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Solana has outpaced Ethereum in value, XRP shows breakout potential, and Lunex Network’s LNEX token is set to hit $0.1 by 2025.
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The Solana blockchain has witnessed a massive spike in activity in the past week, triggered mostly by the surging meme coin trading volumes, which have pushed up Solana fees. Recent data from Blockworks shows that Solana achieved $11.09m in real economic value in the past day, surpassing its rival Ethereum in terms of revenue.
Meanwhile, XRP is showing signs of a major breakout, which could trigger massive rallies. For Lunex Network, the LNEX token is expected to reach $0.1 in the coming months, with its unique revenue-sharing model and robust ecosystem Luenx Network is tipped to outshine top exchange tokens in the market before 2025 begins.
Can the Lunex Network price hit $0.1 in Q4?
According to Emergen Research, the global DeFi market is expected to reach $507.92b in 2028, exhibiting a CAGR of 43.8% during the forecast period. Lunex Network is a project that is set to revolutionize the lucrative DeFi market while solving the major issues people encounter in exchanges, such as security, privacy, interoperability
Lunex Network was developed to bring blockchains together and allow for easy buying, selling and swapping of digital assets without the need for a third party. At the Lunex Network trading exchange, users have access to over 50,000 trading pairs across multiple blockchains at the lowest cost. A unique portfolio tracker also allows users to track multiple assets like stocks, etc.
The non-custodial Lunex Network wallet is designed to allow traders to buy, sell, and swap cryptos all from one account. Unlike other exchanges with stressful KYC processes, users do not need to undergo any KYC, as all users need is the receiving address. One of the notable features is the profit-sharing model which rewards LNEX holders with more tokens.
This feature is projected to put more pressure on the LNEX token and boost its price. With the increasing demand for the token, as seen with the $1.5 million raised within a short time, the LNEX token is expected to surge by over 5000% and hit the $0.1 mark in 2025. Currently valued at a meager $0.0019, investors have limited time to invest in the token and secure their position ahead of a huge price increase.
Solana projected for massive rallies
In the past week, Solana’s economic activity has surpassed Ethereum’s, fueled by the surging Solana meme coins. For instance, the launch of the MOODENG meme coin on Binance Futures triggered an over 100% surge, increasing activities in the Solana Network.
Outside of the high transaction volume, it has also surpassed Ethereum in miner extractable value (MEV) tips, an indication that Solana’s price is not solely influenced by market sentiment but also the ongoing developments in the ecosystem. Looking at the Solana chart, the altcoin has broken the $160 resistance mark, bolstered by a bullish MACD crossover of the past week.
CoinMarketCap data shows that Solana’s price has risen by 8% in the past week. The Solana trading volume has also witnessed massive growth, which is expected to push the price above the $180 resistance mark. The Moon, a crypto analyst, thinks that as long as it stays within the symmetrical triangle above the $160 support zone, it will hit the $176 mark soon.
XRP responds to SEC’s new move
Recent XRP news shows the legal team has filed an appeal as part of its ongoing case with the US Securities and Exchange Commission (SEC). Discussing the recent appeal on X, Ripple Chef legal officer Stuart Alderoty stated that the case is not about XRP being a security, a key ruling Ripple won in July, which Stuart thinks the SEC is not challenging.
Meanwhile, the XRP price has tumbled after the recent news of the Tether proble, which triggered a market correction. CoinMarketCap data shows that the XRP price has dropped by 5% in the past week as the coin looks to maintain the $0.50 support zone. However, the XRP trading volume is increasing, possibly triggering a rally soon.
In an analysis on X, Jaydee, a popular market analyst, thinks that the XRP coin price will reach $26 in the coming months. The expert considered the previous market movements while making the prediction. If the coin maintains its current support zone, it could rally toward $1 soon.
Reasons the market will witness bullish movement in Q4
Past records have proven that Q4 is the starting point of a market rally. Bitcoin has already kicked off the rally, with altcoins expected to follow soon. Solana, XRP, and Lunex Network are among the altcoins positioned for massive rallies soon. With the robust trading exchange, the LNEX token will witness high demand soon, which will push the price up.
To learn more about Lunex Network, visit the official website, join the Telegram community, and follow the team on X.
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This article first appeared at crypto.news
