Lunex Network (LNEX) Plans to Mirror Shiba Inu's (SHIB) Monumental Price Rally

Since its launch in August 2020, Shiba Inu (SHIB) has retained its leading position as Ethereum (ETH) Network’s largest memecoin.

Shiba Inu (SHIB) has retained its position as Ethereum Network’s largest memecoin since its August 2020 launch. With a total market cap of $10.42B and an all-time price increase of over 1.3M%, Shiba Inu currently ranks highly among the top meme coins, second only to Dogecoin with nearly $16B worth of market capital.

Given its impressive portfolio, Shiba Inu has become a point of reference to most presale tokens with the similar growth potential. A noticeable example is the Lunex Network (LNEX) which plans to mirror Shiba Inu’s presale success. However, unlike the canine-themed meme coin with no real utility, Lunex Network is addressing a major DeFi challenge.

Lunex Network Institutional Features Pull In Early Backers

Lunex Network plans to storm the DeFi market and provide a solution to most bottlenecks faced by exchange platforms. By connecting isolated blockchains together, Lunex Network will allow users trade over 50K cryptocurrencies between multiple chains at the lowest fees while speeding up the transactional process. But that’s not the best part.

The DeFi protocol’s main allure lies in its non-custodial approach, eliminating the need for KYC or third party wallets like TrustWallet and MetaMask. As an alternative, Lunex Network provides an inbuilt crypto wallet that comes with a portfolio tracker. Added to this list is the custom merchant payment gateway that allows businesses to incorporate crypto payment and convert their digital assets to fiat instantly.

Meanwhile, considering its community-focus approach, Lunex Network also rewards its users with its revenue share model that delivers an 18% APY in passive income. Currently selling for $0.0013 in the second stage of its presale, the native $LNEX token has pulled over $645K in presale funding, with analysts predicting up to 10x surge by launch.

Shiba Inu Price Trajectory Reflects a Bullish Life Cycle

The earliest canine-themed meme coins have enjoyed a bullish price life cycle which is evident in its all-time price increase surpassing 1.3M%. While this type of price trajectory is hard to come by in most altcoins, Shiba Inu’s ability to sustain this level of bullishness is unarguably an exceptional one.

In the past year, the native SHIB token has made further effort to compound its gains, registering over 153% increase despite noticeable market fluctuations. To add more context, SHIB price had previously reached a year-to-date peak price of $0.000035 before nose diving to its current price range below $0.000020.

Regardless, the top meme coins have managed to retain some gains while reattempting previous highs. With a weekly price range of $0.000016 and $0.000018, SHIB price reflects over 6% increase in the past week and a little above 32% in the past month.

Ethereum Price Recovery Faces Noticeable Resistance Below the $2,450 Price Mark

The Ethereum (ETH) Network has been subjected to a lot of criticism largely because of its progressive decline since hitting a 7-months ATH of $4,066. At the time, there was a strong optimism among community members who had high hopes for the leading altcoin to retest its ATH of $4.,891 and probably set a new price record along the line.

However, contrary to popular opinion, as well as harsh market reality, the price of the native ETH token has embarked on what appears to be a progressive decline. With barely 5% increase in the past month, ETH priceremains generally bearish as it trades within a weekly price range of $2,455 and $2,451.

Meanwhile, the current ETH price is nearly 10% down from its 100-days EMD of $2,712, which suggests a relatively strong bearish momentum. This has further cast a shadow of doubt about the potential for a bullish Q4. Although, considering the growing activities within the network, ETH token may still witness a major price resurgence.

Can Lunex Network Mirror SHIB Monumental Price Rally?

Shiba Inu has recorded one of the highest price gains by a digital asset, second to only Bitcoin. Among several altcoins pushing for similar success, Lunex Network stands out for its unique crypto swapping feature.

With an intent to redefine crypto transactions in the DeFi market, this presale star has been tipped for enormous price surge which may place it above Shiba Inu and other altcoins with no strong utility purpose.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork

This is a sponsored article.

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