According to data from Lookonchain, a trader has turned $727 into a whopping $2.42 million within four days. The unknown individual bought 15.15 million $GOAT for 5 SOL and then sold 5.7 million $GOAT for 5,999 SOL, making a profit of 3,329x.
While Dogecoin $0.399743 (DOGE) and Ripple (XRP) $1 are top crypto coins, many are now asking if they can replicate such gains. Due to their already high market cap, analysts are turning the baton to new entrants with stronger potential, like Lunex Network. Experts have tagged Lunex Network as the best crypto to buy for 18x gains in the coming months.
Grayscale Eyeing Dogecoin (DOGE) for Investment Offerings
Digital asset manager Grayscale has disclosed a list of top altcoins that are now under its consideration for the company’s investment products. The list includes Dogecoin (DOGE) and 34 other cryptos.
There are plans to consider Dogecoin (DOGE) as a potential entrant under the asset manager’s “consumer and culture” division. The news has sent excitement across the memecoin community as such a product could bring more investors to Dogecoin crypto.
Such a move could lead to a massive price surge in the coming weeks. Presently, the Dogecoin price is up 16% on the weekly timeframe, according to CoinMarketCap data.
The cryptocurrency has also increased 22% on the monthly level and 103% on the yearly chart. The coin’s 14-day RSI is currently above the 50 mark, according to TradingView, signaling a potential price surge. CryptoAM17 predicts that the value of the Dogecoin token could pump to $0.35 in the coming weeks.
Bulls and Bears Face Off, But Analysts Remain Optimistic About Ripple (XRP)
Ripple (XRP) seems to be in a tug of war as the bears and the bulls battle it out for supremacy. As for the weekly timeframe, the presence of bulls can be felt, with an increase of 4%, according to CoinMarketCap. However, bears are dominating on the monthly chart as well.
For the bulls to establish control, the Ripple coin must first reclaim the supports at the 200-SMA and the 50-SMA. However, according to the current market analysis, it has been established that the Ripple crypto might start rising in the market in the coming few weeks.
A top trader known as MrTTrades predicted that the Ripple price may rise to $0.7342 in the next few weeks. Other analysts like XRP_Avengers and JGDYKWIM are also bullish about Ripple (XRP). They believe the altcoin could print a mega green candle in the coming weeks.
Lunex Network (LNEX) Supports Swaps Across Many Blockchains
Lunex Network (LNEX) is a unique hybrid platform that supports token swaps across more than 20 blockchains. This feature makes Lunex Network different from DEX, like Uniswap, which supports only Ethereum $3,115, or PancakeSwap, which supports only Binance Smart Chain.
Lunex Network allows token swapping between various blockchains without much charge or inconvenience for users. This makes it possible for users to trade tens of thousands of cryptocurrencies without having to swap between platforms for cross-chain operations.
Apart from these, those who have Lunex Network’s LNEX token enjoy several privileges. They receive discounts on purchases, lower transaction fees, are eligible for platform rewards, and can stake their coins for passive income.
Because of these features, excitement has been building towards the launch of the Lunex Network. While in stage 3 of its presale, the LNEX token is priced at $0.0015. Analysts say the token is a good investment choice for smart investors, as it could skyrocket towards $0.1 before the year ends.
Lunex Network, A Better Choice Than Dogecoin and Ripple
While a 3,329x return is appealing, investors are looking for the next best crypto that could follow such a path. While Dogecoin (DOGE) and Ripple (XRP) are among the popular altcoins, the main focus is on new underdogs like Lunex Network. Experts say it is the best cryptocurrency for mega gains in the future.