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SOL’s recent surge to a new all-time high has reignited market optimism, with many investors revising their Solana price predictions for the coming months. Meanwhile, Ethereum Classic (ETC) and Lunex Network (LNEX) are experiencing significant rallies that appeal to a fresh wave of participants. As these trends unfold, investors are closely monitoring SOL’s trajectory and its ripple effect across the crypto market.
Lunex Network Unlocks Trading Potential In DEX Market
The main idea behind Lunex Network is to change the way people view crypto. Thanks to its non-custodial nature, full custody rests with the user, while advanced smart contracts enable immediate swap functionality through liquidity pools. This makes for a much smoother transaction compared to the traditional concept of order books.
Lunex Network intuitively tracks portfolios in real time using market data and analytics to help make decisions at the point of investment. The staking program offers attractive passive income, with returns of up to 18% APY, rewarding users for asset growth.
With Lunex debit cards, crypto can be directly used for everyday purchases, blending the decentralized world with real-world utility. Security is also a top priority, with Lunex Enclave technology ensuring every transaction is protected.
Supporting over 40 blockchains, Lunex Network offers an ecosystem that is both versatile and robust. Whether you are trading, staking, or using crypto in daily life, Lunex Network empowers users to maximize their digital assets while maintaining simplicity, security, and speed.
SOL’s Market Confidence Grows with 18% Increase in Open Interest
Since reaching a new ATH, SOL has retraced from $263.83 to $229. However, the recent Solana price prediction suggests an uptrend from the start of December, as SOL currently trades above all its moving averages. Traders are also optimistic, as the long/short ratio favors bulls, indicating that SOL may soon push past the next resistance zone near $250.
Despite this recent pullback, SOL’s overall trend remains strong, with its TVL still sitting above $8 billion. Additionally, open interest has increased by 18%, reflecting heightened investor confidence. Overall, SOL’s bullish outlook is reinforced by favorable market sentiment, on-chain metrics, and solid technical indicators.
ETC Surpasses $4.3 Billion, What’s Driving Its Bullish Surge?
Ethereum Classic (ETC) has outperformed Ethereum (ETH) for the third month in a row after a 62% price increase in November. Trading above its 50-day moving average, ETC is signaling potential for continued upward momentum. With its market cap surpassing $4.3 billion, ETC is evidently one of the better beneficiaries of the post-election rally.
Additionally, ETC has seen increasing network activity, driven by developers continuing to build on its secure and decentralized blockchain. Per technicals, ETC is in bullish momentum, as indicators show a “buy” signal. Projections suggest a potential 100% surge for ETC in the short term, benefiting from its role in the PoW consensus mechanism.
Don’t Miss Out On LNEX Crypto Presale!
Lunex Network is on a mission to revolutionize crypto-trading and DeFi, and its crypto presale is the first step in the right direction. With LNEX tokens selling for $0.0031 apiece, early holders can stake LNEX to earn rewards through Lunex Network’s revenue-sharing mechanism and staking program, offering fixed APY based on lock-up periods.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
*This article was paid for. Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/11/29/solana-price-prediction-surprise-sparked-ath/