Meme coins like Shiba Inu (SHIB) and Dogecoin’s price actions have long enthralled investors looking for significant crypto gains. Yet, the market’s expansion to accommodate more promising competing altcoins like Lunexthreatens SHIB and DOGE’s dominance.
Currently in its presale, Lunex is a one-of-a-kind altcoin ready to flourish and offer investors massive crypto gains. Read more to see why Lunex should be your investment choice ahead of December.
Shiba Inu sets for massive rally ahead of December
Shiba Inu (SHIB) has a market value of $14.64 billion, and its value is expected to soar this winter, with significant developments earmarked for its ecosystem and software.
Through Shibarium, its proprietary Layer 2, SHIB has improved its privacy features and transaction efficiency and reduced trading costs. Shibarium also improved decentralized exchange to facilitate SHIB’s liquidity, staking, and token swaps within the ecosystem.
The further expansion of ShibaSwap, which is responsible for making the trading of permitted ERC-20 tokens among players easy, promoting payment adoption, and utilizing further token burn mechanisms, is set to propel SHIB to record highs.
Yet, despite SHIB’s strong community and recent gains, its recent performance and the fact that it has less than 500 billion tokens as support has made buyers sell some of their holdings to buy other tokens with sustainable gain offerings.
The volatility of DOGE keeps investors perplexed
DOGE currently has a value of $0.4171 and is trying to break the $0.5 resistance level. Additionally, DOGE’s futures open interest eclipsed its record high by 100% on November 23 to $4.6 billion, an all-time high.
Yet, DOGE’s surge in price action since the beginning of November worries investors concerned about its sustainability because derivatives drove the 224% rally gain, much like the circle top run of April 2024.
Furthermore, DOGE’s absence of a defined development plan and its limited use cast doubt on its long-term sustainability. As a result, DOGE finds itself at a crossroads as investors shift toward initiatives with solid foundations and practical uses, such as Lunex.
Despite this, DOGE’s supporters are optimistic following predictions by Raoul Paul, the CEO of Real Vision, that Dogecoin price will continue to outperform Bitcoin, considering it has gained 550% over BTC in the last ten years.
While meme coins like DOGE and SHIB show potential ahead of December, Lunex’s crypto gain potential overshadows theirs, and analysts are favoring the presale token available at $0.0033 to earn more ROI for investors.
