Bitcoin has finally crossed the $89k mark, sending positive momentum across the crypto market. The leading coin is not only enriching its holders but also stimulating top altcoins to achieve record-breaking results.
Out of them, VeChain (VET), Injective (INJ), and Lunex Network (LNEX) are trending. Their price movements are rising steeply, which has attracted the attention of many first-time and institutional investors. Experts believe their prices could increase in the coming weeks.
VeChain (VET) is showing upward movement on the price chart. The value of the VeChain crypto has risen by 49.3% on the weekly chart and 28.8% on the monthly level on CoinMarketCap. The token had fallen below the $0.02 mark on November 4.
However, the positive movement of Bitcoin and Donald Trump’s election victory changed the trajectory of the VeChain coin. Bulls are currently aiming for the $0.03 mark. Surpassing this level could open doors to more price gains in the coming weeks.
Besides, Scofield said in a recent tweet that the VeChain token is waking up. Niklas Theisen told his followers on X that the cryptocurrency has to break above the $0.033 level to start a decent rally. If this happens, analysts like CaptToblerone forecast the value of the DeFi coin could increase to $1.6 in the long term.
Flash predicts a short-term price target of $0.05 for VeChain (VET). At the moment, the sentiment surrounding the altcoin is positive. The cryptocurrency has crossed the 200-SMA at $0.028235. Also, the relative strength index is above 70. These are bullish signals that point to more uptrends.
Injective (INJ) is among the AI coins that analysts expect to ride this wave to new highs in the coming weeks. Dona.Inj compared the coin’s price chart with that of Solana in 2021.
The analyst believes the Injective crypto could produce a parabolic run to $116 in the coming months. Another expert, B.O.G, says the value of INJ might reach a new all-time high of $64.
In the meantime, the Injective price has crossed the $26 mark, according to CoinMarketCap’s data. The Injective coin has crossed the 50-SMA ($20.56) and 200-SMA ($22.30). The Injective coin picked pace after the announcement of the winner of the US presidential election.
This price movement shows that bulls are in charge. If the uptrend should continue, we might see the altcoin price reach the $30 level in the coming days. On the flip side, a bearish move could invalidate these price forecasts. In such a scenario, the value of Injective (INJ) could suffer a sharp drop to the 200-SMA.
Shaking up the DeFi market in its presale, Lunex Network (LNEX) has raised over $2.5 million. Different from most competitors, Lunex Network is a next-gen trading platform that enables sellers to accept cryptocurrency and receive fiat instantly.
Lunex Network also has a B2B payment gateway that creates opportunities for companies to integrate crypto into their operations without the exposure inherent in handling cryptocurrencies. Furthermore, Lunex has a VIP plan for customers with more experience in the field and such bonuses as cashback for transactions and better staking services.
Lunex Network also combines the concept of increasing the earning capacity with better tools for those who might want to have a full crypto experience. Altogether, Lunex Network’s business integration and VIP rewards are a strong combination. Also, the staking program is an attractive option for investors who want to earn passive income from staking.
The Lunex Network coin has also been a part of the crypto market rally, skyrocketing to a new high of $0.0026. Looking ahead, analysts forecast the value of LNEX could increase by 10x before the end of the year. Such potential makes it a top crypto to buy.
The top altcoins to watch right now are VeChain (VET), Injective (INJ), and Lunex Network. Lunex Network has already given investors up to 58% returns. Experts believe more gains could be on the way.
Website: Lunex Network
Socials: Join Lunex’s Growing Community
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.