Investor interest has shifted as Injective’s (INJ) price momentum slows, prompting a search for potential safe havens. Investors are targeting established assets such as Cardano (ADA) and the Ethereum-based altcoin, Lunex Network. Strong fundamentals and cross-chain capabilities make Lunex Network a promising investment opportunity for 202. As the market cools for Injective, investors are exploring these alternatives for stability and growth.
Upbit announced lately that Injective (INJ) will be traded on its KRW (Korean Won) and USDT markets. This listing is viewed as a strong endorsement of Injective’s long-term potential, given Upbit’s strict criteria for adding new tokens.
In the hours after the news broke, Injective's price jumped more than 10%, briefly surpassed $23, and settled at $21.67. Injective’s market capitalization stands at $2.10 billion and its 24-hour trading volume climbed 108.69% to $256.16 million.
Market analysts anticipate this momentum to continue. They predict that Injective could soon hit $24, which may lead to another all-time high. Upbit’s support has boosted liquidity, making Injective more attractive to new traders. This increased activity could push prices higher in the coming days.
Cardano's price has recently jumped up. Cardano increased by 3.83% in the past week and 4.51% during the last month. However, Cardano’s price dropped by 22.93% in the past six months. ADA is now trading in between $0.33 - $0.37.
Cardano is neither overbought or oversold based on the Relative Strength Index of 43.44. The 10-day and 100-day Simple Moving Averages are at $0.36, suggesting a neutral trend. The MACD is at -0.0009110 and the Stochastic is at 30.00 suggesting possible consolidation for Cardano.
Key price levels are being monitored by analysts. The nearest resistance is at $0.39. If Cardano breaks above this, the next target could be $0.42, marking a 13% rise. On the negative end, the nearest support is at $0.31. Under this level, Cardano’s price could test the second support at $0.28 and possibly drop 15%. These levels are being watched by traders to see how Cardano reacts next.
Lunex Network is launching a crypto exchange with multi-chain trading to distinguish itself from traditional DEXs and CEXs. With the latest blockchain technology and smart contracts, Lunex Network allows traders to swap over 40,000 tokens across several blockchains.
Lunex Network provides top security with no KYC so traders can trade anonymously with their crypto holdings. Every transaction is encrypted on Ethereum's immutable blockchain to prevent any potential data theft or tampering.
The staking rewards on Lunex Network are perhaps the best feature. After holding $LNEX tokens for 30 days, investors can earn 18% APY. Lunex Network has entered its third presale phase this week, offering $LNEX tokens at $0.0015 each. The token’s price has already risen by 25% in a few weeks, and analysts are predicting a 100x return once it launches.
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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