Meme coins seem ready for a resurgence, with Shiba Inu (SHIB) leading the way. Ethereum (ETH) on the other hand, continues to give mixed signals as every pump is met by a sell-off.
Meanwhile, Lunex Network is capturing the attention of both Shiba Inu and Ethereum holders as each stage of its viral presale is selling faster than the previous one. But what’s the deal with Lunex Network? Is it its revolutionary cross-chain exchange? The generous reward system? The highly competitive roster of trader perks? It’s all this and more. Let’s dive deeper.
Shiba Inu Breakout Imminent?
Shiba Inu (SHIB) has experienced quite the turbulence over the last few months, however, a glance at the bigger picture tells a promising story. After bottoming around $0.0000157 in March, Shiba Inu has been marking higher lows, meaning that an ascending trajectory is confirmed. As of today, Shiba Inu sells for $0.000018 showing a notable 32% gain over the last month.
24-hour volume has also seen a steep 55% increase with over $599 million worth of SHIB traded. On-chain analysis shows that whales continue to accumulate large quantities of Shiba Inu, possibly anticipating a rally in the upcoming weeks. Moreover, just recently, the Shiba Inu team announced a new partnership with Mass Build which will provide AI-powered legal and financial solutions for Shiba State.
Ethereum Is At A Crossroads
Ethereum (ETH) can’t break out of its narrow channel that has compressed its price action for the last since June. In this current range, Ethereum has been moving between $2,400 and $2,600. Today, Ethereum trades for $2,591 with a minor 1.5% intraday decrease. CoinMarketCap shows that the sentiment around Ethereum is generally negative with over 65% of holders feeling bearish.
Open Interest in Ethereum has surged significantly, indicating the possible rise of short-term volatility. Leveraged ETH positions are abounding in both directions as the current range is turning into a battleground for bulls and bears. As Ethereum struggles to pick a direction, both camps are seeing heavy casualties, with over $135 of long traders liquidated on October 1st and over $49 million short sellers liquidated in the last 24 hours.
Lunex Is Aiming For The DEX Throne
Lunex Network seems to have all that it takes to revolutionize decentralized exchanges. Its cutting-edge, cross-chain platform connects isolated blockchains and offers instant, low-cost swaps. Traders can seamlessly swap between 40+ blockchains, including Ethereum, Solana, and Bitcoin. Over 50,000 assets are supported. Innovative trader perks for a high-end trading experience, including a portfolio tracker and an exclusive non-custodial wallet. This is just the tip of the iceberg.
No KYC verification is needed to join, users also don’t need to rely on compromisable third-party wallets like MetaMask or TrustWallet. They can just select the pair, input the address, and confirm the transaction.
Lunex Network is designed with real-world adoption in mind. An exclusive B2B payment gateway will allow businesses to effortlessly incorporate cryptocurrencies in their payment options and have them instantly converted into fiat.
The Lunex Network also caters to web3 developers, granting instant access to 65 RPC nodes. These nodes will greatly facilitate data transfer and will empower developers to build and deploy scalable decentralized applications.
The novel revenue-sharing mechanism is one of the most intriguing features of the exchange. Lunex Network will redistribute a portion of its weekly profits to holders who stake the $LNEX token on the platform, creating a passive income stream for up to 18% APY.
With $LNEX priced at just $0.0015, early buyers have the amazing opportunity of participating in one of the hottest plays of the 2024-2025 cycle. The third stage of the presale is nearly sold out and so far, more than $845,000 has been raised in funds. Analysts predict an 18x rally by the end of the presale, and once Lunex hits the markets a massive 100x surge could be on the cards. Don’t miss out!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork