Toncoin Investor Predicts Major 2024 Moves for Bitcoin Cash (BCH) and Lunex Network (LNEX)

Toncoin (TON) has performed remarkably over the past year, rising from $2 to $5.2, an annual growth of 165%. One investor predicted that Toncoin (TON)

Toncoin (TON) has shown remarkable performance over the past year, surging from $2 to $5.2, which translates to an annual growth of 165%. Notably, one investor predicted this rally when the altcoin was still around $2.

Now, this investor is anticipating major price movements in Bitcoin Cash (BCH) and Lunex Network (LNEX) for 2024.

While Bitcoin Cash (BCH) managed to stay above $320 and seems to be facing resistance at $380, holders are optimistic that this barrier will be breached soon. On the other hand, Lunex Network is captivating investors with its problem-solving capabilities in the DeFi space. Interestingly, CMC has listed the LNEX token, adding to its potential for success.

Lunex Network Carves Out a Unique Niche in DeFi

Unlike several other decentralized exchanges, such as Uniswap and PancakeSwap, that require users to submit their personal information for KYC procedures, Lunex Network prioritizes privacy, security, and anonymity. As a result, users won't have to go through any KYC checks or even connect any third-party wallets like Trust Wallet or MetaMask.

Instead, users of Lunex Network can instantly swap their tokens across multiple blockchains, including Ethereum, BSC, Solana, TRON, and many others. You might be surprised to know that over 50,000 cryptocurrencies are available on Lunex Network across more than 40 blockchains. Hence, users can efficiently perform cross-chain transactions at minimal fees.

So, if you're weary of the hassle involved in exchanging assets across different networks, then Lunex Network is set to enhance your experience. And you won't have to worry about any potential security threats that usually arise with third parties. Notably, the LNEX presale is currently underway, with each token selling for only $0.0015 apiece in stage 3.

Toncoin Blockchain Aims to Boost User Engagement

Toncoin (TON) has utilized the vast Telegram audience to bridge the gap between mainstream users and the Web3 space. Moreover, the recent growth of the Toncoin blockchain has been sustained by incentives offered through Telegram-based tap-to-earn mini-apps, which have attracted a large number of users.

However, the popularity of these games is gradually fading, which raises concerns about whether they can sustain long-term user participation and the need for more complex and engaging applications on Toncoin’s (TON) blockchain. Amidst this, the Toncoin price has been encountering significant fluctuations.

In recent times, the Toncoin price dropped below the 50SMA and the 200SMA, indicating increasing bearish pressure on the altcoin. Although Toncoin (TON) experienced a significant rally in July, this bullish momentum has slowed.

Bitcoin Cash Price Chart Analysis

Bitcoin Cash (BCH) recently joined the list of top gainers, thanks to a 13% price increase within the past week as the Bitcoin Cash price rose from $321 to $364. Meanwhile, this rally reflects the altcoin's reputation as a fast and low-cost alternative in the crypto space.

From a technical perspective, the Bitcoin Cash price chart showcases momentum, with Bitcoin Cash (BCH) trading over 36% above its 200SMA with a 0.3829 volume-to-market-cap ratio. Furthermore, the Relative Strength Index (RSI) indicates a value of 34, placing Bitcoin Cash (BCH) in a neutral trading zone.

Over the past year, Bitcoin Cash (BCH) gained almost 60%. At the same time, the altcoin had about 50% green days over the past 30 days. Additionally, the 4% price volatility encountered within the month boosts the appeal for Bitcoin Cash (BCH).

Toncoin Investor Anticipates a Rally in Bitcoin Cash and Lunex Network

While Toncoin (TON) showed impressive performance in the first half of 2024, the bullish momentum has weakened. However, investors are optimistic about Bitcoin Cash (BCH) as it rallies past its last month’s high.

Meanwhile, Lunex Network is taking center stage amid all these as it promises to offer DeFi enthusiasts a much better experience. At the same time, the rate at which the LNEX tokens are getting sold in the presale is quite impressive. Having sold over 680 million tokens in weeks, investor confidence is further boosted with hopes that a 300% price rally could occur before the presale ends.

You can find more information about Lunex Network (LNEX) here:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The above is the detailed content of Toncoin Investor Predicts Major 2024 Moves for Bitcoin Cash (BCH) and Lunex Network (LNEX). For more information, please follow other related articles on the PHP Chinese website!