Cash News
Solana is being tipped to flip BNB in the near future, while new DeFi presale sensation Lunex is looking to go on a parabolic run in 2024.
New York-based investment management firm VanEck, known for its specialization in exchange-traded funds, recently predicted that hard-charging Layer-1 blockchain platform Solana could potentially peak at a high of $330 before the year ends. If that were to happen, it would flip well-established BNB, the native token of the Binance crypto exchange ecosystem, at the #4 spot among the leading cryptocurrencies by market cap.
On the other hand, the newly launched DeFi protocol Lunex Network is being tipped for 100x as a future leader in the DeFi sector with its robust suite of cross-chain DeFi products. Lunex Network has already sold out stage 1 of its presale in record time after selling over 430 million $LNEX tokens in a span of a couple of weeks. Learn why Lunex Network could give both BNB and Solana a run for their money in terms of EOY gains—and why YOU should get in on the early action.
Solana closes out September on a high note after VanEck prediction
Solana peaked at $160 at the end of September, off the heels of VanEck’s predictions that the Layer-1 protocol could yet go on a run towards $330 by the end of the year and flip BNB in the list of top crypto by market cap. However, Solana corrected in the first week of October, dropping to $134 last October 3rd. Since then, Solana prices have traded around the $150 range, with bulls buying the dip to pump prices back to a critical support level. Solana bulls will have to turn up the heat if it is coming anywhere close to VanEck’s lofty expectations and challenge BNB and Ethereum for dominance and market cap.
BNB fails to build on a strong September finish
BNB closed out the past month at a high of $615. This has led investors to believe that it could retest its previous all-time high of $717 set last June. However, BNB faced a slight correction to begin October as BNB prices fell to $538 last October 3rd. Since then, BNB prices have since settled around the $550 range. Despite a 9% loss to start off the first week of October, analysts believe it’s all just a matter of time before BNB starts retesting the $600 range in the final quarter of the year. It remains to be seen whether Solana can pose a serious challenge to BNB’s position, considering BNB’s market cap sits at $81 billion compared to SOL’s $67 billion market cap.
Smart money betting big on Lunex to outperform SOL and BNB
Lunex Network is the best choice for investors looking to make significant gains in Q4. Since launching, Lunex Network has already sold over 430 million $LNEX tokens in just several weeks. Talk about early traction. The DeFi protocol has also raised over $500,000 in just a short amount of time. Lunex Network’s payload is to provide cross-chain DeFi solutions allowing users to buy, sell, swap, bridge, and trade 5,000+ token pairs across 40 blockchains and counting.
Lunex Network has a lot of potential to become one of the top altcoins in DeFi. Prices for $LNEX tokens are available at a significant discount of just $0.0013 at stage 2 of its presale launch, giving investors a one-in-a-million chance to buy a real blue chip with the potential to go on a parabolic run. With its unique and easy-to-use cross-chain suite of DeFi services, Lunex Network not only solves the hurdles to interoperability but also onboards a new wave of DeFi and Web3 users. Thanks to its low market cap and high upside potential—not to mention its presence in a lucrative sector—Lunex Network could ride the DeFi wave toward a 100x gain.
You can find more information about Lunex Network (LNEX) here:
Website:https://lunexnetwork.com
Socials:https://linktr.ee/lunexnetwork
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.