Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have continued surging, recording significant gains over the past week. Dogecoin’s price is enjoying a 25% weekly surge following a recent mention by Elon Musk during Donald Trump’s campaign trail. Shiba Inu’s price performance has also recorded a significant monthly surge of over 40%, with its market cap having crossed over the $11B mark.
However, a new project has entered the chat, intending to flip Dogecoin and Shiba Inu. The Lunex Network protocol offers a one-stop shop for all DeFi-related transactions, with over 50K swappable currencies. With this, analysts predict it could surge by 1,800% in 2024.
Lunex Network: The New Exchange Set to Flip Meme Coin Giants
Lunex Network (LNEX) is gaining ground within the DeFi circle for its seamless interoperability, with over 50,000 swappable assets while charging low gas fees. The project has also grown in appeal as the world’s first DeFi crypto and swap exchange, offering a unique revenue-sharing model for its token holders.
Moreover, Lunex Network eliminates the need for users to connect third-party wallets, including Trust Wallet and MetaMask, eliminating the risks and hurdles of wallet integration. By simplifying the process, Lunex Network allows users to swap across multiple blockchains quickly and efficiently, reducing delays that might lead to significant financial loss within the fast-paced crypto market.
Combined with its deflationary tokenomics, these features will help propagate the Lunex Network token’s overall value. Just in stage three of its presale, where LNEX is going for just $0.0015, analysts predict it will grow by 100x in 2025, with potential gains in Q4 as the ‘Uptober’ bulls run heats up.
Dogecoin Price Rockets to New Heights
The Dogecoin (DOGE) price has surged by over 35% this month to trade at $0.14. Its price performance appears to be tied mainly to the Elon Musk hype.Elon Musk tweeted in response to a Los Angeles Times article discussing California restrictions on his SpaceX company.
From a technical perspective, Dogecoin’s bullish trend suggests a further upward momentum. The DOGE token recently broke out from its prevailing falling wedge pattern, characterized by two descending, converging trendlines. A falling wedge pattern typically resolves when the token price climbs decisively above the upper trendline and surges to a level equal to the maximum distance between the lower and upper trendlines.
Moreover, Dogecoin price has also entered a breakout stage of its falling wedge pattern, suggesting a 40% potential surge by the end of 2024. This puts the DOGE token upside target at around $0.192, aligning with the 0.86 Fibonacci level from its previous dip.
Shiba Inu (SHIB) Surges by Over 40% In A Month
Shiba Inu’s price has continued to enjoy surging momentum, with over 40% monthly gains to trade around the $0.0000188 mark. With technical indicators, including the double-bottom formation and the triangle pattern, being tested, the SHIB token shows impressive potential of hitting the $0.00000252 level by the end of October.
On the four-hour chart, the SHIB price has rebounded from the 38% Fibonacci level at $0.00000177. This suggests a bullish reversal from the 100-day EMA, as the meme coin is also testing the neckline of the double-bottom formation, which is at $0.00000189, to break through the 61% Fibonacci level.
Moreover, Shiba Inu has surpassed its short-term resistance trendline, strengthening its ongoing bull trend. The triangular formation also suggests an early breakout while signaling a double-bottom breakout. The MACD and signal lines for the SHIB price have also crossed into positive territory on the 4-hour chart. If the price of Shiba Inu breaks the 61% Fibonacci level, it might challenge its resistance trendline at $0.00000211, with a possibility of hitting its $0.00000252 target by the end of the year.
Can Lunex Network Outperform Dogecoin and Shiba Inu Price Performance?
Dogecoin and Shiba Inu’s impressive momentum is set to continue in Q4. However, Lunex Network is also gearing up for significant gains owing to its unique features, which are attracting large investors. The project offers businesses an interoperable blockchain bridge, allowing users to pool liquidity from one chain to the other at an affordable rate, making it an appealing option to many.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
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