Can Solana Price Recover or Is Shiba Inu Coin a Better Bet for 2024? Experts Are Choosing a Different Crypto Instead

Solana (SOL) Gains 18% On Rival

Solana’s price is approaching the neckline for around $160. If it breaks above this level, it would confirm the reversal. The market has shifted from a prior downtrend, and Solana’s price action indicates a buildup suggesting that bullish momentum is increasing.

Analysts predict that if Solana’s price breaks above $160, it could face resistance at that point and possibly higher at $180. Solana has also seen signs of an 18% gain against Ethereum. More investors might move from Ethereum to Solana because of this gain, thus boosting its chances of pushing prices higher.

Could Shiba Inu (SHIB) Hit $0.00003?

Despite recent market dips, Shiba Inu has shown resilience. This strength comes from increased attention to Shiba In’s ecosystem advancements, particularly Shibarium and Shibburn.

On another note, on-chain data shows higher token burn rates for Shiba Inu — more than 5 million SHIB tokens burned in the past 24 hours. These strategic burns will reduce supply, potentially increasing the token value. While the weekly burn rate dropped by nearly 99%, the recent rash of burns signals renewed bullish momentum for Shiba Inu.

The price of SHIB is at a turning point in the market with a breakout possibly imminent. If this momentum continues, analysts expect the Shiba Inu to push above $0.000018, possibly reaching $0.00002. A further buying pressure could push the token as high as $0.00003 before the end of October.

Lunex Network (LNEX) Overtakes Other Decentralized Exchange Platforms

Lunex Network offers a groundbreaking DeFi solution that enhances market accessibility and speeds up transactions in decentralized exchanges. By connecting isolated blockchains and creating a non-custodial exchange network. Lunex Network allows users to swap over 50,000 different cryptocurrencies without needing to connect to third-party wallets or provide personal information.

With a community-focused approach, Lunex Network provides attractive incentives, including sharing a portion of its revenues through its native token $LNEX. This revenue-sharing model, combined with a user-centered strategy to address traders’ challenges during cross-chain activities, has already raised over $645,000 in presale revenue, with the token priced at $0.0013.

Lunex Network is expected to deliver significant returns post-launch due to its various features. One notable feature is its portfolio tracker, which assists users in managing their assets. The platform also offers a staking mechanism with yields of up to 18% APY. Analysts predict that this presale gem could outperform other DeFi coins next year, potentially delivering 1800% returns before the end of its presale.

In addition to its practicality in the DeFi market and cross-chain capabilities, Lunex Network provides a striking mechanism, an institutional liquidity pool, and passive income streams to users regularly. These features make $LNEX an attractive investment choice.

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.