Lunex Network Nears $1M Milestone as Shiba Inu and PEPE Holders Double Down on LNEX

Lunex Network ($LNEX) has been propelling through its presale at a record pace, making huge waves in the DeFi space and gaining attention from investors

Cryptocurrency exchange Lunex Network (LNEX) has seen a surge in interest during its presale, particularly among holders of popular memecoins Shiba Inu (SHIB) and Pepe (PEPE).

Shiba Inu (SHIB) is currently working on Shibarium, a Layer 2 solution that will enhance the Shiba Inu (SHIB) network's scalability and efficiency. Recently, they announced the Boron hard fork launch, which will integrate the Bor layer into Shibarium. This layer is crucial for validating and securing transactions on the network.

Moreover, Shibarium will introduce advanced functionality, enabling the Shiba Inu ecosystem to support a vast range of decentralized applications (dApps). Notably, Shibarium will also include a burn mechanism for Shiba Inu (SHIB) tokens. This process aims to reduce the circulating supply, potentially leading to a SHIB rally if demand remains high or increases.

Shiba Inu (SHIB) price has experienced significant volatility in recent times. After hitting a low of $0.0000069 in early 2023, SHIB price rallied over 1,200% to reach highs of $0.000084. However, the token has since faced strong resistance and dropped to around $0.00005 at the time of writing.

Despite the recent setback, technical indicators suggest that SHIB price could be preparing for another breakout. The Bollinger Bands are widening, indicating increased volatility, while the Relative Strength Index (RSI) is hovering around 50, suggesting a neutral market condition. If SHIB price manages to break above the immediate resistance at $0.000055, it could quickly rally toward the next target of $0.00006.

Breaking this level could open up further upside potential toward the psychological level of $0.0001, followed by the 200-day moving average (DMA) at $0.00012. However, if SHIB price fails to hold above $0.00005 and drops below this support, it could slide further toward the 50 DMA at $0.000042, or even lower to the 100 DMA at $0.000036.

Pepe (PEPE) coin initially aimed to introduce more utility to the token through staking mechanisms for traders to develop the Pepe ecosystem.

However, there have been limited technological updates recently, and many Pepe holders have observed the token’s price closely as it has faced volatility over the last quarter.

While Pepe Unchained, another Pepe-related coin, has seen promising presale performance, questions about Pepe’s (PEPE) longevity remain, largely due to its roots as a meme coin whose popularity was driven by community speculation.

Lunex Network (LNEX) stands out with its cutting-edge features, including seamless interoperability facilitated by advanced smart contract technology.

This capability enables users to trade across multiple blockchains effortlessly, accessing over 50,000 assets without the need for third-party wallets like MetaMask.

This cross-chain functionality allows Lunex users to conduct fast, efficient transactions between different blockchains, providing unparalleled flexibility for traders.

With smart contract technology powering this interoperability, Lunex Network eliminates the friction often associated with cross-chain transactions, making it a go-to platform for DeFi enthusiasts who want a smoother, more integrated experience.

Lunex Network (LNEX) also boasts a privacy-focused approach that has made it appealing to traders who value anonymity.

Unlike most conventional exchanges that require traders to complete know-your-customer (KYC) verifications, Lunex Network does not impose such measures.

Furthermore, the platform does not ask traders to connect third-party wallets, reducing the potential for data leaks and protecting investors’ personal information while they conduct their crypto dealings.

This aspect is particularly ideal for high-profile traders who want to shield their crypto trades from wandering eyes. For security-conscious investors, Lunex Network provides a private trading paradise.

With stage 3 of the presale currently underway, tokens are on offer at a price of $0.0015.

Given the broad offering of the protocol, leading analysts are anticipating a massive growth of 1800% in the token’s value post-launch.

For any forward-thinking trader, Lunex Network (LNEX) presents an unmissable opportunity.

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

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