Lunex and Shiba Inu (SHIB) Are Capturing The Attention Of Whales Whilst Ethereum Price Falters

Ethereum Is Threatening To Lose Key Support

Ethereum(ETH) has been ranging around the $2,300 mark for the past 10 days and is continuously retesting lower levels. Today Ethereum sells for $2,304 with a 10.9% drop over the last month. Ethereum is moving just below the 50-day and 200-day moving averages which are also acting as tough resistance levels pushing the price downward.

Bitwise Chief Investment Officer, Matt Hougan states that Ethereum’s underperformance could continue at least until the November presidential election. Moreover, Hougan states that while Bitcoin has largely passed regulatory scrutiny, Ethereum hasn’t.

Shiba Inu Is Stalling, But This Could Change Soon

Shiba Inu (SHIB) is among the few meme coins offering real utility. It succeeded in separating itself from the competition, which is almost entirely composed of hype-driven projects of little to no substance. On top of this, Shiba Inu boasts a complex burn mechanism named SHIBBURN that operates throughout the ecosystem, with SHIB burned via Shibaswap and Shibarium transactions.

Despite this, Shiba Inu has experienced significant disruption as the chart is flatlining around the $0.000013 mark. Currently, Shiba Inu sells for $0.0000131 with a 1.1% daily decrease. Analysts point out that Shiba Inu is completing a descending wedge pattern, a technical analysis pattern that usually signals the start of a bullish reversal.

Lunex Is The New Meta For DEX’s

Lunex is a decentralized exchange protocol that will revolutionize the DeFi market with its unique framework. It is designed to integrate a vast number of blockchains, including Ethereum, Solana, Tron and more. Over 50,000 assets will be available for trading, and the platform will offer lightning-fast transactions for a streamlined and stress-free exchange experience.

Users don’t need to provide any personal information as no KYC verification is required. Third-party wallets aren’t necessary either. Investors can simply request the currency pair they want to swap and provide a receiving address.

The platform will offer a dedicated Lunex DeFi crypto wallet and a portfolio tracker for asset management. Lunex also considers the needs of seasoned investors, with the Lunex Pro subscription service that will provide advanced tools and features.

Lunex wants the community to win. With this in mind, holders of the $LNEX token will be able to earn a passive income stream and earn up to 18% APY. To sustain this, Lunex will automatically reinvest a portion of its weekly revenue and distribute it to holders.

Businesses and institutional clients will have the opportunity to use Lunex’s custom-made interoperable blockchain bridge, streamlining the crypto-fiat pipeline. This will allow businesses to receive payments in crypto and have them converted via a dedicated B2B payment solution. A move which could see increasing blockchain adoption in real world business.

The first stage of the Lunex presale is live and LNEX is priced at just $0.0012. Half of the total supply is set to be distributed during the duration of the presale, which will lead to an 18x price surge by the end of the event. Moreover, experts anticipate a 50x rally once the $LNEX token hits the markets. This means that there has never been a better time to invest!

Discover the Exciting Opportunities of the Lunex (LNEX) Presale Today!

Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.