The crypto market has witnessed massive selloff in the past few days, triggered by the upcoming release of the US job data which could influence interest rate expectations that may impact the general crypto market. Stellar price has slipped by 9% in the past week while Polkadot token value has dropped by 14% over the same period..
However, Lunex Network (LNEX), the next-generation DeFi crypto exchange has continued to grow with early investors already in profit. The new trading exchange which allows for the instant transfer of digital assets anonymously is seen as a direct rival to established exchanges. Join us as we look into which altcoin will lead the Q1 market rally.
Stellar Price Prediction – Can XLM Bounce Back Above $0.60?
The US Federal Reserve Chairman James Powell’s recent claim that interest rate cuts will be determined by progress reports on inflation has further put more pressure on the financial market, causing a significant crypto market downturn. Stellar price is struggling to hold the critical $0.40 support zone with the Stellar trading volume also negative as per CoinMarketCap.
The altcoin price has now dropped by over 35% from the November high as the Stellar market cap dips from $17B to $12B. However, analysts think the dip might be the best time to enter the project. Natalie Dormer claims if the Stellar token can bounce above the $0.43 support zone, it could hit the target of $0.49.
However, Andrew Griffiths thinks that if the altcoin fails to hold the $0.39 support level, it could drop further to $0.30 or $0.22 before bouncing back. While investors wait for trend reversal, the Stellar crypto technical indicators are showing a buy signal with the XLM price above the 30-day SMA ($0.39). Although the market sentiment is neutral, if it can bounce back above $0.43, it could hit $0.60 in Q1, making it one of the altcoins to watch.
Polkadot Price Projected to $10.93
Polkadot is one of the altcoins struggling in the past weeks. According to the market data, the Polkadot price has declined by 20% in the 30D timeframe with the market cap also witnessing a significant dip. The Polkadot trading volume has also dropped by over 30% in the past 24 hours, further triggering speculations of a further drop
While the Polkadot token is struggling to hold support at $6.86, crypto analyst Rose Premium Signals projects a recovery towards $8.45, $9.61 and $10.93 in the coming days. In a similar opinion, another analyst, Flash, believes the DOT price could hit $8.7, $9.8 and $11.5 soon. For the altcoin to witness big moves above $10, it has to overcome the $8.18 and $9.50 resistance zones.
Meanwhile, Polkadot technical indicators are down with the altcoin price below the 50-day SMA ($8.145). However, the RSI is 41, which shows it is not yet in the overbought zone. As such, now might be the best time to buy the dip.
Can Lunex Network Price Reach $0.1 in Q1?
Lunex Network (LNEX) is designed to transform the $104B DeFi industry with its non-custodial trading exchange that allows users to instantly trade and swap cryptocurrencies across multiple blockchains at the lowest costs. The new trading exchange allows users to spot trade over 50k crypto trading pairs without the need for KYC or wallet connections like Trust Wallet.
This eliminates issues around interoperability, security and privacy encountered in centralized exchanges. The Lunex Network serves as an excellent solution for storing digital assets. The DeFi wallet allows users to buy, sell and swap cryptos all from one application while the portfolio tracker allows users to track multiple assets like cryptos, stocks, bonds, EFTs, etc.
Outside of that, the Lunex Network trading exchange is also an avenue for businesses to manage payroll. The non-custodial B2B payment gateway permits businesses to receive payments in cryptos and convert them into fiat. Lunex Network is the world’s first DeFi crypto exchange that allows for a revenue-sharing model aimed at rewarding token holders.
The LNEX token powers the exchange and is sold for just $0.0054. Early investors have made over 350% ROI within a few weeks. Given that the LNEX token will be used for listing fees in the exchange, the upcoming buying pressure will likely boost the price. With over $6M raised in presale and 2.4B LNEX tokens sold, analysts forecast a rise to $0.1 in Q1 and $1 after launch, making it the best altcoin to buy now.
Why LNEX Will Outshine Both XLM and DOT in Q1
Although Stellar and Polkadot are showing signs of recovery, Lunex Network is showing greater growth potential with market watchers comparing it to the likes of Uniswap and Pancakeswap. The Lunex Network’s focus on interoperability and privacy positions it as a major player in the DeFi market. With the rising adoption of DeFi, the LNEX price is likely to hit 50x within months of launch.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
