Lunex Network is poised to replicate Ethereum-based Shiba Inu's incredible price surge, with analysts predicting it could rise up to 10x in price by its launch.
Since its launch in August 2020, Shiba Inu (SHIB) has maintained its leading position as the largest meme coin on the Ethereum (ETH) network. With a market capitalization of $10.42 billion and an all-time record price increase of over 1.3 million percent, Shiba Inu currently ranks among the top meme coins after Dogecoin, which has a market cap of approximately $16 billion.
Given its impressive portfolio, Shiba Inu has become a reference point for most pre-sale tokens with similar growth potential. A notable example is Lunex Network (LNEX), which plans to mirror the success of Shiba Inu pre-order sales. However, unlike dog-themed meme coins with no real utility, Lunex Network is tackling a big challenge in DeFi.
Lunex Network’s organizational features attract early backers
Lunex Network plans to enter the DeFi market and provide solutions to most bottlenecks faced by exchange platforms. Lunex Network connects separate blockchains to each other, allowing users to trade over 50,000 cryptocurrencies across multiple chains with the lowest fees while speeding up the transaction process. But that's not the best part.
The main appeal of DeFi protocols lies in their non-custodial approach, eliminating the need for KYC and third-party wallets such as TrustWallet and MetaMask. As an alternative, Lunex Network offers a built-in crypto wallet with a portfolio tracker. Added to this list is a custom merchant payment gateway that allows businesses to incorporate cryptocurrency payments and instantly convert digital assets to fiat.
Lunex Network, on the other hand, rewards users with a revenue-sharing model, given its community-focused approach. 18% Passive Income APY. The native $LNEX token, currently selling for $0.0013 in the second phase of its pre-sale, has raised over $645,000 in pre-sale funding, with analysts pegging it up to over $645,000. 10 times The number increased sharply at the launch.
Shiba Inu price trends reflect a bullish life cycle
The early dog-themed meme coin has enjoyed a bullish price lifecycle. This is evident in the all-time high price increase of over 1.3 million%. This type of price movement is difficult for most altcoins, but Shiba Inu's ability to maintain this level of bullishness is definitely exceptional.
Over the past year, the native SHIB token has gone the extra mile to increase its profits even further, registering an increase of over 153% despite significant market fluctuations. For further explanation, SHIB price previously reached a year-to-date high of $0.000035 before plummeting to the current price range below $0.000020.
In any case, the top meme coins have managed to maintain some gains while retreading past highs. With a weekly price range of $0.000016 to $0.000018, SHIB price reflects an increase of over 6% over the past week and an increase of just over 32% over the past month.
Ethereum price recovery faces notable resistance below the $2,450 price mark
The Ethereum (ETH) network has been under a lot of criticism mainly due to its gradual decline since reaching its 7-month ATH of $4,066. At the time, there was strong optimism among community members with high hopes that the leading altcoin would retest the $4.891 ATH and possibly set a new price record along those lines.
However, contrary to popular opinion and harsh market realities, the price of the native ETH token appears to be gradually declining. With only a 5% increase over the past month, ETH price remains generally bearish, trading within a weekly price range of $2,455 to $2,451.
Meanwhile, the current ETH price is down nearly 10% from its 100-day EMD of $2,712, suggesting relatively strong bearish momentum. This casts further doubt on the likelihood of a bullish fourth quarter. However, given the growth in activity within the network, the ETH token could still witness a significant price recovery.
Could Lunex Network Mirror SHIB's monumental price rise?
The Shiba Inu has recorded the highest price increase of any digital asset, second only to Bitcoin. Among several altcoins aiming for similar success, Lunex Network stands out for its unique crypto exchange capabilities.
This pre-sale star, which intends to redefine cryptocurrency trading in the DeFi market, has been hit by a significant price hike and could outrank Shiba Inu and other altcoins that do not have a strong practical purpose. there is.
Learn more about Lunex Network (LNEX) here.
Website: https://lunexnetwork.com
Social: https://linktr.ee/lunexnetwork
This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before acting on the information presented in this article.
