The crypto market is currently at a major turning point. Many altcoins are close to setting a new peak. One of them is Solana (SOL). The cryptocurrency has shown an outstanding performance in the past few weeks.
Also, Lunex Network’s ongoing blockchain ICO continues to gain attention for its impressive performance. The price of the project's native token, LNEX, has increased by over 158% so far. Analysts are expecting a rally to $1 in the coming months.
Solana (SOL) Price Pumps To New Levels, ATH in Sight
Solana (SOL) is among the top performers in the crypto market right now. Its yearly gain is currently at 325.9%, outperforming most top altcoins in the market. Many analysts expect the Solana crypto could climb to a new high in the near future.
The Solana token shocked the crypto market, rallying when others cooled off, and crossed the $240 price level on November 17th for the first time since November last year. Solana (SOL) is priced at $240, which is approximately 7% lower than its all-time high of $260, according to CoinMarketCap’s data.
As Solana (SOL) approaches its record high, its investors are very bullish towards the altcoin. The cause of the spike in price is uncertain, but two factors that can be attributed are the return of Solana-based memecoins and the possible approval of SOL ETF.
Looking ahead, More Crypto Online noted that the Solana coin is forming higher highs and lower lows. According to them, the cryptocurrency must break below $212 to indicate a large pullback.
More Crypto Online forecasts a price surge to $262 and $278. If Solana (SOL) crosses this level, they expect a massive rally to $360 in the coming weeks of months. Another analyst called Wifimoney expects the value of SOL to reach $300 soon.
In the meantime, the technical indicators of the altcoin is bullish. Its 14-day RSI is in the overbought region. However, the Fear and Greed Index shows Extreme Greed. This suggests that Solana (SOL) could see a brief correction before it continues its uptrend.
Lunex Network (LNEX) No KYC Approach Promotes The Goal Of Decentralization
Lunex Network (LNEX) is reshaping the understanding of the DeFi world with its peculiarity – no-KYC. While competitor platforms demand that users share their personal details, Lunex enables trading, staking, and management without that. This approach makes it possible to have a smooth onboarding process.
The platform also has a non-custodial approach. This means that users have full control of their private keys and assets. The focus on user privacy makes Lunex a top choice for those who want to be in full control of their crypto assets. Another standout feature of Lunex is that users can swap over 50,000 assets across blockchains. The fee is cheaper, while the speed is faster compared to conventional platforms.
At the time of writing, Lunex is still in the presale stage, where $LNEX token costs $0.0031; the project has secured over $2.9 million so far. Expects expect a price of $1 in the coming months. As the presale grows, Lunex Network is steadily gaining popularity among investors who need the anonymity, security, and freedom it brings to the DeFi market.
Final Words
Solana’s (SOL) upward price movement shows that bulls are not asleep. SOL is among the many altcoins that could rise to new peaks before the end of this year. Meanwhile, Lunex Network is gaining traction in the presale phase. Analysts expect the value of this DeFi token to hit $1 in the coming months based on its utility and its unique use case.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
