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Cryptocurrency News Articles

Solana (SOL) Might be Heading into ETFs Territory Soon, While Lunex Network's (LNEX) Low-Cap DeFi Exchange Is Poised for 1800% Gains by the End of Its Presale

Nov 17, 2024 at 09:27 pm

Solana's price has rallied by a massive 39.48% over the last 30 days which is making investors optimistic about the token's potential to reach a new all-time high price of $600.

Solana (SOL) Might be Heading into ETFs Territory Soon, While Lunex Network's (LNEX) Low-Cap DeFi Exchange Is Poised for 1800% Gains by the End of Its Presale

Solana (SOL) price might be preparing for a massive rally as the token is up by 39.48% over the last 30 days. Investors are optimistic about upcoming Solana ETFs, and a recent analysis by CryptoSlate suggests that SOL could rally by 1800% before the end of Q4’s bull cycle.

Meanwhile, Binance Coin (BNB) price is up by 1.69% over the last 24 hours and technical analysis suggests that the token is preparing for a breakout from a bullish pattern. BNB price might rally by 350% before the end of 2024.

Finally, Lunex Network (LNEX) is a new multi-chain DeFi exchange that is set to launch on DEXs in early 2024. The platform’s native LNEX token is currently available for purchase on the official Lunex Network website. Those who purchase LNEX tokens during the presale will receive their tokens immediately and begin earning a passive income from the platform’s revenue sharing model.

Solana (SOL) price is showing bullish signs once again as the token is up by 39.48% over the last 30 days. Investors are optimistic about upcoming Solana ETFs, and a recent analysis by CryptoSlate suggests that SOL could rally by 1800% before the end of Q4’s bull cycle.

Solana price might rally by 1800% before the end of Q4’s bull cycle

Solana price has been on a tear in recent weeks, rallying from a low of $140 on October 24 to a high of $220 on November 14. The token’s price is now up by nearly 39.48% over the last 30 days, outperforming both Bitcoin and Ethereum.

Several factors are contributing to Solana’s strong price performance. The upcoming launch of Solana ETFs is generating a lot of excitement among investors. If approved by the SEC, these ETFs would make it easier for institutions and retail traders to gain exposure to Solana without having to purchase the token directly.

Technical analysis also suggests that Solana price is poised for a further rally. The token price is currently trading above all of its Simple Moving Averages on the SOL/USDT daily chart, indicating bullish momentum. Solana price is also approaching a critical resistance level at $262.01. A breakout from this resistance could propel Solana price towards its next target of $300.

Overall, Solana price is showing bullish signs and could rally further in the coming weeks. Investors who are interested in purchasing Solana tokens can do so on a variety of cryptocurrency exchanges, including Binance, FTX, and OKX.

Binance Coin (BNB) price is up by 1.69% over the last 24 hours and technical analysis suggests that the token is preparing for a breakout from a bullish pattern. BNB price might rally by 350% before the end of 2024.

Binance Coin price has been consolidating within an ascending channel pattern for the past several weeks. The upper trendline of this channel currently lies at $825, presenting a critical resistance level for BNB price.

A breakout from the upper trendline of this channel pattern could indicate a bullish continuation for BNB price. The token price could then rally towards the next resistance level at $900, followed by the all-time high price of $1000.

If BNB price manages to break out from the upper trendline of this channel pattern and continue rallying, the token price could rally by 350% before the end of 2024, reaching a price of $3500.

However, a breakout from this channel pattern is not guaranteed and BNB price could also begin consolidating within the channel for an extended period of time.

Lunex Network (LNEX) is a new multi-chain DeFi exchange that is set to launch on DEXs in early 2024. The platform’s native LNEX token is currently available for purchase on the official Lunex Network website.

Those who purchase LNEX tokens during the presale will receive their tokens immediately and begin earning a passive income from the platform’s revenue sharing model.

How to Buy Lunex (LNEX) Network Token

Step 1: Visit the official Lunex Network website and click on the “Buy Now” button.

Step 2: Enter the amount of LNEX tokens that you wish to purchase and click on the “Next” button.

Step 3: Choose your preferred payment method and follow the on-screen instructions to complete your purchase.

Lunex Network investors will have a limited-time opportunity to start earning a consistent passive income in 30 days. With Lunex Network’s revenue-sharing model, a significant portion of the platform’s weekly revenue is reinvested in open market

News source:themerkle.com

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