Can Dogecoin Hit $1? Lunex Network Surges 200%, SHIB Soars

DOGE, SHIB, LNEX Surge: Dec 8 Dogecoin Event Boosts Crypto Momentum

The crypto market is anticipating a significant week for Dogecoin, centered around a historical event scheduled for December 8 in Washington, DC. On this day, Vivek Ramaswamy and Elon Musk will address members of Congress and present key proposal points regarding DOGE efficiency. This development might significantly impact the DOGE price performance, which has already recorded a monthly surge of over 177%.

Similarly, Shiba Inu is also capitalizing on its ongoing rival in the digital currency ecosystem. After recording a dip, the SHIB token broke past the $0.00003 price in an unexpected rebound rally. The rebound has been attributed to new upgrades, including the Heimdall upgrade. As both Dogecoin and Shiba Inu record impressive gains, Lunex Network is also not being left behind. The presale gem recently witnessed a surge to hit the $0.0036 milestone, with anticipated further gains aiming to push the LNEX token past the 200% surge.

Lunex Network Eyes Over 200% Surge

With growing Lunex Network pre-sale hype, LNEX’s value has significantly surged from its starting price of just $0.0012 to $0.0038. Moreover, its price is also set to record more gains in the coming days, targeting the over 200% rally. This will allow investors who invested early in the project to enjoy better ROI.

This Lunex Network presale success is due to its outstanding features, including the project’s ability to connect isolated blockchains and facilitate non-custodial exchange. These features allow traders to easily swap over 50K assets across 40+ blockchains. Furthermore, this will also be achieved under complete privacy as the Lunex Network project does not feature KYC checks.

Investors are also attracted to Lunex Network’s unique revenue-sharing model. In this model, Lunex Network will use part of its revenue to buy back LNEX tokens from the open market and relocate them to token holders. This model has already led to a high demand for the token as each investor looks to enjoy the benefits associated with the token. The rise in demand has also seen the Lunex presale hit over $4.5M in revenue.

Dogecoin Price Analysis: Will December 8th Propel DOGE To $1?

Dogecoin’s price movement has captured headlines with a remarkable surge in November that saw the token register new highs. This impressive surge sparked renewed interest in whether Dogecoin can finally break the elusive $1 barrier. DOGE’s market cap has surged to over $61B while hovering around the $0.40 region.

While the token is currently consolidating, the events of December 5th could push Dogecoin closer to $1. Historical data underscores the DOGE department’s influence on Dogecoin valuation. Musk’s appointment to lead DOGE resulted in a 15% rally in the token’s price. This surge was later amplified by another 120% increase within a week following endorsements and activities related to the initiative.

Moreover, Dogecoin’s price chart displayed a Cup and handle pattern, which usually indicates a bullish continuation signal, forming above DOGE’s critical support zone around the $0.35985 region. A breakout above the $0.51483 resistance level could propel Dogecoin’s bullish momentum, aiming for the $1 target. According to crypto analyst Ali Martinez, Dogecoin’s RSI is currently at 63, suggesting a growing buying interest that could help push the token’s bullish momentum to even greater targets.

Is Shiba Inu Ready for The Next Significant Rally?

Shiba Inu has been relying primarily on the broader crypto market trend to retain its uptrend momentum. However, its recent Heimdall upgrade has helped the SHIB token break the $0.00003 resistance level, placing it just 65% away from hitting the $0.00008845 ATH milestone.

Amid the notable uncertainty within the crypto market, the fundamentals are there for SHIB to chart this ambitious price milestone. According to technical indicators, the RSI at 67 amplifies Shiba Inu’s bullish momentum before entering oversold territory, with the next price target for the SHIB token being $0.00003307. As whales and traders brace to boost their Shiba Inu allocation, as witnessed by a 27% growth in trading volume to over $3.3B, SHIB developers have also intensified community-metric innovations.

This might help push Shiba Inu’s price performance even further. With updates on reward campaigns and notifications for scam alerts, the team aims to create a strong yet connected community for the project. The meme coin hopes to continually close the gap it maintains with Dogecoin as both tokens intensify the fight for dominance within the market.

Will DOGE, SHIB, And LNEX Maintain An Upward Trajectory?

Dogecoin, Shiba Inu, and Lunex Network are set to continue on a bullish trajectory while targeting new highs in December. With such an impressive gain, Lunex Network will certainly eye the $1 target before its official launch, making it one of the top presale tokens of 2024.

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

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