New DeFi Coin Skyrockets 50%, Outperforming Solana and Cardano in the “Trump Pump”

The election of Donald Trump has triggered a major price pump in the crypto market. The new DeFi coin, Lunex Network (LNEX), is still shining. Established crypto assets, such as Solana (SOL) and Cardano (ADA), have also recorded double-digit price gains.

Lunex Network (LNEX) is a new project that investors have found interesting while in the presale stage. LNEX, the DeFi cryptocurrency, has already risen more than 50% in price. Moreover, it could increase by more than tenfold before the end of the year, according to analysts.

Solana (SOL) Regains the $200 Resistance

On the Solana (SOL) weekly chart, the altcoin has skyrocketed by 20.6%, according to CoinMarketCap’s data. Today, the cryptocurrency is mirroring the general bullish market sentiment as it has surpassed the resistance at $200.

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The Solana crypto is currently trading above $200 after months of attempting to crack this resistance. SOL’s technical indicators are flashing strong bullish signals. The Hull Moving Average (9) and VWMA (10) are in the buying territory, suggesting that Soolana (SOL) could continue increasing.

In addition to the recent price pump, the total value (TVL) locked on the Solana network has surged above $6.93 billion. According to data from DeFiLlama, this is the highest value SOL has locked since December 2021.

Also, the Solana network recorded its highest-ever monthly active addresses in October at over 123 million. Large activity in meme coins and decentralized exchanges (DEX) on the network triggered the growth. The network growth could also help the value of the Solana coin to continue increasing.

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Analyst Forecasts Cardano (ADA) Rally to $0.7500

After a long period of trading in the bearish end of the market, Cardano (ADA) is experiencing a major price increase. Increasing by more than 25% on the weekly chart, the DeFi coin has increased above the $0.4300 level.

It is the highest level the Cardano price has traded at since July and puts ADA on a bullish track. Currently, the cryptocurrency’s Hull Moving Average (9) at 0.401 is flashing a buy signal for the first time in weeks.

A popular crypto analyst, Millennium, forecasts the price of the Cardano crypto could skyrocket to $0.75000 in the coming weeks. However, the analyst chart revealed that ADA must remain above the $0.2933 mark.

In another tweet, the Polkadot Leader told his followers the Cardano coin might go for a massive price surge within the next 30 days. The analyst posted a chart that showed the value of Cardano (ADA) rising to $0.8500

Lunex Network (LNEX) Builds Momentum, Set for Massive Price Pump

Lunex Network (LNEX) is a new entrant to the DeFi market that has attracted more than $2 million in the presale phase with a current price of $0.002 per LNEX token. Analysts have predicted that LNEX may experience a 50x increase in value after launch. Lunex Network is positioning itself as a platform where users can swap coins between blockchains without using external wallets such as MetaMask or TrustWallet.

This non-custodial model guarantees the ownership of the funds, making trades significantly faster and easier. An important part of the platform is a native token, LNEX, the emission of which is designed to increase the value for long-term platform users and investors. LNEX has an interesting return in the market with staking rewards up to 18% APY.

Furthermore, as Lunex Network continues to garner transaction fees as a source of income, a part of the revenue will be used to purchase LNEX tokens. 50% will be distributed to staincentivizingtivize users to hold the token while the rest is kept aside for other activities.

With these features, Lunex Network could become one of the top DeFi projects in the market for cross-chain trading. For investors seeking to get into the crypto space, LNEX is a worthy coin to consider. While Solana (SOL) and Cardano (ADA) are gaining bullish momentum, Lunex Network (LNEX) is standing strong as one of the best cryptos in the market.