After Donald Trump's win, an unexpected force has emerged in the crypto market: memecoins. Led by Dogecoin (DOGE), the meme coin market has been the biggest gainer of the Trump pump. Following its 270% price increase over the last month, analysts believe the Dogecoin (DOGE) price could pump towards $1.
Friedrich, a popular crypto trader, has also predicted that Brett (BRETT) could also make a run to the $1 mark. Also, analysts forecast the value of Lunex Network (LNEX) could increase by 10x soon.
Dogecoin (DOGE) is not putting its legs on the brakes anytime soon. The Dogecoin token has been on an upward spiral in the last seven days. DOGE has been surpassing one resistance after another.
Data from CoinMarketCap shows the value of the Dogecoin crypto has increased by 148.2% in the past week. The biweekly and monthly charts have profits of 153.8% and 273.6%, respectively. Similarly, its market cap has crossed the $60 billion mark and could reach $100 billion if the uptrend lingers.
Reacting to the upsurge, Mikybull Crypto forecast the Dogecoin price may rally by 7,000% based on a golden cross formation. He posted a chart that showed the value of the cryptocurrency crossing $1 to $2.9. In the meantime, Dogecoin's (DOGE) 14-day RSI has crossed 90, a sign that buying pressure is increasing.
Brett (BRETT) has awoken from a deep sleep. The meme token has been trading below the $0.12 mark in the past three months. Its price almost dropped to $0.06. Thankfully, the Brett price has soared past the $0.12 mark to record a high of $0.13, according to CoinMarketCap.
Looking ahead, the value of this coin may climb higher based on the bullish 14-day RSI. Meanwhile, an analyst called Max is positive about BRETT. According to his analysis, the cryptocurrency follows Ethereum's price path. BRETT waits for the altcoin to break higher before it begins its own rally.
Max forecasts that the value of the Brett coin could increase to $0.28 soon. Friedrich says the value of the memecoin could increase to $0.50 in the coming weeks. The trader added that a move to $1 is inevitable.
This forecast places the Brett crypto among other meme currencies that are aiming for the $1 mark. Momin predicts the market cap of the cryptocurrency may reach $5.60 billion based on the positive sentiment surrounding the meme currency.
While the meme coin market has been blazing on, Lunex Network (LNEX) has emerged in the DeFi market with even bigger potential. Lunex Network is a new trading platform developed with features aimed at making crypto trading accessible for users. The project has attracted the attention of investors, raising over $2.12 million in presale.
Lunex Network has caught the attention of many because of its non-custodial platform which gives priority to the decentralization of control, anonymity, and inclusiveness. Lunex is attracting investors who are seeking new and unique projects in the DeFi space.
Lunex is also a cross-chain platform that enables users to trade over 50,000 assets across various blockchains. This cross-chain functionality also saves the user the time of having to change between multiple wallets or exchanges, which is crucial when building a portfolio.
In enabling various types of assets across multiple chains, Lunex brings an optimum trading environment for both novices and experts. At the moment, the LNEX token is trading at $0.0021 in its blockchain ICO. Analysts are optimistic about the cryptocurrency, saying that its value could increase by 10x soon.
The prices of Brett, Dogecoin, and Lunex Network could increase in the coming months. Investors who want to grow their assets can consider them before their prices go higher.
You can find more information about Lunex Network (LNEX) here:
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