Toncoin (TON) has performed remarkably over the past year, rising from $2 to $5.2, an annual growth of 165%. One investor predicted that Toncoin (TON) would rally when the altcoin was still around $2.
This investor is now predicting major 2024 moves for Bitcoin Cash (BCH) and Lunex Network (LNEX).
Although Bitcoin Cash (BCH) managed to stay above $320 and appears to be encountering resistance at $380, holders are optimistic that this barrier will be breached shortly. Meanwhile, Lunex Network is exciting investors with problem-solving capabilities in the DeFi space. Interestingly, CMC has listed the LNEX token, adding to its potential success.
Lunex Network Occupies A Valuable Spot In DeFi
While several other decentralized exchanges – the likes of Uniswap and PancakeSwap – require users to upload their personal information as per KYC procedures, Lunex Network prioritizes privacy, security, and anonymity. As a result, users will not go through KYC checks. Also, they won’t even be required to connect any third-party wallets like Trust Wallet or MetaMask.
Instead, users of Lunex Network will be able to instantly swap their tokens across multiple blockchains including Ethereum, BSC, Solana, TRON, and many others. It may surprise you to know that over 50,000 cryptocurrencies are available on Lunex Network across more than 40 blockchains. Hence, users can effectively carry out cross-chain transactions at minimal fees.
Therefore, if you have gotten tired of the struggle of exchanging assets across different networks, then Lunex Network will better your experience. And you will not have to worry about any potential security threats that are usually associated with third parties. Interestingly, the LNEX presale is underway with each token selling for only $0.0015 apiece in stage 3.
Toncoin Blockchain Hopes To Better User Engagement
Toncoin (TON) has taken advantage of the wide audience on Telegram to bridge the gap between ordinary users and the Web3 space. Moreover, the recent growth of the Toncoin blockchain has been sustained by incentives that are being offered through Telegram-based tap-to-earn mini-apps. In fact, this has helped attract a lot of users.
However, the popularity of these games is beginning to fade gradually. Because of that, there are some concerns as to whether these games can sustain long-term user participation. As a result, the need for more complex and engaging applications on Toncoin’s (TON) blockchain is growing. Amid this, the Toncoin price is facing notable fluctuations.
In recent times, the Toncoin price dropped below the 50SMA and the 200SMA. This shows the increasing bearish pressure facing the altcoin. Although Toncoin (TON) saw significant gains in July, this bullish momentum has slowed.
Bitcoin Cash Price Chart Analysis
Bitcoin Cash (BCH) was able to enter the list of top gainers just recently. This was probably a result of the 13% jump that happened within the past week as the Bitcoin Cash price rose from $321 to $364. Meanwhile, the rally seen in the Bitcoin Cash price is reflecting the altcoin’s reputation as a fast and low-cost alternative in the crypto space.
From a technical perspective, the Bitcoin Cash price chart is displaying significant momentum. This is evident in Bitcoin Cash (BCH) trading over 36% above its 200SMA with a 0.3829 volume-to-market-cap ratio. Moreover, the Relative Strength Index (RSI) displays a value of 34, showing that Bitcoin Cash (BCH) is in a neutral trading zone.
Over the past year, Bitcoin Cash (BCH) gained almost 60%. At the same time, the altcoin had about 50% green days over the past 30 days. Additionally, the 4% price volatility encountered within the month boosts the appeal for Bitcoin Cash (BCH).
Toncoin Investor Expect a Rally For Bitcoin Cash and Lunex Network
Though Toncoin (TON) recorded an impressive performance in the first half of 2024, the current bullish momentum has weakened. Meanwhile, investors are optimistic about Bitcoin Cash (BCH) as it rallies past its last month’s high.
Meanwhile, Lunex Network is taking center stage amid all these as it promises DeFi enthusiasts a far better experience. At the same time, the rate at which the LNEX tokens are getting sold in the presale is exciting. Having sold over 680 million tokens in weeks, investor confidence is further boosted with hopes that a 300% price rally could occur before the presale ends.
You can find more information about Lunex Network (LNEX) here:
- Website: https://lunexnetwork.com
- Socials: https://linktr.ee/lunexnetwork
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
