Cryptocurrency is inherently volatile, as demonstrated by this recent market crash that has seen mass liquidations and declines following euphoria in the market.
Solana and Binance Coin are down on the daily charts, while smart money investors anticipate a major market recovery after Christmas. With this in mind, analysts urge new money buyers to look into the new DEX-swapping gem Lunex Network, which could 50x as soon as January 2025. Read on to learn more.
Investors Anticipate Solana To Recover Citing Bullish Technicals And Sentiment
Solana has seen a 20% pullback from its recent new all time high of $263, dropping to $206 amid a broader cryptocurrency market sell-off. This decline aligns with significant drops in Solana’s ecosystem, including meme coins like Dogwifhat and Bonk, which plunged by over 20%, reducing the total market cap of Solana based meme tokens to $17.7 billion.
Bullish sentiment for Solana persists among analysts, with a forming cup and handle pattern on both the weekly and monthly charts suggesting further upside potential for Solana amid an encroaching market resurgence. Some experts predict Solana could reach $500 to $600, representing a potential 200% rally from Solana’s current dip.
Binance Coin’s Year-Long Bullish Upward Trajectory Likely To Preserve Following The Market’s Recovery
Recently hitting an all-time high of $794, Binance Coin has experienced remarkable growth throughout 2024. This milestone highlights growing confidence in Binance’s ecosystem, fueled by Binace Coin’s strong performance and increasing adoption across various use cases. Currently, Binance Coin is trading at $715 following a slight pullback, reflecting a notable year-long upward trend bolstered by heightened trading activity and market interest.
The recent surge in Binance Coin’s price, prior to the market’s recent capitulation, aligns with a significant increase in on-chain activity, with transaction volumes reaching over $6 billion. Social sentiment surrounding Binance Coin has also surged to its highest levels this year, signaling strong community engagement and investor optimism.
While short-term price fluctuations may continue to occur, the broader trajectory points to further growth for Binance Coin as soon as the market recovers, though it’s unlikely that Binance Coin will replicate its 2021 performance this time around.
Can Lunex Network Amass 10x Returns As Soon As January? Some Bullish Analysts Say Yes
While Solana and Binance Coin prepare for modest growth, Lunex Network stands out as a revolutionary DEX-swapping platform with the potential for 10x gains as soon as January. As the market gains traction, LNEX is expected to capitalize on growing hype and adoption.
Lunex Network’s appeal lies in its no-KYC component, allowing users to trade anonymously without the need for identification documents. By removing reliance on third-party wallets like MetaMask and PhantomWallet, the platform also offers a user-friendly and privacy-centric trading experience.
With the ability to trade more than 50,000 assets, Lunex Network’s users are well-equipped regardless of which cryptos are in their portfolios. In addition, the LNEX platform ensures lightning-fast transactions with minimal fees. Advanced smart contracts facilitate this, simultaneously providing full transparency, enabling users to monitor all activity on the platform.
The platform’s staking offers up to 18% APY, incentivizing long-term holders of cryptocurrencies like Binance Coin and Solana. Its revenue-sharing system further supports stability by discouraging sell-offs and encouraging engagement.
Currently priced at $0.0044, Lunex Network represents a golden opportunity for investors looking to get in early. As the bull market approaches, this innovative platform is primed to deliver exceptional returns.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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