2024-10-31 11:00 |
Shiba Inu’s recent token burns are triggering a positive sentiment amongst investors while Toncoin’s daily chart is hinting at a sell off. Meanwhile, savvy traders are jumping to Lunex Network’s viral presale that has already raised more than $1.5 million in record time.
Shiba Inu’s (SHIB) High Burn Rate to Trigger Breakout in Q4Shiba Inu’s token burn strategy is proving to be successful for the token as the SHIB/USDT daily chart is currently flashing strong buy signals. More than 39 million Shiba Inu tokens were burned in the last 24 hours which marks a massive 305% increase in the daily burn rate. Since 425.08 trillion Shiba Inu tokens were recently purchased, analysts expect Shiba Inu’s price to experience a massive breakout in Q4’s bull run.
Shiba Inu is currently trading for $0.00001856 after an intra-day decrease of 1.24%. Shiba Inu’s volume has jumped by 25.34% over the last 24 hours which suggests high network activity. Since Shiba Inu is trading above its 50-day and 100-day Simple Moving Averages, Shiba Inu could test the $0.00002206 resistance in the next few days.
Toncoin (TON) Faces Profit-Taking Sentiment After Massive October LossesToncoin’s price has been stuck in the red zone throughout October which is making investors lose confidence in the token’s future. Although Toncoin has recently introduced new updates to its ecosystem to connect users, Toncoin’s price hasn’t made any significant movements.
Toncoin is currently trading for $5.04 after an intra-day increase of 0.56%. Toncoin’s volume has also increased by 40.05% over the last 24 hours which typically indicates a market-wide sell off. Since Toncoin is trading below all of its Simple Moving Averages on the daily chart, analysts believe Toncoin’s price will crash to the $4.74 support in early November due to high selling pressure.
Lunex Network’s (LNEX) Viral Presale is Already Poised for 1800% GainsLunex Network’s explosive presale has already raised more than $1.5 million due to its skyrocketing demand. Since Lunex Network is marking a new era of crypto trading with its non-custodial platform, analysts expect Lunex Network’s native LNEX token to become one of the Top 10 cryptos by market cap in 2025.
The reason why analysts are so optimistic about Lunex Network’s growth is the platform’s top-tier security features. With no KYC checks on sign-up, traders can enjoy complete anonymity when trading on Lunex Network’s exchange. New users can sign up by entering a valid email address and select any of the 50,000+ compatible cryptocurrencies to swap. To make things even better, Lunex Network encrypts every financial trade on Ethereum’s immutable blockchain to protect users against third-party manipulation and data leaks.
Aside from this futuristic trading experience, Lunex Network also offers long-term utility to LNEX holders in the form of staking rewards. With Lunex Network’s revenue-sharing model, traders can receive a passive income through rewards with up to 18% APY. Since these rewards are paid out through an open market buyback mechanism, LNEX’s price is expected to remain highly deflationary over time as demand will always surpass the capped supply of 1 billion tokens.
Given these unique trading features and deflationary tokenomics, it is no surprise that analysts are already hinting at a new all-time high for Lunex Network’s native LNEX token in early November. Lunex Network tokens are currently available for a low price of only $0.0019 each which makes now the ideal time to invest before the price explodes any further!
You can find more information about Lunex (LNEX) Network here:
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The post Experts Tip This Less Than 1 Cent Altcoin to Outperform Shiba Inu (SHIB) and Toncoin (TON) With Imminent 1800% Rally appeared first on CaptainAltcoin.
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