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Solana retests $180, Ripple holds $0.5; analysts forecasts 10x surge for Lunex Network
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2 days agoon
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adminDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Solana gains over 35% in 60 days, testing $180 resistance, outpacing XRP. Analysts predict Lunex Network could rise by 10x.
In the last few weeks, Solana (SOL) has been one of the biggest gainers. SOL has gained over 35% in the last 60 days, leaving behind 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 little signs of rising in the next few days. However, analysts are positive that the breakout DeFi crypto of the Lunex Network, LNEX could skyrocket by 10x.
Solana price plunges after testing $180
Solana is among the top gainers in the crypto market currently. The price of the altcoin has increased by 15% on the biweekly chart and 12% on the monthly level on CoinMarketCap. Besides, the Solana coin shocked the crypto community lately when it soared past the $180 mark.
Solana traded around the $180 resistance three months ago. The Solana price has dropped to the $170 level, but technical indicators are still bullish. The VWMA (10) and Hull Moving Average (9) are in the buying territory and support an uptrend.
ZAYK Charts forecast the value of the Solana crypto could rally to $360 in the future. Crypto Boss has predicted that the price rally could take SOL as high as $400 for a new ATH.
Lunex Network could soar by 10x soon
Over the last month, Lunex Network has been one of the most impressive altcoins, rallying by more than 58% to hit 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 forecast the value of the LNEX token might rally by 10x soon.
Lunex Network is an upcoming DeFi project where users have an opportunity to swap thousands of tokens across blockchains. Besides, it is simple to buy or sell a pair of digital currencies and even exchange them at a low fee.
This feature makes Lunex Network different from some of the favorite platforms like Uniswap. Lunex also has an exciting structure that provides a certain percentage of the fees received on the platform as rewards to investors who hold the LNEX token.
Under the swap-in feature, Lunex charges a certain amount of fees from customers, and out of weekly profit, money is shared with LNEX token stakers. Those who stake can get as much as 18% APY. LNEX token holders could potentially earn huge profits on the asset in the long run. This could be appealing to those seeking a passive source of income.
Ripple defends the key support level at $0.500
The Ripple has shown a downward progression at the beginning of October but with the help of present bulls, the support level of $0.5 has been maintained. Currently, the Ripple price has been trading sideways in the $0.50-$0.58 zone in the weekly chart on CoinMarketCap.
The consolidation could mean Ripple crypto is preparing for a major breakout. The token’s Hull Moving Average (9) and VWMA (10) are displaying buy signals, a positive sign that bulls are moving to the front of the market.
In the case of a price rally, we could see a potential rise to $0.734 in the short term. However, a price drop could push the value of the Ripple coin to $0.466. Analysts like Oscar Ramos believe a crypto boom is coming and see XRP rising to $1 before the year ends.
In conclusion
While Solana looks very bullish, the technical indicators of XRP remain inconclusive. However, analysts forecast that it is the new DeFi coin, Lunex Network, that could lead the market with a potential 10x rally in the coming months. Such potential makes it a potentially good crypto to buy.
For more information, visit the Lunex Network official website and join the online community for the latest updates.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Six leading meme coins set to skyrocket in 2024
Published
30 mins agoon
November 5, 2024By
adminDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Explore the top meme coins that have the potential to outperform Dogecoin’s impressive 2021 rally.
Get ready for a surprising shift in the crypto world. In 2024, certain playful digital coins are expected to take off in a big way. These entertaining tokens are attracting attention and could offer impressive returns. Explore this selection of standout picks that might just become the next sensations in cryptocurrency.
DOGEN: Meme token for true alphas
For those constantly striving to elevate their game, DOGEN is the answer. This meme token is built for real alphas who aren’t afraid to win big.
DOGEN is primed to explode – a 700% surge before the presale even ends. With meme tokens driving the altcoin trend, DOGEN is positioned for massive gains. Investors can get in early and set the pace while others scramble to catch up.
