Toncoin has grown rapidly since Gary Gensler’s exit announcement on November 21. On November 23, TON price entered a major bullish momentum to reach a new 90-day high of $6.6. Its on-chain technical structure indicates that TON’s price could break out above the $7 mark as whale investors have significantly increased the demand for the token.
On the other hand, Lunex Network is emerging as the go-to platform for investors seeking high returns and reliability in the DeFi market. It introduces an aggregation protocol and a system designed to offer passive income, key drivers behind its impressive presale performance. Analysts hint at more rallies, potentially reaching the $0.1 mark in 2025.
Lunex Network To Redefine The DeFi Market
Lunex Network has been gaining major hype as the revolutionary DeFi exchange. The project sets a new gold standard for crypto trading by launching a non-custodial exchange connecting isolated blockchain networks. Since Lunex Network’s high demand has already pushed its price to $0.0033, its price is also set to record more gains targeting the $0.0038 region.
This surge has been attributed to the project’s features, including cross-chain interoperability and increasing whale investments. By integrating smart contracts into its ecosystem, Lunex Network offers traders the opportunity to store, swap, and exchange more than 50K crypto assets across 40 chains with just a click of a button.
Aside from its unique trading features, Lunex Network is also big on rewards. Through an ingenious revenue-sharing model, it offers staking rewards with up to 18% APYs. Adding LNEX tokens to your staking pools will ensure you start receiving rewards in as little as 30 days.
Toncoin Price To Reclaim The $7 Level
While the Toncoin ecosystem experienced profit-taking from investors, which saw the TON price dip below the $5.9 mark, the bulls regained the market, prompting a rebound that reclaimed the $6.0 region. The on-chain technical structure indicates that the price of Toncoin is on track to advance towards the $7 milestone. The recent rally can be attributed to broader market trends and Gensler’s departure confirmation.
Notably, Gensler’s departure has enhanced the Toncoin community’s confidence in the crypto asset, which was previously overshadowed by regulatory scrutiny. Per IntoTheBlock data, net flows started purchasing TON coins in larger volumes on November 21. By November 23, an unknown crypto whale had acquired 262,580 TON tokens, roughly $1.7 million, the highest in one day inflow since September 18.
Amid sustained buying pressure from crypto whales, Toncoin’s Bollinger Bands are widening, indicating increased volatility. The price of Toncoin has confirmed the bullish momentum after breaching the $6.20 level, which has set the stage for fresh rallies towards the $7 mark, an area last seen in August. Moreover, the Volume delta flipping into a positive as the price rebounds near the $6 level highlights renewed buying that could form a local low and begin a new leg-up phase.
Lunex Network Aims For Further Gains In Q4
Like Toncoin, Lunex Network will record more gains in the coming days. This has led to significant momentum in its presale, raising over $3.8M in revenue. This shift in momentum is due to Lunex Network’s impressive DeFi protocols, which sit well with most investors.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
