So far, Bitcoin has led the crypto bull market, but analysts believe that altcoins could propel the next bullish runs. Some of the top performing altcoins that the experts have given predictions for include Toncoin (TON), Stellar (XLM), and Lunex Network (LNEX).
Analysts predict that Toncoin could soar to $7 while XLM will likely trade as high as $0.85. Also, Lunex Network is a DeFi project with immense growth potential that could reach $1 as its reach grows within the DeFi market.
Stellar (XLM) Begins Another Uptrend, $0.85 in View
The Stellar coin has been on an uptrend in the past seven days. In this period, the price of Stellar (XLM) pumped from its lowest at $0.2362 up to a weekly high of $ 0.6067 before starting to drop again.
However, bulls are awake right now. According to price information from CoinMarketCap, the Stellar crypto has double-digit gains on the 7days and 30days timeframes. On the 7-day chart, there is a profit of 91.6%. On the 30-day level, there is a gain of 414.8%.
Thanks to the upsurge, the coin’s 14-day RSI is above 70, which is the overbought region. It means the number of buyers in the market has increased and hints at a potential correction if selling pressure increases.
Zain Haider forecasts the Stellar price may rally to $0.7456 in the coming weeks. Another expert called CW says a new price rise is about to begin. They posted a chart that showed Stellar (XLM) soaring to $0.85.
Lunex Network’s (LNEX) Non-custodial Approach Attracts Investors
Lunex Network is one of the most promising projects in the DeFi market. Being rich in unique features and aimed at users, it provides a convenient, safe, and decentralized trading platform. One strength of Lunex is that it is not a custodial platform. This means that users are able to hold their funds directly and, therefore, exclude the risks associated with a third-party custodian.
Moreover, Lunex does not ask for any KYC, so traders and investors can stay unknown while trading and investing on this platform—always a plus for those who prefer to stay anonymous. Moreover, it supports multi-chain transactions, which gives traders even more freedom and an opportunity to work and send more coins.
The main focus of Lunex is the staking mechanism through which $LNEX token holders can receive revenues. A part of the generated revenue is used to purchase $LNEX back from the market, which has the effect of supply constraint and hence can boost the value of the token. The rest of the revenue is returned to stakers, providing up to 18% APY on investment.
Additionally, Lunex provides a portfolio tracker that makes it possible to track all the cryptocurrencies in one place. This tool assists users in tracking their investments and being in a position to make sound decisions. Lunex is still in its presale stage and has raised over $3.3 million to date. Currently, at $0.0031 per $LNEX token, experts anticipate an 18x price appreciation before the end of this bull cycle.
Toncoin (TON) Sees Bullish Momentum, Eyes Key Resistance Level
According to Amina Chaattha, a market analyst, the Toncoin token is gaining momentum, bouncing back from a low of $5.814 and approaching a crucial resistance level at $6.318. The altcoin price action is exhibiting strong bullish signals, with higher lows and consistent recoveries indicating that buyers are firmly in control.
Chaattha notes that if the Toncoin crypto successfully clears the $6.318 resistance level, it could trigger a further upside movement, potentially leading to $7. The strong presence of buyers confirms that bulls are in control of the current market sentiment.
Data from CoinMarketCap shows the price of TON has increased by 14.5% on the 7-day chart. The Toncoin price is also bullish on the 14-day and 30-day timeframes, with profits of 17.3% and 24.2%, respectively.
Also, most of the technical signals of Toncoin (TON) are positive. The VWMA (10) and Stoch RSI (14) are flashing buy signals, which support the chances of an uptrend.
In Conclusion
These predictions show that analysts are optimistic about these altcoins – Toncoin (TON), Stellar (XLM), and Lunex Network. They believe the market is preparing for a potential rally that could send their prices to new levels before the end of the year.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
