Solana’s strong fundamentals and rising network activity is likely to push the token’s price towards a price discovery phase before the end of Q4. Meanwhile, Lunex Network’s new DeFi exchange is also gaining traction as the platform broke past the $2.6 million milestone this week.
Solana (SOL) Likely to Enter Price Discovery Phase Soon
Solana’s price has surged by an impressive 49.17% during the recent post election rally. Since the Solana based decentralized exchanges are also recording massive amounts of inflows this week, analysts believe Solana’s price is likely to breach its previous all time high level soon. Solana is currently trading for $239.53 after an intraday decrease of 1.17%.
Although Solana’s RSI has reached the overbought zone, the current dip in Solana’s price is expected to only last for a few days. Since Solana’s MACD level suggests that there’s still room for more upticks, analysts believe Solana is preparing to target the nearest resistance at $245 soon. Breaching this level would mean Solana entering a price discovery where it sets a new all time high level before the start of 2025.
Lunex Network (LNEX) Presale Investors to Reap 1800% Gains Before Official Launch
Lunex Network has recorded several new all-time high prices since the start of its presale but analysts believe that the token will experience a massive 1,800% rally soon. Since Lunex Network is bringing Ethereum-level security and cross chain interoperability together on a single platform, it is no surprise that the platform’s native LNEX token is skyrocketing to new peaks every week.
Although there are several DEXs and CEXs in the market already, Lunex Network is setting itself apart from the competition by integrating the latest Web3 technology. This means that every cross chain transaction made on Lunex Network is processed through smart contracts that give traders an unmatched sense of security. With these smart contracts, Lunex Network is able to source liquidity from multiple sources and splits the trade to give traders the lowest possible cost per transaction.
Along with these features, Lunex Network also aims to provide long term utility with its native LNEX token. With Lunex Network’s revenue sharing model, traders can earn a weekly passive income in as little as 30 days. By the end of each week, Lunex Network repurchases LNEX tokens on the open market and distributes half of them to current stakers as rewards with up to 18% APYs. Since the remaining half of the repurchased tokens is burned forever, Lunex Network’s circulating supply remains limited which drives the token’s value further up.
Given these deflationary tokenomics, it is no surprise that retail and institutional investors are both rushing to Lunex Network’s presale to purchase tokens at a discounted price. For now, LNEX tokens are available for a low price of just $0.0026 before the highly anticipated price surge before the end of this week.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
