Investors Shift from Shiba Inu and Dogecoin to Lunex Network

The lack of returns in the memecoin markets has prompted Shiba Inu and Dogecoin investors to explore new projects such as Lunex.

Recently, there has been a notable increase in whale activity for Shiba Inu, indicating a bullish mood among larger investors. Likewise, technical indicators for Dogecoin are also looking promising as the meme-based cryptocurrency shows signs of recovery.

In light of this positive sentiment, astute traders are quickly shifting to more promising altcoins like Lunex Network’s upcoming DeFi crypto exchange. Even prior to its launch, Lunex Network is expected to surpass Uniswap as the leading decentralized exchange. Analysts are forecasting a staggering 1500% increase for Lunex Network by the end of 2024. Let’s explore the reasons behind this!

Shiba Inu Finds Itself in Bearish Territory

Shiba Inu (SHIB) has recently re-entered the top 10 cryptocurrencies, with its market cap experiencing consistent growth over the past month. During this period, Shiba Inu witnessed a significant 287% rise in whale activity.

The current trading price for Shiba Inu is $0.0000191 following a 13.49% surge within the day. As Shiba Inu trades above its critical simple moving averages, its technical indicators are also reflecting a bullish trend. With Shiba Inu’s RSI positioned within oversold levels, analysts anticipate further price growth before a possible reversal.

Dogecoin Faces Momentum Challenges

Despite a general recovery in the crypto market, Dogecoin (DOGE) has struggled to stay in the green. Being above the break-even point, analysts suggest that profit-taking might occur soon. Currently, Dogecoin is priced at $0.1231 after an 8% increase on the day.

Although Dogecoin’s price remains below the 50-, 100-, and 200-day simple moving averages, its trading volume has spiked by over 15%. These inflows might be indicative of an impending sell-off in the coming weeks, potentially driving Dogecoin’s price down to the $0.05903 support level.

Lunex Network Captures Memecoin Attention with Its Unique Exchange

As established memecoins like Shiba Inu and Dogecoin begin to fade, the spotlight is shifting toward Lunex Network’s innovative DeFi cryptocurrency exchange. While conventional exchanges struggle to provide multi-blockchain support, Lunex Network is poised to initiate a new phase in crypto trading with immediate spot trading across various blockchains at minimal costs. Given that Lunex Network is offering more than just another exchange, analysts predict that this new DeFi star could soar more than 1,500% during its presale periods.

A standout feature of Lunex Network is the absence of KYC verification processes. Users no longer have to worry about data breaches or leaks; they can simply select two cryptocurrencies for exchange, provide a wallet address, and obtain the new crypto with a single click.

Beyond streamlining crypto exchanges, Lunex Network boasts exclusive features like a merchant payment gateway for business transactions and access to over 65 RPC nodes for various web3 dApp development requirements. This positions Lunex Network as an attractive option not only for regular traders but also for larger businesses and developers looking to leverage its smart contract functionalities.

If these features weren’t already groundbreaking, Lunex Network also delivers long-term value through its native LNEX token. By staking LNEX for a minimum of just 30 days, users can earn passive income from staking rewards averaging 18% APY.

Given these innovative offerings, it’s evident why Lunex Network is projected to dominate the cryptocurrency exchange landscape by 2025. Currently in the first stage of its presale, Lunex Network tokens are available at an incredibly low price of $0.0012 per token, making this an ideal time to invest before prices rise significantly.

For further details, visit the official Lunex Network website or join the online community.