Led by Bitcoin’s rally towards the $100K milestone, many top altcoins are looking hyper-bullish, seeking to set new all-time highs as well. Toncoin (TON) is heading towards $6 and could rise above $7 if the breakout is successful.
Also, Ripple (XRP), which recently crossed $1, is looking to rally to $2 inspired by rumors of a potential collaboration with Elon Musk. Lunex Network (LNEX) has also been an exciting project, rallying by over 158% could see another 5x price pump before the year ends.
Ripple (XRP) Pump Towards $2 on Rumors of Elon Musk Collaboration
In November, the Ripple token emerged as the best-performing of the large cap market cryptocurrencies, rising from a monthly low of $0.5 to trade above $1.4. Per the data given by CoinMarketCap, the XRP token surged by more than 75% on the weekly chart.
Some of the reasons that have caused the Ripple price pump include the SEC chair, Gensler, who recently resigned but was infamous for his stand against Ripple. Nevertheless, the most promising event that will make the price of the Ripple coin reach $2 and even more has to do with the idea of a possible cooperation with Elon Musk.
There are rumors in the crypto space that the Ripple technology perfectly lines up with Musk’s vision for payments. While these rumors aren’t confirmed, CryptoBull has shared a very strong Ripple price prediction. According to him, if XRP closes the month above $2, the altcoin price could skyrocket to $5 in December.
Toncoin (TON) Prepares for Breakout
Toncoin (TON) is attempting to break above the $6 region again. The cryptocurrency has made several attempts in the past week but has failed to surpass resistance at higher levels. Data from CoinMarketCap shows the Toncoin price is in the green region.
On the 7-day chart, the coin has a gain of 4.6%. On the 14-day chart, there is a profit of 13.9%. In a recent tweet, X_Four_iv told his followers that the Toncoin token has shown resilience in the last few weeks.
With strong support at $5.27, he believes TON could hit the $7.29 target soon. Another analyst called CryptoBoj forecasts the value of the Toncoin crypto could pump to $8 in the next few weeks. However, TON has to beat the resistance at the 200-SMA ($5.97) first.
Lunex Network (LNEX) To Introduce Exciting Features for Its Users
Lunex Network (LNEX) is steadily growing in popularity within the DeFi market due to its unique characteristics that meet the needs of traders who value their anonymity. Cross-chain trading makes it possible for Lunex’s users to exchange more than 50,000 digital currencies and tokens across blockchains.
Lunex ensures that users can swap their assets at ease and at a lesser cost. Of all of Lunex’s attributes, the most significant is the revenue-sharing model. Here, a portion of the platform’s revenue is used to buyback coins from the market. 50% of it is used to reward stakers and provide them with a constant passive income stream.
This model links the growth of the platform to the growth of its community, which fosters user retention and continued usage. Furthermore, Lunex does not require KYC, and it does not ask users to provide any identification to enable trading and managing of the assets.
It means no information leakage and a smooth journey that makes those public figures and users who care about their anonymity comfortable. In its ongoing crypto ICO, Lunex has raised over $3 million, and the $LNEX token has increased from $0.0012 to $0.0031. Experts estimate that this is one of the best DeFi projects and expect prices to grow by up to 5x before the year ends.
In Summary
As Toncoin (TON) aims for a breakout rally, the rumors in the crypto market could fuel Ripple’s (XRP) rally to $2. They could reach these milestones soon if the uptrend in the market remains. Meanwhile, analysts have tagged Lunex Network as the best cryptocurrency to buy for the biggest returns.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
