SOL price forecasts remain bullish even amid widespread market selling following the Federal Reserve’s move to halt rate cuts until 2025. Analysts say that Solana price is already forming a bullish flag, with SOL falling below $200. The speculation could lead to a bullish breakout above the $210 mark.
Some SOL price predictions predict lower SOL prices, especially if the SOL price continues to fall below $190. Polkadot’s DOT is also on a big decline, hovering around $7 after its price surged to $11.66 in early December.
Leaving aside SOL price prediction and DOT, the best new crypto to invest in right now is Lunex Network. Following the surge in its presale, Lunex’s LNX token surged by over 250% and is now priced at $0.0046 in the presale, bringing its total to date to over $5.3 million. Can LNEX overcome its ATH?
Lunex Network is on track to become the best new crypto in this bullish era
A market-wide correction was expected, especially after the meteoric rise of Bitcoin and cryptocurrencies. However, if you’re looking for a bargain, the best new crypto to jump on is the LNX token from Lunex, which is leading the world’s first multi-chain DEX and aggregator.
The DEX world is often plagued with platforms that are slow to execute trades, and with the fast-paced nature of cryptocurrencies, delayed trades can lead to massive losses. Most traders on DEXs have to deal with sniper bots, front running, and high slippage. Furthermore, on-chain trading can often lead to tapping into low-liquidity pairs.
Lunex offers a hybrid model that combines the best of both centralized and decentralized exchanges. Thanks to Lunex’s aggregator, every trade is executed with the most affordable network fees and the most liquidity. This approach is not only safe but also faster and comes with zero slippage.
SOL price forecasts set bullish target despite market decline
Solana had a wild ride in 2024, with its price hitting a new all-time high of $269. This is an increase of 239%, with most viewers making bullish SOL price predictions. While SOL price is surging, the potential for further downside remains, even if Solana’s ecosystem development overtakes Ethereum in terms of growth. Apart from the increase in developers, Solana is also gaining institutional acceptance as the daily active addresses of its network have increased by 30%.
Polkadot (DOT) fell below the 0.5 Fibonacci retracement
While the entire crypto market is in a bearish state after the Federal Reserve news, it seems that Polkadot’s DOT is the most affected, with its price falling 41% to a low of $6.86. Polkadot champions interoperability and has attracted Harbor and Velocity Labs to launch a stablecoin on its open-source network. Although this new development may be bullish for DOT, it remains to be seen if it will lead to a surge in the price of DOT.
conclusion
Market corrections are common in any bullish market, and bullish SOL price predictions may still materialize. However, while companies like DOT are languishing, Lunex’s LNEX token is emerging as the best new cryptocurrency in this bullish period due to its ability to provide institutional-grade liquidity to DEXs.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Social: https://linktr.ee/lunexnetwork
Disclaimer: This article is a paid publication and Gadgets360 has no journalistic/editorial involvement. Gadgets360 does not endorse/subscribe to the content and/or views of the article/advertisement expressed here. Gadgets360 shall not be responsible and/or liable in any way for anything stated in the article and/or with respect to the view(s), opinion(s), declaration(s), declaration(s). s), confirmation(s) etc., stated/featured in the same.
