Are Meme Coins Worth It? Experts Weigh DOGE & WIF vs Utility Coins

Lunex Network Presale Sees Record Growth Amid Meme Coin Debate

Meme coins like Dogecoin (DOGE) and Dogwifhat (WIF) have gained popularity, but the question is, ‘Are meme coins a good investment?’ remains a topic of debate. While meme coins often rely on social media buzz, utility-focused platforms like Lunex Network offer tangible use cases and real-world applications. Experts compare the potential of Dogecoin and Dogwifhat to Lunex Network, analyzing whether meme coins or utility-driven tokens present a better investment opportunity in the evolving crypto industry.

Dogecoin (DOGE) Climbs 27%

Dogecoin (DOGE) is gaining attention with a 27.54% price increase in the last seven days, exciting both investors and traders. The surge is largely driven by whale investors buying large amounts of Dogecoin, sparking interest in the market.

With its market cap nearing $20 billion, Dogecoin is drawing even more attention. Its trading volume has hit $2 billion in the past day, signaling increased activity and boosting confidence among supporters. Whale backing could keep Dogecoin's momentum strong as supporters wait to see whether this upward trend continues. Dogecoin holders still believe their favorite memecoin will keep rising.

Dogwifhat (WIF) Gains Wider Investor Attraction

Dogwifhat’s price chart shows a cautious trading pattern since the market crash in August. After the drop, many investors backed away from riskier assets. As a result, Dogwifhat has stayed between $2.40 and $2.95 in recent weeks. Despite recent gains for Dogwifhat, technical indicators urge caution. The relative strength index (RSI) is at 50, showing steady selling pressure, which may slow further upward movement for Dogwifhat.

The hype around meme coins can cause rapid price changes, but investors should stay alert. The market remains unpredictable, and past trends don’t guarantee future outcomes. As Dogwifhat gains more attention, some speculate if a new all-time high is possible. If broader market trends stay positive, Dogwifhat could break past its recent price range.

Lunex Network (LNEX) Is the 2024 Best Crypto Presale

Lunex Network made headlines even before its presale launch, and its success during the presale has excited investors about its future growth. In just 24 hours, Lunex Network raised over $250,000 by attracting retail investors, institutional whales, and web3 developers. If this momentum continues in Q4, experts predict Lunex Network’s price could rise by over 1800% by the end of the presale.

Investors are drawn to Lunex Network because of its cross-chain capabilities. Previously, traders needed third-party wallets such as MetaMask or TrustWallet to make transfers across blockchains. Lunex Network solves this by connecting isolated blockchains and allowing traders to swap more than 50,000 crypto pairs on one exchange.

Lunex Network’s exchange also eliminates the need for KYC checks. Traders can simply download the mobile app, choose a crypto pair, enter the recipient’s wallet address, and complete their trade within minutes. The platform’s low transaction fees are a major advantage, as Lunex Network sources liquidity from different places and splits trades to keep costs down.

While retail investors benefit from Lunex Network’s staking rewards, earning up to 18% APY, institutional investors are showing interest in the platform’s merchant payment gateway. Businesses can now integrate Lunex Network with their websites and accept crypto payments from customers.

With these features, Lunex Network is expected to see 100x growth by 2025.  The presale is currently at stage 4 and tokens are currently $0.0017 each. Analysts believe Lunex Network could reach a new all-time high in the coming week.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork