Dogecoin and Solana Whales Shift Focus to New DeFi Coin with 1,800% Growth Potential
In a surprising turn of events, large holders of Dogecoin (DOGE) and Solana (SOL) have been discreetly acquiring a new DeFi token, Lunex Network (LNEX). The presale of Lunex Network has already surpassed $870,000, fueled by increasing whale activity.
The growing interest from these major investors follows predictions from analysts, who project that Lunex Network could surge by as much as 1,800% by the end of the year. This bullish outlook has prompted many Dogecoin and Solana holders to make significant bets on the emerging DeFi project.
Dogecoin Breaks 11-Day Consolidation
Dogecoin, the leading memecoin by market capitalization, has recently broken out of an 11-day consolidation phase, which had been ongoing since October 3. According to CoinMarketCap data, DOGE is now showing gains on both weekly and monthly charts, trading above the $0.114 level.
However, the cryptocurrency faces resistance at $0.115. Should it breach this barrier, it could set its sights on the 200-day simple moving average (SMA) at $0.121016, as per TradingView data. While the current momentum for Dogecoin remains bearish, some analysts are optimistic about its future price movement. A popular analyst known as TheDogeCoach even shared a chart on X (formerly Twitter), projecting a potential price surge to $1.20.
Solana’s On-Chain Activity Soars
Meanwhile, the Solana network has seen a significant increase in on-chain activity over recent weeks, following a period of relative dormancy. According to data from SolanaFloor, the network’s Weekly Active Addresses have reached a record high of 30.5 million.
The chart posted by SolanaFloor shows that the metric has been climbing steadily since January, with a sharp increase observed in August. Solana has also outpaced Ethereum in weekly decentralized exchange (DEX) trading volumes. While Solana recorded $8.644 billion in weekly trading volume, Ethereum trailed slightly behind at $8.28 billion. Solana’s price has also been on the rise, crossing the 200-SMA at $145.90 to hit a weekly peak of $158, according to CoinMarketCap.
Lunex Network: A Game-Changer for Cross-Blockchain Swaps
Lunex Network is positioning itself as a decentralized solution for the challenges users face when swapping cryptocurrencies across blockchains. The platform supports the exchange of over 50,000 different cryptocurrencies, all without the need for Know Your Customer (KYC) protocols, making it user-friendly and accessible.
Lunex Network also introduces a revenue-sharing system for LNEX token holders, with 50% of revenue from swap transactions distributed as rewards. LNEX holders can further benefit from low trading fees and access to exclusive perks. Additionally, Lunex offers a comprehensive suite of DeFi services, including a B2B non-custodial payment gateway, which allows merchants to accept cryptocurrency payments and instantly receive fiat currency.
Given these unique features, it’s no surprise that whales from the Dogecoin and Solana communities are flocking to Lunex Network. Currently in the third phase of its presale, the LNEX token is priced at $0.0015, a 25% increase from its initial stage. Analysts predict that the value of LNEX could grow by 1,800% during the presale and as much as 5,000% upon launch, making it one of the most attractive investment opportunities in the crypto market.
Why Dogecoin and Solana Whales Are Bullish on Lunex Network
The growing excitement around Lunex Network stems from its strong potential for profit, as well as its innovative cross-chain swap capabilities. LNEX token holders also stand to benefit from staking rewards, trading discounts, and passive income opportunities, making it an appealing option for major investors in the DeFi space.
With Dogecoin and Solana whales leading the charge, Lunex Network is shaping up to be one of the most promising DeFi tokens to watch in the coming months.
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