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As Shiba Inu enters a bearish trend marked by increased sell-offs, the presale of Lunex Network is gaining momentum, with analysts forecasting a potential1000% increase before its debut on the market.
Shiba Inu is experiencing a steep decline as short sellers cash in on their profits. On the other hand, Lunex Network is witnessing a surge in its presale phase, with analysts predicting an impressive 1800% rally before its public launch.
Shiba Inu plunges into bearish territory amid Q4 alt season
Shiba Inu posted a remarkable 21.08% increase over the past 30 days, largely due to heightened activity on its Layer-2 blockchain, Shibarium. However, these gains have quickly diminished as short sellers capitalize on their positions. In the last 24 hours, trading volume for Shiba Inu surged by 60.03%, suggesting a notable sell-off.
Currently, Shiba Inu is valued at $0.00001636, reflecting a significant intraday drop of 10.33%. Despite this downturn, the token remains above its key Simple Moving Averages on the daily chart. Should the selling pressure subside, Shiba Inu may rebound and test the nearest resistance at $0.00002206 in Q4. Conversely, if the sell-off persists, the price could fall to the support level of $0.00001268 soon.
ADA poised for price resurgence if it reaches another milestone
Cardano has recently been recognized as one of the top 10 fastest-growing blockchain projects, suggesting that a positive price momentum might be on the horizon this year. While the price of the ADA token is currently consolidating at lower levels along with most DeFi coins, a significant 970% increase in development activity hints at a potential price boost for ADA in the near future.
At present, Cardano is trading within a weekly price range between $0.3345 and $0.3659, having experienced a bullish rally after hitting a peak near $0.8 earlier this year.
With development activity continuing to rise and new partnerships being formed, there is potential for ADA’s price to rally to higher levels this year.
Lunex Network’s presale generates bullish excitement
Even prior to its presale launch, Lunex Network was generating buzz, and its impressive presale results are heightening investor interest in the platform’s growth prospects. Within just 24 hours of its presale launch, Lunex Network attracted over $250,000 from a diverse pool of retail investors, institutional sharks, and web3 developers. Should this bullish trend persist in Q4, analysts anticipate a price surge exceeding 1800% by the conclusion of its presale.
The demand for Lunex Network’s DeFi platform stems from its cross-chain capabilities. Traders no longer need to rely on third-party wallets like MetaMask and TrustWallet for crypto transfers across distinct blockchains. Lunex Network seamlessly connects isolated blockchains, allowing users to exchange over 50,000 crypto pairs on a single platform.
Moreover, Lunex Network’s exchange does away with KYC requirements upon signup. Users can download Lunex Network’s mobile exchange, select a crypto pair to trade, and enter a wallet address to receive their tokens within minutes, without providing any private information. Additionally, traders benefit from low transaction fees, as the platform aggregates liquidity from various sources to minimize costs.
While retail investors can earn up to 18% APY through Lunex Network’s staking rewards, institutional investors are increasingly interested in the platform’s merchant payment solutions. By integrating Lunex Network’s exchange with their websites, businesses can accept cryptocurrencies from customers seamlessly.
Given these compelling features, it’s clear why Lunex Network is anticipated to achieve remarkable growth by 2025. Currently, Lunex Network is in stage 3 of its presale, with tokens priced at $0.0015 each. As momentum builds, analysts predict the token will reach a new all-time high within the coming week.
To discover more about Lunex Network, visit the official website and check out its social media channels.
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