Bitcoin’s pump above $100k has rekindled excitement in the altcoin market. Toncoin (TON), one of the top altcoins that have performed poorly, could go on a massive price pump soon. According to Friedrich, that could rally above $10 soon.
Similarly, Sui (SUI) has skyrocketed above $4 for a new all-time high, but CryptoBullet has predicted a breakout rally to $5 is near. Also, Lunex Network (LNEX) has pumped to $0.0038 but could reach $0.1 in this year’s bull market.
Exchange Supply Drop Could Fuel Toncoin (TON) Rally Above $10
From December 1, the amount of Toncoin (TON) on exchanges has decreased to 1.68 million, down from 1.75 million. This signals that 800,000 TON have been pulled from exchanges over the past three days and have left the exchange.
The outflow indicates that selling pressure on the Toncoin crypto is going down and the altcoin could transition into long-term holding or staking. Reacting to this, the Toncoin token has pumped by more than 50% to trade above $7 on the weekly chart, per CoinMarketCap.
Friedrich, a top trader has forecasted that Toncoin (TON) could be one of the next top crypto coins set for a breakout to a new all-time high soon. According to Friedrich, the Toncoin price could rally above $10 in this bull market.
Sui (SUI) Volumes Surge, Breakout To $5 Expected
According to CoinMarketCap, the Sui coin has surged by 105% over the last month to set a new ATH at $4, following the bullish flag breakout. In a recent analysis, CryptoBullet has said that Sui (SUI) is brewing another breakout that could lead to a higher ATH.
CryptoBullet has predicted that the Sui crypto could record a price pump to $5 for a new ATH. Another analyst, Gravano gave an even more bullish Sui price prediction. According to him, the SUI altcoin price could repeat its 2021 performance and rally into the top 10 altcoins ranked by market cap.
Earlier this month, the Sui Network hit an important milestone, seeing a cumulative decentralized exchange (DEX) trading volume of more than $33 billion. This signifies an extraordinary 1,479% YTD growth — an indicator of the speed at which the Sui ecosystem has grown.
Trending DeFi Platform, Lunex Network (LNEX), Could Rally To $0.1
As Lunex Network (LNEX) looks to bring huge changes to the DeFi market, the LNEX coin is poised for massive returns. Lunex Network is a next gen platform that allows users to trade seamlessly over 50,000 cryptocurrencies across 40+ blockchains. In addition, it does away with the KYC procedure to make registration and using the platform easier.
Additionally, there is a program where Lunex Network will repurchase the LNEX token from the open market. 50% of the repurchased LNEX tokens will be used to reward stakers, who will receive up to 18% APY. Furthermore, Lunex Network will burn a part of the repurchased tokens for decreasing the total number of LNEX tokens in circulation.
There is also the Lunex Pro subscription where users get rebates on their transactions, access to the best staking opportunities, advanced trading tools, as well as, extra value for their staked amounts.
Users can also manage their crypto, bond, stock, and ETF assets on the platform. This makes Lunex Network a one-stop-shop for the DeFi space. Because of this, there has been great interest in Lunex Network, with the DeFi project raising over $4.5 million. The LNEX coin has increased by 200% to reach $0.0038.
In Summary
While Sui and Toncoin are set for new ATHs, at $5 and $10, respectively, Lunex Network appears to have a higher upside. In this bull cycle, analysts believe LNEX could pump to $0.1 because of its utility.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork