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Solana gains over 35% in 60 days, testing $180 resistance, outpacing XRP. Analysts predict that the Lunex network could grow 10-fold.
In recent weeks, Solana (SOL) has been one of the biggest gainers. SOL has gained over 35% in the past 60 days, leaving other top crypto coins like Ripple (XRP) behind. The altcoin also tested the $180 resistance level for the first time in three months.
Meanwhile, XRP has managed to hold the $0.50 support and is actually showing few signs of upside over the coming days. However, analysts are confident that the Lunex network’s DeFi crypto, LNEX, could skyrocket 10 times.
Solana Price Falls After Testing $180
Solana is currently among the top gainers in the crypto market. The altcoin price increased by 15% on the bi-weekly chart and 12% on the monthly level on CoinMarketCap. Furthermore, Solana coin recently shocked the crypto community when it surpassed the $180 mark.
Solana traded around the $180 resistance three months ago. Solana price fell to the $170 level, but technical indicators are still bullish. The VWMA (10) and Hull Moving Average (9) are in buy territory and support an uptrend.
ZAYK Charts predicts that the value of Solana crypto could reach $360 in the future. Crypto Boss predicted that rising prices could take SOL up to $400 for a new ATH.
The Lunex network could soon be multiplied by 10
Over the past month, Lunex Network has been one of the most impressive altcoins, rising over 58% to its current price of $0.0019. While in the fifth stage of its cryptocurrency ICO, the project has also raised over $1.63 million. Analysts predict that the value of the LNEX token could soon increase 10 times.
Lunex Network is an upcoming DeFi project where users have the opportunity to trade thousands of tokens on blockchains. Additionally, it is simple to buy or sell a digital currency pair and even trade them at a low price.
This feature differentiates Lunex Network from some of the favorite platforms like Uniswap. Lunex also has an interesting structure that offers a certain percentage of fees received on the platform as a reward to investors who hold the LNEX token.
As part of the exchange function, Lunex charges a certain amount of fees to clients, and out of the weekly profits, the money is shared with LNEX token stakers. Those who stake can get up to 18% APY. LNEX token holders could potentially make huge profits from the asset in the long term. This might be of interest to those looking for a passive source of income.
Ripple defends key support level at $0.500
Ripple showed a downward progression in early October, but with the help of the current bulls, the $0.5 support level was maintained. Currently, Ripple price is trading sideways in the $0.50 to $0.58 area in the weekly chart of CoinMarketCap.
The consolidation could mean that Ripple Crypto is preparing for a major breakthrough. The token’s Hull Moving Average (9) and VWMA (10) are showing buy signals, a positive sign indicating that the bulls are moving towards the front of the market.
If the price rises, we could see a potential rise up to $0.734 in the near term. However, a drop in price could push the Ripple coin value to $0.466. Analysts like Oscar Ramos believe a crypto boom is coming and see XRP hitting $1 before the end of the year.
In conclusion
Although Solana seems very bullish, technical indicators for XRP remain inconclusive. However, analysts predict that it is the new DeFi coin, Lunex Network, that could dominate the market with a potential for a 10x rebound in the coming months. Such potential makes it a potentially interesting crypto to buy.
For more information, visit the official Lunex Network website and join the online community for the latest updates.
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