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The lack of yield in the memecoin markets has pushed Shiba Inu and Dogecoin investors to diversify with new projects like Lunex.
Shiba Inu whale activity has increased recently, indicating bullish sentiment among large investors. Likewise, Dogecoin’s technical indicators also paint a good picture as the dog-based meme token sparks a rally.
Amid this sentiment, savvy traders are quickly turning to higher-performing altcoins like Lunex Network’s new DeFi crypto exchange. Even before its launch, Lunex Network is expected to surpass Uniswap’s position as the leading decentralized exchange in the market. Analysts are already predicting gains of 1,500% for Lunex Network by the end of 2024. Let’s see why!
Shiba Inu is in the heart of bearish territory
Shiba Inu (SHIB) recently regained the Top 10 cryptocurrencies with a steadily increasing market capitalization over the last 30 days. During this uptrend, Shiba Inu has seen a massive 287% increase in whale activity.
Shiba Inu is trading at $0.0000191 after an intraday rise of 13.49%. Given that Shiba Inu is trading above its key simple moving averages, even Shiba Inu’s technical indicators currently paint a bullish picture. With the Shiba Inu RSI in oversold territory, analysts expect larger Shiba Inu price gains before a potential reversal.
Dogecoin Loses Momentum
Even when the entire crypto market recently recovered, Dogecoin (DOGE) struggled in the red. Given that the token is now above break-even, analysts believe that Dogecoin may soon face profit booking pressure. At press time, Dogecoin was trading at $0.1231 after an 8% intraday increase.
Although Dogecoin’s current price is below the 50, 100, and 200-day simple moving averages, Dogecoin’s trading volume has increased by over 15%. These exchange flows could portend a sell-off in the coming weeks, which could push Dogecoin price down to the support trendline of $0.05903.
Lunex Network steals memecoin hype with unique exchange
As memecoins like Shiba Inu and Dogecoin lose ground, all eyes are on Lunex Network’s new DeFi cryptocurrency exchange. While traditional exchanges struggle to offer multi-blockchain compatibility, Lunex Network is ready to usher in a new era of crypto trading through instant spot trading across multiple blockchains at low costs. Since Lunex Network offers more than just a crypto exchange, analysts estimate that this new DeFi gem could skyrocket over 1,500% during its pre-sale stages.
The best part of using the Lunex network is the lack of KYC checks. Instead of worrying about data leaks or security breaches, Lunex network users simply select two cryptos they want to trade, enter a wallet address, and receive the new crypto with just one click.
In addition to simplifying crypto exchanges, Lunex Network also offers exclusive features such as a merchant payment gateway for commercial transactions and access to over 65 RPC nodes for all types of web3 application development needs. This means that Lunex Network attracts not only regular traders, but also large corporations and developers who can benefit from its smart contract capabilities.
If these in-app features weren’t revolutionary enough, Lunex Network also offers long-term utility through its native LNEX token. By staking on LNEX for just 30 days, traders can receive weekly passive income through staking rewards with 18% APY.
With these features, it is no surprise that Lunex Network is expected to dominate the entire cryptocurrency exchange market by 2025. Currently in the first stage of its pre-sale, Lunex Network is selling at an extremely low price of $0.0012 per token, making it the perfect time. invest before prices skyrocket again.
For more information, visit the official Lunex network website or join the online community.
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