XRP and SOL prices entered difficult levels in early December as they approached their ATHs. While SOL and XRP face these difficult zones, Lunex Network (LNEX), a new DeFi trading protocol on Ethereum, continues to cause a cosmic storm despite a retreating crypto market.
Let’s examine why crypto analysts are touting LNEX as the alpha token that could deliver an 18x return in pre-sale, displacing XRP and SOL even before launch.
Lunex (LNEX) Pre-Sale Raises Over $5.5 Million
Investors quickly accumulated over 2.3 billion LNEX tokens, with the ICO raising over $5.5 million. The tremendous progress saw the price of LNEX increase by 300%, blessing early investors with huge returns!
Analysts expect Lunex’s DeFi project to grow by 1,800%, but you need to act quickly because the ICO is almost over.
The main reason behind this bullish forecast is Lunex’s innovative DeFi trading features. This next-generation crypto trading platform interconnects over 40 blockchains, allowing crypto traders to exchange and trade over 50,000 crypto pairs at incredible speeds and low costs.
Lunex’s profit-sharing benefits make it an even more attractive investment option for DeFi enthusiasts. Up to 18% of revenue collected on Lunex DEX is paid out as staking rewards to LNEX holders!
Furthermore, demand for non-custodial DeFi trading solutions is expected to increase as more users seek autonomy and full control over their assets. This is why analysts believe that Lunex is well-positioned to develop into a multi-billion dollar decentralized crypto trading platform, returning impressive returns to investors.
SOL price fails to break its ATH in recent rally
The price of SOL surged to $263.21 in the final days of November, creating a new ATH. Astute investors were waiting for SOL to rally to this level. Those who bought SOL at $8 during the 2022 crypto market crash reaped a 33x return, with late entrants at $120 securing a 2.2x return. The wave of profit-taking sent SOL’s price crashing back to the $190 level and below.
More traders should look for exit opportunities in the $260 region, making it a tough supply zone that the altcoin may struggle to break through as SOL price predictions point to sluggish price action in the $190-$237 zone during Q1 2025.
Crypto Market Pulls Back, Spoiling XRP’s Party
After spending years in a bear market, XRP surged in November, pulling a nearly 10x multiplier from lows of $0.3 to $2.9 on December 3.
However, overly excited traders started locking in profits, and XRP has been slowly declining over the past few weeks. XRP is now trading in the $2 region, and predictions reveal that it could collapse to $1.7 before finding solid support.
According to CoinCodex, XRP may not surpass its recent all-time high until April 2025, pointing to months of consolidation.