Home web3.0 Solana Outpaces Ethereum in Value, XRP Shows Breakout Potential, and Lunex Network's LNEX Token Is Set to Hit $0.1 by 2025

Solana Outpaces Ethereum in Value, XRP Shows Breakout Potential, and Lunex Network's LNEX Token Is Set to Hit $0.1 by 2025

Oct 30, 2024 pm 10:30 PM
XRP SOL Bullish Wave Lunex Network

The Solana blockchain has witnessed a massive spike in activity in the past week, triggered mostly by the surging meme coin trading volumes, which have pushed up Solana fees.

Solana Outpaces Ethereum in Value, XRP Shows Breakout Potential, and Lunex Network's LNEX Token Is Set to Hit <img src=.1 by 2025" >

Solana (SOL) Outpaces Ethereum (ETH), XRP Shows Potential for Breakout, Lunex Network’s (LNEX) Token Set to Hit $0.1 by 2025

Solana (SOL), XRP (XRP), and Lunex Network (LNEX) are among the cryptocurrencies positioned for massive rallies in Q4. With the robust trading exchange, the LNEX token will witness high demand soon, which will push the price up.

Solana Surges Past Ethereum In Economic Activity, Driven By Meme Coins

Solana’s economic activity has surpassed Ethereum’s in the past week, largely driven by the surging Solana meme coins. For instance, the launch of the MOODENG meme coin on Binance Futures triggered an over 100% surge, increasing activities in the Solana Network.

Outside of the high transaction volume, it has also surpassed Ethereum in miner extractable value (MEV) tips, an indication that Solana’s price is not solely influenced by market sentiment but also the ongoing developments in the ecosystem

Looking at the Solana chart, the altcoin has broken the $160 resistance mark, bolstered by a bullish MACD crossover of the past week. CoinMarketCap data shows that Solana’s price has risen by 8% in the past week.

The Solana trading volume has also witnessed massive growth, which is expected to push the price above the $180 resistance mark. The Moon, a crypto analyst, thinks that as long as it stays within the symmetrical triangle above the $160 support zone, it will hit the $176 mark soon.

XRP Price Drops After SEC’s Latest Move, Coin Still Positioned for Breakout

Recent XRP news shows the legal team has filed an appeal as part of its ongoing case with the US Securities and Exchange Commission (SEC). Discussing the recent appeal on X, Ripple Chef legal officer Stuart Alderoty stated that the case is not about XRP being a security, a key ruling Ripple won in July, which Stuart thinks the SEC is not challenging.

Meanwhile, the XRP price has tumbled after the recent news of the Tether proble, which triggered a market correction. CoinMarketCap data shows that the XRP price has dropped by 5% in the past week as the coin looks to maintain the $0.50 support zone. However, the XRP trading volume is increasing, possibly triggering a rally soon.

In an analysis on X, Jaydee, a popular market analyst, thinks that the XRP coin price will reach $26 in the coming months. The expert considered the previous market movements while making the prediction. If the coin maintains its current support zone, it could rally toward $1 soon.

Solana, XRP Set for Massive Rallies In Q4, How High Can They Go?

Past records have proven that Q4 is the starting point of a market rally. Bitcoin has already kicked off the rally, with altcoins expected to follow soon. Solana, XRP, and Lunex Network are among the altcoins positioned for massive rallies soon.

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