Major tokens and midcaps like Dogecoin (DOGE) and Ripple (XRP) have sharply dropped as selling pressure mounted. There’s no immediate reason for the current sell-off, but it came in the backdrop of internet giant Google’s announcement regarding its new Willow quantum computing chip. The news raised market concerns about what it meant for crypto privacy and wallet security.
The sharp decline led to the liquidation of over $1.5 billion in longs or bullish bets, the highest level since 2021. Meanwhile, the Lunex Network presale continues picking up steam as its holders anticipate another price surge. The fast-selling presale star has already raised $5.3 million in revenue, a testament to its growing demand.
Lunex Holders Anticipate Another Price Surge
Lunex Network (LNEX) has transformed decentralized trading with a DEX protocol that offers user-friendly solutions to some of the biggest DeFi challenges. It has eliminated third-party wallet connectivity like Trust Wallet and allows users to trade directly on the platform. This has simplified the trading process, ensuring quicker transactions and seamless trading.
The project also appeals to security-conscious traders since it has removed KYC verification requirements to foster anonymous trading without compromising security. Notably, Lunex has combined all DeFi tools in one unified platform, ensuring complete control over digital assets with the speed and liquidity of TradFi. Its standout non-custodial wallet and portfolio tracker highlight the project’s commitment to security and ensure Lunex users always control their funds.
Investors seeking advanced trading tools can subscribe to Lunex Pro to enjoy premium perks like anti-money laundering (AML) wallet checks, cashback, and live market data. These premium services are perfect for managing large portfolios. Lunex is available at $0.0046, and its holders anticipate another price surge in the next few days. Analysts predict up to an 1,800% price increase before its launch.
XRP Bulls Target $4.4 Level
XRP’s price has been on a rollercoaster journey, surging from a low of $0.6 to nearly reach the $3 mark in anticipation of Trump’s pro-crypto agenda. However, the token has declined sharply to trade below $2.40, shrinking its market capitalization to $130 billion. There is no immediate reason for this dip, but the classic “buy-the-rumor, sell-the-news” effect.
Traders had piled on speculative gains and have since cashed out once the anticipated news materialized, fueling a sell-off. In any case, XRP’s current value represents an over 270% surge in the past month, with numerous analysts envisioning long-term gains in the near future.
Per Peter Brandt’s insights, the XRP token has the most powerful chart in the crypto market, suggesting that XRP’s market capitalization could skyrocket to a new all-time high of $270 billion. Ali Martinez chimed in, too. He maintained that the XRP price would need to retest the $2.25 level so they could buy the dip and target the $4.40 level.
Can Dogecoin Hit $1 Milestone?
Dogecoin has performed remarkably in the wide market rally, breaking above the $0.44 level, its highest level since May 2021. While the DOGE token has declined from this level, traders remain optimistic, betting on Elon Musk’s influence to promote Dogecoin to new highs. The meme coin has increased by over 100% in the past month, with industry experts hinting at more upside potential.
They believe the DOGE crypto is in a solid position to break the $1 milestone. The on-chain technical metrics highlight that Dogecoin’s past price action could have yielded a strong target for the meme coin. The DOGE meme coin had formed a classic cup and handle before the November rally. Should the meme coin extend this pattern, analysts see it breaking above the $1 psychological level to target a high of $1.3.
However, the broader market correction has pared off some of its gains. Technical indicators like the Relative Strength Index (RSI) have hovered around the neutral region, highlighting an equilibrium between buyers and sellers. This could suggest an impending pullback, with crucial support levels at $0.35 and $0.285. Any additional losses will further pull back the price of Dogecoin to $0.22.
Investors Snap Up LNEX Tokens
As Dogecoin and XRP are great long-term prospects, the Lunex presale represents an intriguing opportunity for savvy investors to make short-term gains. Its standout cross-chain functionality and trader-focused feature could trigger widespread adoption.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
Telegram: Join Our Telegram Community
ThePrint BrandStand content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.