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There’s an ongoing surge in Solana price driven by increased interest in memecoins. As traders flock to capitalize on these trends, the big question remains: can another altcoin steal the spotlight from the likes of Dogecoin (DOGE)?
With SOL’s blockchain handling record transaction volumes, analysts are keeping an eye on altcoins that could potentially outperform Dogecoin. One rising contender, Lunex Network, is defying expectations.
Let's explore why this emerging altcoin might outperform Dogecoin in this cycle.
It’s clear Lunex Network is next in line to dominate the DeFi market. In just a few weeks, Lunex Network has quickly become the go-to platform for traders looking to trade conveniently. With its multi-chain decentralized exchange (DEX), users can swap over 50,000 currency pairs without the hassle of wallet connections or custodial risks.
What truly sets Lunex Network apart is how liquidity is handled within its ecosystem. For one, trades are processed through an automated market maker model to ensure slippage-free transactions. Plus, with its fantastic liquidity pools, users can earn a share of trading fees and enjoy cashback rewards in popular currencies like SOL and DOGE.
But it doesn't stop there! By staking $LNEX tokens, users can earn up to a whopping 20% APY. Combine that with Lunex Network’s non-custodial wallet featuring AI-powered optimization, and you have a much more intelligent DeFi experience. Imagine a system that can be accessed whenever and wherever without transaction hiccups. That's the magic of Lunex Network.
Solana (SOL) has seen a bump in price activity, pushing the platform's daily transactions to new highs. Over the past month, SOL soared 13%, climbing from $148.46 to $167.79. The demand for meme coins built on the Solana Blockchain has led investors to predict a near $200 valuation for the SOL token.
The SOL network is catching up with Ethereum as the leader of the decentralized market. In the past year alone, SOL has outperformed 86 of the top 100 cryptocurrencies, including Bitcoin. Boasting positive community sentiments, Solana (SOL) still stands tall as one of the best options for price appreciation as the year wears into its final quarter.
DOGE is mirroring BTC’s price movement in the live crypto market. Due to DOGE’s 0.91 correlation with BTC, the doggo-themed token soared 23% in the past week. With over 80% of active DOGE addresses in profits, the weekly total exchange netflows peaked at $136.27 million. Additionally, DOGE trades well above its 200-day SMA.
The effect of Elon Musk’s involvement is not lost on DOGE. Since declaring his love for DOGE online, the community sentiments surrounding the token have turned to a bullish potential. Analysts believe DOGE is setting up for another pump as the Dogecoin price action has formed 3 higher lows and is breaking out of the Reversal Box just like it did in 2020.
Lunex Network is revolutionizing DeFi with its next-gen crypto exchange, and the LNEX token offers comprehensive extents of its ecosystem for $0.0017 apiece. Currently in the fourth stage of its presale, Lunex Network has sold over 935 million LNEX tokens, a testament to growing investor interest and incredible potential.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
