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Cryptocurrency News Articles
Solana (SOL) May Reach a New ATH, While Lunex Network (LNEX) Is Seen as a DeFi Coin That Could Surge Soon
Nov 22, 2024 at 12:10 am
The crypto market is on fire once again, causing many people to turn their focus onto Solana (SOL), considering it is one of the top performers
Solana (SOL) is currently one of the top crypto performers, which has led to many people keeping an eye on it. In fact, one market analyst predicts that SOL could close in on a new ATH. Meanwhile, Sui (SUI) and Lunex Network (LNEX) have also made headlines. For example, SUI hit a new ATH for its TVL at $1.642B, while LNEX has already given early buyers a 115% return. Many experts even believe that LNEX could be the next 6x coin in 2025 as it aims to redefine the DeFi market.
Solana (SOL) Price May Hit a New ATH
Solana (SOL) is currently in the top 10 altcoins by market cap. CoinMarketCap shows that the SOL price increased by 60% in the past 30 days. During that time, the Solana market cap also hit a new milestone. It reached $110B for the first time.
Crypto analyst notEezzy also made a bullish Solana price prediction in an X post, predicting that this altcoin could be surging to a new ATH. In other words, Solana (SOL) might reach a value above $259.
TradingView also supports this statement. The Solana crypto is currently valued above its 20-day EMA of $203 and its 50-day EMA of $180. Its momentum indicator is 44, which is in the buy zone and suggests that SOL could continue this uptrend.
Price of Sui (SUI) Could See a Leg-Up
Another altcoin that has seen some green price charts is Sui (SUI). In the past month alone, the SUI price surged from $2 to $3.76, which is an 85% increase, according to CoinMarketCap. Plus, it hit a new ATH in TVL at $1.642B.
TradingView also shows some bullish signs for the Sui crypto. Sui (SUI) is valued above its 20-day EMA of $2.92 and its 30-day EMA of $2.68. Moreover, its MACD level is 0.47, which is in the buy zone, indicating a good entry point for buyers.
Market expert Kyle Chassé also remains optimistic for the Sui coin in an X post, saying that there is a retest with another leg-up coming for this altcoin. This Sui price prediction has made many traders turn to it.
Lunex Network (LNEX) Seen as a DeFi Coin That Could Surge Soon
Investors are also excited about Lunex Network (LNEX), which could redefine the entire DeFi market. With IBS Intelligence projecting this market to reach a value of $48B by 2031, Lunex Network could capitalize on this growth.
Lunex Network will launch a non-custodial crypto exchange that connects all isolated blockchains to achieve this. This will allow people to trade many crypto coins across different blockchains. This exchange is just one component of the Lunex ecosystem, which will also include:
Those looking to support the Lunex Network are now buying its native token, LNEX. What will make LNEX stand out is its passive income capability. For instance, Lunex Network will use some of its revenue to buy back LNEX tokens and redistribute them among stakers. Currently, one LNEX costs just $0.0026. But, its expected launch price is $0.0216 after a Tier-1 crypto exchange lists it – a 730% return for those who buy it now.
Solana (SOL) vs. Sui (SUI) vs. Lunex Network (LNEX) – Which Crypto Coin May Stand Out?
While Solana (SOL), Sui (SUI) and Lunex Network (LNEX) are all altcoins to watch, some experts think one may stand out. This is Lunex Network since it will have a smaller market cap than its peers. Therefore, LNEX will need less money to increase its price. With these factors, experts think a 6x surge could come for this DeFi crypto in 2025.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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- Bitcoin Nears US$100,000 as Trump Presidency Promises to Usher in Crypto Boom
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