An early Shiba Inu (SHIB) investor capitalized on the ongoing market downturn, selling nearly 400 billion tokens for a staggering $9.59 million profit. The transaction was reported by Lookonchain, a platform monitoring significant financial movements in the crypto space. The investor initially purchased 15.28 trillion SHIB for just $3,800 in August 2020 at an average … Continue reading "Early Shiba Inu Investor Nets $9.59M Amid Market Downturn" The post Early Shiba Inu Investor Nets $9.59M Amid Market Downturn appeared first on Cryptoknowmics-Crypto News and Media Platform .
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Ethereum Price Prediction: ETH to $20K? Whales Loading Up for a Massive Bull Run
The post Ethereum Price Prediction: ETH to $20K? Whales Loading Up for a Massive Bull Run appeared first on Coinpedia Fintech News Ethereum is struggling to maintain a level above $4k, even in a bull run, but where can Ethereum go? Coincodex has the Ethereum price prediction at quite bullish, but a $20k mark seems a ways off. This begs the question of whether Ethereum is a good investment or if there are alternatives like Lunex Network to set the market on fire. Ethereum (ETH): The Road To 20k? The market had a red week in the second week of December as investors took a well-deserved profit off the massive November gains. One of the tokens that underperformed was Ethereum. While Solana and Bitcoin – and a host of others – reached their ATHs during the November bull run, Ethereum maxed out at a hair over $4k, still almost $900 short of its ATH. The Ethereum price prediction is relatively bullish, and Coincodex predicts ETH will break the $4k mark by the new year. Is this enough, though? The Ethereum price prediction is said to max out this cycle at just under $7k in November next year before falling to about $4,700. But what about the mythical $20k mark for the Ethereum price prediction? Coincodex says that is a long time off. 2033, to be exact. That will mark a 5x return for Ethereum. The Bitcoin price prediction for the same timeline is over $700k for a 7x return. The Ethereum price prediction says it’s not a great investment. Lunex Network (LNEX): A Rising Star For The Next Bull Run The cryptocurrency market thrives on cycles, and during a bull run, savvy investors seek out opportunities with massive growth potential. While major tokens like Ethereum grab headlines, the real gains often lie with emerging platforms like Lunex Network . Lunex Network is a next-generation Web3 decentralized exchange offering users unparalleled ease of use, security, and scalability. Though utilizing non-custodial wallets, Lunex eliminates the need to keep tokens in exchange, which ensures complete user control over assets. Sporting over 50,000 trading pairs across multiple blockchains, it’s firing a warning shot across the bow of established exchanges like BNB and Uniswap: Lunex is coming! Unlike larger tokens that often plateau during bull runs, Lunex Network offers exponential growth potential. Its innovative technology, which combines on-chain and off-chain elements, ensures lightning-fast transactions while maintaining the decentralized integrity that crypto enthusiasts demand. Leveraging features such as a liquidity aggregator and a robust staking program, Lunex positions itself as the disrupting force in the DeFi and crypto exchange ecosystem. For investors looking to maximize returns, Lunex Network represents an opportunity to participate in a project designed for long-term scalability and user-focused innovation. While giants like Ethereum promise steady progress, Lunex could redefine expectations during the next bull run. Conclusion Investing in crypto can be highly lucrative, and the appeal to established tokens like Ethereum is undeniable. However, these big guns are not necessarily the best tokens to invest in, even in a bull run. The Ethereum price prediction is bullish, but it’s not bullish enough considering the growth potential of tokens like Lunex Network. Smaller undervalued tokens like Lunex Network can return 100x – even more – at the same time it would take Ethereum to make a mere doubling of value. It’s worth adding Lunex Network to a well-balanced crypto portfolio. Lunex Network is now available at $0.0046. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwo r k.com Socials: https://linktr.ee/lunexnetwork Cryptoknowmics
CURVE DAO PRICE ANALYSIS & PREDICTION (December 21) – CRV Drops To Three-Week Low Following A 40% Correction In A 7 Days
As altcoins continued to suffer losses amid the ongoing correction, CRV saw another 15% drop overnight to reach its lowest level in three weeks. It may appear weak, but its short-term bullish trajectory is still intact. The first and second weeks of December saw CRV’s price through a consolidation phase after failing to push above $1.34 earlier this month. Breaking down from that phase, it lost the key $1 level on Wednesday and closed with an engulfing bar. This triggered more sell-offs yesterday and the price further fell off the $0.8 level to a low of $0.735 today. There are no signs of recovery yet as supply becomes heavy in intraday trading. The bears are now targeting the $0.7 level. If this price level holds, we can expect a small relief in the selling pressure. If not, it may enter the $0.5 range before bouncing back stronger. Looking at the last three days of trading, which marked CRV’s biggest drops since the crypto started to correct lower, it seemed to have reached an oversold condition in the hourly timeframe, though there’s still room for selling in the daily timeframe. So far, the overall market condition has been horrible following a 40% loss in the past week. Nonetheless, there’s still hope for the long-term bulls. A drop below $0.2 could trigger a serious bearish sentiment. CRV’s Key Levels To Watch Source: Tradingview The next target support for the bears right now is $0.577. If it breaks, the key support level to watch next would be $0.47. A broader correction could bring us back to $0.367 before initiating a fresh increase. A recovery from the current daily low could bring a retest at the flipped $0.88 and $105 levels. The higher resistance level for a break-up is $1.34. Key Resistance Levels: $0.88, $1.05, $1.34 Key Support Levels: $0.577, $0.47, $0.367 Spot Price: $0.736 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: karnoff/ 123RF // Image Effects by Colorcinch Cryptoknowmics