SHIB and PEPE investors shift attention to this rapidly growing altcoin

Shiba Inu (SHIB) and Pepe (PEPE) investors are pivoting to Lunex Network (LNEX), a quickly growing altcoin.

Shiba Inu (SHIB) and Pepe (Pepe) investors are diversifying into Lunex Network, an altcoin that is growing rapidly in the crypto space. Features like 18% APY staking rewards, seamless swaps across forty blockchains, and a deflationary token model position Lunex Network as the next big thing in the crypto marketplace. 

With its multi-chain trading and privacy-focused features, Lunex Network seeks to provide an advantage that appeals to both experienced and new investors.

Shiba Inu sees mixed price forecasts

Shiba Inu has gained 6.1% within the last twenty-four hours, 23.1% in the week, and 63.5% since November. Notably, Shiba Inu’s price has risen by 249.6% since December 2023.

Some experts think Shiba Inu could slip up and trade at $0.00002936 by January 29, 2025, representing a 7.61% fall from current levels. However, others believe Shiba Inu might carry on its upward trend. 

A pro-crypto U.S. President along with heightened interest from banks in crypto-based ETFs suggest bullish signs for the industry. In case the trend improves, Shiba Inu might rally more and possibly reach a new all-time high.

Pepe whale activity rises but long-term holders exit

The dynamics surrounding Pepe are shifting as whale activity intensifies while long-term investor interest declines. Recent data from IntoTheBlock shows a reversal in whale net flows, with a jump from a 534-billion-token outflow to a 580-billion-token inflow by December 3.  

Notably, a single whale withdrew 337 billion Pepe tokens worth $7 million from Binance over the past 20 days, sparking speculation of FOMO-driven retail buying. However, the token’s long-term holders have been dwindling, with addresses holding Pepe for over a year dropping from 91,200 in November to 89,000. Mid-term Pepe holders fell even more sharply, from 200,000 to 89,000 in the same timeframe.  

Meanwhile, short-term trading surged by 262%, with 72,000 new addresses joining in just 30 days. With Pepe consolidating at $0.000020 and a market cap of $8.69 billion, its heavy reliance on short-term traders and fluctuating whale activity has raised questions about its long-term stability, driving some investors to seek alternatives.

Lunex Network: Redefining privacy and profitability

Lunex Network is a DeFi exchange on a blockchain with over 50,000 assets. This project will utilize advanced smart contracts to offer quick swaps at lower transaction fees to its users.  

Unlike traditional platforms, Lunex Network prioritizes user privacy, eliminating KYC checks. This unique approach will allow fully anonymous trading, appealing to security-conscious investors seeking greater control over their data.  

What truly sets Lunex Network apart is its generous staking rewards. Those who hold LNEX tokens will be able to make as much as 18% APY through staking, opening the doors for a simple method to earn passive income. 

Additionally, the platform’s revenue-sharing model will return a percentage of its earnings to token holders so that they can benefit from Lunex Network’s growth. With a capped supply of 8 billion tokens and a deflationary mechanism, Lunex Network will produce scarcity that attracts long-term value investors.  

Currently priced at $0.0038 in its presale, Lunex Network has already delivered over 200% returns for early investors who bought in at $0.0012. The presale has raised more than $4 million, signaling strong momentum. Industry analysts predict that LNEX could hit $1 within months as its popularity grows, making it a promising investment.

For more information about Lunex Network, visit their website or socials.