Solana has finally broken through its critical supply zone, with the Dogecoin whale recently purchasing $21.65 million worth of DOGE tokens. Meanwhile, the Lunex Network presale has already raised $1.2 million, with thousands of early investors betting on the token’s 100x future potential.
Recent trends in Solana (SOL) cause price hike
Solana generated a significant $54.7 million in revenue in the third quarter, ranking among the top three networks by revenue. Even after this major accomplishment, Solana continues to innovate its ecosystem with new developments every week. Solana recently added the Elmnts protocol to its blockchain, which tokenizes investment funds backed by gas and oil royalties on Solana.
Solana is currently trading at $169.52, up 3.43% during the day. Solana’s volume has decreased by 11.32% in the past 24 hours. This suggests that investors are currently holding Solana tokens in anticipation of future profits. Solana price is likely to test the $186.36 resistance level in the coming days as Solana is trading above all simple moving averages on the SOL/USDT daily chart.
Dogecoin (DOGE) whale accumulates 155 million tokens
Dogecoin whale recently accumulated 155.11 million DOGE tokens from Robinhood. This Dogecoin trade worth $21.65 million sparked bullish sentiment among Dogecoin investors who believe the token could rise even higher in the coming weeks. Dogecoin is currently trading at $0.1404 after a slight drop of 0.89% during the day.
Dogecoin’s volume also fell by 11.93% in the past 24 hours as investors braced for further upside. Dogecoin price chart has formed three consecutive lows while breaking out of the reversal box, leading analysts to believe that Dogecoin may test the $0.1549 resistance soon. Exceeding that level would mean Dogecoin will rapidly rise towards $2 by the end of 2024.
Successful pre-sale of Lunex Network (LNEX) attracts attention from institutional investors
Lunex Network has already been tagged as a top crypto presale after the project raised around $1.2 million in record time. With analysts predicting the fourth quarter to be an alt season, Lunex Network is expected to join in on the next altcoin rally and reap huge profits. If these predictions come true, Lunex Network’s price could experience a massive 1,800% jump by the end of the presale.
The reason why Lunex Network has quickly gained attention is due to the platform’s ability to exchange over 50,000 tokens between different blockchains. The best part about trading on Lunex Network is that Lunex Network’s non-KYC policy allows traders to keep their identities private. Lunex Network executes all trades through smart contracts, so traders no longer need to rely on automated market makers. Instead, you have complete control over your crypto assets and enjoy complete transparency in every transaction.
Lunex Network’s DeFi exchange already features a mobile exchange, crypto wallet, portfolio tracker, and even a merchant payment gateway for institutional investors. Businesses can use Lunex Network’s payment gateways to accept crypto-to-fiat payments from customers around the world, increasing their target audience. To further increase the real-world adoption of Lunex Network, the platform will distribute 200 exclusive Lunex cards that will enable traders to make daily payments using digital assets wherever they are.
Lunex Network is currently in its fourth stage of pre-sale, with tokens being sold for as low as $0.0017 each. As Lunex Network gains momentum in the fourth quarter alt season, analysts are predicting a massive 100x rally before LNEX hits the open market.
Learn more about the Lunex (LNEX) network here.
Website: https://lunexnetwork.com
Social: https://linktr.ee/lunexnetwork
