As the post-election rally begins to wane, the SHIB burn rate has jumped recently, bringing the meme coin back into the limelight. Meanwhile, the Solana price continues to climb, raising questions of how much longer the uptrend can be sustained.
Additionally, Lunex Network (LNEX) has captured investors’ attention with its innovative offerings. This article explains how recent developments may impact long-term prospects for SHIB, SOL, and LNEX.
Lunex Network Ushers In a New Generation of Trading Solutions
Decentralized finance has evolved so much in the past few years, but a lot of platforms still struggle with utility and access. Unlike traditional exchanges, Lunex Network operates as a non-custodial platform that allows users to dictate the management of their assets. This is a key advantage for those cautious about security risks associated with centralized platforms.
Additionally, Lunex Network doesn’t require wallet connections or registrations to trade. You simply select the tokens, enter the receiving address, and complete the transaction. With support for over 50,000 currency pairs across multiple blockchains, it also solves liquidity issues seen in smaller exchanges.
Lunex Network uses an automated aggregation protocol that secures the best prices by sourcing liquidity from various exchanges. Its real-time transaction verification adds an extra layer of trust. But beyond tech, Lunex Network seems focused on user experience. Its wallet offers all-in-one functionality: swapping, staking, and tracking assets.
For anyone exploring DeFi, Lunex Network presents a solution that feels balanced. It’s technical enough for experienced traders but simple enough for newcomers. The potential for growth here is hard to ignore. It’s a platform built for the next wave of crypto adoption.
SHIB Burn Rate Catapults Price Point
Data from Shibburn shows the SHIB burn rate surged 6,050% on November 18, which was one factor contributing to high attention from the market. The Shiba Inu has rallied 30.8% in the last month, trading above $0.0000247. SHIB further highlights its bullish tangent by trading 139% above its yearly peak.
By SHIB’s technicals, SHIB is trading above its 100-day SMA, signaling long-term momentum. With a 14-day RSI of 90, SHIB’s rising burn rate might be pivotal to determining the token’s ability to sustain its trend. Community sentiments are up to 89% bullish as Shiba Inu reaches 11th on market cap standings.
SOL Gives Off Neutral Sentiments
Solana (SOL) has continued its impressive uptrend, with its price climbing 44.7% over the past month. The recent surge has been fueled by robust DeFi activity and increased adoption of its high-speed blockchain. SOL‘s DEX ecosystem hit a new high with over $70 billion monthly trading volume, surpassing ETH’s performance.
From a technical standpoint, SOL remains above its 50-day and 200-day SMAs, signaling sustained bullish momentum. Key support is at $234, while resistance lies at $246, a critical level to attempt SOL’s ATH. With 19 green days in the last 30 days, SOL analysts suggest slightly overbought conditions but not yet a reversal.
Conclusion
Compared to Shiba Inu and Solana price, Lunex Network is the crypto to watch due to its interconnected ecosystem. For $0.0031 per LNEX, investors gain access to the future of cross-chain transactions at an attractive entry point. Presale holders can also stake LNEX to earn rewards through Lunex Network’s revenue-sharing mechanism and staking program.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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