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As the crypto market suffered a sharp dip this week, Toncoin (TON) and Avalanche (AVAX) find themselves in a consolidation phase. While analysts believe they are being set up for potential massive price breakouts, Lunex Network (LNEX) investors have already been enjoying massive increases.
The LNEX coin has jumped by more than 283% to reach a new high at $0.0046, with industry experts saying Lunex could transform how we approach cross-chain token swap the LNEX coin could skyrocket by up to 25x in Q1 2025, outperforming top crypto coins like TON and AVAX.
Toncoin (TON) began its explosive run earlier than other top altcoins, setting its ATH of $8.25 in June, per data from CoinMarketCap. Ever since, the Toncoin price has failed to rally back to those levels, consolidating below the $7 resistance since August.
The recent price dip of the entire market has now forced the Toncoin token to trade as low as $5.2 for the first time in over a month. Despite the bleak outlook, trade analyst Mails has shared an analysis showing that Toncoin (TON) has just completed a retest of two key support levels—$5.5085 to $5.1482.
According to his analysis, if these support levels hold over the next few weeks, the Toncoin crypto could break out of its consolidation phase. While Malis sets his target at $8.28, The CryptoBull has said breaking out of consolidation will push the TON altcoin price as high as $30 in 2025.
Like TON, the Avalanche crypto has been struggling under a key resistance level for some time now. Despite the launch of Avalanche9000, the network's biggest update, AVAX has plunged by more than 16% on the weekly timeframe from CoinMarketCap.
However, the recent price drop could be good news for Avalanche coin holders, as trader and investor Alex Clay has spotted a cup and handle formation of the 2W timeframe.
This is one of the most bullish patterns, and being on a long-term timeframe places Avalanche (AVAX) among the top cryptos to watch heading into 2025. However, Clay mentions that $AVAX needs to break through a descending resistance, key zone, and the neckline of the Cup and Handle formation.
When Avalanche (AVAX) pulls this off, we could see the altcoin price skyrocket. Clay set three Avalanche price targets if this bull pattern is confirmed, with the highest at $221.5 in 2025.
The recent crypto market dip hasn't affected Lunex Network (LNEX), a trending new cross-chain swap platform. $LNEX has been a standout performer, recording a 283% price pump to reach a new high of $0.0046. Analysts believe LNEX could record a 25x price pump because of its innovative platform.
While the price pump of LNEX has attracted a lot of attention, the Lunex Network’s DeFi project is what investors are most excited about. Lunex Network provides an instant cross-chain swapping service to swap over 50,000 tokens between 40+ blockchains.
The feature allows users the freedom to use a single platform to perform all their transactions. What’s more, Lunex features more than 65 free RPC nodes that help Web3 grow, making the blockchain ecosystem perfect for that purpose. Secondly, Lunex Network is also appealing to businesses and institutional investors.
Merchants and businesspeople can use the Lunex platform to receive Bitcoin and many of the best altcoins on the B2B merchant payment gateway and instantly convert digital assets to fiat. The project has also raised over $5.3 million in its crypto ICO as it prepares to launch soon.
While Avalanche and Toncoin could see explosive rallies over the next few weeks, Lunex Network has not only outperformed them but also looks to do the same. The rapid growth of LNEX is backed by a core aspect of the crypto world, which means the token could outperform the 25x predictions.
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