DOGEN could be traders’ second chance to ride with the leaders of the Solana blockchain. Just like BONK, WIF, and Popcat, which saw explosive 1000% gains, DOGEN readies to be the next alpha to take center stage. Currently undervalued, it’s about to break out and set new records.
DOGEN might be under the radar now, but not for long.
DOGEN is now running an airdrop. All investors need to do is show off on social media, stack some tokens during the presale, and start building their DOGEN army with your referral link. Earn 20% of the Golden Points from every token recruits buy.
Interested investors can now grab DOGEN tokens and get ready to dominate the crypto scene.
Dogecoin: A meme-based crypto with growing influence
Dogecoin is a cryptocurrency launched in 2013 as a lighthearted alternative to traditional digital coins. It features a Shiba Inu dog from an internet meme as its logo. Unlike Bitcoin, which has a limited supply, Dogecoin has no maximum supply, and new coins are mined every minute. Initially seen as a joke, it gained significant value in 2021, entering the top ten cryptocurrencies by market capitalization.
The surge was due to social media attention and endorsements from figures like Elon Musk. Dogecoin’s community-driven approach shows the impact of social media on financial markets. Its potential lies in its strong following and easy accessibility. In the current market cycle, it remains an attractive option for those interested in popular cryptocurrencies.
Shiba Inu: An Ethereum-based meme coin with expanding utility
Shiba Inu is an Ethereum-based memecoin inspired by Dogecoin. Launched in August 2020 by the anonymous Ryoshi, it started with a quadrillion tokens, half of which were sent to Vitalik Buterin. Buterin donated a large portion to charity and burned 40% of the total supply, increasing SHIB’s visibility. Unlike Dogecoin, SHIB runs on Ethereum, enabling applications like ShibaSwap, a decentralized exchange.
Plans include a future NFT platform and a DAO-based governance system. SHIB’s integration with Ethereum allows for broader utility. In the current market cycle, its expanding ecosystem and potential applications may make it an attractive option for those interested in memecoins with utility.
PEPE: Deflationary meme coin inspired by Pepe the Frog
PEPE is a deflationary memecoin launched on the Ethereum network, inspired by the Pepe the Frog meme. It seeks to emulate the success of Shiba Inu and Dogecoin but stands out by having no transaction tax and embracing its lack of utility as a pure memecoin. In mid-2023, PEPE reached a peak market cap of $1.6 billion, igniting a memecoin frenzy.
Its roadmap focuses on increasing visibility through social media trends and listings on major exchanges. The coin incorporates a burning mechanism to enhance scarcity and rewards long-term holders, promoting stability. As an ERC-20 token, it benefits from Ethereum’s security. In the current market cycle, PEPE’s unique features may attract enthusiasts interested in community-driven tokens.
BONK: A community meme coin empowering the Solana ecosystem
BONK is a memecoin built on the Solana blockchain, featuring a Shiba Inu mascot. It aims to empower the Solana community by shifting power away from venture capital tokens. After being listed on Coinbase, BONK surged over 100%. It serves as a community coin, with 50% of its supply airdropped to participants in Solana’s NFT and DeFi sectors.
By mid-December 2023, it became the third-largest memecoin by market cap, with gains over 10,000% year-to-date. BONK is integrated into Solana’s ecosystem, including the launch of BonkSwap, a decentralized exchange. Despite challenges like high supply and volatility, its active involvement in DeFi may make it attractive in the current market cycle.
Dogwifhat: A new dog-themed meme coin on Solana blockchain
Dogwifhat is a new meme coin on the Solana blockchain, inspired by the viral Dogwifhat meme. It joins the trend of dog-themed tokens in the crypto space. Meme coins like WIF focus on community and fun, often becoming popular through internet memes.
WIF leverages the fast and scalable Solana network, which could enhance its potential for growth. Its popularity suggests interest among crypto enthusiasts. The coin’s appeal lies in its playful nature and community-driven approach. In the current market, WIF’s unique theme and use of Solana’s technology make it an interesting option for those interested in meme coins.
