.png){kind=logo}
Solana has failed to breach the critical $163 resistance several times now, and even Ethereum’s partnership with Visa hasn’t managed to trigger a bullish rally. While these Top 3 tokens suffer with bearish dominance, Lunex Network’s new exchange-based token is already poised for 1800% gains.
Solana tried to surpass the $163 resistance at three different times since August, but it has failed every single time. After the recent rejection, Solana’s price experienced significant short term volatility as Solana investors began to lose confidence in the token’s future potential.
Solana is currently trading for $148.71 after a 3.97% intra-day decrease. The 9.91% increase in Solana’s volume in the last 24 hours suggests increased selling pressure, but Solana’s daily chart is still hinting at a bullish outlook. Since Solana’s spot demand has decreased significantly over the last few weeks. Analysts believe Solana’s price could see a steeper decline before testing the $163 resistance again.
Ethereum’s ETFs saw $85 million worth of inflows last week after being on a negative trend for the last six weeks. Amidst this rising investor interest. Ethereum Foundation also sold another 1000 ETH, bringing the total to $10.46 million in 2024. This sudden investor interest in Ethereum is due to Visa’s Tokenized Asset Platform launch on Ethereum which helps banks issue fiat-backed tokens on the Ethereum ecosystem.
Despite these significant developments, Ethereum is still experiencing bearish pressure. Ethereum is currently trading for $2,525.50 after a 3.14% intraday decrease. If selling pressure doesn’t decrease soon, Ethereum’s price could fall to the $2,257.93 support soon.
Lunex Network’s (LNEX) exchange-based token is experiencing extreme bullish momentum ever since the launch of its presale. Within a few days, Lunex Network has managed to raise nearly 500,000 USDT, proving the platform’s potential to surpass existing exchanges like Uniswap and PancakeSwap. If this bullish momentum continues until the end of Q4, Lunex Network could end up targeting the gains of Solana and Ethereum in 2025.
The main driver behind Lunex Network’s bullish growth is the platforms unique cross-chain functionalities. While traders typically connect third party wallets like MetaMask and TrustWallet to exchange cryptos across multiple blockchains, Lunex Network is connecting all these isolated networks together on its non-custodial platform. Lunex Network traders can enjoy cross-chain trading with 50,000 plus compatible crypto pairs, making it much simpler to trade and exchange digital assets.
Aside from trading, Lunex Network also offers a variety of features that attract both retail and institutional investors. With the Lunex Network Wallet and Portfolio Tracker, traders can keep track of their ETFs, bonds, and stocks in one place.
Given this diverse set of features, Lunex Network’s current selling price of $0.0013 isn’t expected to last for long. Analysts are already projecting a massive 1,800% rally before the end of Lunex Network’s presale. LNEX’s price is expected to skyrocket to the moon ahead of its official launch on the open market.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
