TON, SUI target $10 this cycle while whales rush to new DeFi coin

Discover why Toncoin and Sui are targeting the $10 mark this cycle, and why investors are increasingly buying LNEX tokens.

Investors are keenly looking at two altcoins—Toncoin (TON) and Sui (SUI)—both of which have great potential to reach the $10 mark in the next few months. Amid the buzz over these promising altcoins, another upcoming crypto player called Lunex Network (LNEX) is quietly becoming popular as a result of its unique DeFi offerings.

But what distinguishes LNEX from the others? Could Lunex Network be the next big thing in the DeFi scene given its safe, low-fee platform and increasing demand for its token? Read on to find out the reasons behind the surge in these altcoins and why LNEX can be the next investing gem to pay close attention to.

Why Lunex Network could be the future of DeFi trading

For traders looking for anonymity, security, and efficiency in their transactions, Lunex Network presents a novel answer. Since Lunex Network doesn’t need KYC checks or personal information during the sign-up process, unlike conventional decentralized exchanges it gives personal data top importance. 

This special strategy guarantees a flawless and safe trading experience by removing the possibility of personal data leaking. Lunex Network further distinguishes itself in not requiring users to link typically security-risk-prone third-party wallets like MetaMask or Trust Wallet. Lunex Network ensures users a degree of anonymity that conventional platforms fall short of providing.

Furthermore, appealing as a substitute for Ethereum-based DEXs like Uniswap, which can be hampered by network congestion and heavy gas fees, Lunex Network offers low transaction fees. Moreover, all merchant and token listing fees on Lunex Network are paid in LNEX, raising the demand for the token and creating natural buying pressure. Now is the moment for investors to join this platform as the LNEX presale is underway at $0.0026 per token.

Over the past week, the Toncoin price has exhibited some positive movement rising by more than 9%. The Toncoin price is still in a consolidation phase, nevertheless, and varies between $5.7 and $4.8 to show a tug-of-war between bullish and bearish market forces. Toncoin’s price has shown resilience despite recent consolidation.

However, it has only little changed roughly 2% over the past month, after a clear decline towards the $4.6 support level. This implies that Toncoin is still holding strong while the market has had some downturns. Moreover, the Toncoin community has a generally bullish sentiment.

Looking ahead, underpinned by encouraging technical indicators, the November Toncoin price forecast shows promise and reveals that the altcoin could break above the $10 mark. Reflecting a 57% positive performance rate, the altcoin has had 17 out of 30 green days over the past month and a price volatility of 4.13%. 

Sui surges signaling hope

With the Sui price jumping by more than 47% over the previous week, and despite encountering resistance around the $3.4 mark, the altcoin has lately made notable progress. This follows a highly bullish trend throughout the past month, where the Sui price increased by over 66%, pushing the altcoin to create a new all-time high (ATH) above $3.5. 

Unquestionably, Sui is exhibiting bullish momentum as technical indicators like the Momentum Oscillator show that a strong bullish trend is still intact. Sui has had a consistent performance lately; 19 out of the last 30 days were green (63%), and the altcoin showed notable price volatility of 20.33%. 

Looking ahead, propelled by ongoing optimistic trends and rising investor confidence, a recent Sui price forecast estimates that the altcoin could finish the year trading between $10 and $15. Sui could be among the most fascinating altcoins to keep an eye on in the next few months as technical signals indicate more increases.

Lunex Network attracts Toncoin and Sui investors

Lunex Network is fast taking the front stage in the DeFi arena as investors cannot afford to ignore its unique DeFi offerings. Meanwhile, Toncoin and Sui keep their upward trajectories toward the $10 mark, but investors in these altcoins are already eyeing Lunex Network. 

Eliminating KYC concerns and third-party wallet linkage, Lunex Network presents an unmatched substitute for conventional decentralized exchanges with its concentration on privacy, security, and low transaction fees.

To learn more about Lunex Network, visit the website and socials.