Shiba Inu has been on an upward trend ever since Trump’s victory but the token is now showing some signs of slowing down. Meanwhile, investors are jumping to Lunex Network’s viral presale that is already poised for 1800% returns before the token’s official launch.
Is Shiba Inu (SHIB) About to Experience a Downfall?
Shiba Inu and other meme coins exploded after Trump’s victory in the US presidential elections but analysts believe SHIB’s ongoing rally is about to end soon. Since the second half of November is going to be a correction phase for the crypto market, Shiba Inu’s price could experience significant declines in the upcoming weeks.
Shiba Inu is currently trading for $0.00002556 after a minor intraday increase of 0.80%. Shiba Inu’s volume has also increased by 15.33% over the last 24 hours which could be hinting at some selling activity amongst short holders. Since Shiba Inu’s Momentum Indicator is already suggesting bearish dominance, analysts are expecting Shiba Inu’s price to crash towards the $0.00002206 support soon. If selling pressure increases any further, Shiba Inu’s price could form a bottom at the critical $0.00001997 level.
Lunex Network’s (LNEX) Non Custodial Platform Takes the Crown in This Bull Cycle
Lunex Network is creating a league of its own by launching a noncustodial crypto exchange platform. Instead of targeting a specific crypto sector like meme coins or GameFi, Lunex Network’s unique strategy is to revolutionize the entire DEXs and CEXs market that generates up to $275 trillion every 24 hours.
By bringing the latest smart contracts technology to crypto trading, Lunex Network is launching the first noncustodial DeFi exchange in the market. This means that traders no longer have to rely on unsafe third party wallets like MetaMask and TrustWallet to exchange tokens across different blockchains.
On Lunex Network, traders can sign up without any KYC checks, select any of the 50,000+ compatible cryptocurrencies, and enter a recipient wallet address to receive their new tokens within the next few minutes. By making the entire trading process much simpler than before, Lunex Network is ready to dominate the entire DeFi space by 2025.
To make things even better, Lunex Network also has a VIP plan for investors who want specialized tools and exclusive bonuses. By becoming long-term liquidity providers in Lunex Network’s ecosystem, traders can receive cashback rewards on every transaction as well as exclusive features like liquidity mining and node leasing.
Even with this impressive set of features, Lunex Network’s native LNEX token is still selling for a low price of only $0.0021 during its presale. As the presale tokens run out, analysts are predicting a massive 1800% increase in Lunex Network’s price before the end of its presale stages.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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