If you’re familiar with the meme coin market, you already know about Pepe and Dogwifhat , two of the best-performing meme tokens of 2024. Why are PEPE and WIF in the spotlight? Both meme coins have attained massive highs compared to the previous year, returning significant gains to their investors. As a result, the meme coin sector is coming to life, as investors flock in for the next 100x meme token. However, utility tokens look more promising for long-term gains and Lunex is showing everyone why with its successful presale . Having raised over $5.6 million in a few months, the Lunex token is set for better returns now that WIF and PEPE are slipping. Let’s find out why. Pepe loses momentum after market decline Pepe remains the third largest meme cryptocurrency by market cap, with a value of over $8 billion at the time of writing. It has outshone established meme coins like DOGE and SHIB in the past year, surging by over 1,400%. Comparatively, DOGE and SHIB have gone up by over 270% and 130%, respectively, within the same period. However, the recent market downturn has negatively impacted the PEPE price, which stands around $0.000019 at the time of writing. The PEPE price is down by over 3% in the past month, which has seen it plunge into the red zone. How long can hype sustain its price? Time will tell. WIF needs to regain its hype and momentum WIF is another meme coin that rose into the limelight from social media hype. The meme coin has also had an impressive year, surging by over 900% between December 2023 and 2024. Despite being one of the latest meme cryptos, the impressive jump in price has seen WIF enter the top 5 spots in the meme coin ecosystem. However, the WIF price has been hit by the latest bearish momentum in the broader crypto market. Following a change of sentiment among investors, the WIF price has dropped to around $2.2 from its December 7 price of around $4. If WIF will reach a new all-time high soon, it needs to strengthen the hype that determines its value. Utility will thump social media hype While social media-hyped meme coins like WIF and PEPE have recorded significant gains, the current market realities show that hype isn’t a sustainable driver of value. Unlike meme coins with potential short-term gains, utility tokens like Lunex have proven more successful in the long term. The Lunex Network has been soaring in recent months, raising over $5.6 million in its ongoing presale . The massive investor interest in Lunex stems from its cheap presale price of $0.0049. Moreover, it has various use cases in the DeFi ecosystem. For instance, Lunex boasts a next-generation cross-chain DeFi platform that seamlessly transfers assets across multiple blockchain networks. The platform facilitates swifter and cheaper transactions across blockchains like Ethereum, Solana, Avalanche, and the Binance Smart Chain (BSC). It also has a reward program that pays users LNEX tokens as cashback rewards on every transaction completed on the network. Plus, Lunex holders can stake their assets for passive income up to 18% APY. These various features will drive the value and growth of the Lunex token over time, making the utility token a better alternative to meme coins. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork The post Utility Over Hype: Lunex Surges Ahead While PEPE and WIF Slip appeared first on TheCoinrise.com .
