Crypto Price Analysis: Solana (SOL), THORChain (RUNE), Stacks (STX) and Lunex Network (LNEX)?

This October, Solana’s price has remained a hot topic as the cryptocurrency market experienced significant fluctuations. Investors are closely monitoring Solana's price movements while also exploring promising new opportunities. At the same time, THORChain (RUNE) whales are making strategic moves, snapping up Lunex Network (LNEX) tokens. Lunex Network’s multi-chain trading capabilities and strong tokenomics have sparked growing interest from major players in the space. $LNEX is poised for 700x growth during the presale stage, making it an exciting investment for whales.

Solana Holds Steady After Mid-October Gains

On October 15, the Solana price hovered around the $154 mark, reflecting a 4% increase that excited investors. Just a few hours later, it reached $158, fueling optimism that Solana might hit $165 by the close of trading on October 16. Unfortunately, that surge didn’t materialize, with the Solana price settling at $154.66—representing a 0.5% dip within 24 hours. This slight drop highlights why some Solana holders remain cautious about its bullish outlook for Q4 2024.

However, the last seven days tell a different story, offering hope to Solana investors. In the last week, Solana has gained 8.2%, hitting $154.66 from $142.65. With daily trading volume up 31% over that period, analysts still think Solana could still post a bullish rally before the year ends. Some even believe Solana could challenge its all-time high of $258.88 sooner than expected.

THORChain Holders Hopeful Despite Bearish Trends

THORChain hasn't been performing well over the past 24 hours, with its current price sitting at $5.11, reflecting a 2.33% dip. Despite this, THORChain holders remain optimistic due to recent developments within the ecosystem. The notable growth comes from the merger of decentralized finance (DeFi) network Kujira and other key projects into the “Rujira Alliance.” This strategic alliance aims to create a new application layer supporting THORChain’s cross-chain liquidity protocol, potentially boosting the network's utility and expanding its influence.

With trading volume surging by 44% to $272.22 million, many THORChain investors are hopeful for a long-term rebound to its all-time high of $18.7. However, the lingering bearish forces leave room for doubt, leading many THORChain holders to diversify by purchasing $LNEX tokens as a hedge.

Stacks (STX) On A Bullish Run

Stacks is a layer that adds smart contracts and distributed applications to the Bitcoin ecosystem. This enables these applications to claim Bitcoin as an asset and conduct transactions on the Bitcoin blockchain. Consequently, Stacks improves Bitcoin and its functionality. 

Stacks market sentiment is bullish as Stacks’ price has soared 263% in the past year, beating 77% of the top 100 cryptocurrencies. The token trades above its 200-day simple moving average, which suggests a healthy long-term trend.

The 14-day Relative Strength Index (RSI) is at 37.18, suggesting a neutral zone and the potential for sideways trading. In the last 30 days, Stacks recorded 17 days of positive performance, showing a positive momentum 57% of the time. High liquidity relative to its market cap further facilitates trading without significant price fluctuations.

Lunex Network Takes On Solana and THORChain with Unique Cross-Chain Features

Lunex Network is experiencing rapid growth due to its unique utility, scalability, and real-world adoption. Unlike platforms tied to a single blockchain, Lunex Network enables cross-chain transfers across more than 50,000 compatible blockchains, executing transactions via smart contracts for lightning-fast speeds and the lowest gas fees. 

Lunex Network also prioritizes user privacy by eliminating KYC requirements and third-party wallet integrations, ensuring complete anonymity. With a community-first approach, Lunex Network rewards users through its native token, $LNEX, and offers other benefits like instant swaps backed by institutional liquidity, exclusive token discounts, cash-back rewards, and a B2B payment gateway for businesses to accept crypto and swap it for fiat. 

Additionally, the platform includes a portfolio tracker and Lunex Pro, a premium service providing advanced tools like AML wallet checks. These features position Lunex Network to challenge giants like Solana and THORChain.

At just $0.0015 during stage 3 of its presale, $LNEX has already raised over $834,000 USDT, with analysts predicting a surge towards the $1 mark sooner than expected. If this momentum continues, Lunex Network could easily secure a spot among the top 50 cryptocurrencies post-launch.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork