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Dogecoin and Solana whales are turning their attention to a new DeFi coin, which analysts predict has a 1,800% growth potential.
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In a surprising shift, Dogecoin (DOGE) and Solana (SOL) whales are quietly making moves, acquiring a new DeFi project: Lunex Network (LNEX). The presale of Lunex Network has crossed $870k as whale activity continues to rise.
Whale interest in LNEX has been rising following predictions from analysts that the token could rise by as much as 1,800% before the year ends. These predictions are why holders of Dogecoin and Solana are staking big on Lunex Network.
Dogecoin breaks out of 11-day consolidation
Dogecoin, the largest memecoin by market cap, has finally broken out of an 11-day consolidation pattern, which has been there since October 3. Based on CoinMarketCap’s data, DOGE is displaying profits on the weekly and monthly charts as it charts above $0.114.
Going forward, the Dogecoin crypto has a resistance at the $0.115 area. Crossing this resistance will allow it to aim higher for the 200-SMA ($0.121016), according to TradingView. Besides, the momentum around the Dogecoin token is bearish at the moment.
Even analysts are bullish about the future movement of the Dogecoin price and expect some gains to occur soon. TheDogeCoach posted a chart on X, which showed the value of Dogecoin pumping to $1.20.
Solana on-chain metrics skyrockets
The Solana network has recently experienced an uptick in network activity in the past few weeks after relative inactivity. The Weekly Active Addresses of the network, according to SolanaFloor, has hit a new record at 30.5 million addresses.
A look at the chart posted by SolanaFloor revealed the metric has been increasing since January but took a massive jump in August. In addition to this, Solana has outperformed Ethereum in weekly DEX trading volume.
While Solana had a weekly volume of $8.644 billion, that of Ethereum stood at $8.28 billion. According to CoinMarketCap data, the Solana price has been rising steadily in the past week, crossing the 200-SMA ($145.90) to reach a weekly peak of $158.
Lunex Network, swap coins across different blockchains with ease
Lunex Network is a decentralized ecosystem that focuses on problems individuals experience when swapping coins. Lunex Network will provide a platform where clients can exchange more than 50k cryptocurrencies across various blockchains. The platform is easy to use because it has no KYC requirements and is easy to use.
In addition to a simple and intuitive user interface, LNEX token holders are introduced to the platform’s revenue-sharing system in Lunex. 50% of the earned revenue from swapping activities is used to reward LNEX token holders and 50% for other exclusive rewards. Additionally, LNEX token holders can also swap tokens at very low trading costs.
In addition to the features above, Lunex Network has a wide range of DeFi services, especially for their B2B non-custodial payment processing gateway, where merchants can accept cryptocurrency payments on products & services and instantly receive fiat money.
With such features and benefits above, it is no surprise why Solana and Dogecoin whales are buying LNEX. The DeFi coin is in the third phase of its presale and is sold at $0.0015, an increase of 25% from stage one. Analysts forecast the value of LNEX will rise by 1,800% during the presale and 5,000% on launch day, making it a top crypto to buy now.
Why DOGE, SOL whales are excited about Lunex Network
The appetite for Lunex Network as the most promising crypto to buy for profit is rising as Dogecoin and Solana whales shift their attention to this project. Apart from the gains, Lunex Network also allows its users to swap coins across many blockchains. Those who have the LNEX coin can also enjoy rewards, discounts, and passive income from staking.
To learn more about Lunex Network, visit the website and its socials.
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