SHIB Price Soars
Shiba Inu's price recorded an over 18% monthly surge owing to the unique development of Shibarium's ecosystem. Shibarium hit a significant milestone by surpassing over 2M wallet addresses on its network. This progress has positively impacted the Shiba Inu token, reflecting growing investor confidence.
On the other hand, the crypto market is witnessing a significant correction in Cardano's price. The ADA token experienced a sharp dip to trade below the $1 region as Lunex Network's great presale momentum continues owing to its unique DeFi features, which continue to attract global investors. This has pushed its presale price to $0.0046, which reflects an over 283% surge.
Lunex Network is proving to be more than just another run-in-the-mil DeFi exchange. Its non-custodial protocol integrates major blockchains, allowing for seamless swaps across more than 50,000 assets at the lowest possible rates without typical liquidity issues with most DEXs.
Apart from providing a frictionless and intuitive DEX experience, Lunex Network boasts a wide range of unique features set to push its adoption into the global market. Institutional investors and businesses will find the exclusive B2B payment bridge API helpful. This will allow them to easily integrate cryptos into their payment options and instantly convert them into fiat.
Developers will have access to 65 RPC nodes, which will help build highly scalable, decentralized applications. Moreover, users who wish to take their trading to the next level can subscribe to the Lunex Pro. This premium service offers advanced trading tools, AML wallet checks, and cashback on each transaction. These outstanding features have greatly enhanced the project's adoption, making it possible for the LNEX token to hit a price mark of $0.0046.
As Shibarium continues to gain traction, it has strengthened the Shiba Inu ecosystem, making it possible for the token to extend its influence beyond its origins as a meme coin. This unique progression underscores the evolving nature of the Shiba Inu ecosystem and its ability to foster innovation in decentralized systems. The SHIB price has already recorded a YTD of over 140% to trade above the $0.000025 region.
Shiba Inu's price surge has also been fueled by its ecosystem's partnerships, including Zama's innovative fhEVmM Coprocessor, which is set to debut on the network soon. The notable burn rate, which saw over 3B Shiba Inu tokens burned in the past week, also fueled Shiba Inu's price movement by reducing the token supply and driving its demand up.
Additionally, on-chain data for Shiba Inu paints a positive picture. The last 24 hours have seen major holders accumulate 708.93B SHIB tokens despite a dip in weekly inflow and outflow from whale wallets. Shiba Inu's price performance continues to benefit from its status as the second-largest meme coin by market cap. The ongoing DOGE narrative fueled by Elon Musk's interest in Dogecoin keeps the SHIB token in the spotlight.
ADA's price dropped by nearly 16% during the Monday session, closing the day at around $1. Intraday dips were even steeper, hitting a low of $0.91. This represented a temporary loss of around 24% for Cardano's price performance, marking the largest single-day dip since September 2021.
Cardano's price is trading below the $1 region, as its recent dip significantly impacted its market cap, which stands at over $35B, pushing the ADA token to the ninth position. However, despite the dip, Cardano's investor activity remains robust, with a trading volume of over $3.8B, exceeding Binance trading volume.
This Cardano's price correction reflects broader market dynamics and profit-taking scenarios. Recent technical analysis suggests that Cardano is testing critical support regions. The ADA's price action has formed bearish patterns, with increased selling pressure from short-term holders. Despite short-term volatility, long-term projections remain positive, with a price target of $2.5 in early 2025.
Lunex Network allows loyal holders to earn passive income through its revenue-sharing mechanism. Lunex Network will reinvest part of its earnings into buying back LNEX tokens from the open market and redistributing them as weekly staking rewards. This has led to worldwide recognition as its presale revenue surpasses over $5.3 million.
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