The crypto market is full of expectations as one of the most influential analysts, Lark Davis, predicts Ripple’s (XRP) price could soar to $6. The analyst based his prediction on the SEC Chairman leaving office in the coming weeks.
The Ripple coin has already skyrocketed above $1.1, and ending the long-term lawsuit could cause the altcoin price to rise even higher. Meanwhile, experts say Lunex Network (LNEX) may climb to $1 in the coming months.
Ripple (XRP) Could Pump To $6 After SEC’s Chairman Resigns
Ripple (XRP) has made a spectacular display in the last couple of weeks. The cryptocurrency was in a range-bound motion around the $0.5 level for quite some time. The fact that it is currently in court with the US SEC for a legal dispute made the investors lose faith in the project.
However, the recent change of sentiment in the Ripple (XRP) community, which has been attributed to the election of Donald Trump is good news. It has risen from $0.5 in November this year to trade above $1 for the first time in three years.
On the 7-day chart, Ripple coin has a rise of 67.4%, while on the 14-day chart, it shows an increase of 102.7%, as seen from CoinMarketCap. Lark Davis and other analysts expect the Ripple crypto price to go up to $6-$7 in the next few months.
As he said, The US SEC Chairman, Gary Gensler, may resign next month. This resignation could open the door to Ripple’s win in the current legal battle.
Davis pointed out that this could be a massive driver that would propel the Ripple price to new highs. Meanwhile, the technical indicators of XRP shows that it is still in bullish territory.
The relative strength index of XRP is in the overbought area but still has room for more growth. However, the Hull Moving Average (9) is flashing a buy signal.
Lunex Network (LNEX): A Revolutionary Solution in the DeFi Industry
Lunex Network (LNEX) is new to the DeFi market but is already creating ripples. The platform allows users to swap over 50,000 tokens across different blockchains. Interestingly, the swaps are fast and are at low costs. Through this approach, Lunex Network could become one of the top DeFi projects in the market.
Also, the platform respects the privacy of its users. Unlike centralized exchanges, which have Know Your Customer requirements, Lunex Network provides users with anonymous trading without any risks. In addition, Lunex Network also uses a non-custodial approach where users retain their private keys, thus full control of their funds.
This design focuses on safety and independence, which creates a major advantage for traders who appreciate security and do not want anyone else to manage their assets. Lunex Network has already attracted investors with its ongoing presale, raising over $2.9 million in funding. It plans to raise over $5 million before the year runs out.
The LNEX token has also increased from $0.0012 to trade as high as $0.0026. Analysts forecast its price could skyrocket by 18x in the coming months. Given its powerful features, Lunex Network might attract private, security-conscious individuals who want to achieve the best results in the DeFi space.
Final Words
Ripple (XRP) could reach $6 soon. Also, analysts believe Lunex Network is the next best crypto to hit the $1 mark. Both projects are gaining traction in the market. While Ripple prepares to revolutionize cross-border payments, Lunex Network is solving the issues in the DeFi space by offering low fees and fast cross-chain swaps.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
