Dogecoin experienced a massive rally after Trump’s victory in the US presidential elections but the token is now facing a consolidation. Meanwhile, Lunex Network recorded a new all-time high price this week as investors gain interest in the token’s potential for 1800% gains by the end of its viral presale.
Dogecoin emerged as the biggest gainer during the recent post election rally as the token’s price increased by an impressive 150%. Since Trump also indirectly endorsed Dogecoin by announcing a new Department of Government Efficiency which is to be led by Musk himself, those in the crypto space expect Dogecoin to reach the $1 milestone before the end of Q4. However, Dogecoin’s upward momentum is now showing signs of slowing down as the token’s RSI has entered the overbought zone on the DOGE/USDT daily chart.
Dogecoin is currently trading for $0.3607 after an intraday decrease of 0.75%. Dogecoin’s trading volume has also decreased by 10.57% over the last 24 hours which suggests low market activity. Since Dogecoin’s technical indicators are flashing sell signals, Dogecoin’s price may crash towards $0.3 soon.
Lunex Network’s new multi-chain bridge is disrupting the entire Web3 space with its DeFi exchange. Since Lunex Network allows traders to make cross-chain transfers without any additional costs, the platform’s native LNEX token is soaring to new highs because of the skyrocketing demand.
The main idea behind Lunex Network is to make trading simpler and more efficient. By launching a non-custodial exchange, Lunex Network is the first platform in the market to integrate the latest Web3 technology and smart contracts into its ecosystem. With this innovative step, Lunex Network offers the lowest gas fees in the market without compromising on transaction speed.
On Lunex Network, traders can store their stocks, bonds and even NFTs on a single platform. With the Portfolio Tracker and Crypto Wallet, traders can track the performance of their holdings through Lunex Network’s mobile app. If that wasn’t enough, then Lunex Network also provides simple charts and statistics to traders so they can make strategic decisions about their crypto holdings.
To take things one step further, Lunex Network also boasts a revenue sharing model that allocates up to 18% of the platform’s weekly earnings to current LNEX holders. By the end of every week, Lunex Network repurchases LNEX tokens on the open market and distributes them as staking rewards. Even with this buyback mechanism, Lunex Network keeps its price deflationary by imposing a hard cap of 1 billion on the token’s circulating supply.
For a limited time only, Lunex Network’s native LNEX token is selling for a low price of $0.0026. Since Lunex Network’s presale tokens are selling out fast, with another price jump set to happen before the end of this week.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: Join Lunex’s Growing Community