Elon Musk's viral audio chat boosts Dogecoin, Shiba Inu surges on burn rate, while Lunex Network emerges as a potential DeFi breakout star

Elon Musk’s viral audio chat boosts Dogecoin, Shiba Inu surges on burn rate, while Lunex Network emerges as a potential DeFi breakout star.

Elon Musk’s recent viral audio chat has sent the crypto market into a frenzy. As expected, the news sent Dogecoin price flying even further away from its quarterly high. SHIB is also experiencing increased interest, and many are speculating a potential breakout.

Amid all these excitements, another cryptocurrency is emerging as a potential breakout star—Lunex Network. While investors are preoccupied with Dogecoin and Shiba Inu, a closer look at the emerging crypto reveals a compelling investment opportunity in a crypto market that continues to evolve. The hot new crypto is positioned to make significant achievements in the coming months with its unique features and strong community support.

Lunex Network: A hot new crypto transforming DeFi

As the crypto market continues to expand and new projects emerge, keeping up with the latest and greatest can be overwhelming. But if you’re looking for a hot new crypto that’s making waves in the DeFi space, then you need to know about Lunex Network.

The platform and its transformative dreams to address DeFi challenges have continued to attract attention. At its core, Lunex aims to simplify complex DeFi interactions, enhance security, and address liquidity challenges. Compared to traditional decentralized exchanges, Lunex has a simple interface that doesn’t require technical expertise.

Moreover, it’s designed to be user-friendly, even for beginners. The platform provides a seamless onboarding experience and an intuitive interface that makes it easy to navigate and trade. And with Lunex, you can trade a wide range of assets, including cryptocurrencies, stocks, commodities, and even NFTs—all on a single platform.

Lunex Network’s cross-chain interoperability enables seamless trading across various blockchains and expands the universe of tradable assets to over 50,000 trading pairs. The platform’s liquidity aggregator ensures deep liquidity by sourcing the best prices from multiple chains, which means more efficient and cost-effective trading.

Collectively, these features are making Lunex Network one of the most anticipated new crypto projects of 2023. The platform’s native token, LNEX, is currently available in a crypto presale that has already raised an impressive $2.95 million.

Lunex Network’s ongoing presale has sparked significant investor interest in the LNEX token which is currently priced at $0.0031. As the presale progresses and more investors discover Lunex Network, the demand for LNEX is expected to surge, potentially driving the token price up by over 100x in 2023.

Dogecoin price soars as Musk’s viral audio surfaces

Elon Musk has done it again. His recent viral audio chat has sent shockwaves through the crypto market. He seemingly confirmed his ownership of a significant amount of Dogecoin in the audio.

His past tweets and comments have been known to trigger dramatic price swings, which highlights his immense influence over the meme coin. After Musk’s audio chat, the Dogecoin price surged and broke through key resistance levels.

Technical analysts are now eyeing a potential breakout to the $0.50 level. The last time Dogecoin price approached the $0.5 zone was during the meme coin mania of 2021.

Burning passion ignites SHIB’s price surge

The bullish sentiment swirling through the meme market has raised bullish optimism for Shiba Inu. Just recently, the SHIB price surged 27% to a quarterly high of $0.000029. Although it has retraced to $0.000025, the MoM gain is still at an impressive 31%.

Analysts are optimistic about the future price performance of SHIB, with a prediction of a potential 80% increase in the short term.

An important catalyst behind this surge is the spiking SHIB burn rate. Over 410 trillion SHIB tokens have been burnt since the beginning of the year. This past week alone, the burn rate surged by over 115%.

This has, in turn, improved value—one that Shiba Inu has maintained with a good YTD gain.