Dogecoin (DOGE) and Shiba Inu (SHIB) Investors Add This New Altcoin For 50x Gains

Discover the altcoin. Lunex Network is looking to outshine Dogecoin and Shiba Inu in the current market condition.

In what appears to be a bearish start of October for cryptocurrencies, Dogecoin and Shiba Inu coins have noted sharp declines, erasing a significant amount of their gains. Lunex Network (LNEX) presale, on the other hand, has witnessed an influx of investor interest due to its hybrid cross-chain exchange. Analysts now believe this new altcoin could topple SHIB and DOGE in the next bull market. Let’s find out why!

Lunex Network, A DeFi Crypto And Swap Exchange Platform With A Revenue Sharing Model

Lunex Network protocol stands out owing to its unique cross-chain functionalities. While traders normally connect third-party wallets like TrustWallet and MetaMask to exchange cryptos across various blockchains, Lunex Network will connect all these networks within its non-custodial platform. This way, traders can enjoy cross-chain trading with over 50,000 swappable currencies.

Apart from trading, Lunex Network also offers a variety of unique features that appeal to both institutional and retail investors. With the Lunex Network portfolio and Wallet, traders can easily keep track of their bonds, ETFs, and stocks in one place. Moreover, its revenue-sharing model will reward token holders by setting aside a portion of the generated profits to buy LNEX tokens in the open market and redistributing them.

Given its diverse features, Lunex Network is currently trading at $0.0013, having surged from its initial starting price of $0.0012. Analysts are already projecting a massive 50x rally when it is launched, giving early investors a unique chance to buy into its low entry price and enjoy a better return on investment.

Dogecoin Price Increasingly Bearish

Following the broader market downturn, Dogecoin has lost more than 20%. Market pundits see further declines,indicating that the price of Dogecoin will break out below its critical support level. They believe Dogecoin has failed to form a falling wedge pattern for several months.

While the pattern is usually considered bullish, the Dogecoin token failed to break out from the wedge. Moreover, the rejection above the 200 EMAs is concerning to traders. The analyst noted that this particular rejection may signal a strong bearish sentiment, suggesting that the bears have taken control of the market at a very important resistance point.

Notably, a bearish engulfing candle is forming, highlighting a bearish reversal. The price of Dogecoin is also trading inside the falling wedge, suggesting strong bearish momentum in both short and long-term perspectives.

Shiba Inu’s Whale Activities Surges

Amid the current downturn momentum in the broader crypto world, Shiba Inu price hasrecorded a notable sharp decline, with its trading volume declining by over 40%. This suggests an overall declining investor interest. However, Shiba Inu network activity has witnessed a surge. According toIntoTheBlock data, Shiba Inu’s whale activity has grown significantly.

The data highlights that the Shiba Inu token has witnessed an increase in large transactions, highlighting the presence of whales. The meme coin has recorded 383 large transactions on the blockchain in one day, which is a weekly high. Moreover, the increase in activity came from a whooping 8.7 trillion SHIB token that they moved.

The increase in whale activity highlights significant future market movements. This could mean an impending Shiba Inu price reversal or a further market consolidation. With this view, experts have made cautiously bullish Shiba Inu price predictions, suggesting that the meme coin could go either way.

Is Lunex Network A Worthy Investment?

As the crypto market continues to dip, Shiba Inu and Dogecoin price performances have also been impacted, leading to bearish momentum. However, this isn’t the case with Lunex Network. LNEX has been showcasing an impressive performance, increasing its token demand and making it a stand-out option for investors looking to enjoy significant ROI in the coming months.

Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!

Website:Lunex Network
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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.