Shiba Inu’s token burn strategy and Avalanche’s new Visa card have both failed to attract investor attention. Meanwhile, Lunex Network’s viral presale is gaining significant traction in the DeFi space as analysts project up to 1800% gains ahead of the token’s official launch.
Shiba Inu Burns 27 Million SHIB Tokens
Shiba Inu’s burn rate has surged by a massive 6750% in the last 24 hours. Despite removing more than 27 million tokens from circulation, the Shiba Inu price chart is still in the red zone. Shiba Inu is currently trading for $0.00001781 after an intra-day decrease of 2.23%.
Shiba Inu’s volume has also decreased by 22.10% over the last 24 hours which suggests a steep decline in investor interest. Since Shiba Inu’s Momentum Indicator and MACD Level are already flashing sell signals, analysts expect Shiba Inu’s downtrend to continue in the next few weeks. If selling pressure increases, Shiba Inu’s price could fall to the critical support at $0.00001268.
Avalanche’s (AVAX) Crypto Card Fails to Gain Investor Interest
Avalanche recently released a new zero-fee crypto card in collaboration with Visa. The Avalanche Visa card allows traders to make daily transactions by converting their cryptocurrencies into fiat. Despite this big upgrade, Avalanche’s price chart is still suggesting strong bearish dominance.
Avalanche is currently trading for $26.67 after an intra-day decrease of 3.97%. Avalanche’s volume has also decreased by 16.64% as more traders lose interest in the token. Since Avalanche’s daily chart is flashing strong sell signals, analysts expect Avalanche’s price to crash to the $21.82 support in the next few days.
Lunex Network (LNEX) Chases New All-time High After Surpassing $1.2 Million Milestone
Lunex Network’s presale has been seeing a huge influx of new investors over the past few weeks. Since Lunex Network has already raised more than $1.2 million during its presale, analysts are expecting the token’s price to reach a new all-time high before the end of October.
The reason why analysts have turned bullish on Lunex is the platform’s LNEX token that powers the entire interconnected ecosystem. Lunex Network uses its own LNEX token to execute every cross-chain trade on the platform which makes the token’s demand skyrocket. Lunex Network’s LNEX token also offers utility and scalability on its own as traders can receive staking rewards with up to 18% APY in as little as 30 days of holding LNEX. These rewards are paid out through an open market buyback mechanism and LNEX’s circulating supply is capped at 8 billion tokens. Analysts expect these deflationary tokenomics to push Lunex Network into the Top 10 cryptos list by 2025.
Aside from the native token, Lunex Network is also gaining traction due to its unique DeFi features. Lunex Network allows traders to analyze the performance of their tokens, ETFs, stocks, and bonds in a single wallet with its Portfolio Tracker. Since traders can make cross-chain transactions directly from Lunex Network’s exchange, they don’t have to worry about transferring any digital assets to unreliable third-party wallets like MetaMask or TrustWallet.
Currently in stage 4 of its presale, Lunex Network’s LNEX token is selling out fast at a low price of only $0.0017. With analysts already projecting up to 1800% returns for LNEX holders before the token is officially launched, Lunex Network is all set to become the next big 100x crypto in the market.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
