Polkadot Price Prediction Falls Short, while Lunex Secures New Solana Whale Investor

Solana SOL $151.9 24h volatility: 2.4% Market cap: $78.54 B Vol. 24h: $4.48 B made an impressive comeback in October but the token is now facing a consolidation phase like Polkadot. Meanwhile, analysts are more optimistic about Lunex Network’s new DeFi project which has already surpassed the $1M milestone during presale stages.

Solana (SOL) Investors Brace for a Correction after October Rally

Solana’s price has jumped by 12.32% over the last 30 days which makes it outshine both Bitcoin and Ethereum this month. Solana’s ecosystem has also surpassed the entire Ethereum L2 ecosystem by recording a significant transaction volume. This surge in network activity comes after Solana launched the Radar Hackathon Directory which featured more than 1300 project submissions.

Solana is currently trading for $165.65 after an intra-day increase of 4.49%. Solana’s volume has also increased by a significant 116.09% over the last 24 hours which hints at growing investor confidence. However, since Solana’s technical indicators like the CCI and Momentum Indicator are already suggesting a bearish trend, Solana investors are cautious about an upcoming correction toward the $150 support.

Polkadot (DOT) Forms a Descending Channel on Daily Chart

Polkadot has been trading in the red for a majority of the last 30 days which typically indicates decreasing investor interest. The Polkadot DOT $4.30 24h volatility: 7.3% Market cap: $6.54 B Vol. 24h: $240.06 M price chart picked up momentum last week, but Polkadot’s daily chart shows that the token is now forming a descending trendline and a consolidation phase. Polkadot is currently trading for $4.45 after a minor 0.14% intra-day increase.

Polkadot’s volume has also increased by 64.40% over the last 24 hours which suggests a profit booking sentiment amongst investors. Since Polkadot is trading below its 100-day and 200-day Simple Moving Averages on the DOT/USDT daily chart, Polkadot’s price could crash to the $3.83 support in the upcoming weeks.

Lunex Network’s (LNEX) DeFi Features Dominate the Crypto Exchange Market

Lunex Network is becoming a top pick for savvy investors and crypto whales because of its huge range of DeFi features. Instead of following the lead of existing DEXs and CEXs, Lunex Network is kicking off a new era of simplified cross-chain trading. By bridging the gap between isolated blockchains. Lunex Network is expected to soar past established tokens like Solana and Polkadot in 2025.

Within a few weeks of its presale launch, Lunex Network has already managed to attract thousands of investors and has raised more than $1.1 million. Since Lunex Network’s price has already surged by more than 40% since the initial presale stage, analysts are tipping at massive 1800% returns for LNEX’s early investors before the end of the presale.

Aside from cross-chain trading capabilities, Lunex Network’s merchant payment gateway lets businesses accept cryptocurrencies as a form of payment. By converting digital assets into fiat immediately after the transaction, Lunex Network is making significant waves in the market by promoting real-world adoption of its new DeFi protocol. To make things even better, Lunex Network is also giving an exclusive Black Card to only 500 VIP-tier presale holders. This Lunex Card allows traders to make quick crypto-to-fiat transactions anywhere in the world.

Aside from the black card, Lunex Network’s presale holders can also start staking their tokens right away in exchange for a consistent passive income. Through Lunex Network’s revenue-sharing model, traders can receive attractive staking rewards with up to 18% APY in as little as 30 days.

Even with these features, Lunex Network is still selling LNEX for a low price of just $0.0017 in stage 4 of its presale. As Lunex Network gains traction in Q4’s bull market, analysts are expecting a massive 100x rally on LNEX’s official release day.

You can find more information about Lunex Network (LNEX) on the website and social media accounts.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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