Shib Inu (SHIB), the only Ethereum-based coin in the leading ten, is in the red on the weekly and monthly charts on CoinMarketCap.
Shiba Inu (CRYPTO: SHIB) and Lunex Network (CRYPTO: LNEX) are both showing strength in the cryptocurrency market. While SHIB has been around for over a year and is a top 10 coin, LNEX is a new project that is quickly gaining attention.
Both coins have the potential to generate massive returns for investors. However, it's important to note that both coins are also highly volatile. As a result, investors should only invest what they can afford to lose.
Shiba Inu Price Analysis
Shiba Inu has been trading in a narrow range for the past few weeks. The coin has failed to regain the $0.00002 price level despite the bullish momentum in the market.
However, technical experts still believe that SHIB might increase by a staggering 80-90% in value. One analyst, Clifton Fx, noted in a recent tweet that the cryptocurrency has formed a bullish flag in the 3D timeframe.
In the case of an upward breakout, Clifton Fx forecasts a price surge of 80-90%. He posted a chart that showed the Shiba Inu price skyrocketing to $0.3500.
While this price target seems ambitious, it's important to remember that SHIB has already experienced a meteoric rise in 2023. The coin started the year at less than $0.000001 and has since surged by over 20,000%.
As a result, it's not out of the realm of possibility for SHIB to continue to rally and reach even higher price levels in the coming weeks.
Lunex Network Price Analysis
Lunex Network is a non-custodial platform that offers efficient and fast exchange of assets. On the platform, users can swap more than 50,000 assets at a low cost and with unmatched speed.
Lunex Network uses smart contracts that allow for high-speed transactions, which are desired by high-frequency traders, allowing users from the ground up and established crypto traders.
Among the special services, it is worth mentioning the *Lunex Pro* service, the paid version of which provides subscribers with additional opportunities in the ecosystem.
Through Lunex Pro, members have the ability to lock $LNEX tokens and stake them for rewards and have the ability to lend and borrow; this increases the functionality of holding $LNEX tokens.
Additionally, subscribers of Lunex Pro are free to participate in the platform’s governance, meaning that they can shape the platform’s further evolution.
For those who value privacy, Lunex Pro also has some special features of protection, for instance, the trading bot that can check wallet addresses and perform AML (Anti-Money Laundering) investigations.
This feature protects its users by only providing them with safe wallets to transact with, making it imperative for those high profile traders who would rather keep their business private.
Another factor that speaks to Lunex Network’s privacy is that the platform does not require its users to pass the KYC process.
So, users can operate anonymously, which is always a bonus for investors who value their privacy.
LNEX cost $0.0019 in its ongoing crypto ICO and the project has raised over $1.8 million, showing how much interest there is in the project.
Final Thoughts
Both Shiba Inu and Lunex Network are showing strength in the cryptocurrency market. While SHIB is a more established coin, LNEX is a new project that is quickly gaining attention.
Both coins have the potential to generate massive returns for investors. However, it's important to note that both coins are also highly volatile.
As a result, investors should only invest what they can afford to lose and should conduct their own research before making any investment decisions.
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