Dogwifhat is losing all of its post-election gains as long term investors have started selling out. Shiba Inu has also recorded massive declines as investors lose interest in the meme coin market. Meanwhile, Lunex Network’s new DeFi altcoin is soaring with upward momentum by accumulating nearly $5 million in inflows in record time.
Dogwifhat (WIF) Loses All Post-Election Gains During Massive Sell Off
Dogwifhat was gaining significant investor interest last month after the meme coin recorded a 70% increase in value. Since analysts were optimistic about a breakout from the $10 mark, Dogwifhat’s market sentiment had turned extremely bullish. However, Dogwifhat is currently experiencing a massive sell off as investors abandon meme coins again.
Dogwifhat is currently trading for $2.71 after an intraday decrease worth 21.15%. Dogwifhat’s volume has increased by a massive 84.14% which reflects the profit booking sentiment amongst investors. Since Dogwifhat is now trading below all of its Simple Moving Averages, analysts believe Dogwifhat’s price will continue to decline in the next few weeks. If this sell off continues, Dogwifhat’s price could crash to the $1.77 and $0.36 levels soon.
Shiba Inu (SHIB) Records Massive Decline as Selling Activity Increases
Shiba Inu’s price has fallen deeper into the red zone after recording 10.09% losses over the last seven days. Although Shiba Inu’s burn rate has surged by 1068%, the reduced supply isn’t helping Shiba Inu at all. Shiba Inu’s token burn mechanism is an important mechanism to foster sustainable growth but investors are already selling.
Shiba Inu is currently trading for $0.00002516 after an intraday decline worth 15.92%. Shiba Inu’s volume has increased by 95.03% which indicates high selling activity amongst token holders. If Shiba Inu investors keep selling out and jumping ship to more viral altcoins, analysts believe Shiba Inu’s price could crash to the $0.00001847 and $0.00001019 levels soon.
Lunex Network (LNEX) Attracts Massive Investment with Innovative Noncustodial Exchange
Lunex Network’s noncustodial exchange is the most hyped token in the market in Q4’s bull market. Since Lunex Network is simplifying the entire trading process by breaking barriers to entry with its interconnected ecosystem, analysts are already projecting up to 1800% gains for LNEX holders by early 2025.
In the last few weeks, Lunex Network has recorded massive whale accumulations because of its unique features. While traditional DEXs and CEXs still limit users to a single blockchain network, Lunex Network is offering cross-chain interoperability that allows users to make trades across 40+ different blockchains. On Lunex Network, traders can sign up with no KYC verifications, select any two cryptocurrencies to swap and enter their recipient wallet address to confirm the transaction. By simplifying cross-chain trading and making it completely anonymous, Lunex Network is redefining the entire DEXs and CEXs market.
In addition, Lunex Network is also committed to security and user experience. By encrypting all financial data on Ethereum’s immutable blockchain, Lunex Network ensures that traders’ private information remains completely secure. Since Lunex Network also gives users access to their own DeFi wallet and portfolio tracker, traders can store all of their digital assets in a single location while retaining complete control.
Considering these trading features, it is no surprise that Lunex Network is stealing all attention away from meme coins like WIF and SHIB. As more traders invest in Lunex Network’s viral project, the native LNEX token is experiencing skyrocketing demand which is making analysts predict a huge price jump soon. For a limited time only, LNEX tokens are available for a low price of just $0.0044 each.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork