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We must admit that meme coins are responsible for some of the most significant profits ever seen. Dogecoin and Bonk Coin have a combined market cap of $18.25 billion. This is not pocket change; these tokens represent a massive market share. But that pales compared to the market cap exchange tokens like BNB. Lunex Network has entered the chat, and its goal is to flip Dogecoin and Bonk Coin before chasing down the big guns. Can it succeed?
Lunex Network is a new crypto exchange currently in presale, and this new coin has massive ambition: to flip meme coin monster Dogecoin. Dogecoin is currently the 8th-ranked token by market cap, and getting to that level is a high ambition indeed. But is it doable?
Considering that even after all these years, crypto trading is a mess. Professional and retail investors need to have multiple accounts in multiple exchanges to have access to assets. Trading fees eat into profits, low liquidity pools won’t allow large transactions, and DeFi is a technical mystery only available to the most devoted crypto enthusiasts.
Lunex Network solves all these problems. Lunex brings professional-grade trading tools to the user in a consumer-friendly package. By leveraging a pool of pools, it overcomes all liquidity issues, and its cross-chain trading offers 50,000 trading pairs. It even demystifies DeFi, making it accessible even to newbie investors.
If Lunex Network’s goal is to overtake Dogecoin, it may just have the product offering to get it there.
Solana can do many things right, but Solana meme coins like Bonk Coin are not doing too great. Bonk Coin has a market cap of a mere $1.6 billion, 10% of Dogecoin’s market cap. But that $1.6 billion places Bonk Coin as the fifth-placed meme coin by market cap, marginally ahead of Floki Inu but trailing DogWifHat by over a billion dollars.
If Lunex Network wants to flip the big guns like Dogecoin, setting its sights on a coin like Bonk Coin is a logical first step.
When Elon Musk appeared on a skit on SNL in May 2021, the Dogecoin market cap spiked to the region of $88 billion. This also corresponded with a Dogecoin price of $0.74. Dogecoin can now only dream of those days. Its market cap is now $16.6 billion, a mere 20% of what it was in these heady days of Elon mania.
Likewise, the Dogecoin price is 15% of what it used to be. But the news isn’t all bad: Dogecoin has stabilized and has found its niche. But this stability puts it firmly in the crosshairs of coins like Lunex, aiming to overtake even the best-performing meme coins.
Dogecoin and Bonk Coin are established players in the cryptosphere, but their days of heady returns are long behind them. It will take a lot to flip those coins, but considering Lunex’s product offering, this can be done before 2025 is over. It may sound ambitious, but the cryptosphere is full of these success stories.
Investors can join the Lunex Network success story by participating in the presale, where tokens are available at $0.0015.
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. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
