The memecoin market is gaining more recognition from within and outside the crypto industry. Binance.US recently announced the listing of Pepe (PEPE) as United States-based crypto exchanges have increased their interest in memecoins.
As the meme market gains more traction, analysts expect the likes of Pepe and Shiba Inu (SHIB) to lead the price pump. While top memecoins are expected to see huge rallies, Lunex Network (LNEX) is a new coin with massive potential that analysts expect to outperform them with an 18x pump.
Pepe (PEPE) Forms Bull-Flag Pattern, New ATH Incoming
In a major achievement for the memecoin space, Binance.US has listed the Pepe coin. The move is part of a growing trend from US-based exchanges to tap into the meme coin market. While the listing has extended PEPE’s gain on the weekly chart to 10%, per CoinMarketCap, analysts have predicted even bigger returns.
According to Javon Marks, the Pepe crypto has confirmed a bullish breakout of the bull-flag pattern. According to Marks’ Pepe price prediction, the meme coin could skyrocket as high as $0.0000375.
CyrilXBT confirms the breakout but shares a higher price target for Pepe (PEPE). According to the trader, PEPE could pump to new ATHs at $0.000043. The chart he shared shows $0.00002047 as a key support level.
Triangle Breakout Pattern Could Inspire Shiba Inu (SHIB) Rally To $0.00007593
On the monthly price chart, Shiba Inu (SHIB) has been on a steady uptrend and has made more than 80 percent gains as of writing, according to CoinMarketCap. The Shiba Inu crypto, as stated by Guru.Asymmetry, a well-known analyst and ex fund manager, has a major resistance level it has to clear.
While the analyst explained that the memecoin is ready for a big rally, the Shiba Inu price chart he shared showed it trading very close to a major resistance, $0.00003288. If Shiba Inu pumps above this level, the first target is $0.00004244, but bulls can extend the upward trend, forcing the Shiba Inu token to hit $0.00007593.
To break the $0.00003288 resistance level, Shiba Inu (SHIB) will have to hold the $0.00003 level. Shiba Inu (SHIB) is trading between $0.00002439 to $0.00003238 on the weekly chart. The 14D relative strength index is now close to the overbought zone, risking a price pull back.
Lunex Network (LNEX) Pumps 200%, Set for Bigger Rally
Matching the huge pumps of many meme coins, the Lunex Network (LNEX) coin has recorded its own price increase of 200% to reach a new high of $0.0036. In addition, the DeFi project has pulled in more than $4.5 million in funding as it moves into the DeFi space to deliver optimized solutions for traders, businesses, and institutions.
The B2B payment gateway of Lunex Network is one of the most significant innovations that it uses to help businesses accept cryptocurrency payments. It also makes it very easy for them to convert the received cryptocurrencies to fiat.
This is highly useful to organizations that wish to replace their payment systems without getting involved in crypto markets directly. The highly developed portfolio tracker is another feature that makes working with the assets easier. People can track their cryptocurrencies, stocks, and even ETFs on the same platform where you can check on your investments.
This is an extremely useful and obvious feature for traders working with several assets, which will make Lunex the main choice for organizing work with the portfolio. Because of these features, analysts expect the LNEX coin to pump by up to 18x by Q1 2025.
In Summary
While the memecoin space could record a huge price surge over the next few months led by Pepe and Shiba Inu, Lunex Network looks to notch even bigger gains. The more use cases across a wider range of users mean LNEX is one of the top altcoins to watch over the next few months.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
