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AVAX’s price has taken a beating lately as investors seek other options. Meanwhile, discussions around SHIB show concerns that recent token burns are not enough to spark significant price run-ups, with traders needing more effective strategies for their growth in the long run.
In contrast, Lunex Network is gaining momentum as the best crypto to invest in when it comes to making fiat transactions.
Enjoy the Biggest DeFi Gains With Lunex Network
Lunex Network offers long-term returns on a cryptocurrency that truly carries value. Combining investor benefits with trading tools, this DeFi protocol embeds utility throughout its all-in-one trading solution.
The wide interoperability of the Lunex Network bolsters its utility manyfold. Using smart contracts makes swaps seamless across more than 50,000 assets, while traders on the exchanges experience low gas fees and faster transactions.
Besides trading, the Lunex Network offers various services and features for widespread cryptocurrency adoption. There is an efficient merchant payment gateway for businesses through which seamless crypto transactions are enabled.
Additionally, there is an intuitive mobile exchange compact and light in weight, with which traders can swap their assets without any hassle anytime and anywhere. Apart from operating a strong trading solution, Lunex Network has a resilient and growth-oriented natively connected token called $LNEX.
Avalanche’s Fall Likely Due to Market Dip
Recently, AVAX has stabilized below its weekly average. The sharp fall of AVAX’s value could be related to the total market decline; however, the price graph for AVAX still shows an increase of more than 14% on the monthly chart.
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AVAX had previously reached weekly and monthly highs of $30.75 but couldn’t maintain its upward trend due to the recent market pullback. The AVAX token is mostly fluctuating between $27.91 and $25.51, reflecting a nearly 9% decline during this period.
While this price drop is seen as a minor setback, AVAX holders are still optimistic given the full year performance of the AVAX token. After slumping from its six-month peak at $60.69, the AVAX token is up more than 173% on a year-to-date basis.
Official Shiba Inu Price Surged After Recent Token Burns
SHIB’s burn rate has gone up in recent times and it has permanently taken over 6.54 million SHIB tokens out of the supply. This is interesting because two of the largest burns have come from the same wallet address, with that address burning 2.14 million SHIB in two separate transactions.
Crypto analyst Javon Marks has elicited a bullish prediction regarding Shiba Inu’s price action, SHIB, which promises a surge in price action. He said SHIB was displaying new life in the break of a recently created falling wedge pattern.
According to many SHIB investors, the low supply can potentially raise the official Shiba Inu price to $1. Some investors have a belief that the burning isn’t enough and that more SHIB tokens should be burned.
Conclusion
Many of the investors in the market are testifying that Lunex Network has the potential to be the best crypto to invest in. The second phase of the presale is still on, and currently, one LNEX costs only $0.0013. Of course, no sensible trader interested in improving his or her portfolio would let this opportunity glide by without taking an action of some sort. Buy LNEX today!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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