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As market sell-offs continue and Bitcoin dips, investors are eyeing Lunex Network for potential 100x gains in Q4, while Solana and Toncoin show growing activity in the crypto space.
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Rising tension in the Middle East has triggered another round of market selloffs, with Bitcoin declining below the $67k mark. As the market moves to the recovery phase, investors are turning their attention towards Lunex Network, which is projected for 100x in Q4. Backed by a unique DeFi exchange, Lunex Network is expected to follow the path of top exchanges like Binance.
Meanwhile, the Solana ecosystem has continued to witness increasing market activities driven by the surging meme coin activities and ongoing innovations. Also, Toncoin’s affliction to Telegram is projected to drive the TON price towards $10 in Q4. More details below.
Investors turn to Lunex Network for returns amid market decline
Lunex Network has seen increasing whale activities in the past few days, triggered by the robust ecosystem. For context, Lunex Network is the next-generation web3 DeFi trading exchange that will allow for seamless trading and swapping of crypto assets across multiple blockchains anonymously.
At the Lunex Network trading exchange, users can trade over 50,000 trading pairs across multiple blockchains at the lowest fees. The Lunex Network DeFi wallet allows traders to buy, sell, and swap cryptos all from one account. The portfolio tracker also allows traders to track multiple assets like cryptos, stocks, bonks, etc.
Notably, the Lunex Network staking pool will be live in presale, giving investors the opportunity to stake their tokens for as little as 30 days and earn high APY rewards. To prevent a rug pool from happening, the liquidity pool will be locked for 24 months. Meanwhile, users can also use cryptos as collateral to obtain short—and long-term loans in fiat and USDT in the ecosystem.
The LNEX token offers a lot of utility in the ecosystem. All listing fees will be paid in LNEX, increasing its demand and boosting the price. Token holders will also unlock discounts on transaction fees. At stage 4 of the presale, the LNEX token is sold for $0.0017. Given the massive utilities in the ecosystem, there are high expectations of 40x rallies soon.
Solana: Open source blockchain with smart web3 infrastructure
Ranked among the top 5 cryptos on CoinMarketCap, Solana has witnessed massive adoption in the past months, with PayPal developing its stablecoin in the Solana Network. Using the proof-of-stake model, Solana offers faster transaction processing and cheaper fees, driving developers to the blockchain.
Meanwhile, on-chain analytics firm Arkham Intelligence has announced that it has integrated Solana’s blockchain data into its tools. This means market analysts can now track transactions on the Solana network and get notifications when something happens, a feature that has been missing in the Solana ecosystem.
Going forward, Solana has witnessed massive activities recently. According to Wu Blockchain, a whale staked 6653 Solana coins for BGSOL worth $1.1 million. BGSOL is the result of a partnership between Bitget and Solana, which is meant to increase the visibility of the SOL coin. Judging from the rising transaction volume, If Solana’s price breaks away from the $173.78 resistance level, it could hit $200 in Q4.
Toncoin: Decentralized platform for secure and fast transactions
Toncoin (TON) was designed to solve issues relating to low speed and usability. The Toncoin ecosystem includes features such as sharding technology, an infinite sharding paradigm, and instant hypercube routing. The seamless integration of Toncoin with the Telegram app brings blockchain technology to the masses.
The Toncoin use cases include in-app payments where users can receive and send Toncoin tokens within the Telegram app. Also, TON enables microtransactions where users can tip online creators, buy virtual products, and donate to charities.
Based on CoinMarketCap data, Toncoin’s price has dropped below the crucial $5 support zone. However, the positive takeaway is the rising market activity, which could lead to a bullish reversal. Jonathan Carter, an expert in X, thinks the Toncoin crypto is forming a sideways range above the key support zone. Carter believes that after the channel breaks out, the Toncoin price will hit $6.36, followed by $7.27 and $8.20.
Conclusion
Spreading risk is recommended when making financial decisions. That’s why crypto investors should choose coins that could yield significant profits. With Solana and Toncoin struggling, Lunex Network could provide an avenue to join a project that is projected to hit 100x in the coming months.
To learn more about Lunex Network, visit the website and its socials.
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This article first appeared at crypto.news
