Experts are making large calls on the future of the top altcoins. Ali Martinez has spotted a major buy signal for Ethereum (ETH), forecasting that the leading altcoin could reach a value of $6 000 soon.
Another crypto that has attracted a ton of bullish attention is Lunex Network (LNEX), with experts saying that it could rise by 10x in the near future. On the other hand, for Solana (SOL), the prospect is more conservative, with figures pointing towards the possibility of the price falling as low as $148.
Solana (SOL) Could Retest $180 Resistance But Could Face Downturn
Solana (SOL) showed an overwhelming price performance in October as it crossed the $180 mark, according to CoinMarketCap’s data. The altcoin recorded double-digit gains and even outshined top coins like Ethereum.
Currently, the Solana price is trading above the 50-SMA at $153.30. This is a sign that bulls are in control and could spark a rally in the coming weeks. Analysts are even bullish about SOL and are looking forward to an uptrend.
The Cryptomist is bullish about the Solana crypto in the short term. According to his analysis, Solana (SOL could retest the $180 resistance once it breaks above the bullish falling wedge.
On the other hand, Justin Bennet forecasted that SOL could drop to the $148 August trendline. According to the crypto enthusiast, the Solana coin produced a fake breakout recently. SOL price dropping below $160 would confirm the fakeout, he added.
Martinez Bets on Ethereum (ETH) Hitting $6k
Ethereum (ETH) is currently showing mixed sentiment on the price chart. While its value has dropped 1.9% on the weekly timeframe, it is up 2.1% on the monthly level, as per CoinMarketCap’s data.
The altcoin has lost the $2,500 region in the first week of November, which could be a bearish sign. Going forward, the Ethereum price has two major resistances on its way. They are the 50-SMA at $2,527.81 and the 200-SMA at $2,942.42.
These figures are what stands between the Ethereum crypto and $3k. Emma forecasted the value of Ethereum (ETH) could see massive growth in the future.
However, it must surpass the resistances at $2,490 and $2,520. Ali Martinez has called for a price of $6,000. In his view, the risk-to-reward proposition of the Ethereum token is too attractive an opportunity to miss.
Lunex Network (LNEX) Poised for 10x Rally
Lunex Network (LNEX) is revolutionizing the DeFi market with its strong interoperability between blockchains and the emphasis on functionality, making it an app for everything for traders and investors in the crypto market. Designed to improve usability and utility, Lunex’s ecosystem includes advanced tools for users who want to enjoy easy and fast transactions.
Lunex’s cross-chain swap is another unique offer that lets users swap more than 50,000 digital assets on different blockchains without any hassle. Cross-chain management also eliminates the need for traders to trade on one specific network while they can have a diversified portfolio across different networks without needing different trading platforms.
This feature is more flexible and convenient for the users to operate all the assets in one place and save their time and transaction costs. Another important component of the platform is the Lunex token which gives its owners privileges in the Lunex network or more.
LNEX grants its holders rights to share in the revenues generated by the trading platform, participate in staking, and receive other privileges for token holders. Currently, the LNEX token has a value of $0.0019, and it is expected to rise by 10x before the year ends. It has also secured over $1.9 million in funding from investors. This shows that investors have faith in the DeFi project.
In Conclusion
Although Ethereum (ETH) and Lunex Network look promising, Solana (SOL) could drop to former lows. Meanwhile, Lunex Network has launched a $500k Giveaway for its users. LNEX buyers can earn as much as $100,000 in rewards.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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