Shiba Inu has entered a consolidation phase after recording a significant 14% rally over the last seven days. Despite these minor dips, Shiba Inu’s market sentiment is still positive due to increased whale activity and massive token burns. Meanwhile, Lunex Network is also emerging as a top altcoin after raising nearly $4 million in record time.
Shiba Inu (SHIB) Faces Consolidation After a Significant Rally
Shiba Inu recently hit a new milestone at $0.00003 which is its highest level since April 2024. Since Shiba Inu’s token burn rate has exceeded over 7,400% in the last few weeks, SHIB’s price has rallied due to deflationary pressure. Even whales have accumulated Shiba Inu tokens worth more than $9.8 million which reflects the increased investor interest in meme coins.
Aside from Shiba Inu’s network activity, even the Shibarium network has recently reported a significant 541 million transactions. Despite these positive movements, Shiba Inu’s price has entered a consolidation phase with a 6.40% decline over the last 24 hours. Shiba Inu is currently trading for $0.00002906 with a 11.80% increase in its trading volume.
Lunex Network (LNEX) Outpaces SHIB After Raising Nearly $4 Million
Lunex Network is ready to outshine Shiba Inu’s explosive trend as the platform has already raised nearly $4 million in record time. Since analysts are already projecting up to 1800% gains for LNEX within the next few months, traders are currently flocking to Lunex Network during Q4’s altseason. If these bullish predictions stand true, Lunex Network could become the leading DeFi exchange in early 2025.
The reason why Lunex Network is proving to be more scalable than SHIB is the platform’s cross chain interoperability features. While traditional DEXs and CEXs still charge high gas fees for cross chain trading, Lunex Network’s noncustodial network uses smart contracts to execute fast and low cost transfers. With these smart contracts, traders can enjoy the lowest possible costs while trading more than 50,000+ different cryptocurrencies across networks.
Lunex Network is also attracting a variety of Web3 developers to its exchange platform by offering a node leasing mechanism for 65+ RPC nodes. Since these nodes can be leased by Lunex Network’s long term investors, traders are automatically incentivized to hold long positions. Traders are also entitled to huge staking rewards with up to 18% APYs through Lunex Network’s revenue-sharing model. Since long term holders are eligible for these rewards in as little as 30 days, traders can invest in LNEX at a low price now and start earning a passive income before the start of 2025.
Even after the massive 175% price jump, Lunex Network’s native LNEX token is still selling for a low price of just $0.0033 per token. Since Lunex Network is seeing thousands of new investors every week, analysts are hinting at a massive price rally before the end of December.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
