Shiba Inu and Pepe are some of the top meme coins that are feeling the effect of the shift in investors’ sentiment in the meme coin market. While these big dogs struggle to hold their ground, Lunex has emerged and is capturing people’s attention. Lunex is the next big crypto in 2024, and its presale is rapidly gaining momentum. Why is Lunex the most promising cryptos to watch out for in 2024? Let’s find out.
Lunex network: A promising crypto to watch out for amidst market turbulence
Lunex Network (LNEX) is a revolutionary crypto project, and investors are already falling in love with its wide array of benefits. The project provides a smooth and efficient trading experience for investors with its zero-fee cross-chain trading feature and a selection of over 50,000 trading pairs.
The project’s ICO has seen resounding success. It has raised over $1.55M within just weeks of its launch. This impressive performance has spiked market excitement and made Lunex a crypto to watch in 2024. Analysts forecast that Lunex’s price could rise by over 1800% by the end of its ongoing presale.
A standout feature that fueled this audacious prediction is its cross-chain compatibility. Lunex’s simple interface and low trading costs also make it a brilliant choice for both individual investors and businesses. But one thing that resonated well with investors is its passive income potential, token holders earn substantially from DeFi products and revenue share streams.
Is Shiba Inu losing its bite?
Shiba Inu (SHIB) was once a top meme coin but has hit a rough patch. It has been suffering at the hands of the market bears, and its price has been on a decline. This lackluster performance has led to a wave of liquidations among SHIB traders.
Shiba Inu is greatly underperforming due to the massive drop in its transaction volume. Major SHIB trades dropped from 4 trillion SHIB to a mere 500 billion within the last week. This decline in liquidity is significantly affecting the SHIB token price. Even Shibarium L2’s growing activities couldn’t help put its price back on a bullish track.
Pepe coin: A top meme coin jeopardized by its limited utility
PEPE is another top meme coin inspired by the famous internet frog meme. PEPE took no time to become very popular, and its early investors were made overnight millionaires due to the intense online community hype surrounding the coin. However, PEPE struggles to offer any tangible utility beyond its meme-driven appeal, which has stunted its growth.
Many investors who benefited from PEPE‘s early surge are now bored by its limited utility and are looking for more promising projects with sustainable returns and real-world applications. The frenzy has fizzled, and this PEPE‘s lack of value has spotlighted Lunex Network and its trailblazing presale performance.
Conclusion
The meme coins narrative is losing steam, and top meme coins like SHIB and PEPE have slipped. However, Lunex is getting a shout to become a major player in the crypto market with its several brilliant features and strong presale performance. It is poised to capitalize on the increasing demand for efficient and secure trading solutions as it continues to grow and expand its benefits. Lunex Network is definitely a crypto to watch in 2024 and beyond.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
