SHIB targets $0.00003500 as ADA breaks out of consolidation to reclaim $0.60

Shiba Inu sets its sights on a $0.00003500 target, while Cardano breaks out of consolidation to reclaim $0.60.

SHIB is on an upward trend and ADA has also just come out of a major resistance area. As Shiba Inu targets $0.00003500, Cardano is back in the $0.60 range. 

This is because investors are again interested in the shares and the technical signs indicate that the two may begin to rise from this level. Pump and dump analysts have suggested that these altcoins could rise to other higher levels in the following weeks.

Shiba Inu price pumps, community burns 463m SHIB 

SHIB is one of the best meme coins in the market today. The price of the SHIB token has been increasing during the ongoing bull run. According to the crypto market data tracking platform, CoinMarketCap, Shiba Inu has increased by 50.6% in a week and 44.5% within the last month.

The value in the cryptocurrency market has been on the rise within the last one week. From the crypto market data tracker, CoinMarketCap, the price of Shiba has risen by 50.6% within the week and 44.5% within the month. 

The cryptocurrency is trading above the 200 SMA at $0.00001856. Also, the Hull Moving Average (9) and VWMA (10) are in the buying territory. All these are bullish signs and support more upward movement.

SHIB KNIGHT said the Shiba Inu coin is in an accumulating phase. They forecast the value of the memecoin to reach $0.00003500 in the coming weeks. Another expert called SHIB Bezos also chimed in on the cryptocurrency’s future price targets. 

They say the value of the Shiba Inu crypto might rally by 1,000%. SHIB Bezos urged the community to stay calm as profits could flow into the meme coin from assets like Bitcoin and Ethereum.

Meanwhile, the latest forecasts come after the Shiba army burned over 463 million SHIB in one day. The community has been burning large amounts of SHIB tokens in the past way. However, they still have a long way to go. Circulating supply is over $589 trillion.

Cardano price and market cap skyrockets 

Cardano looks like it has finally stirred from its slumber. The post-election rally has pushed the price of the Cardano crypto to the $0.6 level. While correction has hit the market, the DeFi coin has gains of 85.7% on the weekly chart and 82.6% on the biweekly timeframe, according to CoinMarketCap’s data.

Going forward, the momentum surrounding the Cardano token has not dwindled. The coin’s 14-day RSI is above 80, which is the overbought region. Also, the Hull Moving Average (9) and VWMA (10) are showing buy signals which is a bullish move.

Darren says the value of Cardano may jump to $10 next year. Another analyst called Plutus Staking gave a higher Cardano price target of $20. In the short term, the DeFi coin price might pump to $0.8 and $1.0.

Lunex Network price rallies to $0.002

Lunex Network is already on the rise within the DeFi market due to its unique capabilities and the keen emphasis on the protection of users. The LNEX coin is sold at $0.0021. The project has managed to attract over $2 million in investments. This shows investors believe in its future development. 

The platform also has a portfolio tracker. This tool allows a user to track and manage the portfolio of cryptocurrencies as well as stocks and ETFs in one place. Meanwhile, security is a priority for Lunex Network. SolidProof has audited its smart contracts to ensure they are safe. 

Furthermore, the staking of tokens is possible, and the staking rewards that LNEX token holders get could reach 18% of the annual percentage yield. Altogether, Lunex Network’s portfolio tracking, robust security model, and highly rewarding staking make Lunex Network stand out in the future of DeFi.

To learn more about Lunex Network, visit the official website and its socials.