Frustrated memecoin investors switch from Shiba Inu And Dogecoin to Lunex

The memecoin markets’ lack of returns has led Shiba Inu and Dogecoin investors to diversify into new projects like Lunex.

Shiba Inu whale activity has been on the rise recently, indicating bullish sentiment among major investors. Likewise, Dogecoin’s technical indicators also paint a nice picture as a dog-based meme leads to a recovery.

Amid these sentiments, savvy traders are quickly turning to better-performing altcoins like Lunex Network’s new DeFi cryptocurrency exchange. Even before its launch, the Lunex Network is expected to overtake Uniswap’s position as the market-leading decentralized exchange. Analysts are already predicting a 1,500% gain for the Lunex network by the end of 2024. Let’s see why!

The Shiba Inu is deep in the bearish zone

Shiba Inu (SHIB) recently reclaimed the top 10 cryptocurrency list with its market capitalization consistently rising over the past 30 days. During this uptrend, the Shiba Inu experienced a massive 287% increase in whale activity.

The Shiba Inu is trading at $0.0000191 after rising 13.49% on the day. Since the Shiba Inu is trading above its major simple moving averages, the technical indicators for the Shiba Inu are currently painting a bullish picture. With the Shiba Inu’s RSI in oversold territory, analysts are anticipating larger gains in the Shiba Inu’s price before a potential reversal.

Dogecoin is losing momentum

Even when the cryptocurrency market has fully recovered recently, Dogecoin (DOGE) has struggled in the red. With the token now above breakeven, analysts believe that Dogecoin may soon face profit-taking pressure. At press time, Dogecoin was trading for $0.1231 after an 8% increase on the day.

Although Dogecoin’s current price is below the 50, 100, and 200-day simple moving averages, Dogecoin’s trading volume has increased by more than 15%. These exchange inflows may indicate heavy selling in the coming weeks which could push Dogecoin price lower to the support trend line of $0.05903.

Lunex network steals memecoin hype with unique exchange

With meme currencies like Shiba Inu and Dogecoin losing traction, all eyes are on Lunex Network’s new decentralized cryptocurrency exchange. While traditional exchanges struggle to provide multi-blockchain compatibility, Lunex Network is ready to usher in a new era of cryptocurrency trading with instant spot trading across multiple blockchains at low costs. Since Lunex Network offers more than just another cryptocurrency exchange, analysts believe that this new DeFi gem could surge over 1,500% during the pre-sale stages.

The best part about using Lunex Network is that there are no KYC checks. Instead of worrying about data leaks or security breaches, Lunex Network users simply select two cryptocurrencies they want to exchange, enter the wallet address, and receive the new crypto with the click of a button.

Aside from simplifying cryptocurrency exchanges, the Lunex network also provides exclusive features such as a merchant payment gateway for merchant transactions and access to 65+ RPC nodes for all kinds of decentralized web3 application development needs. This means that the Lunex network attracts not only ordinary traders, but also large companies and developers who can benefit from its smart contract capabilities.

If these in-app features weren’t revolutionary enough, Lunex Network also provides a long-term benefit through its native LNEX token. By staking on LNEX for as little as 30 days, traders can earn weekly passive income through staking bonuses of 18% APY.

With these features, it is no surprise that Lunex Network will dominate the entire cryptocurrency exchange market by 2025. Currently in the first phase of pre-sale, Lunex Network is selling at a very low price of $0.0012 per token, making now the perfect time. To invest before the price rises further.

For more information, visit The official website of the Lunix network Or join Online community.