Ethereum Classic’s price movement has turned heads with its upward momentum, gaining over 10% in a day. This surge has brought the ETC token close to its critical zone of $35, raising concerns about whether it will surpass this region or fall back.
Similarly, Bitcoin Cash has also seen impressive growth, with over 32% monthly surge attributed to Bitcoin’s recent price momentum. Lunex Network, a DeFi hybrid project, is gaining quick momentum with its recent milestones during its presale.
Lunex Network Outshines Competition, Hitting Over $3.5M In Presale Revenue
Lunex Network has been setting new weekly records with its explosive presale momentum. This week has seen Lunex Network surpass the $3.5M milestone, a testament to the project’s future potential. This surge has been attributed to Lunex Network’s DeFi protocol, which is designed to support complex institutional trading strategies.
Moreover, experts anticipate Lunex Network could soon rival top exchanges in the crypto market. With billions of dollars set to flow through its blockchain daily, Lunex Network is poised to generate substantial revenue as its adoption continues to surge. The project has devised different strategies to create value for its users, including using part of its revenue for open-market buybacks.
Half the repurchased assets will be redistributed as staking rewards, with up to 18% APY. This leads to LNEX token demand and provides an attractive passive income stream for its token holders. It has also helped the token achieve impressive price growth with a current price of $0.0033, which is also set to surge to $0.0038.
Ethereum Classic Price Analysis
Ethereum Classic surge showcases the bull’s reassertion of dominance after its brief correction established the $30 region as critical support. ETC’s ability to defend such a region reinforced its current upward momentum while setting the stage for further gains.
Retail interest in Ethereum Classic has also been gaining momentum. Its social volume metrics hit the highest levels since May 2024, suggesting growing chatter around the ETC token. According to history, increased social activity has always been a pioneer in future price action, with Ethereum Classic following a similar script.
However, as the price of Ethereum Classic nears its critical resistance level of $35, which also acts as a psychological boundary, a decisive break past this level could unlock additional upside potential. Technical indicators, including the RSI at 71, also signal continued momentum despite being in the overbought region.
Bitcoin Cash Price Surges By Over 32%: Can It Hold Above The $500 Resistance Level?
Since Bitcoin Cash recorded an impressive peak of $1,650 in May 2021, it has been consolidating without a clear trend formation. However, November saw the token hit significant price targets, with on-chain indicators suggesting further upward movements, especially with Bitcoin’s surging trend.
Moreover, Bitcoin Cash’s active addresses have increased consistently since August 2024. This means that Bitcoin Cash traders have a sustained demand for the BCH token, supporting a bullish trend for the crypto. Technical indicators support a bullish outlook as the BCH token hovers between $490 and $500. The relative strength index at 63 and the MACD all point to a likelihood of an uptrend movement in the price of Bitcoin Cash.
Holding above the $500 resistance level will open a path toward the $550 region in the short term while aiming for the $700 mark. However, if BCH fails to hold above this level, it could dip to the 10-day exponential moving average at $489.
Lunex Network: A Top Crypto Investment for December
Ethereum Classic and Bitcoin Cash anticipate further gains before the year ends, placing them among the top crypto investments with massive potential. However, just like the two cryptos, Lunex Network is also carving out a unique path that could see the token stand out within the crypto market. Backed by its DeFi protocol and revenue-sharing model, the LNEX token is set to surge further in the coming days.
You can find more information about Lunex Network (LNEX) here:
Website: https://Lunexnetwork.com
Socials: https://linktr.ee/Lunexnetwork
