Memecoins Pepe (PEPE) and Shiba Inu (SHIB) Gain Momentum, Lunex Network (LNEX) DeFi Protocol Emerges as a Contender

Lunex Network’s DeFi protocol is gaining momentum, particularly among holders of memecoins like Pepe and Shiba Inu (SHIB).

Memecoin enthusiasts and early adopters of Lunex Network (LNEX) are celebrating impressive gains of up to 58%, attracting attention from the broader crypto community. As Pepe (PEPE) and Shiba Inu (SHIB) continue to show resilience, here's a closer look at their recent performance and the role of Lunex Network in decentralized finance.

Pepe (PEPE) Price Analysis: Rising Over 20% In 30 Days

The Pepe (PEPE) token has shown remarkable resilience, rising over 20% in the last month and continuing to trade above the $0.0000079 level throughout October. This sustained recovery from previous lows has instilled renewed confidence among PEPE holders.

Recently, Pepe tested a key resistance at $0.000011, buoyed by an influx of liquidity in the market. Technical indicators, such as the moving averages and Bollinger Bands, suggest a cautiously positive outlook, as ongoing buying pressure is signaling trader optimism. The Pepe price chart also shows higher highs and lows, while the Relative Strength Index (RSI) is neutral, hinting at the possibility of further gains. Adding to the momentum, a “golden cross” has formed on the Pepe price chart, further supporting a bullish forecast for PEPE.

Shiba Inu (SHIB) Price Analysis: Can SHIB Break Past The $0.000019 Resistance Level?

Shiba Inu (SHIB) is facing a challenging market with shifting activity trends. While token burns have increased significantly, aiming to reduce the circulating supply, the market reaction has not been as strong as in the past. Over the past week, Shiba Inu traded above $0.000016, climbing over 3% in value.

Shiba Inu's large-scale transactions, which were observed earlier this month, have also dropped significantly, moving from over 300 to just 88 in a few days. This decline in large-scale transactions among major holders is limiting Shiba Inu's ability to break through key resistance levels. Specifically, SHIB has struggled to surpass the $0.000019 mark.

In contrast to the shifting market activity, a recent 124% increase in Shiba Inu's burn rate is signaling an effort to reduce the supply and potentially enhance the value of each SHIB token. This aggressive approach is beginning to show on the price chart, as Shiba Inu is attempting to break past the $0.000019 resistance level.

Lunex Network (LNEX) Multi-Chain Feature Gives It An Advantage Over Competitors

As a hybrid exchange, Lunex Network (LNEX) supports token exchange across over 20 blockchain platforms. In comparison to other decentralized exchanges that are limited to one blockchain, such as Uniswap on Ethereum or PancakeSwap on Binance Smart Chain, Lunex Network allows users to trade tokens from thousands of cryptocurrencies without needing to switch platforms, ultimately lowering transaction costs.

Moreover, Lunex Network offers a range of benefits to $LNEX holders. $LNEX token holders enjoy discounted transaction fees and access to premium features, including liquidity mining and node leasing privileges. These incentives encourage deeper engagement with Lunex Network's advanced features, such as cross-chain trading capabilities.

As a cross-chain platform offering significant perks to users, Lunex Network adds convenience and value. Currently, one $LNEX token costs $0.0019 in stage 5 of the presale, and experts predict its value could rise by 500% in Q4.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

This article is paid for and provided by Lunex Network. The Cryptonomist did not write the article nor test the product. The Cryptonomist is not responsible for the product quality, services provided or statements made in this article.