Among #Memecoins🤑🤑 , Shiba Inu (SHIB) is a longtime asset due to its large community backing. Popular though it is, Shiba Inu ($SHIB

) has yet to crack some price barriers. Meanwhile, USD Coin ($USDC

) is improving its regulatory compliance while Lunex Network ($LNEX) is becoming a big name in DeFi. This swanky new protocol promises traders perks, competitive fees and interoperability. So what features are causing Lunex Network to make such huge waves in the DeFi space?

Shiba Inu (#SHIB، ): Fighting Against Resistance
Shiba Inu has been struggling to break through significant price thresholds. However, there is a glimmer of hope, as the token got a relative boost from the recent Shibarium release. This update was brought in to lower gas fees and streamline transactions. This has made the Shiba Inu platform appealing to traders who want efficiency above all else.

The development of Shibaswap, the decentralized #exchange of Shiba Inu (SHIB), is another major development on the platform. #ShibaSwap lets stakeholders earn a variety of rewards and trade multiple assets. These new updates hope to stabilize Shiba Inu’s value amid market volatility.
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The crypto market recovered slightly over the past day after experiencing short-term volatility. Notably, #TerraLunaClassic ($LUNC

) is among other tokens that are demonstrating upward price movements today.

LUNC Technical Indicators Predict Bullish Outcome
Crypto enthusiasts and experts even anticipate a more bullish rally for #LUNC✅ , pointing to several technical indicators. Specifically, crypto analyst Javin Marks stated that the Relative Strength Index (#RSI ) indicator is growing steadily, supporting a potential rally. Mark believes LUNC is on track to see a major rally, which could push current prices up by 545%.

For context, the RSI indicator measures the recent price changes of any cryptocurrency. This indicator helps to determine market conditions by telling whether a cryptocurrency is overbought or oversold. The indicator shows an unusual force for an asset that traded in a bear market for an extended period. Typically, these circumstances lead to short-squeeze and double-digit percentage green candles.

Mark highlighted the graphical trend of the RSI indicator, which keeps growing despite depreciation. According to Mark, these conditions, known as RSI divergence, strengthen the possibility of a bullish trend for LUNC. Accordingly, the analyst predicted that LUNC would climb to $0.0059, roughly six times its current worth.

Based on this forecast, LUNC would rank in the top 50 on MarketCap, with a valuation of about $2.5 billion. At press time, LUNC was trading at $0.00008571, with market capitalization pegged at $489 million. Within the last 24 hours, LUNC surged 3.8%, while trading volume jumped 24% to $17.5 million.

Looking at the current figures, Mark has set a very high target for LUNC. However, it is important to note that LUNC has often printed unexpected movements based on its precedents.

Additionally, LUNC’s holders follow unusual speculative logic. Therefore, Mark’s 545% rise forecast for LUNC could eventually hold. Surprisingly, Mark is just one of the analysts forecasting a bullish outcome for LUNC.

As CNF mentioned, Crypto analyst Candle Calls believes LUNC could surge to $1 and $5.
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The U.S. Securities and Exchange Commission (SEC) has officially appealed its case against Ripple Labs over XRP. This comes after speculation over whether the regulator missed a deadline to do so.

Since the filing, the price of XRP has been on a tear, dropping 2% in 24 hours. As bearish sentiment strengthens around the altcoin, the decline could deepen. The key question now is: how far will it fall and for how long?

Ripple's Legal Challenges

In its Oct. 17 civil appeal pre-argument statement, the SEC is not contesting the ruling that sales of XRP to retail investors through exchanges are not securities.