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While there are a lot of opportunities in the crypto market to make a profit, an investor who called Avalanche’s (AVAX) breakout has found two other altcoins that are worth investing in now. These altcoins are Chainlink (LINK) and Lunex Network (LNEX).
It would interest you to know that Avalanche (AVAX) finally broke out upward toward the end of 2023 and rose to $60 in March 2024. This happened after the price consolidated between $8 and $22 in 2023. However, as 2024 progressively concludes, this investor thinks that Chainlink (LINK) and Lunex Network could make new highs.
Lunex Network Utilizes Deflationary Mechanism
Lunex Network is a new DeFi protocol that gives users access to over 50,000 cryptocurrencies across over 40 blockchains for them to store, swap, stake, or trade. Moreover, Lunex Network also ensures that transaction fees are kept at a minimal level so that users will not lose significant amounts of money to fees when carrying out cross-chain transactions.
Additionally, Lunex provides a means for token holders to earn passively. Interestingly, LNEX token holders will be rewarded with a percentage of the weekly generated revenue on the platform. This is a unique offering that differentiates Lunex Network from other DEXs like PancakeSwap and SushiSwap which use the liquidity provider (LP) reward models.
Moreover, Lunex Network also focuses on utilizing a deflationary mechanism in which LNEX tokens are bought back from the open market with a portion of the platform’s revenue. This tends to increase the value of the LNEX token over time. Meanwhile, each LNEX token is currently selling for only $0.0015 in stage 3 of the presale.
Avalanche Price Prediction
The Avalanche price has notably increased by more than 200%, from $9 to $29, over the past year. The Avalanche price first surged to $48 in December 2023, where it was under great sell pressure after which it dropped to $30 in January 2024. The bulls then recovered momentum and attempted to drive Avalanche’s (AVAX) price up once more.
Again, the bulls were unable to withstand bearish pressure even though they effectively drove Avalanche’s (AVAX) price to $60 in March 2024. This produced a consistent drop that finally drove Avalanche’s (AVAX) price down below $30 over several months.
Still, the community view of Avalanche (AVAX) has stayed positive in spite of these price swings. Moreover, a recent Avalanche price prediction indicates that by next month the altcoin might be valued at $38. Technical data also shows that Avalanche (AVAX) had a bullish past week.
Chainlink Price Prediction
The past week and month reveal mixed movements for the Chainlink price. Although Chainlink (LINK) dropped in price by more than 1% last week from $11.29 to $11.12, the past month paints a positive picture for the altcoin. The Chainlink price changed from $10.6 to $11.13 over the past month, yielding almost 4% gains for the altcoin.
Technical indicators show, meanwhile, that Chainlink (LINK) was bearish both over the past week and month. However, Chainlink (LINK) recorded about 53% green days over the past month and a 5.75% price volatility within the same period.
Moreover, a recent Chainlink price prediction estimates that the altcoin could rise above $12 by next month. Furthermore, some analysts predict that Chainlink (LINK) may range between $10 and $15 in 2025.
Chainlink and Avalanche Investors Consider Lunex Network
Despite the positive price predictions and speculations surrounding Chainlink (LINK) and Avalanche (AVAX), investors in these coins who have seen the potential in Lunex Network consider this new innovative project a worthwhile investment. Moreover, as the demand for the LNEX token intensifies, analysts project a possible 300% rally before the presale ends.
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.
