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Despite Solana’s price recording a dip, its decentralized finance continues to showcase impressive gains backed by the recent crypto market rally. According to data by DeFiLlama, Solana’s DEX has hit a milestone, with trading volumes surpassing $5B for three consecutive days, which has never been achieved before.
Similarly, Ethereum managed to break past the $3K barrier but has struggled to maintain this level due to increased selling pressure from key players. Ethereum’s ability to hold onto this crucial point will determine its future trend. Moreover, a new presale gem, Lunex Network, is set to challenge ETH and SOL growth potential thanks to its efficient, low-fee cross-chain transactions and impressive staking reward system.
Investors Switch to Lunex Network As The Market Enters A Bullish Momentum
Amid the recent market bounce, Lunex Network has been gaining traction as a non-custodial exchange that allows users to trade securely without handing over control of their assets. By combining an aggregation protocol with smart contracts, Lunex Network will enable transactions through a liquidity pool rather than the traditional order book, allowing for faster yet seamless trades.
Moreover, Lunex Network also stands out owing to its accessibility. The project supports over 50,000 multi-chain pairs, enabling users to instantly swap a wide range of assets. The platform’s portfolio tracker offers real-time analytics and data, helping traders make informed investment choices. With Lunex Network, security is also a priority. The project’s enclave technology will ensure that every transaction is private and protected.
These unique features have contributed to the significant growth in the LNEX token. The Lunex Network token is priced at $0.0026, representing a 116% surge. Moreover, the project’s presale has already raised over $2.3M and is suspected to easily surpass $3M by the end of the month.
Solana Price Eyes Parabolic Rise as Daily Volume Surpasses $13B
The Solana’s trading volume has more than doubled in just a few days, as it continues to experience greater demand as part of the ongoing new bull market. Solana has already recorded a monthly surge of over 36% to trade between the $209 and $211 region.
However, the Solana market is experiencing some downtime between rallies, with the Solana chart reflecting a stalemate between the bears and bulls. Its indicators suggest that Solana’s price could be corrected before re-recording a surge. Its RSI is at 66, which signals an increase in selling pressure.
While Solana’s price could slightly dip in the coming days, its high trading volumes suggest it will recover quickly. In the longer term, SOL’s price performance will likely record significant gains, having outperformed most of the top altcoins in 2024, according to a post by Anthony Pompliano.
Ethereum Price Prediction: Can ETH Hit the $3,500 Mark?
The Ethereum bulls have hit resistance around the $3K mark, with the ETH price sliding sharply over the last two sessions. If sellers continue to dominate, the price of Ethereum could revert below the $3K mark. Last week, the ETH price jumped past the 20—and 50-day SMA to $2,723.
The price surged to $2,897 on Thursday and remained under the 200-day SMA, a key resistance level. Over the weekend, Ethereum surged above the 200-day SMA, recording a surge of 6% to close at $3,128. Sunday recorded market volatility as sellers and buyers battled for control. Finally, the buyers took control and pushed Ethereum’s price up by almost 2% to $3,185. A break past this level saw the altcoin record a high of $3,444.
However, this momentum slowed down as sellers continued to push the price lower. The ETH token is moving into an overbought region, as indicated by the RSI at 62. Ethereum could dip further to $3,000 or even $2,850 if sellers maintain control. Conversely, if buyers regain momentum, the ETH price could challenge the $3,400 resistance level while targeting the $3,500 mark.
Lunex Network, The Best Investment Option for Q4
As Solana and Ethereum record slight price correction periods, Lunex Network continues to hit significant milestones, having raised over $2.3M in presale revenue. Moreover, its 75% price surge, backed by its unique features, continues to attract global investors, who are looking to cash in more profits as its price is set to surge further in the coming months.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
Socials: Join Lunex’s Growing Community
*This article was paid for. Cryptonomist did not write the article or test the platform.
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