Shiba Inu is consolidating at the lower levels and looks ready for the next step. Meanwhile, Litecoin returned to its range as its most recent rise failed to surpass a crucial resistance level.
While these two projects will most likely see significant gains as the uptrend accelerates, they could be outperformed by smaller-cap companies with greater growth potential.
Lunex Network is already making waves in the DeFi space with its non-custodial cross-chain platform. Let’s go further.
The Shiba Inu race has just begun
Shiba Inu is now showing 33.5% monthly gains and SHIB price currently stands around $0.000024. This surge propelled Shiba Inu’s market capitalization to $14.5 billion, sparking a fierce battle with Tron for tenth place in the cryptocurrency rankings. Resistance at $0.000027 represents a crucial level that Shiba Inu must recover as quickly as possible to continue its upward trajectory.
Technical indicators suggest healthy overall price action, with Shibburn, the Shiba Inu’s burning mechanism, operating at full capacity. Over the past 24 hours, the burn rate increased by 1,837%, with over 463 million Shiba Inu tokens removed from circulation.
Litecoin price action is disappointing
After months around $70, Litecoin (LTC) attempted a breakout and briefly reached the $81 resistance mark. This is where many holders began to take profits, causing a pullback that sent Litecoin back to $74. Currently, Litecoin is down 3.4% for the day and volume is down 30%, with approximately $976 million worth of LTC traded on the exchange in the last 24 hours.
Furthermore, Litecoin has just announced a partnership with Cointud to integrate Wrapped LTC into the Ethereum blockchain. This upgrade is expected to expand Litecoin’s utility, allowing holders to take advantage of Ethereum’s DeFi features, including staking and lending. This could be the boost Litecoin needs to finally get things going again and wake up investor interest.
Lunex Network Could Revolutionize Cross-Chain Transactions
Lunex is a next-generation DeFi protocol that seeks to improve interoperability and scalability between disconnected blockchains. Lunex Network has a Web3 aggregated ecosystem that allows users to transact seamlessly across all major blockchains including Tron, Solana, and Ethereum. Through the use of cutting-edge smart contracts instead of increasingly outdated Automated Market Makers (AMMs), Lunex Network ensures greater transparency and the best possible pricing.
The platform offers a proprietary DeFi wallet that supports over 40 different blockchains, a portfolio tracker for efficient asset management with integrated data feeds, and the Lunex Pro subscription service. This is a premium feature that provides access to advanced tools for a next-level trading experience and other bonuses such as cashback and AML wallet checks.
Businesses will have the option to use Lunex Network’s B2B payment gateway API. This interoperable bridge is specifically tailored to the needs of businesses that want to offer a cryptocurrency option to their customers. This solution will allow them to receive encrypted payments and automatically convert them to fiat.
Now let’s talk about one of the most intriguing features of the Lunex network. On a weekly basis, the exchange will use a portion of its revenue to repurchase LNEX tokens on the open market. A portion of these tokens will then be redistributed as recurring staking rewards, up to 18% APY. This system encourages long-term holding and encourages user activity within the ecosystem.
So far, over $2.2 million has been raised through the ongoing LNEX presale and tokens are selling for just $0.0026. This is the ideal entry point for early adopters looking to capitalize on the DeFi revival led by Lunex Network. Acting today could lead to incredible returns when the bull market is in full swing. Don’t get left behind!
You can find more information about the Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
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This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.
