As the bullish momentum in the crypto market subsides, top altcoins like Solana (SOL) and Polkadot (DOT) are facing noticeable retracement in their prices.
While SOL price is still able to stay above the $170 resistance level despite recent retracement, Polkadot is sliding further below its consolidation zone.
Meanwhile, early backers of Lunex Network (LNEX) have locked in about 58% ROI after the native $LNEX token made a giant leap from an initial offering price of $0.0012 to its current price of $0.0019 in the ongoing fifth presale stage. Given its positive price outlook and unique ecosystem, Lunex Network is drawing enormous attention across the crypto market.
Lunex Network’s DeFi Iteration Sets to Disrupt DeFi Market
The Lunex Network (LNEX) stands out largely because of its unique approach to solving DeFi challenges. Essentially, the DeFi platform streamlines the tedious process involved in swapping and transferring crypto assets. To put it differently, Lunex Network connects isolated blockchains and establishes a non-custodial crypto exchange that can execute crypto swapping and cross-chain transactions in a single process.
By cutting down the process involved, Lunex Network facilitates instant crypto transactions at the cheapest rate. More importantly, it allows users to spot trade 50,000 cryptocurrencies instantly, completely anonymously and without the need for a third-party wallet. Additionally, the platform provides users with a custom portfolio tracker to help them properly manage their assets.
Lunex Network also offers institutional services, including the provision of over 65+ RPC nodes for all Web3 development needs. Furthermore, corporate businesses can also integrate the B2B merchant payment gateway in order to accept crypto payment, and convert to fiat and vice versa. Meanwhile, at the center of its operation is the native $LNEX token which is currently selling out at an ample price of $0.0019 in the fifth presale stage.
Polkadot Price Consolidates Despite Market Uptrend
Despite ongoing market frenzy, Polkadot (DOT) price have not made any significant move towards the upside. Instead, DOT price has been trapped in what appears to be an extended consolidation zone with nearly 10% decline in the past month.
Specifically, the DOT price rose from its monthly lowest point around $3.96 to reach a peak price of $4.59; albeit, it failed to maintain its bullish momentum.Currently trading within a weekly price range of $4.18 and $4.01, DOT price reflects about 4% decline which further compounded its woes.
So far, DOT token has been trading in the negative zone which has further affected its year-to-date price trajectory. With nearly 10% decline in the past year, there appears to be no end in sight for DOT price consolidation. This claim is further backed by Polkadot’s technical analysis, which points at a strong sell signal, further suggesting a continued trend.
Solana Price Risks Falling Below $170 Mark Amidst Fluctuation
After breaking past the $180 resistance level, Solana (SOL) is struggling to maintain bullish momentum as it gradually slides towards the $170 price mark. While it maintains a generally bullish outlook in its monthly price chart with over 11% increase, SOL price has registered a noticeable decline in the past week.
The leading altcoin is currently trading within a weekly price range of $175 and $170, which reflects over 3% decline in the past 7 days. However, this appears to be a minor setback, considering that Solana token’s technical analysis, including its moving averages, still points at a strong buy, which suggests an imminent price resurgence.
This positive price outlook reflects the Solana community’s enthusiastic stance, with 85% of over 60K members on CoinMarketCap voting in favor of a bullish price trajectory for the native SOL token.
Can Lunex Network Lead Solana and Polkadot This Q4?
Although Solana and Polkadot are well-established crypto assets, Lunex Network stands a better chance to deliver more gains this Q4. Despite being a presale token, the $LNEX token has already delivered 58% ROI for early backers.
While it is expected progress through additional stages in its presale, early adopters can anticipate even more gains. Besides, interested participants can also benefit from Lunex Network’s ongoing giveaway and stand a chance to win a share of the $500K worth of prize to be shared among early backers.
For more on Lunex Network and its cashback offer, visit
- Website: https://lunexnetwork.com
- Socials: https://linktr.ee/lunexnetwork
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
