A top analyst predicts Lunex Network will outpace DOGE and SHIB this cycle

Meme coins like WIF, BONK, and PEPE have surged, but analysts now predict Lunex could outpace SHIB and DOGE this cycle.

Meme coins and their viral appeal have been in the limelight since the start of the year. The likes of WIF, BONK and PEPE’s 1000% YoY growth even upstaged the struggling Shiba Inu (SHIB) and Dogecoin (DOGE) prices. However, the new DeFi ingenuity, Lunex, and user-friendly DEX solution have top analysts predicting it could outpace SHIB and DOGE’s one-hit wonder this cycle. Its cutting-edge multichain asset swapping technology and the new crypto presale success perfectly position Lunex to rival top meme coins’ virality. Read on to learn more.

Lunex Network surge: Whale interest, 70% uptick heats new crypto presale up

There’s always that distinctive difference between a fleeting fad and a solid, value-driven project. It’s the same reason anyone can’t compare memes’ fickle nature with Ethereum’s DeFi revolution and now the latest Lunex’s Ethereum-based hybrid exchange.

Right from its new crypto presale, Lunex Network has raised the dust. It features a multi-chain AMM DEX that blends the best parts of CEXs and DEXs. It’s no surprise! Its blend of unique features, purpose, and community. An approach that transcends SHIB and Dogecoin price’s mere satirical fad has rekindled the hope for a better and secure DeFi.

Passive income and myriads of DeFi products mean DeFi users can now earn big without risking a dime. That’s why its new crypto presale amassed a whopping $1.2M after surging 70% in mere weeks. At this pace, Lunex will undoubtedly blow past top analysts’ 2500% prediction and outpace SHIB and Dogecoin prices.

Dogecoin price pumped 34% following Elon Musk’s hype

For the umpteenth time, Dogecoin has been in the spotlight, thanks to its supportive community and speculative hype from Elon Musk. The Tesla boss’ casual yet influential remarks about the meme coin gave rise to Dogecoin’s price, which surged 34% to a four-month high of $0.145.

Musk’s ongoing contract with Dogecoin, especially its integration into future SpaceX missions and the Tesla ecosystem, has placed this once-joke cryptocurrency at the forefront of tech and financial innovation. However, Dogecoin’s price performance is no match for Lunex’s enigmatic presale rise. The 34% MoM boost is still a drop in the ocean compared to its 81% drop from ATH.

Shiba Inu at 50% below the yearly high. Can SHIB still grow?

Shiba Inu’s yearly performance closely mirrors Dogecoin’s price stagnancy this year. A slight first-quarter boost was followed by a massive decline, a chasm of difference that separates these giants from the meme market’s dominant reign this year. The dilemma continues. 

SHIB is 50% below its yearly high despite all signs pointing to a blissful end for SHIB. Over the past month, Shiba Inu added 25% off the skyrocketing activities in its Shibarium L2 protocol. Even the recent spike in whale activities couldn’t stop  Shiba Inu from reeling below $0.00002.

Conclusion

Meme coins like DOGE and Shiba Inu brought fun and a renewed focus on community support. But their momentum stalling simply means it’s time to doff hat for true features that coins like Lunex Network bring. Right now, Lunex is positioning itself not just to compete but to potentially outpace the giants of the meme coin world. Its new crypto presale is seeing massive whale interest – over $1.2M raised, and the price is still at a discounted $0.0017.

For more information, visit the Lunex Network official website and join the online community for the latest updates.

This article first appeared at crypto.news