Solana’s price has stagnated over the last few months, pushing the token deeper into bearish territory. Similarly, dog-based token Shiba Inu (SHIB) has also encountered significant bearish pressure. Despite Solana’s recent uptick, savvy traders appear to be more interested in Lunex Network’s presale, with Lunex being praised for its scalability, interoperability, and security.
Solana (SOL) Price Continues Consolidation Phase
Solana’s price is still consolidating between $122 and $192. Although this prolonged consolidation phase allowed long-term investors to purchase Solana, analysts are still pessimistic about Solana’s future in the market.
At the time of writing, Solana was trading at $141.48 after an 8.83% intra-day surge. During this timeframe, Solana’s trading volume has also surged by nearly 77%, suggesting a rise in investor interest. This uptick comes after Solana released an affordable mobile device called the Solana Seeker. If Solana manages to capture investor interest during the conference in Singapore, it may climb toward the $192 resistance.
Shiba Inu (SHIB) Unlikely to Encounter Fresh Demand
Although Shiba Inu’s price plunged below $0.0000133 last week, it managed to close the 7-day period with a 6.5% rally. Over the last few months, Shiba Inu has attempted to trigger a bullish rally several times via token burns. However, despite these efforts, Shiba Inu’s technical indicators are still flashing bearish signals. At press time, Shiba Inu was trading at $0.0000143 after an intra-day increase of 8.59%. Although Shiba Inu’s 24-hour trading volume has surged by 86.31%, Shiba Inu is still facing significant resistance at $0.00003305.
Lunex Network (LNEX) Poised for 18x Rally During Presale Stages
As investors abandon Solana and memecoins like Shiba Inu, the hype is shifting towards Lunex (LNEX), a next-generation multi-chain bridge network that allows traders to swap over 50,000 cryptos instantly and at minimal costs.
Lunex Network is successfully setting itself apart from the competition by removing KYC verifications from its exchange. Instead of providing personal information or connecting third-party wallets like MetaMask, Lunex allows traders to exchange tokens by only providing a wallet address. This seamless and secure experience is powered by smart contracts instead of other obsolete technology, making crypto trading more transparent, cost efficient, and fast.
With its native LNEX token, Lunex Network is offering more than another crypto exchange. Instead of relying on market forces to determine gains and losses, Lunex holders can start earning big right away with Lunex’s staking rewards with up to 18% APY. These rewards are distributed through Lunex’s unique revenue-sharing model that allocates a chunk of the platform’s profits back to the community through open market buybacks.
Currently, in stage one of its presale, Lunex is selling LNEX tokens at an extremely low starting price of $0.0012. Given Lunex’s unique features, analysts are already tipping at a potential 18x surge during presale and a 50x rally after launch. Early investors are securing their tokens immediately in order to reap massive returns as Lunex becomes a dominant force in the DeFi space!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork