Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The memecoin markets lack of returns have left Shiba Inu and Dogecoin investors diversifying with new projects like Lunex.
Table of Contents
Shiba Inu is Deep in Bearish Territory
Dogecoin loses momentum
Lunex Network steals memecoin hype with unique exchange
Shiba Inu’s whale activity has recently surged, indicating bullish sentiment amongst large investors. Similarly, Dogecoin’s technical indicators are also painting a nice picture as the dog-based meme token triggers a recovery.
Amidst this sentiment, savvy traders are rapidly switching to better-performing altcoins like Lunex Network’s new DeFi crypto exchange. Even before its launch, Lunex Network is projected to overtake Uniswap’s position as the leading decentralized exchange in the market. Analysts are already projecting 1500% gains for Lunex Network by the end of 2024. Let’s see why!
Shiba Inu is Deep in Bearish Territory
Shiba Inu (SHIB) recently regained the crypto Top 10 with its market cap constantly rising over the last 30 days. During this uptrend, Shiba Inu encountered a massive 287% increase in whale activity.
Shiba Inu is trading at $0.0000191 after a 13.49% intra-day surge. Since Shiba Inu is trading above its key simple moving averages, even Shiba Inu’s technical indicators are currently painting a bullish picture. With Shiba Inu’s RSI in oversold territory, analysts expect steeper gains in Shiba Inu’s price before a potential reversal.
You might also like: Lunex Network may outperform Solana and Toncoin in this bull run
Dogecoin loses momentum
Even when the entire crypto market recovered recently, Dogecoin (DOGE) struggled in the red. Since the token is now above break-even, analysts believe Dogecoin could soon encounter profit-booking pressure. At press time, Dogecoin was trading for $0.1231 after an 8% intra-day increase.
Despite Dogecoin’s current price being below the 50-, 100-, and 200-day simple moving averages, Dogecoin’s trading volume has surged by over 15%. These exchange inflows might be hinting at a sell-off in upcoming weeks which could push Dogecoin’s price down to the $$0.05903 support trend line.
Lunex Network steals memecoin hype with unique exchange
As memecoins like Shiba Inu and Dogecoin lose traction, 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 kickstart a new era of crypto trading through instant spot trading across multiple blockchains at low costs. Since Lunex Network is offering more than just another crypto exchange, analysts believe this new DeFi gem could skyrocket more than 1,500% during its presale stages.
The best part about using Lunex Network is the lack of KYC verifications. Instead of worrying about data leaks or security breaches, Lunex Network users simply select two cryptos they want to exchange, input a wallet address, and receive the new crypto with a click of a button.
Aside from simplifying crypto exchanges, Lunex Network also offers exclusive features such as a merchant payment gateway for business transactions and access to more than 65 RPC nodes for all kinds of web3 dApp development needs. This means Lunex Network is attracting not just regular traders but also large businesses 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 LNEX for as little as just 30 days, traders can receive a 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 stage 1 of its presale, Lunex Network is selling at an extremely low price of $0.0012 per token, making now the perfect time to invest before the price skyrockets any further.
For more information, visit the Lunex Network official website or join the online community.
You might also like: Investors ditch SOL, XRP for new altcoin set to eliminate need for crypto exchanges
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.