The crypto market has always had its share of shocks and now analysts are making shocking predictions about Dogecoin (DOGE), Lunex Network (LNEX) and Shiba Inu (SHIB). According to the predictions of the analysts, DOGE & Lunex Network are expected to reach $1 while SHIB may rise to $0.00004.
As such predictions are slowly becoming common, hosts of savvy investors are starting to join into the crypto market in search of lucrative gains. Lunex has garnered a huge reception from astute investors after reaching the fourth phase of its ICO and raising over $1.1million in just a few weeks!
How Dogecoin (DOGE) Can Soar To $1
In the recent crypto market recovery, the data of CoinMarketCap has shown that Dogecoin (DOGE) is among the most bullish coins, rallying towards $0.15 for the first time since June. DonAlt, a popular trader, has recently said that if the general market remains bullish, then the Dogecoin crypto may shoot up to $1.
The memecoin is bullish on the timeframes. The value of the Dogecoin token has been rising up the charts in the last month, partly due to the influence of Elon Musk. The Tesla CEO said he would create a “Department of Government Efficiency,” D.O.G.E if Trump wins the presidential election.
However, @DonAlt is not the only expert who believes in the Dogecoin crypto price hitting $1. Other analysts like MoonShilla and TheCrowTrades have given the same prediction.
The RSI of DOGE is in the overbought territory (above 70). This movement signals an increase in buying pressure and supports an uptrend in the coming weeks.
Lunex Network (LNEX) Crosses $1.1M As Interest Rises
Although Lunex Network is relatively new to the DeFi market, its ongoing presale has been a success. Lunex Network has been able to raise over $1.1million in just under four weeks, showcasing the popularity of the DeFi newcomer. The price of the $LNEX token is expected to rise by 1,800% by the end of its cryptocurrency ICO as more investors join the viral crypto sensation. The main reason for Lunex Network’s fast expansion is its superior cross-chain connectivity.
Lunex Network offers users the ability to make cheap, fast transactions across a host of blockchain networks. This level of flexibility and speed is way beyond what conventional platforms currently provide making Lunex Network a standout choice amongst its competitors. Also, Lunex Network ensures that every trade is secured and transparent through the use of encryption on Ethereum’s immutable blockchain.
Unlike many other platforms that demand the process of KYC verification, Lunex Network allows users to make large transactions without sharing their personal data with anyone, which is beneficial for many users. Lunex Network also ensures that more people hold their tokens for longer by providing some of the best staking rewards in the market.
Since the platform derives income from merchant listings and transaction fees, a part of the income is used to repurchase LNEX tokens from the market. These tokens are then redistributed to LNEX stakers, giving up to 18% Annual Percentage Yield in passive income. This system establishes a stable and safe income stream for traders who want to earn extra income without having to take a considerable risk. At this present moment, Lunex Network is selling tokens at $0.0017 per token with now being an excellent time to snap them up before the price rises once again.
Major Price Pump Could Take Shiba Inu (SHIB) To $0.00004
According to AJTrader, an analyst at TradingView, Shiba Inu (SHIB) could be preparing for a mega uptrend to $0.00004. One reason behind this optimism is the seven-month bearish and bullish trend that is emerging in the Shiba Inu price chart and growing gradually.
Also, the Shiba Inu coin could pump to $0.00002156, a price level that will be the highest in the last three months, according to CoinMarketCap. However, despite corrections, SHIB has 4.6% and 32.2% gains on the weekly and monthly timeframes.
AJTrader also insisted that when the Shiba Inu crypto tries the $0.00002 resistance again, the memecoin will rally all the way to $0.00004. As highlighted by TradingView, the Shiba Inu (SHIB) 14-day RSI is above 60, which makes it clear that the coin remains in bullish territory.
Who Will Get To $1 First? Lunex Network or Dogecoin?
Dogecoin (DOGE) and Lunex Network are approaching $1, while Shiba Inu (SHIB) is still in its quest for $0.00004. Those who enter the market right now before these coins reach their targets will see huge growth in their investments. Meanwhile, analysts are expecting LNEX to reach $1 in the coming months leading to huge potential returns for early adopters in search of cryptos with long term gains.
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