Despite Toncoin’s Price Surge This Year, Solana and Lunex Network Are Set to Lead Altcoin Season.

Despite Toncoin’s impressive price surge this year, the market is turning to Solana and Lunex Network (LNEX) as the frontrunners for the upcoming altcoin season.

Toncoin Stabilizes After Recent Declines

Toncoin has traded between $4.55 and $5.43, displaying a little stability following a 4.69% decline during the last week and a 14.81% drop over the past month. The RSI stands at 41.89, near the oversold zone, indicating that Toncoin’s selling pressure might be decreasing.

Toncoin price is around the $4.80 support level and a bullish reversal is possible. In case buyers get stronger, Toncoin might reach the nearest resistance level at $5.87, 17% above its current value. A breakout above this resistance might push the price further to $6.75, offering additional gains. As the market anticipates an altcoin season and a broader crypto bull run, Toncoin’s current position could lead to growth in the near term.

Canary Capital’s Solana ETF Sparks New Hope

Solana is unlikely to hit the $300 mark in the coming days. While the altcoin has grown by 332.3% over the past year, it faced a 5% decline this week. Technical indicators now place Solana in the “Sell” category.

However, Solana holders must remain optimistic despite this setback. On October 30th, America-based Canary Capital filed an S-1 form with the SEC to launch a Solana ETF. This has sparked hopes that far more institutional and retail adoption would drive Solana’s market cap above its current $79 billion. Solana is listed for $172.71 with a 24-hour trading volume of $2.93 billion, as of press time.

Several experts believe Solana’s price might rise—although this depends on a few factors. Demand for SOL meme coins and institutional interest drove the 332.3% growth Solana experienced last year. But analysts say Solana needs new use cases to propel demand for a new ATH to $300.

Lunex Network Revolutionizes Multi-Chain Trading

Lunex is attracting investors with its new DeFi exchange that supports multi-chain trading. Unlike platforms that limit users to trading tokens on the same blockchain, Lunex Network offers cross-chain interoperability through smart contracts. This allows traders to swap any two tokens from different blockchains at low costs and fast speeds.

Additionally, security-focused users benefit from Lunex Network’s no-KYC policy, enabling new users to sign up without sharing personal information. Lunex also simplifies trading by providing every user with a portfolio tracker and a non-custodial wallet. Traders can store, stake, or swap tokens, ETFs, bonds, and stocks all in one place without needing unsafe third-party wallets.

Another crucial feature of Lunex is its revenue-sharing model. The network uses its weekly profits to buy back $LNEX tokens from the public market and redistribute them to token holders, potentially improving the token’s price through a deflationary mechanism.

Currently, Lunex Network has raised over $1.6 million in stage five of its presale and $LNEX is already trading at $0.0019 from its $0.0012 launch price. There are speculations that $LNEX could reach $1 by Q1 2025, making it a lucrative investment.

For more on Lunex Network and its cashback offer, visit 

Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.