IMX Rally Cut Short After Profit-Taking, SHIB Price Continues Up & Emerging DEX Raises $1M In Weeks

Immutable X’s recent rally came to an unexpected halt after profit-taking, while Shiba Inu’s price continued its upward momentum. Lunex Network, a new decentralized exchange (DEX), has raised an impressive $1 million in liquidity within just a few weeks. This surge in activity showcases the nature of the crypto market, where market shifts and emerging projects like Lunex Network are creating fresh opportunities for investors and traders alike.

Immutable X (IMX) Climbs By 7% In 7 Days

Immutable X is currently priced at $1.49, showing a 5.26% increase in the last 7 days. Immutable X has performed well compared to its initial sale price. Immutable X also has high liquidity, which allows IMX to be traded easily without large price swings. This indicates market stability.

Recently, Immutable X has been expanding in gaming. One of Immutable X’s new partnerships is with Play Ember and Pixelmon to develop “Monster Tycoon.” The game is now available worldwide on the App Store and Google Play, where users can earn rewards like 100 gems by completing quests.

Immutable X also continues to integrate blockchain into gaming. In the game “Call of the Void,” users can interact easily using the Immutable X Passport. Players can showcase custom avatars such as the Moku skin, demonstrating the platform’s role in enhancing digital asset interaction.

Could Whale Activities Affect Shiba Inu’s (SHIB) Price?

Recent whale activity on Shiba Inu has dropped significantly, with large transactions decreasing to 500 billion SHIB over the past seven days. This marks a sharp decline from Shiba Inu’s usual highs of four trillion SHIB. The reduction in transaction volume signals a major shift for Shiba Inu. 

Additionally, the decline in whale participation could affect Shiba Inu’s future price movements. Whales, or large holders, own a significant portion of the circulating supply, and their reduced activity might indicate waning interest or a wait for better market conditions. Although Shiba Inu remains an important figure in the memecoin space, its resourcefulness depends on hype. If interests continue to deplete, it could mark the start of a long-term bearish pattern for Shiba Inu.

Lunex Network (LNEX) Continues To Enjoy Explosive Presale Success

Lunex Network launches a crypto exchange that combines features of decentralized and centralized exchanges. The platform is already targeting established exchange platforms such as Uniswap and Binance, and its cross-chain interoperability will attract more traders. Lunex Network aims to simplify trading by allowing traders to sign up without KYC verification.

In addition to cross-chain trading, Lunex Network has unique features that make it an incredible investment opportunity in 2024. The platform features a non-custodial crypto wallet where traders can store, exchange, and trade digital assets in one application. Since funds are kept directly on the trader’s device, Lunex Network provides full control and transparency over crypto holdings.

Investing in Lunex Network’s presale comes with exclusive discounts and cashback rewards. $LNEX presale holders benefit from lower transaction fees and premium features such as liquidity mining or 18% APY for $LNEX stakers within just 30 days.

Currently, Lunex Network tokens are available for $0.0015 in the third stage of presale, but only for a limited time. Industry experts continue to project that $LNEX will hit 100X returns as soon as it hits exchange platforms. 

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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