Shiba Inu (SHIB) Gains Momentum, Dogecoin (DOGE) Sees Massive Surge: What’s Driving Both Coins?

The post Shiba Inu (SHIB) Gains Momentum, Dogecoin (DOGE) Sees Massive Surge: What’s Driving Both Coins? appeared first on Coinpedia Fintech News

Shiba Inu has increased its burn rate by thousands to increase the token’s price, and Dogecoin has breached a critical support level to trigger a rally. Meanwhile, Lunex Network’s presale is getting closer to the $1M milestone as analysts predict a massive 100x rally for LNEX on launch day. 

Shiba Inu (SHIB) Burn Rate Surges by Nearly 8000%

Shiba Inu coin is going through a massive token burn strategy to increase the token’s price. Shiba Inu’s burn rate has increased by a massive 7,911% over the last 24 hours which means nearly 281.9 million, Shiba Inu tokens have been burned in a single day. Shiba Inu is currently trading for $0.00001882 after an intra-day increase of 3.94%. 

Shiba Inu’s volume has also increased by 25.93% over the last 24 hours which suggests growing network activity. Since the Shiba Inu coin is currently trading above all of its key Simple Moving Averages, Shiba Inu’s price is expected to continue its ongoing bullish trend. If Shiba Inu doesn’t face selling pressure soon, Shiba Inu price could test the $0.00002206 resistance in the next few days. 

Dogecoin (DOGE) Breaches Critical Support Level

Dogecoin price recently breached the critical $0.11 support which means the token is now flashing strong buy signals. Since Dogecoin’s on-chain transactions have experienced a significant increase this week, Dogecoin price is expected to rally by nearly 300% if the Q4 altseason predictions are true. 

Dogecoin’s price is currently trading for $0.1263 after an intra-day increase of 10.48%. Dogecoin’s volume has also increased by a massive 93.67% over the last 24 hours as more traders accumulate Dogecoin before the anticipated price rallies. If Dogecoin can continue this upward trend, Dogecoin’s price could test the $0.1345 resistance soon. 

Lunex Network (LNEX) Poised for 1800% Rally Before Official Launch

Lunex Network is seeing significant market activity as investors rush to get their hands on the platform’s native LNEX token during presale. By launching a new DeFi exchange that is non-custodial and offers multi-chain trading, Lunex Network is ready to overthrow the entire DEXs and CEXs market that generates $275 trillion every 24 hours. If Lunex Network can capture a significant market share of the crypto exchange industry, the LNEX token is expected to become one of the top 10 cryptos by market cap in 2025. 

The reason why Lunex Network is seeing a huge influx of investors is the platform’s cross-chain trading capabilities. Instead of restricting traders to a single blockchain network or forcing them to use unsafe third-party wallets, Lunex Network is streamlining the entire trading process with its DeFi exchange. 

On Lunex Network, traders can directly swap and exchange tokens across 40,000+ different blockchains without any additional costs. Since Lunex Network integrates smart contracts on its ecosystem, the platform sources liquidity from multiple blockchains and splits the trade on different networks to get the lowest possible transaction cost. 

Aside from retail investors, even Web3 developers are flocking to Lunex Network’s presale because of the attractive dApp development features. Lunex Network allows traders to lease more than 65+ RPC nodes that allow Web3 developers to make dApps that function across different blockchains. 

Since Lunex Network’s LNEX is currently selling for a low price of only $0.0015, traders are rushing to add LNEX to their portfolios before the price skyrockets in Q4. With analysts already projecting up to 1800% returns before the end of LNEX’s presale, Lunex Network is expected to emerge as the hottest ICO of 2024. 

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork