Dogecoin and XRP are nowhere close to their 2024 highs but they seem to be entering brief recovery phases before Trump’s inauguration day. Meanwhile, Lunex Network is shaping up to be the real leader in Q1 as this new DeFi token has already delivered 366% ROI to early adopters.
Dogecoin (DOGE) Becomes Top Performer Today After Significant Whale Activity
Dogecoin’s price is finally recovering after being stuck in a consolidation phase for the past few weeks. This price surge is triggered by significant whale activity as these institutional investors suddenly decided to buy the ongoing Dogecoin dip. Since Dogecoin is closely tied to the macroeconomic environment in the United States, analysts expect Dogecoin’s price to rally on Trump’s inauguration day in late January.
Dogecoin is currently trading for $0.3535 after an intraday increase of 9.72%. This big price jump makes Dogecoin the top performer amongst the top 25 cryptocurrencies by market cap, reflecting a positive community sentiment. Dogecoin is also trading above all of its Exponential Moving Averages which confirms a bullish continuation phase. Since Dogecoin’s MACD Level is also positive, Dogecoin could surge toward the R3 resistance at $0.8 soon.
XRP Begins Recovery Phase: Gary Gensler’s Resignation Triggers Buying Activity
XRP’s price was trading in the red zone throughout the past 30 days before experiencing a significant shift in sentiment. This shift comes after Gary Gensler, chair of the US SEC, resigned from his position. Since XRP was stuck in a longstanding legal battle with the SEC about being labeled as a security, analysts expect XRP to get rid of these lawsuits once and for all during Trump’s crypto-friendly administration.
XRP’s current uptick can be considered an anticipatory rally before the real one begins in late January. XRP is currently trading for $2.66 after an intraday increase of 8.29%. XRP is also trading above all of its Exponential Moving Averages on the XRP/USDT daily chart, confirming the bullish hypothesis. If XRP’s demand intensifies, XRP’s price could surge toward the R3 resistance at $4.39 soon.
Lunex Network (LNEX) Price Prediction: Analysts Predict Massive 1800% Surge Before Official Launch Day
Lunex Network is preparing to dominate the DeFi industry in 2025 with its disruptive cross-chain interoperability features. Instead of targeting just one sector of the market, Lunex Network is revolutionizing the entire crypto trading space by addressing inefficiencies in existing DEXs and CEXs.
Lunex Network’s vision is to make crypto trading simpler by bridging the gap between different blockchain networks. Instead of charging enormous gas fees or forcing traders to connect third-party wallets, Lunex Network’s interconnected ecosystem gives traders a direct link between 40+ different blockchains. With no KYC checks, new users can sign up by connecting their wallet and start trading more than 50,000 crypto pairs without worrying about what blockchain they are on.
Every trade made through Lunex Network is fully encrypted on Ethereum’s immutable blockchain, making the whole process 100% slippage-free. Lunex Network has also removed automated market makers and centralized governance by giving investors the right to vote on important decisions in the Lunex Network ecosystem through the $LNEX governance token.
Lunex Network is also attracting significant institutional investments by offering a payment gateway API to merchants. Businesses can accept payments in cryptocurrency and convert them into fiat through their personal Lunex Network account.
By increasing the real-world utility of crypto assets, Lunex Network has a massive first-mover advantage with its non-custodial exchange platform. Since this new project has already raised nearly $6.4million in record time, analysts are projecting up to 1800% pre-launch gains for LNEX.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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The post Dogecoin (DOGE) and Ripple (XRP) Exploded in 2024, but Which Crypto Will Dominate in 2025? appeared first on Cryptonewsland.
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