Investing in crypto is essential to build a solid future-proof portfolio that offers exposure to all major niches. However, this is often easier said than done as it can be quite overwhelming to try and sift through hundreds of tickers in search of winners.
This article will explore some of the safest bets that can yield substantial returns as the cycle progresses. On the layer 1 front, Solana (SOL) and Binance coin (BNB) are obvious choices. With memes taking the spotlight, rotating some funds into Dogecoin (DOGE) is never a bad idea. Polygon (POL) also appears primed for a major run. And lastly, Lunex Network (LNEX), a newcomer in the DeFi space, is still in presale and already showing great promise. Let’s dive in!
Dogecoin Is Ready For The Next Leg Up
Dogecoin has grown into a behemoth since its sub 1 cent times, and it’s safe today that it transcended its meme coin status, becoming a staple in any long-term portfolio. In November, Dogecoin (DOGE) skyrocketed by over 200% in just a few weeks, topping headlines and kickstarting the next meme season. After peaking at $0.47, Dogecoin retraced, entering a narrow channel around the $0.40 mark.
As Dogecoin consolidates, analyst Bluntz Capital has drawn attention to a breakout from an ascending channel on the DOGE chart. If the breakout is confirmed Dogecoin could soon soar to new heights, but it must first reclaim and hold the $0.44 resistance.
Dogecoin’s massive rise can also be attributed to the most famous DOGE champion Elon Musk. Musk played a crucial role in the victory of pro-crypto candidate Donald Trump during the US presidential elections. Moreover, he is also set to lead the new Department of Government Efficiency, codenamed D.O.G.E.
Solana ETF Talks Continue
Heading into 2025, Solana is still poised to play a protagonist role in the crypto market, as a series of bullish catalysts are lining up. For starters, Solana’s meme coin factory is firing on all cylinders, driving millions in revenue every month as euphoria grips the market.
In addition to this, there are increasing reports about a spot SOL ETF release that could take place at some point in 2025. Institutional investors and fund managers like Canary Capital, VanEck, and Bitwise have already filed for approval with the SEC.
At press time, Solana sells for $238 with an 8% retracement from the $263 all-time high. Large buyers are already taking advantage of this dip. According to whale tracker Lookonchain, just the other week, a Solana whale snatched over 100,000 SOL tokens worth approximately $23.6 million.
Why Lunex Network Could Be The Gamechanger That DeFi Needs
Lunex Network is a new cutting-edge decentralized exchange that integrates all major blockchains, including Solana, Ethereum, and Bitcoin. Users will be able to perform near-instantaneous swaps across over 50,000 assets at the lowest possible fees
Lunex Network also guarantees a passive income stream for holders of the $LNEX token. A percentage of the platform’s profits will be redistributed every week as staking rewards for up to 18% APY.
This is just the tip of the iceberg when it comes to Lunex Network’s vast offering. Readers who want to learn more can head over to the official website and discover the wide array of features of the Lunex ecosystem.
The Lunex Network presale is live and $LNEX tokens sell for just $0.0033 and so far nearly $3.6 million has been raised.
Is A BNB Breakout Incoming?
BNB demonstrated impressive resilience during the most bearish summer months of 2024. However, this did not immediately translate into significant movements for the BNB price as the market sentiment shifted to bullish in Q4.
Today BNB trades at $650 with a 2% intraday increase and is still moving in a narrow trading channel around this mark. As BNB approached the $680 resistance, selling pressure intensified and the attempted breakout failed. This lack of progress led to BNB losing its 4th place on the crypto leaderboard, with Solana overtaking it and putting a $20 billion distance between them.
However, things could soon turn around for BNB. Analyst Crypto Zeinab points out that in the 2-week timeframe, the BNB chart has been printing a multi-year cup & handle pattern. This formation could culminate with a massive upward move and send BNB to a new all-time high.
Polygon’s Climb Continues As It Approaches Critical Resistance
After months on the sidelines, Polygon (POL) has started showing signs of life again and surged by over 66% in less than a month. Today, Polygon sells for $0.56 with a 1.1% daily decline and a 22% drop in 24-hour volume, with roughly $353 million worth of POL traded on exchanges. This diminished buying interest signals that Polygon has entered a cool-off phase as it consolidates around the current levels.
Polygon is in the process of transitioning from the MATIC token to POL. However, this rebrandhas been received with mixed feelings by the community as reflected by the generally underwhelming price action of the past few months, without taking into consideration the latest rally.
However, large investors deem Polygon undervalued, and whales are taking action. Renowned analyst Ali Martinez has shared some on-chain insights, showing that large wallets have accumulated over 59 million POL tokens in the last two days, worth approximately $33 million.
Conclusion
With the crypto market heading into an explosive 2025, most cryptocurrencies are likely to experience significant gains. However, investors who want safe returns should consider starting with any of the above-mentioned projects, as they boast a robust track record and consistently capture the attention of the crypto community. This is key because attention almost always translates into green candles.
Lunex Network, in particular, seems to be a gem in the making as it could vastly outperform all of the others, given its magnitude smaller market cap.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
