Binance’s market cap has been struggling to stay above the $100B milestone, however the reason is not far-fetched– its price trajectory has not done so well this Q4 as many anticipated. Although Binance’s current market cap is above $103B, a push to $120B can potentially boost BNB price above $1,000.
As positive sentiment continues to grow for Binance, investors who have suffered from the brief declines in the Cardano (ADA) token are already eyeing another DeFi contender, Lunex Network (LNEX). As a multifaceted DeFi project with expanded DEX features, Lunex Network has rewarded early investors with over 308% ROI, with potential to bring higher returns as soon as it launches.
Binance Token Anticipated To Cross Over $1,000 As It Market Cap Surges
Binance (BNB) coin has made an impressive move by ranking among the top altcoins gains for this year. Binance achieved this milestone by surging above a lower price of $540 on the 4th of November to a peak price and an all-time high of $788, one month later.
Although the price of Binance has consolidated, falling by over 10% below this ATH mark, its market cap has settled above $100B, after reaching a peak above $112B, this year. While it is currently trading within a weekly range of $697 and $705, a boost in its market cap to $120B could possibly push Binance price to $1,000 and above.
Meanwhile, CryptoELITES has just released a post on X (formerly Twitter), indicating that investors should watch for targets of $1,000, $1,500 up to $2,000. Assuming that Binance breaks these levels, the analyst says the token will hit an end goal of $5,000, making it one of the top DeFi coins to anticipate.
Cardano Token Navigates Extended Volatility, Shakes Investors Confidence
Although Cardano (ADA) price made an impressive recovery by pricing from lower levels at $0.3 to a new year-to-date peak of $1.30 on December 3rd, it is mostly consolidating. Due to high volatility, Cardano has fallen below its crucial $1 resistance threshold, with its price now reflecting a 9% monthly dip which was majorly contributed by its 10.5% decline this week.
Currently, Cardano price holds in a weekly price range of $1.02 and $0.91, with its current price reflecting a 70% dip below its ATH price. However, according to Ali Martinez, Cardano is on its way to hitting a new record of $6, considering the similar bullish pattern it has with its 2021 trajectory.
Interestingly, the price of Cardano has also been forecasted to start a 180% jump to $2.7709, according to JAVON MARKS. The analyst also indicated that if Cardano breaks two other resistance levels, its price could reach as high as $7.80.
Lunex Network Is Poised To Dominate The DeFi Market With Multi-Chain Interoperability
Considering its non-custodial, secure and interoperable ecosystem which hosts several features to facilitate effortless multi-chain transactions, it won’t be a shocker if Lunex Network (LNEX) contends strongly with top DeFi coins. This DeFi network has already impressed market analysts as well as investors by garnering over $5.6 million in revenue, coupled with a 308% price pump from an initial price of $0.0012 to $0.0049, thereby securing more investors’ interest in its presale.
This positive outlook within a short period of market debut reflects its immeasurable potential to keep attracting sales when it launches. But beyond this, some of the platform’s alluring features includes cross-chain swaps of up to 50,000 cryptocurrencies, simply by connecting isolated blockchains networks. On top of this, users can buy the LNEX tokens and stake them on the platform’s staking pool to be eligible for an 18% APY passive income.
In addition to its staking rewards, Lunex Network offers a reward system where the platform gives half of the revenue it makes from crypto swaps to users. The other half is then preserved for more exclusive rewards. This new DeFi project also helps investors track their portfolio while delivering up-to-date market insights. There is also a cashback feature on every transaction, allowing users to earn more when they continue transacting with Lunex Network.
Is Lunex Network Capable of Ever Surpassing Binance?
While Lunex Network shows strong growth potential and intriguing DeFi features, surpassing Binance would require significant market adoption and time. The DeFi market dominance that Binance has established over the years makes it a challenging competitor.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.