The meme coin market has been led strongly by high optimism as many enthusiasts are anticipating the massive surge that would occur when this year’s meme coin craze starts. In anticipation of this, savvy investors are positioning themselves with the likes of Pepe (PEPE) as it shows signs of surpassing Shiba Inu (SHIB) in its best case scenario.
In the past week, Pepe coin shed 14% whereas Shiba Inu has lost 8%. As investors consider Pepe, Lunex Network (LNEX) is also garnering massive attention in its presale market from both its super-excellent performance and a lucrative DeFi ecosystem which supports multi chain asset swaps.
Pepe Coin Dwindles As Its Price Portrays a BearishTrajectory
The price of PEPE has fallen by over 14% in the past week, from levels around $0.00002096 to below the crucial $0.000019 range again. This dip contributed to a 26.42% monthly loss in the price of PEPE, however the token still hangs 37.16% lower than its all-time high record of $0.000002825.
At the moment, the Pepe coin is moving within a week-to-date range of $0.0000177 – $0.00002126. Its trading volume has dropped by 30%, showing decreased activity on its network. However, considering its smooth trajectory in the last bullish market, Pepe stands as one of the top meme coins with potential to price higher in the next bull market.
A top analyst, JAVON MARKS, recently talked about how Pepe has been portraying major strength in the current crypto market. He further insinuated that Pepe is on a journey to hit a target of $0.0000375. Another prediction from ChandlerCharts sighted that Pepe could hit a target of $0.000042.
Shiba Inu Price Dwindles, Showing Weak Momentum
Shiba Inu (SHIB) has always been revered as a top choice in the meme coin market with a strong community and emerging utilities that are poised to further its growth. However, the dog-themed meme coin has been struggling to reach significantly higher heights as of late.
At the moment, SHIB holds a weekly range of $0.00002061 and $0.00002282, while reflecting about 18% monthly drop. Shiba Inu price has however made slight progress in the past week as it recently jumped by 5% in the past week, which was triggered by a 46% spike in its trading volume. This development further attracted nearly 8% pump to its market cap.
According to The Moon Show, Shiba Inu is still within an ascending triangle. The analytic page further hinted that Shiba Inu price is poised to hit a target of $0.000056. This will signify a massive jump in the price of Shiba Inu, almost up to 147% from its current position.
Lunex Network Is Poised For DeFi Domination With Its Lucrative DeFi Ecosystem
Due to its high interoperability and access to swaps across more than 50,000 assets and up to 40 different blockchain networks, Lunex Network (LNEX) is posing as another multichain exchange platform with high growth potential. The new DeFi project has attracted massive interest in its presale by fundraising over $6.2 million, while having progressed by over 350%, moving from $0.0012 to $0.0054.
Lunex Network is mostly adored for its non-custodial nature, allowing users to have full control over their assets, without having to deal with third-party apps. Additionally, Lunex Network provides its users with a Portfolio Tracking app for them to track their crypto assets while also assisting them with updating market insights. The platform also rewards users from the revenue it accumulates from its exchange protocol.
Meanwhile, its native token, LNEX, adopts a deflationary mechanism, meaning its token supply decreases over time through a burn mechanism. This paints Lunex Network as a top DeFi coin with significant growth potential as its decrease in supply is bound to cause its value to appreciate from high demand. At the moment, over 2.4 billion of these tokens have been sold in its presale, highlighting its bullish potential in the DeFi market.
Can Lunex Network Achieve and Surpass Shiba Inu Market Cap By 2025?
As a robust DeFi project with an innovative and lucrative ecosystem, deflationary tokenomics, and rapid presale growth, Lunex Network sure has the potential to rival Shiba Inu’s market cap by 2025. However, this will depend on sustained investor interest and its ability to scale within the competitive DeFi market.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
