TON blockchain, with over 620 million total active addresses, has evidently seen surmounting growth in the DeFi market this year alone.
After launching several utility tokens that were successful this year, including Notcoin and Hamster Kombat, Toncoin gained huge traction and renewed investors’ interest.
Another contender, Lunex Network (LNEX) is showing potential of becoming the next DeFi platform to amass a similar traction as Tron’s. With attractive and encompassing features, Lunex Network is already poised to surpass Polkadot (DOT) in wallet addresses by next year.
Lunex Network Attracts Large-Scale Investors With Advanced Crypto Wallet and Exchange
Based on Ethereum, Lunex Network (LNEX) was designed to solve most bottlenecks encountered when swapping crypto assets across different chain networks. However this DeFi protocol does more than just allowing seamless crypto swaps across multi-chains, it also eliminates high trading costs and the need for KYC checks or third-party wallets, while rewarding its users and token holders in several other ways.
For starters, 50% of the revenue made from its swapping activities is offered to those who hold its $LNEX token while the other 50% is set aside to facilitate exclusive rewards. In addition to this, Lunex Network has a revenue share model that rewards users periodically while they enjoy an 18% APY as passive income. Owing to the growing interest in its presale, the $LNEX token is poised to spike significantly on launch day.
Currently, Lunex Network is running its fourth presale stage, where its token is sold for $0.0017. So far, it has accumulated over $1M in revenue as more investors get exposed to the profit potential of its extra features. These features, including a B2B payment gateway and a crypto wallet and portfolio tracker, sets this new DeFi altcoin for an 18,000% price surge by the time it gains CEX and DEX listings.
Toncoin Price Faces Bearish Trends Amid Increase In Wallet Addresses
Rising from around $2 to higher levels around $8.177 this year, Toncoin (TON) started the year with a high bullish momentum sometime in March. This impressive increase at the time, attracted a lot of attention to Toncoin network as its market cap far surpassed $20B.
However, in a 15% 6-month loss, TON token has fallen to lower levels and now rests in a weekly price range of $5.12 and $5.34, with its market cap declining to somewhere around $13B. Meanwhile, TON token has also fallen by over 8% in the past week and nearly 1% in the past week, signaling the rough fluctuations that the altcoin is passing through.
Despite its current bearish momentum, Toncoin may be set for more growth as its wallet addresses surge. The recent surge in its addresses signals growing adoption which will most likely be reflective in its token growth soon.
Polkadot Token Attempts to Regain Momentum After Previously Facing Resistance at $4.50
Polkadot (DOT) is currently experiencing a modest recovery, up by about 3.43% in the past few days, as it tries to reach $4.50 again. Earlier this week, Polkadot token hit $4.53 but was pulled back by sellers allowing it to secure a little over 3% gain in the past month.
Currently, DOT price is consolidating within a weekly price range of $4.10 and $4.52, marking a significant drop-off from its yearly peak levels around $11.54. This, coupled with an extended consolidation in the past week, cast a shadow of DOT token’s ability to register a bullish Q4.
Furthermore, Polkadot’s technical analysis currently indicates a mixed outlook with most oscillators and moving averages signaling neutral to buy actions, suggesting potential upward momentum. However, there are some sell signals at longer intervals.
Can Lunex Network Capture More Attention Than TON in the DeFi Market?
Due to a diverse use case which caters not only to cryptocurrency investors, but to business merchants and Web3 developers, Lunext Network may see more DeFi traction than the popular TON network next year.
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.
