Profits from meme coins like Shiba Inu and Pepe Coin are finding their way into Ethereum-based DeFi projects, with Lunex Network emerging as a standout destination.
Investors are shifting focus toward Lunex Network, drawn by the potential for long-term growth and innovative use cases. This trend signals a shift from speculative meme coins to decentralized finance possibilities and utility-driven investments in the developing crypto industry.
Could Shiba Inu (SHIB) Hit $1 Soon?
Crypto analyst Javon Marks has shared a chart reading for Shiba Inu on X, pointing to a hidden bullish divergence pattern. He says this might drive Shiba Inu above its 2021 highs in the coming weeks. Shiba Inu has soared 35% within the last month to $0.00002534. The big question remains whether Shiba Inu can reach $1. This is unlikely in the short term due to its $14.3 billion market cap and massive supply of 589 trillion tokens. However, the Shibburn mechanism provides hope.
By systematically burning tokens, this process increases scarcity and could drive up the price. For the $1 target to become realistic, the mechanism would need to burn billions of tokens daily over the next few years. While Shiba Inu could set a new all-time high by year-end, projects like Lunex Network might offer better growth opportunities. With a smaller market cap, Lunex Network has much more room to rise.
Is Pepe (PEPE) Selling Pressure Over?
Pepe experienced a sharp drop after its impressive rally two weeks ago. Over the past week, Pepe Coin’s price declined by more than 4%, and its market cap decreased by 3.85%. Analysts now view Pepe Coin as highly volatile, with the token still sitting in the overbought zone.
This decline was partly caused by selling pressure from a Pepe Coin whale. The whale took advantage of Ethereum’s price drop to increase their ETH holdings. SpotOnChain data reveals the whale sold $1.53 million worth of PEPE tokens and used the proceeds to buy 448.1 ETH.
Within three days, the whale sold 130.2 billion Pepe Coin tokens for $2.71 million, receiving 891 ETH in exchange. Despite these sales, SpotOnChain reports the whale still holds 3.241 trillion PEPE tokens. Market experts predict further declines in Pepe Coin’s value in the coming days due to ongoing selling pressure.
Why Analysts Predict Lunex Network Could Outperform Competitors in the DeFi Space
Lunex Network is creating a non-custodial crypto exchange for seamless token swaps. The platform enables users to trade coins across networks without relying on centralized exchanges. Lunex Network supports anonymity while offering fast transactions and low fees. By eliminating traditional onboarding requirements, the platform reduces barriers to entry, making crypto trading more appealing for those who prioritize privacy and convenience.
For advanced features, Lunex Network offers Lunex Pro, a subscription-based service. Subscribers benefit from cashback on trades and Wallet addresses AML checks. This service caters to anonymous users and those seeking additional capabilities for trading operations.
Lunex Network’s native token $LNEX is important to the ecosystem. Token holders earn staking rewards based on the lockup period. The project is currently in its presale phase with the value of $LNEX surging by over 175%, reaching $0.0033. The project has raised over $3.6 million so far and aims to secure $5 million before the presale ends. Analysts rank $LNEX as one of the top tokens to invest in due to its utility.
While Shiba Inu and Pepe Coin are two top meme coins, Lunex Network could experience even more growth in the weeks ahead. Experts predict $LNEX may increase in value within months. They also foresee a potential 1,800% gain after its listing on major exchanges, thanks to its connection to a leading DeFi project.
You can find more information about Lunex (LNEX) Network here:
- Website: https://lunexnetwork.com
- Socials: https://linktr.ee/lunexnetwork
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
