
According to IntoTheBlock, investors are patiently waiting as they eagerly anticipate a price increase for ETH. According to the weekly chart at CoinMarketCap, the Ethereum price weekly range has between $2,900 and $3,400.
The market cap of ETH has increased from a monthly low of around $280 billion to as high as $410 billion. Nevertheless, ETH is still bullish. It is now trading above the 200-SMA at $2,909.19. This region could provide good support in case of a bearish run.
Forecasts of analysts suggest that the altcoin price will rise even higher in the near future. The Cryptomist says that ETH could rise to $3,500 in the coming days if bulls are to maintain their grip. Another analyst called Misterspread gave a similar forecast.
They said the altcoin is forming a head and shoulder pattern. However, Misterspread called for a clear close under $3,000 for this pattern to hold. VECTOR PRIME predicts the Ethereum crypto price may rally to $4k in the coming weeks.
10x Potential Surge on the Horizon For Lunex Network (LNEX)
Lunex Network (LNEX) is making ripples in the DeFi market thanks to its high yield staking. Holders of the LNEX can stake their holdings to receive rewards of up to 18% APY if they lock their coins for a month. As the demand for LNEX rises, the price of the altcoin has skyrocketed from $0.0012 to $0.0026. The project has also managed to raise $2.5 million, which proves the interest of investors.
Experts expect a 10x surge from Lunex in the months ahead. Not only does this program offer a great way to generate passive income, but it also properly motivates the users to contribute to the core success of the platform. They also receive lower fees, special analytic data, and can participate in revenue sharing.
Here, the platform uses part of its revenue to buy back coins from the open market. 50% of it is shared with investors, while the other 50% is kept as incentives for other programs.
Additionally, Lunex has a cross-chain feature. It allows users to swap cross-chain more than 50,000 across different blockchains, which makes it very convenient and suitable for use. Due to such features and a successful presale that has already started, Lunex Network is gradually taking its place among the best DeFi projects for traders and investors.
In Summary
analysts are optimistic about the future price trajectory of Ethereum (ETH) and Lunex Network. While ETH could soar to $4k, Lunex Network may spike by 10x in the coming months. Such predictions make them the best coins to invest in now.
You can find more information about Lunex Network (LNEX) 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.
