As the broader crypto market loses steam due to noticeable volatility, both Binance (BNB) and Solana (SOL) are caught up in the resistance zone. While Binance struggles to stay above $700, Solana is also caught up below the $190 resistance level.
This extended consolidation has prompted savvy investors to look elsewhere, with many going after top presale stars like Lunex network (LNEX). Having delivered about 300% ROI to early backers who bought the native LNEX token at an initial rate of $0.0012, the fast-rising DeFi protocol has gained wide-spread attention for its profit potential. But what more does it offer?
Lunex Leads Presale Market With Unconventional DeFi Features
Although Lunex Network (LNEX)’s presale success is a major attraction, its main allure lies within its DEX platform. Designed to streamline crypto transactions and spot trading, this new DeFi protocol is touted to become the next breakthrough crypto project. By connecting isolated blockchains and establishing a non-custodial crypto exchange, Lunex Network allows users to instantly trade and swap over 50K crypto assets across multiple blockchains, completely anonymously and at the lowest costs.
Another interesting aspect of this platform is how it adopts a unique revenue sharing model that allocates a portion of its exchange revenue to repurchasing the native LNEX token from the open market. Half of these tokens are burned to drive scarcity while the remaining half is distributed among token holders. Meanwhile, Lunex Network also caters for institutional players, offering a non-custodial B2B payment gateway that allows businesses to accept cryptocurrencies as a form of payment method.
This institutional-focus, coupled with other notable features like its unique revenue share model, instant access to 65+ RPC nodes for Web3 development, a portfolio tracker and other subscription-based advance features positions Lunex network as a market disruptor. Besides, this enormous potential justifies the over $5.5 million raised in revenue so far, and why investors are rushing to get the token at the current rate of $0.0049.
Binance Price Trajectory Exhibits Bullish Potential
Binace (BNB) coin have had a great run throughout the year, registering over 120% price gain despite the harsh conditions it had to navigate. While it has managed to uphold a resilience status for several months now, BNB price appears to have hit a major roadblock below the $700 resistance level.
Currently trading within a weekly range of $670 and $694, BNB price reflects a modest 3% gain in the past week, and nearly 9% in the past month. While this is quite commendable, BNB price has lost a significant portion of its gain since it recorded its all-time high at $793 earlier in the month.
While the recent decline is considered a minor setback, prominent market analysts remain very bullish, with the likes of CryptoELITES projecting lofty targets of $1,000, $1,500 and up to $2,000. Assuming that Binance breaks these crucial levels, the analyst says the token will hit an end goal of $5,000, making it one of the top DeFi coins to anticipate.
Solana Price Faces Potential Retracement If It Fails to Hold Key Support Level
After it briefly traded above the $250 price mark to hit an historic high of $263 a few weeks back, the price of Solana (SOL) has headed down the hill. Now, SOL token is trading within a weekly price range of $192 and $187, which reflects slightly above 3% decline in the past seven days. This recent decline adds to its monthly decline which currently stands at about 22%.
However, despite the noticeable decline in its price trajectory, SOL token still maintains a generally bullish outlook, registering over 70% increase in the past year. This broader price trajectory explains the optimistic sentiment surrounding the top altcoin. Notably, top Bitcoin trader and investor, Coinvo, recently highlighted Solana’s current buy position, urging investors to buy before Solana price goes parabolic.
Meanwhile, other analysts are a bit conservative with their projection. Crypto Feras, for instance, claimed that if Solana is not able to hold the $179 support level, then the next support zone could be around $157. While either bias remains uncertain, Solana’s technical analysis, including 30, 50, and 200-day EMAs also points at a strong sell, which implies the current trend may persist for a little longer.
Can Lunex Network Register More Gains Than Binance and Solana By Q1 2025?
While Solana and Binance are established cryptocurrencies, it is hard to predict their short term performance considering the volatile nature of the market. Although Lunex Network is not exempted from the impact of volatility, its current status as a presale token offers a more stable price trajectory compared to other top altcoins in the market.
Besides, Lunex Network’s institutional focus serves as a major catalyst that could drive a sustainable growth for the native LNEX token.
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