Ripple (XRP) lit up the markets with its mammoth price pump of 380% and the price went up to a multi-year high of $2.82. But now that Bitcoin is over $100k, analysts have declared that this bull run is nowhere near done and XRP could see more upside yet.
According to Milkybull Crypto, the price of XRP could top out at $10 in this bull market. Meanwhile, Lunex Network (LNEX) has been growing behind the scenes. While the price of the altcoin has increased by more than 200%, analysts expect LNEX to reach $1 in this bull cycle.
Ripple (XRP) To Repeat 2017 Price Pump, Set for Rally To $10
Over the last month, Ripple (XRP) has been one of the best cryptos in the market. The XRP coin has surged by over 400% in the last month to a peak of $2.82, as CoinMarketCap data shows. However, crypto analysts believe that the uptrend will extend.
Milkybull Crypto, in his recent analysis, shared two charts, stating that the recent Ripple price performance is giving “2017 kind of rally vibes.” Based on his analysis, the Ripple coin could hit $2 and then experience a pullback before it continues its uptrend.
He adds that XRP will continue increasing on vertically hated rallies to set a new cycle top of around $10. Meanwhile, financial analyst Jacob King recently tweeted that the Ripple crypto had more trading volume than Bitcoin and Ethereum combined.
This means there’s high interest from investors and price pumps may occur in the upcoming few weeks. In addition, there are a ton of great events that could fuel this rally. Firstly, the Ripple stablecoin, RLUSD, launch could increase the use of the network.
CryptoGeek also recently reported that Amazon has released a paper that confirms that the largest online retailer and technology provider has partnered with Ripple. The paper also noted that Amazon used $XRP and $CTF for payment transactions.
Lunex Network (LNEX) Set for Massive Price Pump To $1
While XRP’s position as one of the top altcoins has made it popular, Lunex Network (LNEX) recorded a massive price increase as well. The price of the LNEX coin has shot up by 200% to reach $0.0038, and analysts believe it could top off at $1 in this bull cycle.
There has been a ton of hype around Lunex Network as it looks poised to bring working solutions to the DeFi space as the platform offers enhanced working solutions, especially for trading and business entities. Among them, the B2B payment gateway enables merchants and businesses to accept crypto payments.
This feature is specifically significant for those organizations that want to switch to better payment solutions while not being tied directly to the crypto market. Lunex Network has started making attempts to bridge the gap between the two worlds and is working on the progression of the future adoption of cryptocurrencies into society.
There has been much interest in Lunex specifically due to its next-generation trading platform. The DeFi project allows users to seamlessly swap over 50,000 cryptocurrencies across 40+ blockchains. With such a cross-chain swap function, customers can perform swaps cheaply and as fast as possible without necessarily having to change between two decentralized platforms.
Additionally, Lunex Network has a no KYC (Know Your Customer) policy, allowing users to stay anonymous. At the moment, Lunex Network is in the crypto ICO phase and has raised over $4.5 million as investors are buying into the platform for the numerous opportunities in the DeFi market.
In Conclusion
Ripple’s current performance places it as one of the best altcoins to buy now, as confirmed by the prediction given by Milkybull Crypto. However, the utility and solutions Lunex Network is bringing to the DeFi space make the LNEX price pump to $1 very likely to happen in this bull market.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
