Sui price has shown remarkable resilience recently, refusing to drop further down after a market correction sent it below $1. Solana, on the other hand, has faced slight dips as it totters near overbought territory.
However, experts believe that Lunex Network, a new player in the exchange space, is the next big crypto, as it comes bearing gifts for both crypto investors and traders. Lunex has generated a lot of buzz as crypto enthusiasts find its presale irresistible. Can this brand-new project live up to its next big crypto status? Find out in this piece.
Sui price booms as VanEck adds SUI to portfolio
SUI dipped spectacularly in the middle of 2024, falling below $1 as the crypto market went through several phases of corrections. But as of press time, the SUI price is well above $3. This is its highest price ever, and experts see it as a glimpse of SUI’s big potential.
The recent SUI boom could easily be seen as an aftermath crypto glow of the US election. But VanEck adding SUI to its portfolio could fuel the current SUI momentum. VanEck is an investment firm that manages over $100 billion in assets. Experts believe that this institutional interest in SUI could propel SUI to a whole new level.
Is Solana overbought?
Solana is one of the most popular and closely monitored crypto projects in the world. Ever since it broke $200, SOL has gone under intense buying pressure. Its average daily trading volume was $10 billion for the last day, which is 5x what it was just a month ago. This has pushed SOL upward, but analysts envision a dip in the near future.
Older SOL holders- or even whales could take advantage of the situation and decide to take profits. This potential large sell-off would impact SOL’s price, causing a dip no one foresees. Should other players follow suit, Solana could suffer further dips and put new investors in red territory.
Lunex Network: The next big crypto
Lunex Network is barely known, yet it is generating a lot of attention among investors. Imagine how massive its ROI will be by the time it goes viral and sends the crypto world into FOMO mode!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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