The post New DeFi Token To Mirror Ethereum-Based Token SHIB Monumental Price Rally; Analyst Predicts up to 10x Surge by Launch appeared on BitcoinEthereumNews.com.

Lunex Network is poised to replicate the monumental price rally of Ethereum-based Shiba Inu, with analysts predicting a potential surge of up to 10x by its launch. Since its launch in August 2020, Shiba Inu (SHIB) has retained its leading position as Ethereum (ETH) Network’s largest memecoin. With a total market cap of $10.42B and an all-time price increase of over 1.3M%, Shiba Inu currently ranks highly among the top meme coins, second only to Dogecoin with nearly $16B worth of market capital. Given its impressive portfolio, Shiba Inu has become a point of reference to most presale tokens with the similar growth potential. A noticeable example is the Lunex Network (LNEX) which plans to mirror Shiba Inu’s presale success. However, unlike the canine-themed meme coin with no real utility, Lunex Network is addressing a major DeFi challenge. Lunex Network Institutional Features Pull In Early Backers Lunex Network plans to storm the DeFi market and provide a solution to most bottlenecks faced by exchange platforms. By connecting isolated blockchains together, Lunex Network will allow users trade over 50K cryptocurrencies between multiple chains at the lowest fees while speeding up the transactional process. But that’s not the best part. The DeFi protocol’s main allure lies in its non-custodial approach, eliminating the need for KYC or third party wallets like TrustWallet and MetaMask. As an alternative, Lunex Network provides an inbuilt crypto wallet that comes with a portfolio tracker. Added to this list is the custom merchant payment gateway that allows businesses to incorporate crypto payment and convert their digital assets to fiat instantly. Meanwhile, considering its community-focus approach, Lunex Network also rewards its users with its revenue share model that delivers an 18% APY in passive income. Currently selling for $0.0013 in the second stage of its presale, the native $LNEX…

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Filed under: News - @ October 11, 2024 8:28 pm