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Ahead of the alt season, altcoins have continued to show significant signs of an imminent rally. Solana, the popular altcoin tagged Ethereum killer, has dropped below the key support zone as whales move to accumulate the Lunex Network token.
In a surprising turn of events, data from the on-chain analytics platform Trading Copter shows that Sui, the layer 1 blockchain, has surpassed Solana in daily transaction volume as the altcoin moves to set a new record. Meanwhile, the Lunex Network non-custodial DeFi exchange has been picked among the best in the market, triggering speculations of 100x rallies soon.
Lunex Network Non-Custodial Defi Exchange Triggers 20x Bullish Projections
Lunex Network is the next-generation DeFi exchange that will allow instant swapping and trading of cryptos across blockchains at a low cost. Thus, it will solve interoperability issues while ensuring adequate security and privacy of assets. Notably, the world’s first community-backed DeFi protocol allows users to get a percentage of its revenue.
Through the revenue-sharing model, a percentage of the platform’s revenue will be used to buy back the LNEX token from the open market and redistribute it to token holders. This will not only boost the token price but also ensure that the community is rewarded. At the Lunex Network, users will be able to trade over 50,000 cryptocurrencies across multiple blockchains.
Going forward, the ecosystem hosts a portfolio tracker, allowing you to track multiple assets such as stocks, bonds, etc. The non-custodial Lunex wallet is designed to store and manage crypto assets seamlessly. Users can buy, sell, or swap cryptos from one application using the wallet. Notably, KYC is unnecessary, as you only need to link the receiving address.
The ecosystem’s use cases are enormous, potentially driving its adoption. At the ongoing stage 2 of the presale, LNEX, the utility token is sold for $0.0013. So far, over 61% of the tokens mapped out for stage 2 have been sold, which means the price is set to increase soon. Given its growth potential, analysts project a 20x rally in the presale and a 50x rally on launch day.
Solana Price Projected for Massive Uptrend
Solana, tagged as an Ethereum killer, has gained momentum in the past weeks, fueled by increasing whale activity and rising TVL on the Solana blockchain. Solana CoinMarketCap data shows that the altcoin has gained 508% in the YTD price metrics to rank as one of the top-performing altcoins.
Although the Solana coin has declined slightly in the past few days, many analysts project a significant uptrend in the coming week. Meanwhile, the Solana trading volume has continued to grow, partly driven by new partnerships like the recent collaborations with Franklin Templeton and Travala, which showcase its growing influence among institutions.
The technical analysis from Tradingview shows that Solana’s price is struggling to hold onto the $146 support zone. Analysts think a bounce from this level could soon push the price above the $160 mark.
Sui Coin on the Path of Setting a New Price Record
Sui, the layer 1 blockchain ongoing rally doesn’t seem to be stopping soon. On-chain market data shows that Sui has flipped Solana in daily trading volume to signal increasing demand for the Sui token. According to CoinMarketCap data, Sui’s price has gained 108% in the monthly chart as the coin surpasses the $2 mark for the first time since March.
Sui Network-based meme coins such as Sudeng (HIPPO) have surged by over 165% weekly, and aaa cat (AAA) has skyrocketed by 370%. At the same time, the open interest (OI) for SUI has reached $827.69M to signal rising market liquidity. Analysts believe this positive news will drive the Sui price above $3 sooner than anticipated.
The technical analysis shows that Sui trades above the 50-day and 200-day EMA. However, the RSI shows a red alert at 73, signaling an overbought region. Even at that, the Sui market cap and trading volume are experiencing massive growth. As such, a rise above its $2.18 ATH is possible soon.
Cryptos To HODL Ahead of Market Rally
The positive news surrounding Sui makes it a project not to ignore. Meanwhile, Solana is showing signs of rebound, which, if successful, can trigger a rally towards the Coincodex $163 projection in the short term. As for Lunex Network, the unique ecosystem will drive its adoption, with analysts forecasting a 40x surge in the short term.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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