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Cryptocurrency News Articles
Toncoin (TON) and BNB (BNB) Show Resilience as Lunex Network (LNEX) Flashes Strong Buy Signals in Q4’s Bull Market
Nov 16, 2024 at 01:00 pm
Toncoin and BNB have shown resilience over the last few days as both tokens emerged from the crypto dumps and recorded significant gains.
Toncoin and BNB are showing resilience in the market, emerging from the recent crypto dumps with significant gains. However, savvy traders are jumping ship to capitalize on the incredible opportunities presented by new projects like Lunex Network (LNEX) in Q4’s bull cycle.
Toncoin (TON) Price Analysis: Aiming for $6 Rally
After being stuck in a correction phase since June 2024, Toncoin finally bottomed out on the day of Trump's victory in the US Presidential Elections. Over the past seven days, TON investors have enjoyed a substantial 15.36% increase in Toncoin's price, leaving them hungry for even bigger gains.
As Toncoin retests its horizontal support on the TON/USDT daily chart, analysts anticipate a breakout that could trigger a massive Toncoin rally in the coming days. Currently trading at $5.41 with a 3.86% intra-day surge, Toncoin's volume has decreased by 36.18% over the last 24 hours, indicating lower network activity.
Despite the slight volume decrease, strong buy signals continue to flash on Toncoin's daily chart, leading analysts to predict a Toncoin price rise towards $6 before Q4’s bull market concludes.
BNB’s Slight Correction to End with Google Cloud Collaboration
Reaching a peak at $665, BNB's price is now facing a minor correction. On the other hand, BNB has announced a major collaboration with Google Cloud for its Most Valuable Builder (MVB) program, which promotes dApp development on the BNB Chain.
This new collaboration includes a massive $350,000 reward for 40 projects, setting the stage for a huge influx of Web3 developers into the BNB network. Currently trading at $629.52 with a 1.12% intra-day surge, BNB's volume has dropped by 24.89% over the last 24 hours.
As BNB trades above all Simple Moving Averages on the BNB/USDT daily chart, analysts believe BNB's price could soon test the $652.2 resistance.
Lunex Network (LNEX) Flashes Strong Buy Signals in Q4’s Bullish Market
Experiencing one of the most explosive presales in crypto history, Lunex Network has already raised more than $2.21 million in record time, leaving analysts to believe that the buying pressure behind this new DeFi altcoin will not slow down any time soon.
If Lunex Network continues to experience such high buying pressure by the end of the year, analysts believe LNEX's price will experience up to 1,800% gains ahead of the token's official launch.
The reason behind this trader enthusiasm for Lunex Network's presale is the platform's unique integration of both decentralized and centralized trading experiences into a single noncustodial DeFi exchange.
While traditional DEXs and CEXs still struggle to offer cross-chain transfers, Lunex Network is completely changing the game with its smart contracts ecosystem. On Lunex Network, traders can swap or exchange more than 50,000 tokens across different blockchains with the click of a button. If this gold standard user experience isn't enough, then Lunex Network is also offering the lowest gas fees and fastest transaction speeds in the market.
Aside from the trading front, Lunex Network is also gaining investors because of its viral revenue-sharing model. As Lunex Network generates revenue through merchant listings and gas fees, the platform reinvests a huge chunk of its revenue to purchase more LNEX tokens at market price.
These tokens are then distributed to current long-term holders of LNEX as staking rewards with up to 18% APYs. Even with these features, Lunex Network is currently selling tokens for a low price of only $0.0021 each. As demand for Lunex Network skyrockets, analysts are already projecting a massive price surge within the next few days.
To learn more about Lunex (LNEX) Network:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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