Shiba Inu (SHIB) and Dogwifhat (WIF) are the best meme coins that have improved significantly since they started trading. The earliest WIF and SHIB investors had their seed capital 100x or more only in 2024.
Meanwhile, analysts believe that Lunex, a new utility token, will surpass top meme coins such as SHIB and WIF with its various use cases. Lunex Network is currently in pre-sale, raising over $5.7 million. What are the drivers positioning Lunex for greater gains? Let’s find out.
SHIB Grows Almost 100%: What’s Next?
SHIB boasts senior status in the meme coin market. It is no surprise that it has received a lot of attention from investors. Consequently, SHIB’s price is up nearly 100% year-to-date (YOY) at the time of writing, trading at around $0.000021.
As with other meme coins, SHIB’s price jump follows a good performance in the broader meme cryptocurrency market. Moreover, influencers like Elon Musk have also contributed to SHIB’s hype. However, the 32% drop in price over the past month calls for caution as SHIB is currently in the red zone.
WIF is among the best meme coins of the year
Dogwifhat (WIF) is another meme coin that has had an impressive year. Despite being a relatively new meme project, the price of WIF has increased by more than 850% in 2024, surpassing the best meme coins such as Dogecoin, Shiba Inu and Bonk. Even established cryptocurrencies such as Bitcoin and Ethereum cannot boast such figures as WIF in the past year.
Like SHIB, the price of WIF is also influenced by social media hype and the budding community. This is the reason why the coin has not been able to sustain its massive growth over the past month. The price of WIF has fallen by more than 42% in the last 30 days. With the hype waning, WIF is unlikely to reach or surpass its all-time high of $4.85 reached in March 2024.
Will utility decide the next 1000x token?
The best meme coins have shown great potential in the crypto market, returning huge gains in a few months. However, SHIB and WIF have shown that without sustaining their social media hype, meme coins can be dead in no time. This is why seasoned investors opt for utility tokens to balance their portfolios or avoid the extreme volatility experienced by meme coins.
One such coin is Lunex, a new utility token currently in pre-sale. While pre-sales are showing early signs of success, the project is about much more than monetary numbers. This is a reflection of how quickly the new project found its place in the DeFi market. DEX allows traders to seamlessly transfer funds across multiple blockchains. This means that DeFi traders and investors can access better liquidity cost-effectively and efficiently through Lunex.
Moreover, there is a Lunex reward program that allows token holders to earn passive income up to 18% APY through staking. Traders can also earn cashback for every transaction made on the Lunex DEX.
The Lunex token powers these different features, making it more poised for sustainable growth compared to meme coins. Interestingly, investors are bullish on LNEX, which is currently trading at a low price of $0.0052.
More information about the Lunex Network (LNEX) can be found here:
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