In a recent price correction on the Dogecoin network, whale investors took advantage of the opportunity to accumulate over 210 million DOGE tokens. As this highlights strong investor confidence in the Dogecoin (DOGE) token and the broader memecoin market, optimism is also building for Shiba Inu to join in on the imminent price upsurge.
Meanwhile, savvy investors are counting themselves lucky to have found a low-cap DeFi gem called Lunex Network. Seeing as it introduces robust crypto exchange features to the DeFi market, market analysts predict a high price upsurge of up to 50x upon its public launch, which is scheduled to take place soon.
Dogecoin Price Is Set to Skyrocket Amid Whale Accumulation
A recent X (formerly Twitter) post by Ali Martinez just highlighted the massive whale accumulation that happened on Dogecoin network. After Dogecoin (DOGE) price pumped to an impressive mark above $0.40 a few days back, the token started consolidating with its price retracing to lower levels.
Amid this market pullback, Dogecoin whales accumulated over 210 million DOGE tokens, raising eyebrows in the meme coin market. Retail investors are positive that this signals high price confidence for the Dogecoin token while analysts are positive that the price of DOGE will eventually skyrocket following this high purchase.
CryptosRus has particularly hinted that Dogecoin could be in for another massive rally like in 2020. In the meantime, the price of Dogecoin maintains a generally bullish outlook with about 330% year-to-date surge; albeit, it has declined by 2% in the past month and nearly 5% in the past week, due to recent consolidation.
Shiba Inu Token Display Potential For Parabolic Run
Shiba Inu (SHIB) has had its fair share of whale accumulation in the few days, where over its whale activity jumped up by a whopping 700%, as reported by Whales HQ. Beyond this, the Shiba Inu price just pumped by over 6% raising its year-to-date gain above 200%.
SHIB token is also receiving a highly positive price sentiment this bull run, with analyst Astekz, recently hinting at a possible parabolic run in Shiba Inu price from now. Interestingly, Shiba Inu token has just confirmed yet another bullish pattern according to recent price analysis by Javon Marks.
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Javon further speculated a 180% surge for Shiba Inu as with its value hitting and surpassing $0.000081. For the record, Shina Inu (SHIB) is currently holding in a weekly price range between $0.369 and $0.475, but holds more potential to lead meme coin market gains.
Lunex Network Is Poised To Top Presale Gains And Deliver Massive ROIs After Rounding Up ICO
Lunex Network has established a strong presence in the presale market with its impressive ICO performance positioning it as the next breakthrough token this bull cycle. Considering its complete focus on privacy where investors don’t need to fulfill any KYC requirements, Lunex Network is primed for a high adoption rate. Besides, many investors are drawn by its growth potential given its enhanced ability to trade over 50K crypto assets across multi-chains.
This new DeFi entrant connects 40+ blockchains on its non-custodial network, eliminating the need for third-party wallets when users try to trade or swap cryptocurrencies. Moreso, due to its streamlined swapping model investors can complete transactions in seconds. In addition to this, Lunex Network adopts a revenue share model that rewards users with 50% of its generated inflows.
At the moment, the price of its native token, LNEX is pricing at $0.0044 during its presale after jumping by roughly 250% in the past few months and fundraising $5 million. Overall, Lunex Network presents a promising investment opportunity as expectations push for a 300% total pump by the end of Q4. With more room for growth, investors are rushing to capitalize on this potential to rally exponentially in the DeFi market.
Is Lunex Network A Better Investment Than Dogecoin?
Although Dogecoin has established itself as a strong investment opportunity, with its current network developments signaling its potential to keep progressing. On the other hand, Lunex Network is emerging as a top DeFi exchange with more practical uses than Dogecoin could hope to have. This portrays LNEX as a better investment option than DOGE as it could outperform it in the long run.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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