Conclusion
While established memecoins like DOGE, SHIB, PEPE, and BONK might have less short-term potential, DOGEN presents unique features for those seeking excellence. Designed to build a community of leaders, DOGEN offers tangible benefits, including exclusive campaigns and perks for early participants, following the path of successful tokens like BONK and Popcat.
To learn more about DOGEN, visit the website, Twitter and Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Investors look towards Lunex Network for gains ahead of Toncoin and Solana
Published
4 hours agoon
November 5, 2024By
adminDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As market sell-offs continue and Bitcoin dips, investors are eyeing Lunex Network for potential 100x gains in Q4, while Solana and Toncoin show growing activity in the crypto space.
Rising tension in the Middle East has triggered another round of market selloffs, with Bitcoin declining below the $67k mark. As the market moves to the recovery phase, investors are turning their attention towards Lunex Network, which is projected for 100x in Q4. Backed by a unique DeFi exchange, Lunex Network is expected to follow the path of top exchanges like Binance.
Meanwhile, the Solana ecosystem has continued to witness increasing market activities driven by the surging meme coin activities and ongoing innovations. Also, Toncoin’s affliction to Telegram is projected to drive the TON price towards $10 in Q4. More details below.
Investors turn to Lunex Network for returns amid market decline
Lunex Network has seen increasing whale activities in the past few days, triggered by the robust ecosystem. For context, Lunex Network is the next-generation web3 DeFi trading exchange that will allow for seamless trading and swapping of crypto assets across multiple blockchains anonymously.
At the Lunex Network trading exchange, users can trade over 50,000 trading pairs across multiple blockchains at the lowest fees. The Lunex Network DeFi wallet allows traders to buy, sell, and swap cryptos all from one account. The portfolio tracker also allows traders to track multiple assets like cryptos, stocks, bonks, etc.
Notably, the Lunex Network staking pool will be live in presale, giving investors the opportunity to stake their tokens for as little as 30 days and earn high APY rewards. To prevent a rug pool from happening, the liquidity pool will be locked for 24 months. Meanwhile, users can also use cryptos as collateral to obtain short—and long-term loans in fiat and USDT in the ecosystem.
The LNEX token offers a lot of utility in the ecosystem. All listing fees will be paid in LNEX, increasing its demand and boosting the price. Token holders will also unlock discounts on transaction fees. At stage 4 of the presale, the LNEX token is sold for $0.0017. Given the massive utilities in the ecosystem, there are high expectations of 40x rallies soon.
Solana: Open source blockchain with smart web3 infrastructure
Ranked among the top 5 cryptos on CoinMarketCap, Solana has witnessed massive adoption in the past months, with PayPal developing its stablecoin in the Solana Network. Using the proof-of-stake model, Solana offers faster transaction processing and cheaper fees, driving developers to the blockchain.
Meanwhile, on-chain analytics firm Arkham Intelligence has announced that it has integrated Solana’s blockchain data into its tools. This means market analysts can now track transactions on the Solana network and get notifications when something happens, a feature that has been missing in the Solana ecosystem.
Going forward, Solana has witnessed massive activities recently. According to Wu Blockchain, a whale staked 6653 Solana coins for BGSOL worth $1.1 million. BGSOL is the result of a partnership between Bitget and Solana, which is meant to increase the visibility of the SOL coin. Judging from the rising transaction volume, If Solana’s price breaks away from the $173.78 resistance level, it could hit $200 in Q4.
Toncoin: Decentralized platform for secure and fast transactions
Toncoin (TON) was designed to solve issues relating to low speed and usability. The Toncoin ecosystem includes features such as sharding technology, an infinite sharding paradigm, and instant hypercube routing. The seamless integration of Toncoin with the Telegram app brings blockchain technology to the masses.
The Toncoin use cases include in-app payments where users can receive and send Toncoin tokens within the Telegram app. Also, TON enables microtransactions where users can tip online creators, buy virtual products, and donate to charities.
Based on CoinMarketCap data, Toncoin’s price has dropped below the crucial $5 support zone. However, the positive takeaway is the rising market activity, which could lead to a bullish reversal. Jonathan Carter, an expert in X, thinks the Toncoin crypto is forming a sideways range above the key support zone. Carter believes that after the channel breaks out, the Toncoin price will hit $6.36, followed by $7.27 and $8.20.
