The post AI predicts this Ethereum-based altcoin to follow explosive SUI, XRP pump appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lunex Network emerges as a decentralized exchange contender, poised to rival Ripple and Sui with smart features and explosive growth potential. The rundown of Lunex Network’s capabilities has been fed into AI and the artificial intellect has spoken. With its vast array of features and trader perks, Lunex Network could mimic the rallies that Sui (SUI) and Ripple (XRP) have experienced over the past month. Let’s dive deeper into this new promising project. Ripple enters up-only mode Years of ongoing legal issues with the SEC have taken a toll on XRP’s price action and investor sentiment. However, things quickly turned around with Donald Trump winning the US presidential election. A mammoth dose of optimism and euphoria was injected into the crypto markets with Ripple being among the main beneficiaries. Shortly after, the head of SEC, Gary Gensler announced his resignation come January 2025. This further galvanized the Ripple community as Gensler played a key role in the regulatory crackdown that saw many crypto projects come under scrutiny. Over the last month alone, XRP soared by a massive 184% with its price tearing through resistance levels with ease. After peaking at $1.63, Ripple experienced a moderate correction and retested the $1.40 support. At press time, Ripple sells for $1.45 with a 7.8% intraday increase. Sui is retesting lower levels after near-vertical surge After a brief consolidation phase around the $2 level, SUI broke out with an explosive move that saw it reach a new all-time high of $3.93. This is where traders started taking profit, forcing a pullback that sent Sui revisiting the $3.12 support where it has currently settled.  Despite being a relatively new project in the Layer 1…

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Filed under: News - @ November 29, 2024 8:21 am