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Cryptocurrency News Articles

Lunex Network (LNEX) Positioned to Outshine LINK and TON as the Best Crypto Investment in Q1 2025

Dec 27, 2024 at 10:05 pm

Toncoin (TON) and Chainlink (LINK) have faced slow recovery as the cryptocurrency landscape shifts. However, this has not deterred market experts

Lunex Network (LNEX) Positioned to Outshine LINK and TON as the Best Crypto Investment in Q1 2025

As 2025 approaches, the cryptocurrency landscape is poised for significant shifts. Among the tokens attracting attention are Toncoin (TON) and Chainlink (LINK). Both tokens have faced a slow recovery amid the broader market downturn. However, this has not deterred market experts' bullishness on these two tokens, especially with the Altseason yet to go into full effect.

A popular analyst revealed multiple price targets for Toncoin crypto in the current altcoin bull run. At the same time, one whale has been accumulating LINK tokens, betting on a potential recovery.

Meanwhile, Lunex Network (LNEX) is quickly gaining momentum, with a remarkable 300% price surge. This new DeFi coin is reshaping the blockchain industry through its ground-breaking cross-chain functionality and trader focus perks. Let’s uncover how these tokens will fare as 2025 kicks in.

Lunex’s No KYC Approach Attracts Investors

Lunex Network (LNEX) is disrupting the DeFi realm by offering a no-KYC approach to decentralized finance. The project offers users the highest level of privacy while allowing them to trade, stake, and manage their assets easily. This unique approach has helped to simplify the onboarding process and ensure the DeFi market is more diverse and open.

With a focus on decentralization, Lunex Network does not hold users’ private keys and assets, giving them complete control. This ensures users are the only ones in charge of their funds, helping them avoid issues that arise from third-party custody and fully comply with the principles of decentralization. Moreover, the platform has enhanced user experience with the best cross-chain functionality, allowing users to swap over 50,000 crypto assets across different blockchains.

This feature enables users to make transactions in the shortest time possible and at the best possible prices. So far, the LNEX token is available at $0.0048 and has raised over $5.5 million. With an expanding community and rapidly growing momentum, Lunex is positioned to become a major contender in DeFi. Based on Lunex’s potential to attract investors with innovative features like anonymity, decentralization, and security, analysts expect the token to reach $1 in 2025.

Toncoin To Rally At Least 280% In Altseason

Crypto analyst Burak Kesmeci shared multiple price targets for Toncoin in the current Altseason. The expert noted that Toncoin’s 365-day moving average is $5.14, historically representing a zone where price activity slows down. He added that Toncoin had only experienced a prolonged decline below this level in a bear market. However, with the broader market bull cycle, Kesmeci forecasted that a one-year Simple Moving Average could potentially become a local bottom.

While using this price level with several points of standard deviation, the expert indicated possible price targets of Toncoin that are statistically compared to previous data. TON price is expected to hit an initial target of $8.74, a potential 60.6% gain from the current price levels. Thereafter, Toncoin could see a higher price band around the $15.93 mark. The final TON price goal by Kesmeci based on the one-year SMA suggests a spike towards the $19.53.

Going by this scenario, Toncoin’s price could have gained by 280% in the initial phase of the Altseason. Following the broader market decline, Toncoin found a local price bottom below the $5 level. It has, however, undergone a modest price recovery above this level. TON’s price must break above the $6.5 and $7.0 resistance levels to align with Kesmeci’s price predictions.

Crypto Whales Continue To Accumulate LINK Tokens

Amid the wide market downturn, one whale has accumulated LINK tokens, betting on a potential recovery. Per LookOnChain data, the whale withdrew 65,000 LINK tokens worth $1.8 million on December 18. This follows a trend that had begun earlier, bringing LINK whale accumulation to $17.3 million. In addition, the number of Chainlink holders has also risen to 688,000 addresses, exceeding the 30-day average of 686,000.

This highlights a sustained demand for the token. Notably, the 4-hour chart shows that LINK’s price reached $30.95, forming a minor triple-top chart pattern indicative of a bearish signal. The price of LINK has since declined and dropped below the pattern’s neckline at $27.58, hovering slightly below the 23.6% Fibonacci retracement level at $26.

Moreover, the price of LINK has also fallen below the middle line of Andrew’s Pitchfork toll and the 50-period moving average. The LINK coin will

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Other articles published on Dec 28, 2024