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Cryptocurrency News Articles

Solana (SOL) Likely to Enter Price Discovery Phase Soon, Lunex Network (LNEX) Presale Investors to Reap 1800% Gains Before Official Launch

Nov 22, 2024 at 03:06 pm

Solana's price has surged by an impressive 49.17% during the recent post election rally. Lunex Network has recorded several new all-time high prices

Solana (SOL) Likely to Enter Price Discovery Phase Soon, Lunex Network (LNEX) Presale Investors to Reap 1800% Gains Before Official Launch

Solana’s price has surged by an impressive 49.17% during the recent post election rally. As a result of the massive inflows into Solana based decentralized exchanges this week, analysts believe Solana’s price is likely to breach its previous all time high level soon. At the time of writing, Solana is trading for $239.53 after an intraday decrease of 1.17%.

While Solana’s RSI has entered the overbought zone, the current dip in Solana’s price is expected to only last for a few days. As Solana’s MACD level still suggests that there’s room for more upticks, analysts believe Solana is preparing to target the nearest resistance at $245 soon. If Solana manages to breach this level, the token will enter a price discovery phase where it sets a new all time high level before the start of 2025.

Meanwhile, Lunex Network has recorded several new all-time high prices since the start of its presale but analysts believe that the token will experience a massive 1,800% rally soon. As Lunex Network brings Ethereum-level security and cross chain interoperability together on a single platform, it is no surprise that the platform’s native LNEX token is skyrocketing to new peaks every week.

Despite the presence of several DEXs and CEXs in the market, Lunex Network is setting itself apart by integrating the latest Web3 technology. As a result, every cross chain transaction made on Lunex Network is processed through smart contracts that give traders an unmatched level of security. These smart contracts also enable Lunex Network to source liquidity from multiple sources and split the trade to give traders the lowest possible cost per transaction.

In addition to these features, Lunex Network also aims to provide long term utility with its native LNEX token. Lunex Network’s revenue sharing model allows traders to earn a weekly passive income in as little as 30 days. At the end of each week, Lunex Network repurchases LNEX tokens on the open market and distributes half of them to current stakers as rewards with up to 18% APYs.

The remaining half of the repurchased tokens is burned forever, which limits Lunex Network’s circulating supply and drives the token’s value further up. Given these deflationary tokenomics, it is no surprise that both retail and institutional investors are rushing to Lunex Network’s presale to purchase tokens at a discounted price.

For now, LNEX tokens are available for a low price of just $0.0026 before the highly anticipated price surge before the end of this week.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

News source:bitcoinist.com

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