Remarkably, Toncoin (TON) increased its value by 300% from $2 in January to $8 in June. A DeFi strategist who foresaw this notable increase for Toncoin (TON) is now concentrating on Cardano (ADA) and a new exchange token generating a buzz among investors.
This new exchange token is LNEX, the utility token of Lunex Network. While Cardano (ADA) attempts to regain bullish momentum, Lunex Network’s ongoing presale is attracting a lot of investors who want to have a part in the future of decentralized exchanges. With over $870,000 raised in weeks, the Lunex Network presale is rapidly growing.
Lunex Network Rewards Token Holders In Several Ways
New DeFi protocol Lunex Network lets enthusiasts trade, swap, store, or stake their tokens all in one location. Furthermore, this special distributed exchange provides over 50,000 coins spread over more than 40 blockchains. This gives traders the opportunity to carry out cross-chain transactions very swiftly and easily.
Meanwhile, Lunex Network rewards LNEX token holders with exclusive discounts on transaction fees and cashback on every trade for those who subscribe to Lunex Pro. Moreover, this incentivizes the use of the LNEX token and also fosters a loyal community of users. LunexNetwork sets itself to take a sizable market share as the DeFi market keeps expanding.
The DeFi market is expected to be valued at roughly $450 billion by 2032, thus even if LunexNetwork can only grab a tiny portion of this market, it would cause a significant increase in the market valuation. Furthermore, in stage 3 of the Lunex Network presale, each token is currently selling for just $0.0015. However, a price increase is expected in less than a week.
Toncoin Price Trends and Sharpe Ratio Analysis
With the Toncoin Sharpe ratio on the rise. The altcoin has demonstrated remarkable resilience in a fluctuating market. Moreover, this suggests that the Toncoin price might be getting ready to retest the $8 mark. As a result of Toncoin’s (TON) robust performance over the past months. The altcoin has solidified its position among the top 10 cryptocurrencies by market capitalization.
Meanwhile, some analysts have identified $4.5 as a key support level, and the increasing ToncoinSharpe ratio indicates that the altcoin is offering a favorable risk-reward balance for both holders and investors alike.
Furthermore, heightened network activity is also correlating with the increasing demand and price movements of Toncoin (TON). While indicators reveal that Toncoin (TON) may be entering a favorable accumulation zone, holders are excited about what comes next.
Cardano Coin Overview and Market Performance
Launched in September 2017 by Ethereum co-founder Charles Hoskinson, Cardano (ADA) is a third-generation blockchain project. This initiative, meanwhile, sought to solve problems with sustainability and scalability that beset both Bitcoin and Ethereum networks. Still, the Cardano coin has not really performed brilliantly in recent times.
The Cardano price dropped over 50% following a high of $0.77 in Q1. Furthermore, Cardano (ADA) is not yet gathering notable bullish momentum and is seen trading below the 200-day simple moving average (SMA). The Cardano price is still trading below $0.37 following the past month’s rejection at $0.41.
Still, a lot of Cardano (ADA) holders are positive about the altcoin’s future. As the broader crypto market seems to be re-entering a bullish phase, there is actually hope that Cardano (ADA) will perform better before the year ends.
Lunex Network Attracts Toncoin and Cardano Holders
Despite Toncoin’s (TON) remarkable surge, holders who are seeking alternative investments to diversify their portfolios find Lunex Network to be promising. On the other hand, as Cardano (ADA) holders wait for a rally, Lunex Network is becoming a great option that could yield massive returns even before the year ends. Now is the time to accumulate some LNEX tokens.
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 views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/10/defi-legend-who-predicted-toncoins-300-surge-now-focusing-on-cardano-and-a-new-altcoin