Shiba Inu’s price remains above the $0.00003 level, indicating buyers are willing to buy SHIB tokens at this price level. The bullish outlook has enabled the SHIB token to continue its ascent higher. On the other hand, the BNB coin jumped to an ATH of $793 but pulled back below the $730 level. This breakout demonstrates the token potential to record exponential growth.
Lunex Network (LNEX) is also emerging as the go-to platform for anyone seeking high returns and reliability in the DeFi space. Its standout cross-chain functionality has appealed to traders and investors, bolstering its presale to raise over $4.8 million in revenue. This milestone serves as a testament to Lunex’s growing demand.
Lunex Network Combines Privacy, Efficiency and Advanced Tools
The Lunex Network (LNEX) has become a hot topic in DeFi due to its cross-chain interoperability and lower transaction fees. The new DEX protocol supports trading across 40+ blockchains through its advanced smart contract technology. Lunex users can swap over 50,000 crypto assets without third-party wallet connectivity, a move to minimize risks associated with such linkage.
Another notable feature is its low transaction fees. Unlike traditional exchanges with higher fees, Lunex promotes cost-effective trading, making it the ideal platform for frequent and micro traders. This low fee structure has encouraged agile investment strategies without the burden of excessive costs. The platform offers a premium subscription service, the Lunex Pro, for advanced traders. It has advanced tools like live data analytics, fast trade execution and customizable trading strategies.
These features ensure traders make accurate trades with less slippage. Meanwhile, Lunex is built around its native token, $LNEX, designed for long-term growth and resilience. So far, Lunex is in presale and available at $0.0038. With an expanding community and successful presale, Lunex Network could become a major player in DeFi.
Shiba Inu Key Whale Metrics Turn Bullish
The Shiba Inu meme coin has had an incredible performance, holding its gains above the $0.00003 level. This suggests that the SHIB buyers are willing to buy the meme coin at the current levels or that the sellers are not willing to sell at the current price level. Meanwhile, on-chain data highlight that the SHIB ecosystem appears healthy.
Per IntoTheBlock, the net flow of Shiba Inu coins into the wallets of large holders has surged by 106.3% to 708.93 billion tokens on December 8. Moreover, the net amount of Shiba Inu tokens by those holding less than 0.1% of the circulating supply totalled over 1.136 trillion SHIB, worth $34.08 million.
Shiba Inu faces resistance on its path to new highs. Its recent attempt to break the $0.000033 ended in a pullback. Maintaining an uptrend would require more than just short-term enthusiasm. The price of Shiba Inu could test a higher level, pushing towards the $0.000035 or higher. If it fails to maintain the $0.000030 level, it could slip down below the $0.000027 level, leading to further corrections.
BNB Bulls Targets $744 Level
Like most crypto assets, BNB bulls took control of the market in the past week, pushing the token’s price to a double-digit increase. However, the bullish trend wasn’t sustained as the BNB coin slipped into a correction. Per Binance Research’s tweet, the recent crypto greed and fear index, which reads above 80, had negatively impacted the BNB price action.
The recent bearish price action has also negatively impacted the BNB’s social metrics. Will the BNB token continue this downtrend? It’s highly unlikely since BNB’s long/short ratio has increased, suggesting that long positions have increased compared to short-term positions in the market, a sign of bullish sentiment. Its trading volume has also declined, highlighting a bullish trend reversal.
Additionally, the Chaikin Money Flow (CMF) took a sideway path, suggesting no notable buying pressure in the BNB ecosystem. This hints at more days of slow-moving price action. If the price of BNB continues to decline, it could drop to the $710 support level. But if the bulls take over the market, it might push the value towards the $744 level again.
Investors Snap Up LNEX Tokens
Lunex Network (LNEX) has drawn considerable interest from casual and high-volume traders. Tokens at presale are selling at a low entry point of $0.0038, attracting widespread participation. With advanced tools and innovative tokenomics, Lunex is set for explosive growth, with experts projecting a 1,800% rally pre-launch.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
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The post Bullish Crypto News: SHIB Key Whale Metrics Turns Green, Upcoming DeFi Disrupter LNEX, and BNB Targets $744 Level appeared first on Crypto News Land.
