1 week ago
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Judging by recent events, the crypto market is primed to go on an unprecedented bull run. Bitcoin has had a resurgence in recent weeks and Donald Trump being elected as the 47th president of the United States sent markets into frenzy mode.
Moments after his victory, Bitcoin hit a new all time high above $75,000, and this is expected to set off a flurry of crypto activity. The Solana community, especially, is abuzz with euphoria, and the positive sentiment is flowing into Monero as well. How will these two tokens, SOL and XMR, perform in the coming months? Ambitious crypto investors want to know if they’re a decent investment option or not.
Solana is perfectly poised to ride the crypto bull run
Prior to BTC hitting a new ATH, Solana had been on a bullish run itself. The crypto ecosystem recently hit 100 million wallet addresses on its network, buoyed by a dapp explosion owing to its cheap and extremely fast transactions.
As a result, Solana appreciated handsomely over the last couple of months, and even broke through its $150 resistance level. Renewed bullish sentiments has sent the price over $180, with experts predicting that Solana could rise above $200 should the upward momentum be maintained.
Solana is home to large decentralized applications like Jupiter, Drift, and Sanctum. These platforms will only see improved activity in the current bullish climate, and this would push SOL possibly to a new ATH.
Monero could benefit greatly from a crypto bull market
Monero was created simply to offer an advanced level of privacy that Bitcoin doesn’t offer. Unfortunately, this core value proposition turned out to be its undoing. It turns out that governments prefer a pseudonymous payment system instead of a black hole where everything is shrouded in secrecy.
As a result, XMR fell from grace, which greatly impacted the Monero price. The coin has struggled to maintain its stature in the crypto market despite Monero price attempts at resilience. The current year was especially brutal for Monero as it traded in red zones compared with the previous year.
The last couple of months have been somewhat positive, though, with XMR up by double digits. This makes Monero a fairly decent option for new investors, although they’d have to factor in its volatility and potentially tricky legalities surrounding it.
The bottom line: Monero or Solana?
Every signal points to Solana as the better investment option for serious crypto investors. It is on an uptrend and has a lot of positive sentiments around it. This is unlike Monero which is troubled by volatility and has a degree of negative perception.
Nevertheless, the bull market run will favor other crypto tokens apart from Monero and Solana. Lunex Network, a hybrid exchange that aims to revolutionize crypto trading, is of worthy consideration.
This platform is non-custodial in nature, which eliminates security vulnerabilities and makes it safe to use. There are over 50,000 trading pairs, available across multiple blockchain networks. This gives one access to rare upcoming crypto projects that moon when they start trending.
The Lunex presale is available for just $0.002, which leaves a lot of room for growth. This is probably why experts believe it would fetch a nice 100x gain for early investors in the next crypto market bull run.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
*This article was paid for. Cryptonomist did not write the article or test the platform.
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