Profits from meme coins like Shiba Inu and Pepe Coin are flowing into Ethereum-based DeFi projects, with the Lunex network becoming a standout destination.
Investors are turning to Lunex Network, attracted by the long-term growth potential and innovative use cases. This trend signals a shift from speculative coins to decentralized finance opportunities and utility-focused investments in the developing crypto sector.
Could Shiba Inu (SHIB) Hit $1 Soon?
Crypto analyst Javon Marks shared a chart reading for Shiba Inu on X, highlighting a hidden bullish divergence trend. He says this could drive the Shiba Inu above its 2021 highs in the coming weeks. Shiba Inu has climbed 35% over the past month to $0.00002534. The big question remains whether the Shiba Inu will be able to reach $1. This is unlikely in the near term due to its market cap of $14.3 billion and massive supply of 589 trillion tokens. However, Shibburn’s mechanism gives hope.
By systematically burning tokens, this process increases scarcity and could drive up the price. For the $1 target to become realistic, the mechanism will need to burn billions of tokens daily over the next few years. While Shiba Inu could reach a new all-time high by the end of the year, projects like Lunex Network could provide better growth opportunities. With a smaller market capitalization, Lunex Network has much more room to grow.
Is the Pepe (PEPE) Selling Pressure Over?
Pepe saw a sharp decline after his impressive rally two weeks ago. Over the past week, Pepe Coin’s price has fallen by over 4% and its market capitalization by 3.85%. Analysts now consider Pepe Coin to be very volatile, with the token still in the overbought zone.
This drop is partly caused by selling pressure from a Pepe Coin whale. The whale took advantage of the drop in Ethereum prices to increase its ETH holdings. SpotOnChain data reveals that the whale sold $1.53 million worth of PEPE tokens and used the proceeds to purchase 448.1 ETH.
In 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 that the whale still holds 3.241 trillion PEPE tokens. Market experts predict further declines in the value of Pepe Coin in the coming days due to continued selling pressure.
Why Analysts Predict Lunex Network Could Outperform Competitors in the DeFi Space
Lunex Network creates a non-custodial crypto exchange for transparent token trading. The platform allows 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 lowers the barriers to entry, making cryptocurrency trading more attractive to those who prioritize privacy and convenience.
For advanced features, Lunex Network offers Lunex Pro, a subscription service. Subscribers receive cashback on transactions and AML checks of Wallet addresses. This service is aimed at anonymous users and those looking for additional functionality for trading operations.
Lunex Network’s native $LNEX token is important to the ecosystem. Token holders earn staking rewards based on the lockup period. The project is currently in its pre-sale phase with the value of $LNEX having surged over 175%, reaching $0.0033. The project has so far raised over $3.6 million and aims to secure $5 million before the pre-sale ends. Analysts rank $LNEX among the best tokens to invest in due to its utility.
While Shiba Inu and Pepe Coin are two of the top coins, Lunex Network could see even greater growth in the coming weeks. Experts predict that the value of $LNEX could increase within a few months. They also predict a potential gain of 1,800% after its listing on major exchanges, thanks to its connection to a leading DeFi project.
You can find more information about the Lunex Network (LNEX) here:
Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.
