As the crypto market prepares for another bull run, investors are watching out for the tokens best positioned to capitalize on the upward momentum. Among these tokens is a trending crypto exchange, LUNEX Network, which many experts believe will have a much larger bullish breakout than popular coins like Shiba Inu (SHIB) and Chainlink (LINK).
Backed by the potential of an upcoming bull market, LUNEX offers a strong combination of innovative technology and a strategic tokenomics model that outshines its competition. Read more to learn why Lunex Network is a better investment for the bull market than LINK and SHIB.
Shiba Inu battles whale selloffs amidst market uncertainty
Shiba Inu’s price has recently started to lose value due to crypto whales' significant dumping of SHIB tokens. As SHIB's market struggles to gather pace, SHIB has lost more than 55% of its initial value over the last months, causing worry among holders.
Investors' pessimistic attitude has further exacerbated this downward pressure on SHIB as retail traders gradually quit the coin. Some present SHIB holders, however, still anticipate that the recent decline will allow them to "buy the dip."
SHIB’s difficulties have led to its decrease in the crypto rankings, making the crypto community pessimistic about a possible comeback should the broader market circumstances for SHIB refuse to improve.
Chainmail(LINK) faces bearish pressure amidst market uncertainty.
Chainlink (LINK) connects smart contracts with important external data through its decentralized Oracle network, enabling new possibilities for blockchain technology. Yet, its recent performance has been disappointing. Amid the broader crypto market’s decline, LINK has declined after a few weeks of growth, causing concern among its investors.
Two main signals point to LINK's future difficulties. LINK’s relative strength index (RSI) has declined while its selling activity has risen. This RSI pattern indicates that LINK will noticeably drop should this selling pressure persist before normalizing.
At the same time, the Network Value to Transactions (NVT) ratio suggests that LINK is overvalued relative to its network activity. This overvaluation and market volatility have caused LINK’s price to hover around $10 to $12. These issues LINK faces with the NVT ratio suggest that if the disconnect between LINK's network activity and investor optimism continues, it will signal a further decrease in the price of LINK as the market adjusts to more accurate valuations.
Why Lunex Network is the next big thing in hybrid crypto exchanges
Lunex Network is a brand-new hybrid CEX/DEX in its first presale phase for investors searching for altcoins that outperform even the most popular ones in 2024. Regarding practical implementation, Lunex Network excels in this area and offers fantastic features. With features of both centralized and decentralized exchanges, Lunex Network’s hybrid crypto exchanger architecture offers consumers flexible, quick, and safe trading across multiple blockchains.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Unlike hype-driven meme currencies or slower-growing projects like Shiba Inu and LINK, Lunex Network offers users liquidity aggregation, staking opportunities, and a frictionless trading experience without the need to leave assets on the platform.
Lunex Network is currently available for $0.0012; experts predict its value might skyrocket 150x by launch. With LINK and Shiba Inu's prices declining, you should hurry to join the Lunex presale to earn massive gains during the incoming bull market.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
