After a meteoric 105% gain MoM, PEPE's recent plunge to weekly lows reflects a fading memecoin frenzy. The hype around speculative assets cools, and investors are increasingly pivoting toward blockchain ecosystems offering tangible utility.
Only two such innovators have sprung up as the next crypto to explode: Solana and the new Lunex Network. Amid the growing selling pressure, Solana made it to ATH. At the same time, Lunex's high efficiency, cross-cain AMM DEX is dominating presale with impressive numbers. Is this the shift from speculation to value? Let's find out.
PEPE's meteoric rise faces turbulence as memecoin mania wanes
The ERC20 meme darling, PEPE, blazed a trail to astonishing heights in November. The PEPEthe Frog-inspired memecoin soared to a new ATH of $0.000025 following its Coinbase listing. But the once-roaring rally appears to be faltering. Over the past week, PEPE has shed nearly 10%, with indicators pointing to potential further losses.
Analysts are still on the sideline, but technical indicators are blaring a cautious alarm. The RSI and MVRV ratios reflect a weak sentiment for the memecoin. The bulls remain hopeful. The support at $0.0000139 could provide a lifeline, with a trend reversal potentially pushing PEPE to test resistance at $0.0000228.
Solana breaks new ATH. Can SOL go higher?
Solana's recent excellent performance starkly contrasts the fading memecoin hype. SOL price ran up to a new ATH of $264.50 amid Bitcoin’s impressive rally toward $100,000 and the recent memecoin mania. Onchain data has been overly impressive. DEX volume saw a 110% monthly uptick, and ecosystem growth has been quite rapid, too.
In the same period, Solana's TVL surged to $9.2B, outpacing even BNB and many Ethereum L2s. Beyond this, over 29.3 million unique addresses interacted with Solana DApps in the past week—more than triple the activity on major competing blockchains.
Lunex Network's DeFi Exchange has grown by 158% will it 10x?
Lunex Network has rapidly taken over DeFi as the "Uniswap killer" and the next crypto to explode with its groundbreaking non-custodial, cross-chain asset exchange solution. Its innovative platform allows seamless trading of over 50,000 cryptocurrencies across multiple chains, offering traders unmatched convenience and efficiency.
This vision has sparked immense excitement among crypto enthusiasts. Lunex’s native utility token LNEX has surged over 150% to a new ATH as thousands of investors continue acquiring LNEX leading to a $3.3M worth of liquidity as a vote of confidence. Early investors are already celebrating substantial gains, but the best is yet to come.
Many traders resonated with the innovative part, where Ethereum's smart contract compatibility fuels a user-friendly, DeFi-focused ecosystem. But the intriguing kicker was the lucrative passive income and income-generating DeFi products. That's why experts tag it the next crypto to explode right from its ongoing presale.
Conclusion
The recent crypto market shift has, once again, favored utility-driven projects over meme coins speculative fad. PEPE's dwindling performance has had nothing on Solana and Lunex. Solana's rise ATH the power of ecosystem growth and real-world application. However, it's LunexNetwork's presale success that has been piquing interest. Its potential to revolutionize DeFi with unmatched cross-chain interoperability and passive income opportunities has pushed its presale to new ATHs, and the price is still at just $0.0031.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
