Ethereum has gained attention in the cryptocurrency market, with analysts predicting a potential price increase to $6,200. This positive outlook extends to other altcoins like Lunex Network and Curve DAO, which are also experiencing rallies.
Ethereum's recent surge follows a period of underperformance compared to Cardano and Solana, but it has regained interest with a significant increase above $4,000 in just over a month. The earlier decline in Ethereum's price was due to external scaling solutions, but Ethereum has been actively developing internal scaling strategies. Additionally, there has been a substantial influx of capital into Ethereum-based ETFs, with Fidelity's Ethereum Fund contributing to the increase in Ethereum's price.
Curve DAO, a decentralized finance platform, has also seen a surge in market activity, driven by a partnership with BlackRock and positive market sentiment. Trading activity for Curve DAO has increased, and analysts believe it may surpass the $2 resistance level.
Lunex Network is disrupting traditional exchanges with its innovative platform that connects isolated blockchains and enables instant swaps across a wide range of assets. The platform incentivizes long-term holding through its $LNEX token and offers advanced tools and services to enhance the trading experience. Lunex Network is also targeting businesses with its B2B payment gateway API, allowing enterprises to accept cryptocurrency payments.
The ongoing presale for Lunex Network has raised nearly $5 million, presenting an attractive opportunity for investors.