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KuCoin faces a $50m lawsuit from FTX, raising concerns as analysts anticipate a 400% rally for SOL in Q4, while Lunex Network’s DeFi exchange is set for a potential 100x surge at launch.

KuCoin was emerging as one of the most popular tokens in 2024 but it is suddenly facing a $50 million lawsuit from FTX Exchange. Although analysts are expecting Solana’s price to rally by 400% in Q4’s bull market, Lunex Network’s new DeFi exchange is already poised for a massive 100x rally on its official launch day.

KuCoin loses momentum after $50m lawsuit by FTX Exchange

KuCoin recently received a massive lawsuit worth $50 million by FTX Exchange. Since FTX Exchange declared bankruptcy in 2022, the platform is claiming that KuCoin froze its assets worth $50 million. Since FTX Exchange recently won similar lawsuits with other exchanges, KuCoin may end up paying this hefty amount to FTX before the end of the year. 

Despite the legal battle, KuCoin is maintaining its upward trend by trading above all of its Simple Moving Averages on the KCS/USDT daily chart. KuCoin Token is currently trading for $9.31 after a minor intra-day increase of 0.97%. KuCoin’s volume has decreased by 28.45% over the last 24 hours which means traders are becoming cautious. If KuCoin loses against FTX Exchange, the massive payout could push KuCoin’s price down to the $7.93 pivot. 

Solana’s bull flag pattern hints at 400% rally in Q4’s bull market

Solana managed to breach the $180 milestone several times over the last few weeks but it immediately fell into a correction phase every time. Although Solana is currently trading below the $180 level, market analysts believe Solana is forming a bull flag pattern between the $380 and $830 levels. If this bull flag is completed, Solana’s price could experience a massive 400% rally during Q4’s bull market. 

Solana is currently trading for $175.12 after an intra-day decrease of 2.26%. Solana’s volume has also plunged by 13.27% over the last 24 hours which suggests a decrease in network activity. Since Solana is still holding its ground by trading above its Simple Moving Averages on the SOL/USDT daily chart, Solana’s price could test the critical $186.23 resistance again in the next few days. 

Lunex Network prepares for 100x rally in early 2025

Lunex Network’s presale stages are selling out in record time due to the token’s skyrocketing demand. By combining the best aspects of decentralized and centralized trading on a single noncustodial platform, Lunex Network is changing the entire crypto exchange sector. Since Lunex Network has already raised more than $1.5 million within a few weeks of its presale launch, analysts are tipping at a massive 100x rally for LNEX on its official launch day in early 2025. 

The reason why analysts are so optimistic about Lunex Network’s growth is the platform’s cross-chain trading features. Instead of restricting traders to a single network or forcing them to use third-party wallets, Lunex Network allows traders to swap more than 50,000+ cryptocurrencies across different blockchains directly on its DeFi exchange.

This means traders can benefit from Lunex Network’s smart contracts that source liquidity from multiple networks and offer the lowest cost per transaction. If that wasn’t enough, then Lunex Network also provides complete ownership of digital assets to users which means traders can swap, stake, or store their tokens in a single place without worrying about security. 

Since Lunex Network is also attracting institutional clients by offering a merchant payment gateway, analysts are expecting LNEX’s price to skyrocket in Q4’s bull run. Another reason why Lunex Network is poised for big gains is the platform’s node leasing feature that gives 65+ RPC nodes to web3 developers who can build dApps across different blockchains. 

Given these impressive features, it is no surprise that LNEX’s price has already rallied by over 58% from the initial presale stage. Lunex Network is currently in stage 5 of its presale with tokens selling for just $0.0019 each.

To learn more Lunex Network, visit the official website and socials.

This article first appeared at crypto.news