With the recent surge in the market, analysts forecast a major altcoin rally could begin in the coming weeks. 50_LINK believes the value of Chainlink (LINK) could pump to $150-$500 based on high adoption. In other news, Lunex Network (LNEX) is another potential DeFi coin that could rise to new levels. The potential price target is the $0.5-1 range.
Analyst 50_LINK Predicts $150-$500 for Chainlink (LINK) As Institutional Adoption Grows
For analyst 50_LINK, Chainlink (LINK) is likely to become the “banker’s cryptocurrency,” thanks to its well-developed technology and extensive institutional partnerships that hint at an upcoming major rally.
The analyst infers that this increasing adoption might take the Chainlink crypto to price levels ranging from $150 to $500. The analyst’s chart highlighted a major resistance around the $21 level.
Another analyst who gave a similar forecast to 50_LINK is Marine, who also believes the Chainlink coin still has more room to grow. Marine also points out that while the majority of retail traders still think that XRP is the ‘banker’s coin,’ big institutions have picked Chainlink for its superior utility and efficiency.
Marine believes that $LINK is ready for a 7x rise to $100 as retail traders realize its importance in the institutional space. In the meantime, the Chainlink price is consolidating between $13 and $16 on the weekly timeframe on CoinMarketCap.
Chainlink has witnessed some corrections during this period. Yet, the cryptocurrency is in profits. On the 7-day chart, there is a 6.2% profit. On the 14-day chart, there is a 14.3% gain. In the 30-day timeframe, the cryptocurrency has a 20.2% profit.
In addition, most of Chainlink’s (LINK) technical indicators are giving off bullish signals. The relative strength index is above the midline. Also, the VWMA (10) and Hull Moving Average (9) are showing buy signals, which is a sign that bulls could push LINK higher in the coming weeks.
Lunex Network (LNEX) Touts Potential Targets of $0.5-1
Lunex Network (LNEX) could become one of the most popular DeFi projects in this cycle. Having successfully completed its presale with more than $3 million, analysts predict an increase of $0.5-1. Such growth trajectory is driven by Lunex features that add significant value to the trading process for both traders and investors.
There is one aspect that makes Lunex Network stand out: cross-chain trading. With the help of Lunex, users are able to transfer and trade more than 50 thousand tokens across various blockchains. This integration enables traders to deal with a number of assets in a single and convenient platform.
The other big selling point about Lunex is that it has super low transaction fees and is extremely fast due to the use of smart contracts. This has removed one major headache that traders used to experience especially during periods when high gas fees are incurred as they cut into the profits earned. The DeFi project is thereby good for traders who engage in frequent trades since it saves them a lot of money.
Lunex Network also grabs attention with its model where the company shares its revenues. The ecosystem is based on the $LNEX token that also provides traders with passive income generation through staking.
Lunex also offers a rewards pool of up to an 18% Annual Percentage Yield as token holders earn from the growth of their investments as well as the success of Lunex. This feature promotes holding the tokens in the long term, hence the interest of the trader and the platform. With the Lunex Network presale still ongoing, its features make it stand out as the new generation DeFi project for users.
Final Thoughts
Riding the bullish wave, Chainlink (LINK) and Lunex Network (LNEX) could surge to higher levels in the coming weeks. The potential for LINK to hit $150 and LNEX to trade as high as $1 makes them the best coins to invest in right now.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
