1 month ago
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Knowing the potential price increases of coins that offer solutions to one problem or the other in the crypto space or that generally offer utility, a crypto veteran who invested in Solana (SOL) when its price was still $20 will be smiling at his portfolio after the altcoin’s surge this year. In like manner, such a crypto veteran perhaps knows that Toncoin (TON) could deliver similar results.
And not just Toncoin (TON), but also the new DeFi protocol Lunex Network (LNEX). While these tokens have intended to make impacts in the crypto space their future looks promising. As a result, these tokens are predicted to yield big gains for those who accumulate them now.
Lunex Network Allows Users to Earn Passive Income
Lunex Network gives priority to user experience, such that even a complete beginner will be able to navigate the platform without much stress. Additionally, as a non-custodial crypto exchange, Lunex network also permits users to securely trade over 50,000 cryptocurrencies across over 40 blockchains, saving them the stress of jumping from one platform to another to transact.
Moreover, Lunex Network allows token holders to earn passive income from the weekly revenue that is generated from swaps on the platform. Meanwhile, the revenue sharing is conducted in such a way that the revenue is divided into 2 equal parts after which 50% would be distributed to holders of the LNEX token as direct profits.
On the other hand, the remaining 50% will be used as exclusive rewards and for additional features on the Lunex network platform. Individuals interested in making passive income would find this feature valuable. Meanwhile, selling for only $0.0013 per token, the LNEX token is currently in stage 2 of the presale. However, this price is expected to increase soon.
Solana Price Declines
The Solana coin has done rather nicely over the past year. Rising to over 760%, the Solana pricejumped from $23 in November 2023 to $200 in March 2024. But since the Solana price hit $200, it has struggled to climb much higher. Bearish pressure started to build in the meanwhile, and Solana (SOL) developed a major support level at $130.
Several times, the bears have tried to drive the price of the Solana coin far below this level; but,the bulls have been able to maintain the support zone. Solana (SOL) rose from $133 to $160 over the past month before losing optimistic steam and falling below the $140 level.
Moreover, the price of Solana (SOL) dropped roughly 9% from $151 to $137 last week. Solana (SOL) broke below and appears to be moving toward the $130 support zone following a short period of consolidation between $150 and $162.
Toncoin Price Aims To Retest ATH
Despite a weekly decline of almost 10% from $5.79 to $5.23, the Toncoin price seems to be struggling between bullish and bearish momentum. Meanwhile, the community sentiment of Toncoin (TON) remains bullish and holders anticipate the altcoin to resume its bullish move which halted recently after reaching the $6.1 mark.
Moreover, the Toncoin price chart analysis over the past month reveals that the altcoin recorded a notable uptick of about 1% from $5.15 to $5.23. Initially declining to $4.57 at the beginning of September, Toncoin (TON) regained bullish momentum which sent the price to $6 where resistance was encountered.
However, analysts anticipate that Toncoin (TON) could break through this resistance in the coming days. If bullish momentum prevails, we might see the value of Toncoin (TON) surge to $7 and possibly retest its ATH of $8.2 in the coming weeks, as observed on the Toncoin price chart.
Lunex Network and Toncoin Could Replicate Solana’s All-Time Surge
Solana (SOL) has recorded an over 16,000% all-time surge, and both Toncoin (TON) and LunexNetwork (LNEX) are gearing up for a similar rally. While Toncoin (TON) has only surged over 1,100% all-time, Lunex Network is still in its presale phase but is already witnessing increasing token demand. As a result, a huge price surge is anticipated to occur soon.
You can find more information about Lunex Network (LNEX) 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 viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
