The once-hyped Toncoin price is losing its luster as traders pivot to new opportunities in the crypto market. Toncoin’s price has been retreating following the fading hype around recent airdrops, with active addresses on its network hitting a six-month low. Meanwhile, the spotlight has shifted to the NEAR Protocol (NEAR) and the rising crypto Lunex. NEAR saw a breakout, but Lunex Network quickly became the star of the party with its innovative DeFi solution and impressive presale growth that raked in over $2.3M in weeks.
Toncoin price retreats: Fading Telegram airdrop hype signals trouble
The recent 5% uptick in Toncoin (TON) has sparked excitement among traders, but storm clouds may already be gathering. Thanks to the broader crypto market rally, Toncoin’s price is currently $5.6 with a 6.5% MoM gain. However, technical indicators paint a different picture, hinting at a potential bearish reversal.
Adding to the woes is a decline in active addresses on the TON blockchain, which hit a six-month low. Despite the hype around Telegram’s August and September airdrops, users expressed disappointment with the value of distributed tokens, dampening engagement. This puts selling pressure on the Toncoin price, which may drag it down even further.
NEAR Protocol: Bullish breakthrough amid positive sentiment
NEAR Protocol (NEAR) is capturing the market’s attention with a bullish pennant breakout and retest, signaling the potential for a midterm rally. Currently trading in the $5.12–$5.63 range, NEAR has achieved notable gains: a 29.1% weekly increase and a staggering 240.3% return over the past year.
Despite its momentum, NEAR remains 73.9% below its all-time high of $20.44, leaving room for significant recovery. Renowned analyst Michael van de Poppe predicts a potential surge to $10–$15, representing a 225% increase from its current levels. As NEAR continues to consolidate above key resistance levels, its robust transaction activity and ambitious plans—such as building the world’s largest open-source AI model—add to its appeal.
Traders eye rising crypto, Lunex for its DeFi innovation
As Toncoin experiences a retreat in market momentum, traders are increasingly turning their attention to Lunex Network, a rising crypto star in the decentralized finance (DeFi) sector. While Toncoin has made significant strides in establishing itself within the Layer-1 blockchain ecosystem, its growth appears to have slowed.
Meanwhile, Lunex Network is rapidly capturing investor interest with its innovative approach to DeFi and user-focused features. Lunex Network offers non-custodial trading, allowing users to maintain control of their funds and private keys. Its Aggregator Protocol, which pools liquidity across multiple exchanges, ensures optimal trading rates.
Moreover, Lunex Network’s staking rewards of up to 18% APY and a revenue-sharing model further enhance its appeal among traders seeking long-term value. With LNEX tokens currently in presale and priced at just $0.0031, the project has already seen a significant price increase from its starting point, signaling strong demand and investor confidence.
Conclusion
The rise and fall of once-stalwart giants signals a need for resilience and stability. Toncoin‘s struggles amid dwindling active addresses and waning hype reveals a need for evolution, while NEAR Protocol‘s bullish momentum showcases the potential for recovery through innovation and strong fundamentals. Yet, the real story lies with Lunex Network, whose groundbreaking DeFi solutions and explosive presale performance have positioned it as a rising contender.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork