Solana and XRP See Correction Risks, While Lunex Network Attracts Investors with Cross-Chain Trading and Staking Rewards
Solana and XRP have both recorded significant gains over the last seven days, but analysts are already seeing signs of an upcoming correction phase. Meanwhile, Lunex Network’s presale is attracting investors with its cross-chain trading features and staking rewards.
Solana’s Rally is Expected to End Soon
Solana’s price has only increased by 9% over the last seven days, despite the broader crypto market recording exponential gains. Solana’s price trend is now showing signs of a potential correction in the next few days. As Solana’s CCI has turned negative, Solana appears to be losing its upward momentum. With Solana’s RSI getting closer to oversold territory, analysts believe Solana might retrace toward the $211.81 support in the upcoming days.
XRP’s Buying Activity Sees Huge Decline
XRP’s price has experienced massive fluctuations over the last few months as XRP owner Ripple continued its battle with the US SEC. Despite XRP recording a significant 109% rally over the last seven days, XRP’s buying activity appears to be cooling down now. With XRP’s RSI stepping into oversold territory and the CCI flashing sell signals, analysts believe XRP’s rally from last week is likely to end in vain.
Lunex Network Prepares for Another Massive Rally
Lunex Network has recorded several rallies over the past few weeks, pushing the token’s price up by 116%. Even though Lunex Network is still in presale, the platform has already proven its potential by raising more than $2.4 million in record time. If Lunex Network maintains this upward momentum by the end of 2024, analysts are projecting up to 1800% returns for LNEX holders before the token is officially launched on the open market.
The real reasons why Lunex Network is experiencing such exponential demand are the platform’s cross-chain trading features and staking rewards. When traders invest in Lunex Network’s presale, they get exclusive access to the platform’s non-custodial DeFi exchange as soon as it is launched. Since every transaction made on Lunex Network is encrypted on Ethereum’s immutable blockchain and executed through smart contracts, traders can retain full control over their assets while trading.
To make things even better, Lunex Network shares a big chunk of its weekly revenue to current LNEX holders in the form of staking rewards. Since Lunex Network is a community-backed token, the platform uses up to 18% of its weekly revenue to purchase tokens on the open market. Half of these are distributed to stakers as rewards while the remaining are removed from supply through a token burn mechanism that keeps LNEX’s price deflationary over time.
Predictions
Based on the analysis, it is predicted that Solana’s price will retrace toward the $211.81 support in the upcoming days, while XRP’s rally is likely to end in vain. On the other hand, Lunex Network is expected to continue its upward momentum, with analysts projecting up to 1800% returns for LNEX holders before the token is officially launched on the open market.
Investors should keep a close eye on Lunex Network’s presale, as it is attracting investors with its cross-chain trading features and staking rewards. With the platform’s non-custodial DeFi exchange and staking rewards, Lunex Network has the potential to become a major player in the crypto market.
Disclaimer: This content is provided for educational purposes only and should not be considered as investment advice. Investors should do their own research before making any investment decisions.