Conclusion
Spreading risk is recommended when making financial decisions. That’s why crypto investors should choose coins that could yield significant profits. With Solana and Toncoin struggling, Lunex Network could provide an avenue to join a project that is projected to hit 100x in the coming months.
To learn more about Lunex Network, visit the website and its socials.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Unlock massive potential gains: 3 high-growth Solana alternatives
Published
1 day agoon
November 4, 2024By
adminDisclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As the crypto landscape evolves, discovering new blockchain projects like CYBRO—leveraging AI for DeFi—could reveal opportunities that outperform established networks like Solana.
As the crypto world evolves, new blockchain projects emerge with the potential for impressive returns. Some platforms may even surpass established networks like Solana. Uncovering these hidden gems could be key to tapping into the next big opportunity in digital assets. This article highlights three promising contenders that might become the next stars in the crypto space.
CYBRO defies market trends: Powering DeFi with smart AI solutions
CYBRO is making waves in the DeFi space by leveraging artificial intelligence to optimize earning potential on the Blast blockchain. Although still in its infancy, this project has already captured the attention of crypto enthusiasts, pushing its presale past the $3 million milestone.
CYBRO brings unmatched yield farming capabilities, offering diverse strategies that perform well under any market conditions. The platform revolves around the CYBRO token, a powerful asset with high utility that’s expected to play a significant role in the crypto landscape. Experts project an impressive 1200% growth potential, positioning CYBRO as a must-have investment for those seeking significant returns.
Holders of CYBRO tokens receive numerous exclusive benefits, aimed at maximizing their earnings. With competitive staking rewards averaging 10%, investors are well-positioned to reap solid returns even during uncertain times. Token holders also gain access to airdrops, participate in free token distributions, and benefit from reduced trading and lending fees. Plus, CYBRO offers a robust insurance program, ensuring that users’ investments are secure.
With only 21% of the total tokens available for the presale and approximately 80 million already sold, CYBRO’s supply is running out fast.
Interested users join CYBRO today and set their sights on future returns of up to 1200%.
Chainlink approaches key resistance level amid mixed signals
Chainlink (LINK) is currently trading between $10.41 and $11.93, nearing its nearest resistance at $12.89. The Relative Strength Index (RSI) stands at 64.37, indicating momentum is approaching overbought territory. The 10-day Simple Moving Average is $11.98, slightly above the current price range, while the 100-day SMA is $11.23.
Over the past week, LINK has seen a modest price increase of 0.47%, but it has decreased by 3.53% over the past month. If the price breaks above the $12.89 resistance, the next target could be $14.42. However, failing to surpass this level may result in a dip toward the support at $9.85. Traders are watching these levels closely.
DOT at key levels: Oversold signals hint at potential rebound
Polkadot’s price has been moving between $3.77 and $4.55 recently. The coin has dropped over 12% in the past month and about 43% in the last six months. The Relative Strength Index is at 47.83, showing neutral momentum, but the Stochastic is at 15.87, pointing to an oversold condition.
If the price bounces back, it might rise toward the nearest resistance at $4.97, which would be an increase of around 11%. However, if the decline continues, the price could fall to the nearest support at $3.41. Traders are watching these levels to see if DOT will recover or keep sliding.
Conclusion
In conclusion, while coins like LINK and DOT may offer limited short-term growth, CYBRO presents a unique opportunity for investors. As a cutting-edge DeFi platform, CYBRO maximizes earnings through AI-powered yield aggregation on the Blast blockchain. With attractive staking rewards, exclusive airdrops, and cashback on purchases, it provides an exceptional user experience with easy deposits and withdrawals. CYBRO’s focus on transparency, compliance, and quality sets it apart, drawing strong interest from major crypto investors and influencers. This makes CYBRO a promising project in the current market, especially with the ongoing bull run of 2024.
To learn more about CYBRO, visit the website, Twitter, Discord, and Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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