Shiba Inu investors are still anticipating a massive breakout despite the token’s steep decline over the last 24 hours. According to market experts, Shiba Inu’s price could recover once the selling pressure from short holders cools down.
Meanwhile, Lunex Network is also gaining momentum during Q4’s altseason after rallying 200% from its initial price. Since LNEX holders are expected to reap an 2000% ROI by early 2025, savvy traders are rushing to add Lunex Network to their portfolios before the limited supply runs out.
Shiba Inu (SHIB) Rejects a Critical Resistance Level
Shiba Inu investors might be booking profits after the asset’s recent rally towards a yearly high. Shiba Inu’s price breached the $0.00003 level on December 1 before facing a steep consolidation which resulted in a significant 8.67% decline.
Despite this bearish outlook, analysts believe Shiba Inu could experience a bigger breakout before the end of Q4 if the platform’s network activity remains high. Shiba Inu whales recently accumulated tokens worth more than $9.8 million which typically suggests high investor confidence.
Since Shiba Inu’s L2 Shibarium network also reached a new record of 541 million transactions, Shiba Inu could test the critical $0.00003 resistance again. If Shiba Inu successfully breaks above this resistance, the next key levels for the token are $0.000031040 and $0.000034024.
Lunex Network (LNEX) Gains Momentum During Altseason Hype
Aside from Shiba Inu, another token that is poised for a massive breakout is Lunex Network (LNEX). Although Lunex Network is a newcomer in the DeFi space, the platform has already proven its groundbreaking potential by bringing the latest Web3 technology to the outdated world of crypto exchanges.
With Lunex Network, traders can swap, trade and stake tokens across different blockchain networks on a single noncustodial platform. Since Lunex Network’s interconnected ecosystem is powered by smart contracts, the platform offers the lowest possible cost per transaction to ensure that both experienced and novice traders can easily use the platform.
Speaking of user experience, Lunex Network also offers a Portfolio Tracker and DeFi wallet that helps traders keep track of all their digital assets in one place. With these features, traders no longer have to rely on third-party wallets like MetaMask or TrustWallet to execute cross chain transfers. Instead, they can sign up on Lunex Network with no KYC checks, select any 2 of the 50,000+ compatible tokens and enter a recipient wallet address.
If that wasn’t enough, then Lunex Network also has an attractive revenue sharing model that shares up to 20% of the platform’s weekly revenue with long-term investors. Since these rewards are paid out as LNEX tokens, the platform repurchases tokens on the open market which organically increases Lunex Network’s demand. With LNEX’s circulating supply capped at 1 billion tokens, analysts expect LNEX’s price to rise consistently due to the deflationary pressure.
Given the ongoing hype around altcoins, Lunex Network is expected to emerge as the one of the leading DeFi altcoins by early 2025. For now, LNEX tokens are selling exclusively on the website for a low price of just $0.0036 each after a massive 200% surge from its initial price.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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