Bitcoin’s rise above $100,000 has reignited excitement in the altcoin market . Toncoin (TON), one of the leading altcoins that has performed poorly, may soon experience a big jump in price. According to Friedrich, it may soon rise above $10.

Similarly, Sui (SUI) has soared above $4 to reach a new all-time high, but CryptoBullet predicts a rally to breakout to $5 is in the offing. Additionally, Lunex Network (LNEX) has jumped to $0.0038 but could reach $0.1 in a bull market this year.

Exchange Supply Cut Could Fuel Toncoin (TON) Rally Above $10

Since December 1, the number of Toncoin (TON) on exchanges has decreased to 1.68 million, down from 1.75 million. This indicates that 800,000 TON have been withdrawn from exchanges and left them in the last three days.

The outflow suggests that selling pressure on the Toncoin cryptocurrency is easing, and the altcoin may be moving into the long-term holding or stabilization fund category. In response, the Toncoin token has surged more than 50% to trade above $7 on the weekly chart, according to CoinMarketCap .

Friedrich, a leading trader , predicts that Toncoin (TON) could be one of the next leading cryptocurrencies poised to break out to a new all-time high in the near future. According to Friedrich, Toncoin’s price could rise above $10 in this bull market.

Sui (SUI) Volumes Rise, Breakout to $5 Expected

According to CoinMarketCap , Sui has surged 105% in the last month and set a new ATH at $4 following a bull flag breakout. In a recent analysis, CryptoBullet reported that Sui (SUI) is poised for another breakout that could lead to a higher ATH.

CryptoBullet predicted that the Sui cryptocurrency could record a price jump to $5 for a new ATH. Another analyst, Gravano, gave an even more bullish forecast for the Sui price . According to him, the price of the SUI altcoin could repeat the performance of 2021 and enter the top 10 altcoins by market cap.

Earlier this month, the Sui Network reached a major milestone: the total trading volume on the decentralized exchange (DEX) surpassed $33 billion. This represents an incredible 1,479% growth year-to-date, indicating the speed at which the Sui ecosystem is growing.

Trending DeFi Platform Lunex Network (LNEX) Could Hit $0.1

As Lunex Network (LNEX) aims to bring huge changes to the DeFi market , LNEX coin is poised for massive growth. Lunex Network is a next-generation platform that allows users to seamlessly trade over 50,000 cryptocurrencies across 40 blockchains. It is also KYC-free to make it easier to sign up and use the platform.

Additionally, there is a program where Lunex Network will buy back LNEX tokens from the open market. 50% of the bought back LNEX tokens will be used to reward stakers, who will receive up to 18% APY. Additionally, Lunex Network will burn a portion of the bought back tokens to reduce the total number of LNEX tokens in circulation.

There is also a Lunex Pro subscription, which gives users discounts on their transactions, access to better betting opportunities, advanced trading tools, and additional value for the amounts wagered.

Users can also manage their cryptocurrencies, bonds, stocks, and ETF assets on the platform. This makes Lunex Network a one-stop platform for DeFi . Due to this, Lunex Network has attracted a lot of interest and the DeFi project has raised over $4.5 million. The LNEX coin value has increased by 200% and reached $0.0038.

In conclusion

While Sui and Toncoin have set new ATHs at $5 and $10 respectively, Lunex Network seems to have higher upside potential. Analysts believe that LNEX could rise to $0.1 in this bull cycle due to its utility.

More information about Lunex Network (LNEX) can be found here:

Website: https://lunexnetwork.com

Social networks: https://linktr.ee/lunexnetwork