Some top crypto coins are beginning to flash signs of an early altseason. As backing this, analysts have shared optimistic forecasts for some of the best altcoins in the market. The prediction for Stellar (XLM) is that the altcoin might get to $1 while Polkadot (DOT) might hit $22.
However, it is Lunex Network (LNEX) that could take the spotlight in this altseason. Experts forecast the value of LNEX could rise by 18x. Such huge returns make Lunex Network one of the best cryptos out there.
Stellar (XLM) Could Hit $1 This Altseason
Over the last week, the Stellar coin has been one of the biggest gainers. The DeFi cryptocurrency rose from a low of $0.4212 to a high of $0.585. However, using data from CoinMarketCap, XLM is still in an upward trend, with a 24.5% weekly gain and 490.5% monthly gains.
As for the future, analysts’ forecasts predict that in the next few weeks, the Stellar price could climb higher. One of them is PB. They forecast the value of XLM might rise to $0.9 before the end of the week. According to PB, the Stellar token follows the same price pattern as Ripple.
In a previous tweet, PB had predicted the value of the altcoin could surge to $1 before the end of December. Currently, the 14-day relative strength index for Stellar is above the midline, indicating a possibility of rallying to a higher price level.
Polkadot (DOT) Could Soar To A New Level
In the next few weeks, the Polkadot coin may reach a new high, as stated by Ali Martinez. He expects Polkadot (DOT) to hit $10-$11 and then retrace to $7.5 before surging to $22.
Part of Martinez’s positive forecast has already played out on the price charts. Data from CoinMarketCap shows the value of the Polkadot crypto crossed $10 on Tuesday after increasing by 28.6% on the weekly timeframe.
The gains have also extended to the biweekly and monthly timeframes, where there are increases of 70.8% and 166.9%. Going forward, the Polkadot price has to surpass the resistance at $10.56 before it can reach the next target.
Meanwhile, the 14-day relative strength index is in the overbought region, meaning we could see a minor correction in the coming weeks. On the flip side, the Hull Moving Average (9) and VWMA (10) are flashing buy signs, signaling the uptrend could continue.
Lunex Network (LNEX) Steals The Spotlight With 18x Potential
In the early stage of its crypto ICO, Lunex Network (LNEX) has attracted more than $4 million, making it one of the top projects to watch. The price of the LNEX coin has also increased by 200% to reach $0.0036. However, experts believe that the LNEX token may skyrocket by 18x before this altseason is over.
Lunex Network is a new generation DeFi project that was designed to allow users to have privacy and receive additional rewards. Based on the non-custodial approach, Lunex allows traders to have full control over their funds and does not possess users’ private keys. Lunex also does not make the customer go through the know-your-customer process to open an account.
The most valuable feature that Lunex has is the revenue share policy. Some of the revenue is used to repurchase coins from the markets, while 50% is used to pay stakers. All these features make Lunex a unique opportunity for those who want to receive the maximum of privacy, security, and, of course, huge profits within the DeFi space.
Final Words
As the crypto market prepares for the next big moves, Stellar (XLM), Polkadot (DOT), and Lunex Network are the top altcoins to watch. These assets could bring huge returns for investors, as the expectations of higher prices and significant increases are expected.
You can find more information about Lunex Network (LNEX) here:
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