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As Shiba Inu sinks into bearish territory with increasing sales, pre-sales for Lunex Network are gaining traction, with analysts predicting a potential 1,800% surge ahead of its market launch.
Shiba Inu is suddenly falling into bearish territory as short sellers take profits. Meanwhile, Lunex Network is progressing through its pre-sale stages and analysts are predicting a massive 1800% rally before the token launches on the open market.
Shiba Inu Falls Into Bear Territory Amid Q4 Alternate Season
shiba inu rallied by an impressive 21.08% in the last 30 days as the token’s Shibarium layer 2 blockchain saw increased network activity. However, these gains were short-lived as Shiba Inu short sellers are quickly making profits. In the last 24 hours, Shiba Inu volume has increased by 60.03%, which typically indicates a sell-off.
Shiba Inu is currently trading at $0.00001636 after a significant intraday drop of 10.33%. Despite the sharp decline, Shiba Inu is still trading above its key simple moving averages on the daily chart. Once the selling pressure cools, Shiba Inu could resurface and test the nearest resistance at $0.00002206 in the fourth quarter. However, if the sell-off continues, Shiba Inu price could soon fall to the support of $0.00001268.
ADA to experience price resurgence if it reaches another milestone
Cardano recently entered the list of the top 10 fastest growing blockchain projects, there is a chance it will resume positive price momentum this year. While the Cardano token price is consolidating at lower levels like most DeFi coins now, its fresh 970% increase in development activity indicates a possible boost for the ADA price in due time.
Although Cardano is currently trading within a weekly price range From $0.3345 and $0.3659, the native ADA token has seen its fair share of an uptrend after hitting a price high near $0.8 this year alone.
As its development activity continues to ramp up, amid several new partnerships with other projects, Cardano price could possibly re-emerge to higher levels this year.
Lunex Network pre-sale finds bullish buzz
Lunex Network was making headlines even before its pre-sale launch, but its explosive pre-sale success is making investors excited about the platform’s future growth. In just 24 hours since its pre-sale launch, Lunex Network raised over $250,000 attracting a variety of retail investors, institutional whales, and even web3 developers. If this bullish momentum continues in the fourth quarter, the price of Lunex Network is expected to rise over 1800% by the end of its pre-sale.
The reason investors are flocking to Lunex Network’s new DeFi platform is its cross-chain functionalities. Gone are the days when merchants had to connect third-party wallets like MetaMask and TrustWallet to make crypto transfers across multiple blockchains. Since Lunex Network bridges the gap between isolated blockchains and brings them together on its non-custodial network, traders can trade over 50,000 cryptocurrency pairs on a single exchange.
Furthermore, the Lunex Network exchange does not have KYC checks upon registration. Instead of entering private information, traders can simply download the Lunex Network mobile exchange, select a cryptocurrency pair to trade, and enter the recipient’s wallet address to get their new tokens in a matter of minutes. The best part of trading on Lunex Network is the low transaction fees as the platform sources liquidity from different sources and splits the trade to ensure minimal costs.
While retail investors enjoy up to 18% APY with Lunex Network staking rewards, institutional investors are showing more interest in the platform’s merchant payment gateway. By connecting the Lunex Network exchange to their existing websites, businesses can now accept cryptocurrency as a form of payment from customers.
Considering these features, it is no surprise that Lunex Network is already poised for 100x growth by 2025. For now, Lunex Network is in stage 3 of its pre-sale with tokens selling for $0.0015 each. As Lunex Network gains momentum, analysts believe the token price will reach a new all-time high over the next week.
To learn more about the Lunex network, visit the official website and his social.
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