Ahead of the Q4 market rally, Solana is one of the cryptos projected for massive rallies. Having failed at the $160 mark a few days ago, there are clear indications that the next push will take the Solana price towards the $180 price point.
While Solana is witnessing a mixed signal, another emerging crypto, Lunex Network, has been backed to follow the price trajectory of Solana, which has gained over 16,600% since its launch. The non-custodial Lunex exchange is set to solve major issues people encounter in exchange like security, transparency, etc. As such, analysts tip it to hit 50x before the end of presale.
Lunex Network DeFi Exchange – a Groundbreaking Innovation in the DeFi Industry
In the past few months, there has been increasing adoption of DeFi in financial transactions, with the DeFi market cap projected to hit $100B in 2025. However, even with this positive projection, the industry has faced many challenges, which Lunex Network is solving. Unlike DEX platforms such as Uniswap, which have high fees, Lunex Network fees are cheaper.
Lunex Network is the next-generation DeFi exchange that will allow traders to buy and swap cryptocurrencies at lower fees comparable to those of Uniswap and PancakeSwap. Unlike other exchanges, Lunex Network doesn’t require KYC or the stress of connecting a wallet like Meta Mask. All you need is to link the receiving address and perform transactions.
Notably, the Lunex Network wallet is non-custodial. In essence, you can buy, sell, and swap assets all from one account. Another notable feature that beats competitors is the staking pool. Users can stake their tokens for as little as 30 days and earn up to 18% APY rewards. It also supports multicurrency staking, allowing you to stake cryptos like BTC, etc.
Going forward, you can use cryptos as collateral to obtain short-term loans in USDT and fiat. With these features, experts believe the LNEX token will follow the path of Solana. As such, they have made a bold 100x prediction for the LNEX coin in the coming months. At just $0.0013, this stage 2 presale is the best time to join before the price heads to the moon.
Solana Price Analysis – Analysts Forecast Trouble in Solana Chart
Solana, the popular proof-of-stake blockchain, has struggled in the past weeks after failing its attempt at breaking out of the $160 major resistance trendline. According to crypto analyst Randy Marcote on social media platform X, Solana coin is in trouble. Marcote believes that if Solana’s price breaks the ascending support, it could drop to $127 once again.
According to CoinMarketCap stats, the Solana price is struggling to maintain the $140 support zone, a key that will determine its reversal. However, the Solana trading volume is witnessing slight growth, which could trigger a resurgence soon. Even at that, data from Coincodex shows that Solana market sentiment is bearish.
A further study of the technical analysis from Tradingview shows that Solana crypto is trading below the 50-day ($144.08) and 200-day EMA ($140.76). Over 15 key market indicators are showing a bearish signal. A look at the Solana chart shows that attempts to surpass the $146 mark have been unsuccessful. However, in their Solana price prediction, Coincodex projects the SOL price to reach $159 in the short term.
Why Investors Are Building Their Crypto Wallets With High-Potential Coins
Even though the market is showing mixed signals, investors are still searching for profitable projects that can return gains in the short and long term. With Solana dangling with the bears, Lunex Network could offer more profit opportunities. With its amazing ecosystem, there is no doubt that its adoption will skyrocket soon, as seen with BNB when Binance was launched.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.comSocials: https://linktr.ee/lunexnetwork
