Is Shiba Inu (SHIB) About to Experience a Downfall?

Shiba Inu and other meme coins exploded after Trump’s victory in the US presidential elections but analysts believe SHIB’s ongoing rally is about to end soon.

Shiba Inu (SHIB) has enjoyed a remarkable surge in recent times, largely attributed to the victory of Trump in the US presidential elections. However, as per several crypto analysts, this astronomical rally of SHIB might be nearing its conclusion.

Considering that the second half of November is likely to witness a corrective phase in the crypto market, Shiba Inu’s price may experience substantial declines in the upcoming weeks.

At press time, Shiba Inu is valued at $0.00002556, following a slight intraday increase of 0.80%. Over the last 24 hours, the volume of SHIB has surged by 15.33%, potentially indicating some selling activity amongst short holders.

With the Momentum Indicator for SHIB already displaying bearish tendencies, analysts anticipate a price decline towards the immediate support at $0.00002206. In case selling pressure escalates further, SHL’s price may ultimately find support at the critical level of $0.00001997.

Lunex Network’s (LNEX) Non Custodial Platform Reigns Supreme in the Crypto Market Boom

In a groundbreaking move, Lunex Network is set to launch a noncustodial crypto exchange platform, a first of its kind in the crypto space. Rather than focusing on a specific sector such as meme coins or GameFi, Lunex Network’s strategy is to revolutionize the entire DEXs and CEXs market, which generates a staggering volume of up to $275 trillion every 24 hours.

By seamlessly integrating the latest smart contracts technology into crypto trading, Lunex Network is pioneering the launch of the first noncustodial DeFi exchange in the market. This eliminates the need for traders to rely on MetaMask and TrustWallet, two widely used yet insecure third party wallets, to exchange tokens across different blockchains.

On Lunex Network, traders can effortlessly sign up without any tedious KYC checks, choose from a vast selection of over 50,000 compatible cryptocurrencies, and simply enter a recipient wallet address to receive their new tokens within minutes. This streamlined process makes trading significantly faster and more convenient than ever before.

To further enhance the experience, Lunex Network also offers a VIP plan, catering to investors who demand specialized tools and exclusive bonuses. By becoming long-term liquidity providers in Lunex Network’s ecosystem, traders can earn cashback rewards on every transaction, and gain access to premium features such as liquidity mining and node leasing.

Despite boasting an impressive array of features, Lunex Network’s native LNEX token is still available at a highly discounted price of $0.0021 during its presale. As the presale tokens are gradually depleted, crypto analysts are projecting a phenomenal 1800% increase in Lunex Network’s price before the conclusion of its presale stages.

For more information on Lunex (LNEX) Network:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork