Solana has surged past a $100B market cap, sending prices on a collision course to retest 2021 all-time highs before the year ends. The same is true for the BNB price, which is skyrocketing off the charts thus far this November. The bullish Solana and BNB price action has led analysts to predict that both SOL and BNB could retest all-time highs imminently. How likely is a Solana and BNB price resurgence to their most recent all-time highs in 2021 and 2024, respectively? Let’s find out.
Solana market cap blasts past a $100B valuation
Not too long ago, it seemed as though everyone had written Solana off after plunging to its January 2023 nadir of $9. Fast forward to November 2024, however, and Solana is on the verge of retesting its all-time high of $260. This comes off the heels of the overall Solana market cap ballooning past $100 billion this past week, riding the post-election afterglow that has sent the market into overdrive.
Another major factor driving Solana‘s resurgence is the recent US Federal Reserve rate cuts, fueling the macroeconomic backdrop that could bring around a bull run of epic proportions. As of press time, Solana was trading at $213, or just a stone’s throw from retesting its 2021 all-time high of $259—which it may very well achieve before the year ends if the bullish sentiment holds up.
BNB price setting up for an ATH retest by year-end
Binance Coin has shown remarkable resilience after going through its own moment of doubt and pain. Last October 2023, the BNB price plunged all the way to $205 amid a major shakeup at Binance, which ultimately led to erstwhile Changpeng Zhao’s removal as chair. But lo and behold, BNB’s price eventually minted a new all-time high of $717 last June.
BNB’s price has hit $662 thus far in November, sparking speculation that BNB could mint a new all-time high by the end of the year. With the current BNB price just a mere 11% away from its June highs—with the Binance-backed token trading at $633—a potential breakout to close out the year is most definitely on the cards.
Like Solana, BNB has benefited immensely from the easing macroeconomic conditions, the recent election result that analysts believe could be favorable from crypto as a whole, and the recent Fed rate cuts that could heighten the demand for risk-intensive assets from both retail and institutional investors alike.
Lunex Network shaping up for a parabolic spike in 2024
BNB and Solana might be hogging all the headlines—but the smart money is betting big on low-cap gems that could go on the same runs that today’s big-cap leaders did during their initial runs to their all-time highs and in 2024, that opportunity has emerged with Lunex.
With 2025 expected to bring in a revival of the DeFi sector, cross-chain DeFi protocols like Lunex Network—with its all-in-one multichain swap, staking, and crypto wallet solution—could be a low-cap gem to watch. If you’ve missed out on BNB and Solana, you’re still early to the moon mission with Lunex.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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