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The crypto market is always changing as new entrants and investors’ interest varies. Currently, many individuals are wondering if Toncoin’s (TON) days of significant growth are over. It is, at the moment, operating within a very tight trading range and has not reflected any huge gain in the current week.
Meanwhile, the price of Bittensor (TAO) has surged by over 200% within the last three months. However, many people never seized this opportunity. Luckily, a new ICO, Lunex Network (LNEX) is on its way to becoming the next big hit which could rally by 500% this quarter.
Bittensor (TAO) Price Soars To Three-Month High
Over the past three months, the price of Bittensor (TAO) has witnessed a massive upsurge, outperforming even the best cryptos, Ethereum and Bitcoin. According to data from CoinMarketCap, the value of the Bittensor crypto pumped from a low of $181 in the first week of August to a high of $675 in October.
While the altcoin price has dropped in the past few weeks, it is still bullish on the biweekly and monthly timeframes. Bittensor (TAO) is trading above the 50-SMA ($437.72). The market cap of the Bittensor coin is consolidating between $2 billion and $5 billion.
Analysts are optimistic about the future of Bittensor (TAO). CryptoDoc forecasted that the Bittensor price might rally to a new all-time high of $900 in the future. Another analyst, PostyXBT, says that the TAO token might jump to $716 soon.
Toncoin (TON) Continues Trading Within Narrow Range
Over the past 30 days, the price of Toncoin (TON) has been consolidating between $5 and $6, according to CoinMarketCap. The sentiment around cryptocurrency has been bearish during this period despite the rise in user activity and active addresses.
The price of Toncoin (TON) has dropped below the 50-SMA and 200-SMA ($5.45), a sign of bearish pressure. The value of the Toncoin crypto has to surpass this level to reach new highs in the coming weeks.
Meanwhile, positive sentiment could return to the TON blockchain. The platform has integrated @axelar’s Mobius Development Stack (MDS), which will bring its open interoperability platform to its ecosystem.
With MDS, projects will be able to integrate effortlessly with over 68+ blockchains, increasing scalability and usage. Analysts forecast the Toncoin price could surge to $7 soon.
Lunex Network (LNEX) Attracts Users With Bullish Price Potential
Another new cryptocurrency that has gained significant traction recently is Lunex Network (LNEX). Those who invested during the presale, when the LNEX coin was selling at $0.0012, have already seen their investments rise by over 30%. Now, smart investors are investing at stage four of the presale, where LNEX is offered at $0.0017.
Analysts are forecasting a 500% increase for Lunex Network before the year runs out. Lunex Network is an ultramodern non-custodial exchange platform where individuals can exchange and swap cryptocurrencies at minimal charges. At the same time, the DeFi project seamlessly allows interactions and tractions across several blockchains including; Ethereum, BSC, Bitcoin, Tron and Cardano.
This makes it a preferred option as far as cross-chain trade is concerned since it is cheaper and faster. On top of that, users can trade without sending their personal information like passports or driver’s license. This no-KYC approach removes the stress of registering on other platforms, especially the centralized exchanges and allows users to operate in full anonymity.
Lunex Network is providing generous bonuses to its LNEX token owners, for those willing to lock their coins for 30 days, the platform offers an amazing 18% APY for passive income, making it a perfect place for those who would like to HODL.
Lunex Network Can Outperform Bittensor
As it stands now, Toncoin (TON) may have lost its mojo but the race for the next big crypto asset goes on. Since the recent success of Bittensor, all eyes are now on the next best crypto to buy. Analysts have tagged Lunex Network as the next big pump for big investors.
The crypto market changes every day, and Lunex may be the coin to consider for those who want to get on the bandwagon of investors to increase their returns by 500%. Smart investors are already joining the crypto ICO and getting LNEX at $0.0017.
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Source: https://coinedition.com/is-toncoins-peak-over-new-altcoin-to-outperform-bittensor-with-500-gains/