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As Shiba Inu plunges into bearish territory with rising sell-offs, Lunex Network’s presale is gaining traction, with analysts predicting a potential 1800% surge before its market launch.
Shiba Inu is suddenly falling deep into bearish territory as short sellers book profits. Meanwhile, Lunex Network is soaring through its presale stages with analysts tipping at a massive 1800% rally before the token is launched on the open market.
Shiba Inu falls into bearish territory amid Q4 alt season
Shiba Inu rallied by an impressive 21.08% over the last 30 days as the token’s Layer-2 blockchain Shibarium experienced increased network activity. However these gains were only short-lived as Shiba Inu’s short sellers are rapidly booking profits now. In the last 24 hours, Shiba Inu’s volume has increased by 60.03% which typically indicates a sell-off.
Shiba Inu is currently trading for $0.00001636 after a significant 10.33% intraday decrease. Despite the steep decline, Shiba Inu is still trading above its key Simple Moving Averages on the daily chart. Once the selling pressure cools down, Shiba Inu could make a resurgence and test the nearest resistance at $0.00002206 in Q4. However, if the sell-off continues, Shiba Inu’s price could fall to the $0.00001268 support soon.
ADA to experience price resurgence if it hits another milestone
Cardano recently made the list of top 10 fastest-growing blockchain projects, there’s a possibility that it might resume a positive price momentum this year. While the price of Cardano token is consolidating to lower levels like most DeFi coins now, its new 970% rise in development activity signals a possible booster for ADA price in due time.
Even though Cardano is currently trading within a weekly price range of $0.3345 and $0.3659, the native ADA token has seen a fair share of a bullish trend after reaching a peak price near $0.8 this year alone.
As its development activity continues to spike, amid several new partnerships with other projects, Cardano price can possibly resurge to higher levels this year.
Lunex Network’s presale encounters bullish hype
Lunex Network was making headlines even before its presale launch, but its explosive presale success is making investors eager about the platform’s future growth. In only 24 hours of its presale launch, Lunex Network raised more than $250,000 by attracting a variety of retail investors, institutional whales, and even web3 developers. If this bullish momentum continues in Q4, Lunex Network’s price is expected to rally by more than 1800% by the end of its presale.
The reason why investors are flocking to Lunex Network’s new DeFi platform is its cross-chain functionalities. Gone are the days when traders had to connect third-party wallets like MetaMask and TrustWallet to make crypto transfers across multiple blockchains. Since Lunex Network bridges the gap between isolated blockchains and brings them together on its non-custodial network, traders can swap 50,000+ crypto pairs on a single exchange.
In addition, Lunex Network’s exchange has no KYC checks on signup. Instead of entering any private information, traders can simply download Lunex Network’s mobile exchange, select a crypto pair to swap, and enter a recipient wallet address to get their new tokens within minutes. The best part about trading on Lunex Network is the low transaction fees as the platform sources liquidity from different sources and splits the trade to ensure minimal costs.
While retail investors are enjoying up to 18% APY with Lunex Network’s staking rewards, institutional investors are showing more interest in the platform’s merchant payment gateway. By connecting Lunex Network’s exchange to their existing websites, businesses can now accept cryptocurrencies as a form of payment from customers.
Considering these features, it is no surprise that Lunex Network is already poised for 100x growth in 2025. For now, Lunex Network is in stage 3 of its presale with tokens selling for $0.0015 each. As Lunex Network gains momentum, analysts believe the token’s price will hit a new all-time high within the next week.
To learn more about Lunex Network, visit the official website and its socials.
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