The cryptocurrency market is expected to have a huge increase in the following weeks with the US elections approaching starting from November 5th. Currently, technical experts believe that the SHIB token might increase by a staggering 80-90% in value.
Also, among emerging cryptocurrency ICO projects, Lunex Network (LNEX) has been one of the most successful, garnering more than $2 million. Due to the high interest in the Lunex Network platform, the LNEX coin might surge by up to 10 fold before the year ends.
Clifton FX Forecasts 80-90% Surge For Shiba Inu (SHIB)
Shib Inu (SHIB), the only Ethereum-based coin in the leading ten, is in the red on the weekly and monthly charts on CoinMarketCap. Trading in a painfully small range in October, the memecoin failed to recover the $0.00002 price level despite the bullish momentum in the market.
Now, Shiba Inu crypto holds the position between $0.000016 and $0.0000195 on the weekly chart. The majority of technical signals for Shiba Inu (SHIB) are bearish: VWMA (10), as well as Hull Moving Average (9).
The meme coin has lost its bullish momentum amid a massive increase in the token burn. According to data from Shibburn, over 5.7 billion SHIBs have been burned in the past seven days. This value signifies an increase of 5,926.4%.
Going forward, analysts are very optimistic about the Shiba Inu (SHIB) SHIB token. The Charting Bot forecast that the value of the Shiba Inu coin could soar to $0.00002550.
A top analyst, Clifton Fx, noted in a recent tweet that the cryptocurrency has formed a bullish flag in the 3D timeframe. In the case of an upward breakout, Clifton Fx forecasts a price surge of 80-90%. He posted a chart that showed the Shiba Inu price skyrocketing to $0.3500.
Lunex Network (LNEX) Raises Over $1.9M, Set for 10x Price Surge
Lunex Network (LNEX) is a non-custodial platform that offers efficient and fast exchange of assets where users can swap more than 50,000 assets at low cost and with unmatched speed. Lunex Network uses smart contracts that allow for high-speed transactions that are desired by high-frequency traders, allowing users from the ground up and established crypto traders.
Among the special services, it is worth mentioning the *Lunex Pro* service, the paid version of which provides subscribers with additional opportunities in the ecosystem. Through Lunex Pro, members have the ability to lock $LNEX tokens and stake them for rewards and have the ability to lend and borrow; this increases the functionality of holding $LNEX tokens.
Additionally, subscribers of Lunex Pro are free to participate in the platform’s governance, meaning that they can shape the platform’s further evolution. For those who value privacy, Lunex Pro also has some special features of protection, for instance, the trading bot that can check wallet addresses and perform AML (Anti-Money Laundering) investigations.
This feature protects its users by only providing them with safe wallets to transact with, making it imperative for those high profile traders who would rather keep their business private. Another factor that speaks to Lunex Network’s privacy is that the platform does not require its users to pass the KYC process.
So, users can operate anonymously, which is always a bonus for investors who value their privacy. LNEX cost $0.0019 in its ongoing crypto ICO and the project has raised over $1.8 million, showing how much interest there is in the project. Analysts are positive about Lunex Network’s future and say $LNEX could soar 10x in price in the near future.
Final Thoughts
With increased funding for Lunex Network, the outlook for the DeFi cryptocurrency LNEX remains strong. Experts believe the growth of Lunex Network could surpass that of Shiba Inu (SHIB) in the coming weeks. They cited LNEX’s low market cap and utility as major catalysts for growth.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Our Telegram Community
Twitter: Follow Us On X
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
