Shiba Inu is targeting $0.00003500, while Cardano breaks out of consolidation to reclaim $0.60.
SHIB is in an uptrend and ADA has just moved out of a major resistance zone. Cardano is back in the $0.60 range as the Shiba Inu price target reaches $0.00003500.
This is because investors are once again showing interest in these stocks, and technical signs suggest that both currencies could start to rise from this level. Pump and dump analysts believe that these altcoins could rise to higher levels in the coming weeks.
Shiba Inu prices rise, community burns 463 million SHIB
SHIB is one of the best meme coins in the market today. The price of SHIB token has been rising amid the ongoing bull run. According to CoinMarketCap, a cryptocurrency market data tracking platform, Shiba Inu has gained 50.6% in a week and 44.5% in the past month.
The value of the cryptocurrency market has been trending upwards over the past week. According to cryptocurrency market data tracker CoinMarketCap, Shiba’s price has risen 50.6% in a week and 44.5% in a month.
The cryptocurrency is trading above the 200 SMA at $0.00001856. Moreover, the Hull Moving Average (9) and the VWMA (10) are in the buy zone. All of these are bullish signs that support further gains.
SHIB KNIGHT said that Shiba Inu coin is in the accumulation phase. They predicted that the memecoin will reach a value of $0.00003500 in the coming weeks. Another expert named SHIB Bezos also expressed his opinion on the future price target of the cryptocurrency.
They say the Shiba Inu cryptocurrency could rise in value by 1,000%.SHIB Bezos urged the community to remain calm as profits could flow from assets like Bitcoin and Ethereum into the meme coin.
Meanwhile, the latest prediction comes after the Shiba Army destroyed more than 463 million SHIB in a single day. The community has been destroying SHIB tokens in large quantities in the past. However, they still have a long way to go. The circulating supply is over 589 trillion.
Cardano Price and Market Cap Surging
Cardano seems to have finally awakened from its slumber. The post-election rally pushed the price of the Cardano cryptocurrency to the $0.6 level. Despite the market correction, the DeFi token is up 85.7% on the weekly chart and 82.6% on the bi-weekly chart, according to CoinMarketCap.
Looking ahead, the momentum surrounding the Cardano coin has not weakened. The coin’s 14-day RSI is above 80, which is the overbought zone. Moreover, the Hull Moving Average (9) and VWMA (10) are showing buy signals, which is a bullish move.
Darren said that the value of Cardano could jump to $10 next year. Another analyst named Plutus Staking gave a higher Cardano price target of $20. In the short term, the DeFi token price could rise to $0.8 and $1.0.
Lunex Network price rises to $0.002
Lunex Network has risen in the DeFi market with its unique features and strong focus on user protection. The LNEX token is sold at $0.0021. The project has successfully attracted more than $2 million in investment. This shows that investors are confident in its future development.
The platform also has a portfolio tracker. This tool allows users to track and manage their portfolios of cryptocurrencies as well as stocks and ETFs in one place. At the same time, security is a top priority for Lunex Network. SolidProof has audited its smart contracts to ensure their security.
In addition, token staking is also possible, and LNEX token holders can receive staking rewards up to 18% annual yield. All in all, Lunex Network’s portfolio tracking, strong security model, and high-return staking make Lunex Network stand out in the future of DeFi.
