Bitcoin (BTC) Rising Sparks Hope of Bull Trend Return, Binance Coin (BNB) Could Reach $1k – Market Updates

Given the current market sentiment and with Bitcoin rising, analysts expect that the long-awaited bull trend could happen soon.

Several analysts are optimistic about the upcoming bull trend in the crypto market, especially with Bitcoin rising. Binance Coin (BNB), Tron (TRX), and Lunex Network (LNEX) are among the altcoins that could benefit from the bull market.

Binance Coin (BNB) has been attempting to break through the $600 resistance level for the past week. However, the token has failed to remain above the resistance level in some cases.

But things could change soon. For example, CryptoAM17 recently discussed Binance Coin (BNB) on X. In the chart he posted, the altcoin’s trading price was between $500 and $700.

He said the price of Binance Coin could reach $1,000 in the next few months. However, the analyst said it must be over $700 before crossing a major milestone.

Other analysts, such as Jedi_DeFi, made the same prediction. Anish Sharma even went a step further, saying the value of Binance Coin BNB could pump to $1060 if it breaks above the $600 resistance.

Tron (TRX) has been on an uptrend in the past month. The cryptocurrency has benefited from the rise of memecoins on its platform. Universe of Crypto says the value of the Tron coin could pass its current all-time high of $0.3004. Other analysts, such as Mammon, share the same sentiment.

The expert talked about the hate and criticism Tron crypto has faced over the years. However, Mammon said Tron (TRX) is gradually moving upward and could set a new all-time high soon.

In the short term, Enj.Jas told his followers that the Tron token has a strong resistance level of $0.18. Closing above the resistance could push TRX’s value to $0.22 in the next few weeks. On the downside, the cryptocurrency has support at the 50-SMA ($0.156734).

Lunex Network (LNEX) is a platform that aims to solve problems in the crypto market. It uses smart contracts to allow its users to swap over 50k cryptocurrencies at low fees and high speed.

But this DeFi project does not only enable smooth cross-chain crypto swaps. It also removes KYC checks or third-party wallets. The platform has an inbuilt wallet that can hold cryptocurrencies and traditional assets like stocks.

Lunex Network also rewards its users and token holders in the following ways. First, 50% of the income from swapping is shared with those who hold the $LNEX token, and the other 50% is allocated to provide unique incentives. This revenue share model allows users to earn as much as 18% APY as passive income.

As more and more people show interest in its presale, the $LNEX token will rise dramatically on the day of its launch. Currently, Lunex Network is in its fifth presale stage and has raised over $1.6 million. The LNEX is valued at $0.0019, but analysts believe that it could rally by up to 1,000% as more users join the exchange.

According to the analysis of crypto experts, we might see the price of Binance Coin (BNB) soaring to $1,000 in the coming months. Also, Tron (TRX) and Lunex Network (LNEX) are some of the best altcoins to watch out for. Analysts say their prices could skyrocket to new peaks soon.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

The above is the detailed content of Bitcoin (BTC) Rising Sparks Hope of Bull Trend Return, Binance Coin (BNB) Could Reach $1k – Market Updates. For more information, please follow other related articles on the PHP Chinese website!