Solana Smashes ATH
but Is the Crypto Overvalued? Crypto Enthusiasts Discuss
Sol s
Infinite Supply and Why
It Could Become Worthless
Solana Smashes ATH but Is the Crypto Overvalued? Crypto Enthusiasts Discuss
Sol s Infinite Supply and Why It Could Become Worthless
by Bitcoinist
2 hours ago
in Press releases
0
As Bitcoin nears the $100,000 milestone and Solana reaches a new all-time
high, investors are buzzing over the commencement of a new bull run for
2024-2025.
Solana harbors potential to become the premier layer-1 if it isn’t already,
though for exponential gains, smart money investors are acquiring the
DEX-swapping ICO gem Lunex Network.
Solana Explored: What Has Driven SOL’s New All-Time High In The Short-Term?
Solana has been the trendiest layer-1 so far in this cycle, surpassing market
expectations while cementing its position as the fourth-largest
cryptocurrency. Earlier last week, Solana reached an all-time high of $263
following a 50% monthly upsurge, showcasing Solana’s investor appeal as the
bull run picks up steam.
Analysts are increasingly bullish about Solana’s trajectory. The imminent
arrival of altcoin season and new all-time high Bitcoin prices are expected to
act as key catalysts, driving network activity and money into Solana. In
addition, BTC whales diversifying their portfolios into Solana amid a Bitcoin
cool off could further bolster Solana’s upward momentum.
As euphoria continues to soar and investors start getting loose with their
capital, the Solana meme ecosystem is expected to amplify Solana’s bullish
narrative even further. The efficient TPS speeds and low transaction fees of
Solana have paved the way for decentralized applications like “pump.fun” and
trading bots such as BullX and Photon, which are a haven for Solana degens to
create, trade, and snipe low market cap meme gems on a whim.
How Far Can Solana Go In This Market Cycle?
Many believe Solana could dominate this cycle, cementing its role as a major
player in the crypto space. The possibility of a Solana spot ETF, especially
in light of Trump’s pro-crypto administration, has amplified this optimism. A
move beyond $300 now appears realistic, with $270-$290 serving as key levels
to watch for in December and Q1 2025.
Additionally, Solana’s performance aligns with broader market trends, fueled
by extreme greed in the fear and greed index. With Solana just 5% away from
hitting another all-time high, Solana is perfectly positioned to capitalize on
the pervasive bullish sentiment permeating the market right now. Based on
this, Solana could feasibly achieve a 2-10x rise in 2025.
The Best Presale Gem: Why Lunex Network Is Poised For Greatness This Bull Run
Lunex Network stands out as a top-tier ICO opportunity with immense growth
potential in this bull market.
A key highlight of Lunex Network is its decision to bypass KYC requirements,
allowing users to trade without submitting personal identification like
passports or driver’s licenses. This seamless and private process supports
token swaps across over 50,000 blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн networks, including Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum,
Solana, and Solana memes including Bonk and Dogwifhat.
The platform also eliminates the need for external wallets, streamlining the
swapping process even further. Transactions are completed in seconds, thanks
to Lunex Network’s implementation of advanced smart contract technology.
Adding to its appeal, Lunex Network operates a revenue-sharing system that
repurchases tokens from the market, redistributing 50% to token holders and
the rest as staking rewards with APYs of up to 18%. This strategy incentivizes
long-term holding and sustains the LNEX token’s value.
Currently priced at $0.0033 in its presale stage, Lunex Network offers a prime
opportunity for substantial returns. Analysts forecast a 25% price surge in
Q4, urging investors to act swiftly before the next stage begins.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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research and invest at your own risk.