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Solana (SOL) and Ethereum (ETH) are arguably the two largest DeFi projects with more growth potential in the near and far future due to their fully-powered DeFi platforms. According to Solana’s encompassing ecosystem with fast transactions and high interoperability, the price of its token, SOL, has priced above its crucial $200 resistance level but failed to hold steady.
This brief growth in Solana coin tallies with the recent price development on Ethereum as the token just recently jumped to stabilize around $3,280. Meanwhile, Lunex Network (LNEX), a new multichain DeFi platform, is emerging with lucrative features that stand as a contender to Solana and the Ethereum token.
Solana Price Can’t Stabilizes Above $200 Again After It Saw A 60% Surge In Trading Volume
The price of Solana (SOL) coin hit an all-time high of $263 before the year 2024 ended. However, since this pump, SOL price dropped considerably, with its price consolidating to lower levels below $190. At the moment, the price of Solana is holding in a weekly range of $183 and $208, and it just fell by over 10% in the past week.
Additionally, Jesus Martinez highlighted a Bitcoin prediction of Solana coin, saying it will likely be worth $750 in the first quarter of this year. This prediction has ignited strong speculation of a bullish trajectory for Solana (SOL) this year.
Ethereum (ETH) Shows Bullish Strength After Its Potential Rebound Above $3,450
Ethereum coin has progressed slightly this past week despite facing fluctuational pressure for most of the week. Although the price is still in a tight weekly range of $3,258 and $3,375, the giant altcoin has dipped by 8.38% in the past week. This weekly drop is also accompanied by another pump in its trading volume.
According to a crypto expert, LLuciano BTC, has indicated that Ethereum coin could hit $5,000 when it starts moving up alongside Bitcoin in the next bullish market. Another analyst who shares market insights on X (formerly Twitter) has highlighted the high possibility of a further upside movement for ETH once it holds strongly above $3,500.
Ethereum token however holds an intrinsic potential for growth owing to its wide DeFi dominance in the altcoin market. The token is also poised to follow Bitcoin’s rise closely this year when the bullish market continues.
Lunex Network Shows Immense Potential to Dominate The DeFi Market When It Launches
Lunext Network (LNEX) has grown stupendously in its presale phase, having sold over 2.4 billion of its tokens, more than half of its 4 billion presale supply. In the process, Lunex Network has gathered over $6.2 million, which further signals its strength and bullish prospect. However, one of its main allures is its expansive non-custodial exchange platform where its users don’t have to deal with third-party apps like Trust Wallet or MetaMask.
This new DeFi platform also allows crypto swaps across 40 blockchain networks with over 50,000 cryptocurrencies pairs to choose from. In addition to granting cashback rewards, cheap transactions fees, high liquidity pools and periodic rewards also its swapping protocol, Lunex Network has a Portfolio Tracking feature. With this advanced trading tool, users can keep a strategic watch over their assets and manage them critically through the help of consistent market updates.
Lunex Network had also set up a B2B merchant payment gateway for business owners and merchants to access crypto as payment in multiple currencies. Additionally, the platform houses over 65 RPC nodes for developers to handle Web3 building by simply just giving keys to APIs. Appealing to both small and large scale investors, its token has attracted many investors to its current undervalued price of $0.0054 after a 350% pump from $0.0012.
Is Lunex Network Capable of Outperforming Solana and Ethereum?
While Lunex Network offers innovative features like cross-chain swaps and portfolio tracking tools coupled with its exchange protocol, surpassing top DeFi projects like Solana and Ethereum may be challenging. However, the potential for it to outperform these DeFi coins is possible given the best case scenario.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Source: https://coinedition.com/sol-mirrors-eths-ascent-but-fails-to-hold-above-200-lunex-network-pose-as-a-solid-contender-against-both/