With the altcoin market facing severe selloffs, investors are turning their attention to promising projects that can offer massive returns. Dogecoin, which witnessed a rise in active addresses in the past six months, has come under heavy pressure in the past day as it struggles with a major support zone.
With over 2.3B SHIB tokens burned in September, the Shiba Inu tokens have continued to decline as investors move to the Lunex Network project. Unlike other projects that thrive on hype, Lunex Network is developing an innovative DeFi exchange that offers investors opportunities to earn, making it the top choice for the crypto analyst. More details below.
Lunex Network DeFi Exchange – the Best DEX Exchange Across the Market
With increasing interest in Decentralized finance, Lunex Network is developing a next-generation non-custodial DeFi crypto exchange that allows you to trade and swap cryptos without third-party interference. At Lunex Network, users will be able to trade cryptos without undergoing the rigorous KYC processes or linking wallets. All you need to do is input their wallet address.Â
Unlike other crypto projects with zero utility, the native token of the Lunex Network, LNEX, comes with many advantages. Token holders are given discounts on transactions on the exchange. There is also the staking feature, which allows users to stake their tokens for as little as 30 days and earn as high as 18% in APY rewards.
With its mission to make the ecosystem lively, Lunex Network is also introducing a profit-sharing model in which a portion of the profit generated from the exchange is used to buy back the LNEX tokens from the open market and redistribute them to token holders. As such, Lunex Network is fostering community engagement and at the same time boosting the LNEX price.
Currently, at stage 2 of the presale, the LNEX token is sold for just $0.0013 with over $550,000 raised within a short timeframe. Having moved from the initial $0.0012 to the current price, it means early investors have already made over 8% gains in a short time. As such, analysts forecast 100x returns before the end of Q4, making it a project not to miss.
Can Dogecoin Price Rebound in the Coming Weeks?
Due to the overall crypto market’s bearish sentiment, Dogecoin’s ongoing market rally has halted in the past few days. Having reached the $0.13 mark some days ago, there was growing optimism that Dogecoin crypto was going back to the $0.20 mark, which it last hit in April.
However, the bear trend return has pushed the Dogecoin price downwards as it fights to hold onto the $0.10 support zone.CoinMarketCap data shows that the Dogecoin price has gained 68% in the YTD price metrics. However, the recent drop, which has wiped out the gains of the past week, has weakened investors’ faith in the coin.
While the memecoin continues to battle the bears, the active Dogecoin addresses have experienced massive growth in the past six months, a trend that shows investors’ adoption of the meme coin. Ali Martinez, a popular analyst, observed that Dogecoin is retesting the breakout point. The analyst believes that if it maintains this level, the price might rebound and head towards the $0.16 mark soon.
Shiba Inu Price Prediction – Can Shib Coin Rebound Amid High Burn Rate
Data from Shibburn, the official website that tracks the Shiba Inu token burn rate, shows that over 2B SHIB tokens (5,610%) were burned in the past week as the ecosystem continues to keep the value in check. However, the Shiba Inu price has yet to reflect the high burning rate, as it plummeted by 6% in the past week.
On-chain stats from IntoTheBlock show that 49% of Shiba Inu token holders are currently standing on losses. Even at that, the platform maintained that the sentiment among market participants was bullish for the altcoin. Some experts think the recent fall is only a mere retracement due to the overall market downtrend.
With Shiba Inu’s price in the uptrend before the latest market retracement, notable experts think the coin will witness a resurgence soon. According to Ambcrypto Shiba Inu price prediction, the popular meme coin price will reach $0.000022 before the end of 2024. However, while investors wait for a rebound, many are accumulating the Lunex Network presale.
Why Lunex Network Will Outshine Dogecoin and Shiba Inu in Q4
Although Dogecoin and Shiba Inu are showing signs of a resurgence which could usher in a rally, none can match the potential of Lunex Network. Within 72 hours of the presale, the allocated tokens for stage 1 were sold off to showcase growing interest among investors. Given its strong ecosystem, the LNEX token might enter the top 100 coins sooner than anticipated.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
