A significant event has occurred in the cryptocurrency world: Dogecoin and Solana whales are making a move towards Lunex Network, a new DeFi project. This shift has surprised many analysts.

Dogecoin Breaks Out of 11-Day Consolidation

Dogecoin, the largest memecoin, has broken out of an 11-day consolidation since October 3. According to CoinMarketCap, DOGE is showing positive trends on weekly and monthly charts, reaching above $0.114. However, the crypto faces resistance at the $0.115 area, with potential to move towards the 200-SMA ($0.121016) per TradingView data. Although the current momentum is bearish, many analysts predict upward movement in DOGE’s price.

Solana On-Chain Metrics Skyrockets

The Solana network has seen a significant uptick in activity in recent weeks. SolanaFloor reports that the network's active addresses reached a new high of 30.5 million. While metrics have risen since January, a major jump occurred in August. Solana also outperformed Ethereum in weekly DEX trading volume, with $8.644 billion compared to Ethereum's $8.28 billion. Solana’s price has been on a steady rise, reaching a peak of $158, exceeding the 200-SMA of $145.90.

Lunex Network: Swap Coins Across Blockchains with Ease

Lunex Network is a decentralized ecosystem focused on solving issues in cryptocurrency exchanges. The platform enables swapping over 50,000 cryptocurrencies without KYC procedures. LNEX token holders benefit from a revenue-sharing model and low trading costs. Additionally, a range of DeFi services is offered, including non-custodial payment processing gateways.

The growing interest of Dogecoin and Solana whales in Lunex Network is driven by its prospects and features, attracting large investors. The Lunex project holds significant potential for future growth.