Shiba Inu’s strategic token burn strategy is pushing the price of the token higher while Dogecoin’s ongoing rally is expected to continue until the end of the fourth quarter.
In the meantime, Lunex network steals coin hype by racking up over $3 million in its explosive presale.
Shiba Inu burns 6.8 million SHIB tokens to increase price pressure
The Shiba Inu saw a notable resurgence during the post-election rally recording gains of 53.36%. Given that Shiba Inu also reduced its circulating supply from 999 trillion to 410 trillion, it is likely that Shiba Inu’s upward trend will continue until the end of the fourth quarter.
SHIB is currently trading at $0.00002557 after an intraday increase of 4.32%. Given that Shiba Inu has also formed a golden cross with its 50-day and 200-day exponential moving averages, Shiba Inu’s ongoing rally could result in a 75% upside from the current level. If these positive estimates hold true, Shiba Inu could target the upper resistance at $0.000045 before the end of 2024.
Dogecoin (DOGE) Poised to Hit $4 if Bitcoin Rally Continues
Dogecoin price has already seen a massive increase of 210.74% following Trump’s victory in the US presidential elections. Given that Bitcoin is expected to reach $100,000 before the end of the fourth quarter, many crypto enthusiasts expect Dogecoin’s ongoing rally to continue as well. If Dogecoin follows in Bitcoin’s footsteps, this meme coin could see a massive 930% jump from its current level to target the $4.38 level.
As of now, Dogecoin is trading at $0.4164 after an intraday rise of 3.24%. Although Dogecoin volume collapsed by 38.69% during the same period, this drop in buying activity can be attributed to the fact that Dogecoin’s RSI entered the overbought zone on the chart daily DOGE/USDT. As the overheated rally cools down, Dogecoin price could test the critical resistance at $0.5462 before the end of this week.
Lunex Network (LNEX) Surpasses Competition by Raising $3 Million in Viral Presale
Lunex network breaks new records every week thanks to its explosive pre-sales dynamic. This week, Lunex Network managed to surpass the $3 million milestone, which is a testament to the future potential of the platform. Since many crypto enthusiasts already tip 1800% returns For LNEX holders by the end of the presale, investors are rushing to get their hands on Lunex Network presale tokens before the supply runs out.
The benefit of investing in Lunex Network during the pre-sale is that investors receive their LNEX holdings instantly. These tokens can be added to a staking pool to receive staking rewards of up to 18% APY via the Lunex Network revenue sharing model. Since Lunex Network starts paying out staking rewards in as little as 30 days, pre-sale investors can start generating huge returns on their investment even before the token officially launches.
After launch, traders can use these tokens to access Lunex Network’s cutting-edge cross-chain trading platform. As Lunex Network bridges the gap between isolated blockchains, it allows traders to trade two cryptocurrencies on different blockchains without paying additional fees. Since Lunex Network is committed to user security, the platform encrypts all financial information on the immutable Ethereum blockchain and uses smart contracts to execute immutable transactions. With these smart contracts, traders can get transparent updates on the status of each transfer, making the entire trading process incredibly reliable.
Since Lunex Network is currently in pre-sale, LNEX tokens are selling at a low price of just $0.0031 each. As the Lunex Network presale offer runs out, a massive LNEX price hike is expected before the end of November.
You can find more information about the Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Social networks: https://linktr.ee/lunexnetwork
This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.