Lunex Network (LNEX) Token Projected to Hit $0.1 in Q1 2023, Will Outshine Stellar (XLM) and Polkadot (DOT)

The crypto market has seen a massive selloff in recent days, as upcoming US job data could influence interest rate expectations and impact the broader crypto market. Stellar price has dropped 9% over the past week, while Polkadot token value has decreased by 14% in the same period.

However, Lunex Network (LNEX), the next-generation DeFi crypto exchange, has continued to grow, with early investors already seeing profits. The new trading exchange, which enables the instant transfer of digital assets anonymously, is seen as a direct competitor to established exchanges. Follow us as we explore which altcoin will lead the Q1 market rally.

Stellar Price Prediction – Can XLM Bounce Back Above $0.60?

US Federal Reserve Chairman James Powell’s recent statement that interest rate cuts will depend on progress reports on inflation has put further pressure on the financial market, causing a significant crypto market downturn. Stellar price is struggling to maintain the critical $0.40 support zone, with Stellar trading volume also showing a decrease, according to CoinMarketCap.

The altcoin price has now dropped over 35% from the November high, as Stellar market cap dips from $17B to $12B. However, analysts believe the dip might be the best time to enter the project. Natalie Dormer claims that if the Stellar token can bounce above the $0.43 support zone, it could hit the target of $0.49.

On the other hand, Andrew Griffiths thinks that if the altcoin fails to hold the $0.39 support level, it could drop further to $0.30 or $0.22 before bouncing back. While investors wait for trend reversal, the Stellar crypto technical indicators are showing a buy signal with the XLM price above the 30-day SMA ($0.39). Although the market sentiment is neutral, if it can bounce back above $0.43, it could hit $0.60 in Q1, making it one of the altcoins to watch.

Polkadot Price Projected to $10.93

Polkadot is one of the altcoins that have been struggling in the past weeks. According to the market data, the Polkadot price has declined by 20% in the 30D timeframe, with the market cap also witnessing a significant dip. The Polkadot trading volume has also dropped by over 30% in the past 24 hours, further triggering speculations of a further drop

While the Polkadot token is struggling to hold support at $6.86, crypto analyst Rose Premium Signals projects a recovery towards $8.45, $9.61, and $10.93 in the coming days. In a similar opinion, another analyst, Flash, believes the DOT price could hit $8.7, $9.8, and $11.5 soon. For the altcoin to witness big moves above $10, it has to overcome the $8.18 and $9.50 resistance zones.

Meanwhile, Polkadot technical indicators are down, with the altcoin price below the 50-day SMA ($8.145). However, the RSI is at 41, indicating that it is not yet in the overbought zone. As such, now might be the best time to buy the dip.

Can Lunex Network Price Reach $0.1 in Q1?

Lunex Network (LNEX) is designed to transform the $104B DeFi industry with its non-custodial trading exchange that allows users to instantly trade and swap cryptocurrencies across multiple blockchains at the lowest costs. The new trading exchange allows users to spot trade over 50k crypto trading pairs without the need for KYC or wallet connections like Trust Wallet.

This eliminates the issues encountered in centralized exchanges, such as interoperability, security, and privacy. The Lunex Network serves as an excellent solution for storing digital assets. The DeFi wallet allows users to buy, sell, and swap cryptos, all from one application, while the portfolio tracker allows users to track multiple assets like cryptos, stocks, bonds, EFTs, etc.

Outside of that, the Lunex Network trading exchange is also an avenue for businesses to manage payroll. The non-custodial B2B payment gateway permits businesses to receive payments in cryptos and convert them into fiat. Lunex Network is the world’s first DeFi crypto exchange that allows for a revenue-sharing model aimed at rewarding token holders.

The LNEX token powers the exchange and is sold for just $0.0054. Early investors have made over 350% ROI within a few weeks. Given that the LNEX token will be used for listing fees in the exchange, the upcoming buying pressure will likely boost the price. With over $6M raised in presale and 2.4B LNEX tokens sold