With the potential price pump in the crypto market in the coming days, analysts have provided short- and long-term price targets for Algorand (ALGO) and Lunex Network (LNEX). They say that the value of AVAX could rise to $0.13 in the short term and to $0.25 in the long term.
In the same way, Lunex network is expected to jump past 1,000% before the first quarter of 2025. On the other hand, the Tron (TRX) coin is struggling to overcome the $0.18 level. Exceeding this limit could lead to a price increase in the future.
Algorand (ALGO): Analysts provide short- and long-term forecasts
The price of Algorand (ALGO) is consolidating, as seen on CoinMarketCap’s monthly chart. The Algorand crypto fluctuated between $0.11 and $0.13 during this period. However, analysts believe that the market is likely to rise in the coming weeks.
CW, a top analyst, had done that noted on its page that the Algorand coin is currently in a cup-and-handle formation. He also prepared a price prediction chart that indicated that the value of the virtual currency would rise to $0.13 in the coming hours.
Algorand (ALGO) needs to surpass the resistance at $0.126441 to reach the $0.13 forecast. Meanwhile, other analysts like Santolita to have a more bullish Algorand price forecast. They put a chart on X, with a potential increase to $0.25.
Lunex Network (LNEX) set to rally 10x after listing
Lunex Network (LNEX) not only achieved the remarkable feat of raising over $1.6 million in its fifth pre-sale phase. Lunex is attracting attention for its institutional approach to crypto trading.
Some of the key aspects that have attracted institutional attention include the B2B payment gateway for merchants that allows businesses to easily accept cryptocurrency payments and then convert them to fiat or vice versa. This offering has the potential to bridge the gap between conventional finance and the emerging world of cryptocurrency, allowing companies to engage in the crypto economy.
Lunex Network’s main selling point is its DEX platform, which has a dedicated trading system that allows for more than 50,000 trades. Also, there are no Know Your Customer procedures that users need to comply with, and they do not need to connect other wallets to perform cross-chain transactions, which is quite convenient and anonymous.
Lunex’s image is enhanced by a Sharing of Revenue model where a portion of the revenue generated by the platform is shared with the token holders, providing the users with an additional source of income. Currently, the $LNEX token is at $0.0019, which is expected to rise 10x at launch, making it the best crypto investment for early investors.
Tron (TRX) Future price movement subject to resistance at $0.18
Tron (TRX) has been on an upward move over the past year, approaching its current all-time high of $0.30. Looking at the Tron price chart, analyst Wombat said: told for its followers, the cryptocurrency could soon soar to a new peak.
Others like VegetaCrypto to believe that the Tron price could soon rise to a new peak. In the short term, Myth said the altcoin is testing one of the last resistance levels on its way to the top.
According to him, if the Tron coin crosses the $0.18 resistance, nothing will stop the cryptocurrency. Currently, TRX has a gain of 3.5% on the weekly time frame and 8.1% on the monthly CoinMarketCap chart.
In summary
Algorand (ALGO) and Lunex Network (LNEX) are among the top altcoins to watch in the coming weeks. Their prices are expected to rise to new highs soon. Meanwhile, Tron (TRX)’s confidence is at stake as it heads towards the $0.18 resistance.
More information about Lunex Network (LNEX) can be found here:
Website: https://lunexnetwork.com
Social contacts: https://linktr.ee/lunexnetwork
