Ethereum sees renewed interest from investors, while Sui continues to struggle. Meanwhile, Lunex Network shows impressive growth.
Ethereum's Positive Projection
Ethereum has seen a 5.17% price increase over the past week as investors regain interest. The amount of Ethereum in accumulation wallets has risen by 65% since January 2024, indicating increased investor confidence. Currently, Ethereum trades at $2,681.64 with a 1.08% intra-day rise. However, since Ethereum's momentum indicators and CCI have already turned bearish, the price may correct to the $2,257.72 support level in the upcoming weeks.
Sui's Value Decline
Sui's price dropped 9.86% over the last seven days following insider trading allegations against the Sui Foundation. Despite these claims being denied, Sui's price action reflects decreased investor confidence. Sui is currently trading at $2.01 with a 3.15% intra-day decrease. Sui's volume has increased by 56.29% over the last 24 hours, likely due to profit-taking sentiment. If the downtrend continues, Sui's price could drop to $1.46 before testing the critical $1.05 support.
Lunex Network's Success
Lunex Network has raised over $1.1 million during its presale, attracting both retail and institutional investors. The platform offers cross-chain interoperability, set to reshape decentralized and centralized exchange markets. Lunex Network's success is attributed to its token swap facility across blockchains without third-party wallets, promising an 18% APY for those seeking passive income. During stage 4 of the presale, pricing starts at $0.0017 per token, with analysts forecasting up to an 1800% price surge by the end of the presale.
Ethereum's renewed investor interest may bolster its position, while Sui faces challenges. Lunex Network attracts investors with its unique offering and growth potential.