The Lunex Network is making waves with plans to emulate the monumental price rally of Ethereum-based Shiba Inu (SHIB). Enthusiastic analysts are forecasting an impressive 10x surge upon its launch.
In August 2020, Shiba Inu (SHIB) first emerged as a frontrunner in the Ethereum (ETH) Network’s extensive list of memecoins. With a staggering market capitalization of $10.42 billion and an all-time price increase exceeding 1.3 million percent, Shiba Inu has claimed its spot among the most renowned meme tokens, only trailing Dogecoin, which boasts a market cap nearing $16 billion.
Shiba Inu’s phenomenal growth trajectory has set a high benchmark for upcoming presale tokens with similar aspirations. The Lunex Network (LNEX), which aims to replicate Shiba Inu’s presale triumph, is drawing significant attention. Unlike the canine-themed token that lacks tangible utility, Lunex Network uniquely addresses pressing challenges in the DeFi space.
Lunex Network: Innovative Features Attract Early Support
Lunex Network is set to revolutionize the DeFi market by tackling common issues encountered by exchange platforms. By seamlessly connecting isolated blockchains, it will enable trading of over 50,000 cryptocurrencies across multiple chains, offering minimized fees and accelerated transactions. This is not just the beginning.
The protocol’s standout feature is its non-custodial framework, eliminating the necessity for KYC or third-party wallets like TrustWallet and MetaMask. Also, Lunex Network provides an integrated crypto wallet, equipped with a portfolio tracker. In addition, it offers a custom merchant payment gateway for businesses to accept crypto payments and convert digital assets to fiat seamlessly.
Moreover, with its community-focused strategy, Lunex Network rewards users through a revenue-sharing model that offers an 18% APY in passive income. Now available at $0.0013 in the presale’s second stage, the native $LNEX token has successfully garnered over $645K in presale funding. Analysts expect its launch to result in a significant 10x increase.
The Bullish Journey of Shiba Inu’s Price
Shiba Inu, one of the pioneering canine-themed meme tokens, has experienced a robust bullish life cycle, evident from its all-time price jump of over 1.3 million percent. Such price trajectories are scarce among altcoins, and Shiba Inu’s ability to maintain this momentum is indeed remarkable.
Over the past year, SHIB has compounded its gains by over 153%, even amidst market fluctuations. Notably, the SHIB price reached a yearly peak of $0.000035 before adjusting to its current range below $0.000020.
Even with market downturns, top meme coins have shown resilience. Currently, SHIB trades between $0.000016 and $0.000018 weekly, displaying an over 6% increase in the last week and a 32% rise in the previous month.
Challenges in Ethereum’s Price Revival
Ethereum (ETH) has faced scrutiny due to its downward trend since hitting a 7-month high (ATH) of $4,066. Community optimism led to expectations for a retest of the ATH of $4,891. However, market forces and realities have pointed towards a continued decline.
Although ETH has seen a slim 5% growth in the past month, its price remains largely bearish, fluctuating between $2,455 and $2,451 weekly. This is roughly 10% below its 100-day EMD of $2,712, underscoring a strong bearish sentiment. Despite this outlook, the ongoing activity within the network might trigger a sizeable upswing.
Can Lunex Network Follow SHIB’s Incredible Price Rally?
Shiba Inu’s staggering performance is unmatched among digital assets, second only to Bitcoin. Among various altcoins aiming for similar success, Lunex Network stands out with its distinct crypto swapping capability.
By aspiring to transform transactions within the DeFi landscape, Lunex Network is positioned for remarkable growth, which could surpass both Shiba Inu and other altcoins lacking substantive utility.
Find more about Lunex Network (LNEX):
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
This sponsored article reflects the opinions exclusively of the sponsor. Readers are encouraged to conduct their own research before making any decisions based on the information provided.
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