In a visibly bullish crypto market, whales are gradually starting to buy the best altcoins expected to surge soon. The top altcoins they have been accumulating include Shiba Inu (SHIB) and Lunex Network (LNEX).
Shiba Inu (SHIB), one of the most popular altcoins, is receiving increasing attention from whales, as they recently purchased 2.95 trillion SHIB tokens in a single day, according to data from IntoTheBlock.
This large volume of buying indicates an increase in market activity, a move that can help spark an uptrend.
During the weekly time frame, the value of Chiba coin increased by 8%, while it rose by 41% in the 30-day time frame, according to the CoinMarketCap chart.
Currently, the Sheba cryptocurrency is between $0.000012 and $0.000022 on the monthly chart.
TradingView data shows that the 14-day RSI for Sheba Coin (SHIB) indicates that the uptrend may continue for a few more weeks.
However, SHIB bulls must defend the $0.00001719 support level.
A break below this level could easily turn the tables and send the market lower.
On the other hand, the next thresholds for Chiba Coin are $0.00002077, $0.00002299, and $0.00002657.
The price of the SUI currency rises, setting a new record
Over the past month, the value of SUI coin has increased by 75%, outperforming most altcoins on the market.
The coin's 14-day Relative Strength Index (RSI) also rose and gained more than 50 points, according to the CoinMarketCap chart. This move indicates that the currency bulls are pushing towards higher levels.
During the 30-day time frame, Su coin has risen by more than 75%.
Interestingly, the Su Network has achieved another milestone, surpassing 6 billion transactions, which is a sign of increased activity and that investors are very optimistic about the value of the cryptocurrency, according to CoinMarketCap data.
CryptoBheem expects the price of the Su coin to rise to $2.6 in the coming weeks.
0xWara also predicts that the price of SUI will reach $50 by 2026.
Lunex Network Coin (LNEX) Trends Among Investors
Lunex Network ($LNEX) coin has been popular among cryptocurrency traders and developers due to its unique features.
The project raised more than $980,000 from investors who bet on the ability of the Lunex Network token to transform the $36.5 billion cryptocurrency trading platform market.
The platform allows users to switch between more than 50,000 assets across different blockchains.
One of the benefits of trading on the Lunex network is that the platform's gas fees are among the lowest in the industry, and these low fees are important when operating in high volatility conditions.
With fast and cheap trades, traders can exploit market conditions without high costs that can affect their gains.
In addition to the possibility of trading, $LNEX has a special benefit. Holders of the coin can tie it to the stake to get up to 18% compounded annual return (APY).
They are also entitled to receive a portion of the profits generated by the platform. This benefits long-term holders of the coin, income-focused traders, and overall growth of the platform.
Those who want to become part of the platform can get LNEX coin now for $0.0015.
LNEX is expected to follow in the footsteps of SUI (SUI)
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