SOL price predictions are forecasting a bull market for SOL, which is now retesting the $200 resistance level. Over the last 30 days, SOL’s price has surged over 42% in a bull market rally that has seen meme coins on Solana’s ecosystem reach new all-time highs.
Compared to SOL price predictions, Injective’s INJ is also on a bullish resurgence after its price increased 15% from last month’s value. Injective’s protocol is designed to improve on-chain financial infrastructures for decentralized applications, and dApp developers are starting to build on its ecosystem.
Solana’s bull run begins amid a 30-day uptick of over 40%
After Bitcoin’s price surged to a new all-time high, the rest of the crypto market responded, with Solana leading the charge with an uptick of nearly 20% in 7 days. This rally is nothing more than a continuation of Solana’s surging price, which is now up 42% from its price last month. The outcome of the U.S. elections boosted the entire crypto space into a bull market, and SOL price predictions are set at $260 as the next target. While there is no guarantee that these SOL price predictions are accurate, Solana’s price movements have established support around the $200 range, as indicated by SOL’s 50-day EMA. If Solana’s bulls sustain this upward rally, Solana could surge past $250 before the year ends.
Injective’s 15% rally triggers hope for a bullish resurgence
The current price of Injective’s INJ is $26, which is a 57% drop from its all-time high 8 months ago. Injective’s protocol is built for DeFi and dApp developers. A recent development by Agora has brought a stablecoin called AUSD to Injective’s ecosystem. This is the first stablecoin on Injective and is set to be managed by VanEck, with State Street as the custodian of the U.S. dollar-backed stablecoin. This move is set to enhance liquidity across Injective’s DeFi market, potentially leading to a bull market for INJ.
Lunex Network’s disruptive foray into DeFi could spark a Web3 revolution
With the bull market building up momentum, new projects are emerging. Lunex Network is one of them, and it is built as a multi-chain Web3 bridge that features a DEX as well as an aggregator designed to offer a cost-efficient and scalable alternative to centralized exchanges.
Where your typical DEX is complex and hard to navigate, Lunex is building an intuitive DEX with access to more than 50,000 currency pairs. Plus, it is non-custodial, thus giving you full control over your wallet. Each transaction is executed on-chain, and there is 24/7 support in case of any hiccups. What’s more, LNEX holders can enjoy the platform’s staking program that offers an 18% APY.
Conclusion
The bull market is here, and crypto projects such as Solana are setting the stage for a bullish resurgence. With SOL price predictions pointing to a bullish outcome, could Injective’s INJ follow suit and rally to a new all-time high? Apart from SOL and INJ, other projects likely to gain this bull market include Lunex.
You can find more information about Lunex Network (LNEX) 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.
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