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Cryptocurrency News Articles

Lunex Network (LNEX) Soars Past $2.2 Million Milestone as Shiba Inu (SHIB) and Pepe (PEPE) Whales Make Their Exit

Nov 17, 2024 at 11:00 am

Memecoins like Shiba Inu and Pepe are making big gains this week but savvy traders are already jumping ship to Lunex Network's new DeFi exchange.

Lunex Network (LNEX) Soars Past $2.2 Million Milestone as Shiba Inu (SHIB) and Pepe (PEPE) Whales Make Their Exit

Memecoins like Shiba Inu (SHIB) and Pepe (PEPE) have made significant gains this week, capturing the attention of traders. However, a new DeFi exchange, Lunex Network (LNEX), is emerging as a promising investment opportunity.

Shiba Inu’s Price Surges, but Buying Activity Cools Down

Shiba Inu’s price has experienced several fluctuations as the token entered a consolidation phase after breaching the critical $0.00003 resistance. Shiba Inu formed a golden cross on its daily chart, which led to a renewed buying wave as investors grew optimistic about the token’s potential.

Despite the initial surge, Shiba Inu’s buying activity seems to be cooling down. The token’s price has rallied by 49.63% over the last seven days, but analysts anticipate further price surges. Shiba Inu is currently trading at $0.00002703 after an intra-day surge of 3.86%.

Shiba Inu’s trading volume has dropped by 49.50% over the last 24 hours. As the buying activity cools down, Shiba Inu’s price might soon form a bottom at the $0.00002206 support, considering that Shiba Inu burn addresses have also decreased by 94%.

Pepe’s Price Surges Massively with Whale Activity

Pepe has witnessed a large influx of investment as several DEXs recorded 244 transactions worth more than $100,000. Such whale activity typically instills confidence in a token, and analysts expect Pepe to experience a massive rally over the next few days, propelling the price towards a new all-time high.

Pepe is currently trading at $0.00001776 after a massive intra-day increase of 35.87%. The volume has also jumped by 30.98% over the last 24 hours. As Pepe’s daily chart is flashing strong sell signals, the price could target the nearest resistance at $0.00001927 in the next few days.

Lunex Network Soars Past $2.2 Million Milestone

Lunex Network, a new DeFi exchange, is set for a massive 18x rally by the end of its presale. In the last few weeks, the platform’s liquidity has surged past $2.21 million. As the upward trend continues, traders expect to see up to 1800% gains before LNEX hits the open market.

By participating in Lunex Network’s presale, traders can instantly receive their LNEX tokens. Since LNEX will operate independently on the open market, traders can add the tokens to their staking pools and start earning staking rewards with up to 18% APYs in as little as 30 days. This revenue-sharing reward program also provides traders with cashback on every transaction made through Lunex Network.

In addition to the opportunity for massive gains, Lunex Network also offers traders the best DeFi trading experience in the market. The platform allows traders to swap or exchange 50,000+ different cryptocurrencies across multiple blockchains without the need for any third-party wallets like MetaMask or TrustWallet.

Lunex Network’s price has already rallied by a massive 75% from its initial presale stage, and analysts expect another significant price jump before the end of this week. For a limited time only, Lunex Network’s native LNEX token is available at a low price of only $0.0021.

You can find more information about Lunex (LNEX) Network here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

News source:bitcoinist.com

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