Cardano (ADA) and Shiba Inu (SHIB) were two of the most popular cryptos earlier this year, but their recent losses have pushed them out of the crypto Top 10 list. As Cardano and Shiba Inu continue to lose momentum, savvy traders are quickly turning to Lunex’s viral presale, which has already attracted a huge influx of investors. With analysts already projecting massive 1800% gains for Lunex Network, it is poised to become the leading decentralized exchange in 2025.
Cardano’s (ADA) Developmental Delays Push Investors to Newer DeFi Gems
Cardano may have been considered one of the most prominent blockchain developments of its time, but its growth has only experienced bigger challenges in the last few months. Cardano’s price declined by nearly 10% in the last 30 days, with traders now switching to better opportunities as Cardano struggles with developmental and usage delays. Cardano is currently trading at $0.3544 after a minor intra-day increase of 0.38%.
Although Cardano recently underwent the Chang Hard Fork upgrade, these increased governance functionalities were not enough to impress Cardano investors. Cardano’s current market sentiment is still bearish while the Fear & Greed Index is at 49. With Cardano’s 24-hour volume up by 41.31%, investors appear to be selling.
Shiba Inu’s (SHIB) Burn Rate Surges by Nearly 6000%
Shiba Inu is trying to regain investor confidence by lowering the token’s circulating supply and increasing token scarcity. In the last 24 hours, nearly 1.729 million Shiba Inu tokens have been transferred to a burn wallet, marking a massive 5,975% increase in burn rate. Shiba Inu is currently trading at $0.00001455 after a 0.19% intra-day decline.
Despite the massive token burn, Shiba Inu remains bearish as the token is trading below its key SMAs on the SHIB/USDT daily chart. Since Shiba Inu’s 24-hour volume is also down by 6.38%, investors appear to be losing interest in the dog-based meme coin. If buying pressure doesn’t pick up soon, Shiba Inu could plunge to the $0.00000825 support in upcoming weeks, sending Shiba Inu’s market cap even deeper into bearish territory.
Lunex Network (LNEX) Revolutionizes Decentralized Exchanges with Disruptive DeFi Ecosystem
Lunex Network (LNEX) is a new Web3-based multi-chain network that tackles key issues in the blockchain space. With Lunex Network’s new multi-chain protocol, investors can seamlessly integrate major blockchains like Bitcoin, Ethereum, and Solana whilst enjoying fast and low-cost transactions.
Analysts are bullish about this new DeFi exchange because of the platform’s native LNEX token. Aside from being used for transaction and merchant fees, LNEX also offers long-term utility on its own through Lunex’s revenue-sharing mechanism. Investors can stake the LNEX token to receive staking rewards with up to 18% APY, giving them a stable and credible source of passive income.
This is without mentioning a whole host of products within their ecosystem, such as the Lunex Wallet, Portfolio Tracker, Crypto to Fiat Debit Cards and B2B Merchant Services. Which could unlock a whole new wave of adoption from real world business into the crypto space.
Lunex is currently in its first presale stage, with LNEX tokens selling for $0.0012 each. Given Lunex’s revolutionary features, analysts are already tipping at 1700% gains for LNEX during the presale, alongside another 100x rally on launch day. As Lunex gains traction in the DeFi space and outshines established tokens like Cardano and Shiba Inu, early investors are expected to reap massive returns.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork