The journey of Shiba Inu price to $1 is getting more and more elusive. The dream was once speculation, and now, analysts weighing in have dashed hopes. However, the spotlight now shines on two promising altcoins that could realistically be the next crypto to hit $1: Algorand and Lunex Network.
While Algorand is getting a positive outlook off ecosystem and institutional interest growth, Lunex Network is turning the new age disruptor with its cross-chain DeFi solution and massive potential. In fact, analysts’ 100x projection makes Lunex a strong penny crypto to break the $1 mark.
Shiba Inu price to $1: Analysts dismisses the possibility
The allure of becoming overnight millionaires from Shiba Inu’s price reaching $1 has always captivated countless investors. However, Altcoin Daily’s Aaron Arnold has poured cold water on these aspirations. The reasons are there. Shiba Inu’s price is still at just $0.000025, with an impressive $14B market cap. A run to the dollar means the market cap will need to soar past $100 Trillion.
Even in its historic 2021 bull run, SHIB achieved a peak market cap of $45 billion, and replicating such exponential growth is virtually impossible, especially considering its current valuation. Despite recent ecosystem growth, Arnold’s analysis unveils the harsh reality: Shiba Inu’s price at $0.01—or $1—is more fantasy than feasible.
Algorand eyes $1: Bullish momentum breaks $0.3 resistance.
Unlike the Shiba Inu’s price, Algorand has shown immense potential to beat the $1 mark from its current levels. The price just went past the $0.3 resistance at a 9-month peak, and the momentum has fueled optimism about its potential to be the next crypto to hit $1.
Algorand price broke a long-standing resistance trendline after a Morning Star pattern provided a springboard for its price from the $0.1 support base. Beyond the impression price action, Algorand’s ecosystem is thriving. Monthly active users surged by 34% in a month alone after Coinbase’s interactive rewards program, increased dApp engagement, and developer-focused incubator programs.
Lunex Network’s DeFi revolution piques interest, The next crypto to hit $1?
Another top token favored to reach the coveted $1 is the new DeFi powerhouse Lunex Network. Since its launch, Lunex Network has positioned itself as a potential paradigm shift – a revolutionary cross-chain innovation that eliminates all DeFi roadblocks.
Unlike the mediocrity every trader has gotten used to, Lunex Network is bringing an inclusive trading ecosystem where users relinquish control of their fate. Then, there’s the high liquidity, slippage-free, and lightning-fast processing. The fundamentals are perfect, and now, the technicals are even more alluring.
A tantalizing feature that has analysts projecting it as the next crypto to hit $1 is the passive income stream—users earn steadily for doing the barest minimum. Its ongoing presale tells every beautiful tale investors need to hear. With over 175% gain in weeks, a $3.8 million raise and immeasurable demand, it’s a no-brainer that Lunex Network will go places.
Conclusion
While Shiba Inu price‘s dream of reaching $1 continues to fade under the weight of astronomical market cap requirements, promising alternatives like Algorand and Lunex Network are stepping into the limelight. Algorand‘s robust ecosystem growth and bullish momentum showcase its potential to achieve sustained upward movement. Meanwhile, Lunex Network has emerged as a game-changing DeFi solution.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
