PEPE and WIF Down as a New DeFi Coin Captures Investor Attention

Lunex Network Redefines DeFi Amid Meme Coin Market Turmoil

Meme coins and their fleeting fad made the highlight of the week. The crypto market experienced drama earlier this week due to the speculative surge. In fact, WIF and PEPE prices touched new highs - until DeFi coins' ingenuity took over. Corrections are necessary - but while memes struggle, the new DeFi coin, Lunex Network, garners interest with its cross-chain trading innovation and passive income allure. Its DeFi-redefining goals have raised close to $5.5M in ongoing presale. What's fueling this gravity-defying surge for DeFi coins? Let's find out.

Lunex Network's DeFi coin captivates investors with utility-driven allure.

DeFi coins are having it better again. The crypto market has always spotlighted ingenuity over fleeting fads. While PEPE and WIF flounder on the price chart, Lunex Network's DeFi coin has taken over with a utility-focused approach to empowering users and simplifying DeFi.

Unlike meme coins, Lunex Network is power-packed with value-driven utility. But the real allure lies in its non-custodial framework and cross-chain compatibility, which facilitate seamless asset trading over 40+ networks. For seasoned traders, Lunex offers perks, including DeFi products, advanced trading tools, an e-commerce-friendly API solution, and AML checks.

All these highlighted Lunex's commitment to flexibility and security while setting itself apart as a forward-thinking DeFi platform. Furthermore, LNEX even provides users income-generating opportunities like the 18% APY staking program and revenue-sharing model. Priced at just $0.0048 during its presale, Lunex has already raised over $5.4M.

PEPE price faces downturn as meme hype fizzles.

The resurgence of DeFi coins with Lunex Network's success starkly contrasts the bleak outlook of meme coins. Although PEPE price has been exceptional this month, the recent downturn has raised concern. Just a few days ago, the PEPE price clinched a new ATH of $0.000028 but has now fallen 25% to intermediate lows around $0.000017.

The downturn isn't isolated! BTC's decline to $96k after the Fed's hawkish interest rate decision reeled the whole crypto market, and PEPE couldn't survive the bloodbath. Nansen's data revealed a surprising downturn in smart money holders. With the coin now trading below key support levels, further losses seem likely.

Dogwifhat bleeds 13%. Has the rally ended?

The decline looks like the party is finally over for the meme market. The Solana-based WIF meme coin also had a fair share of the Fed's hawkish decision. Recently, WIF lost 13% intraday to compound its monthly decline to 36%. Traders and investors panicking have incited a new wave of sell-offs. Despite the price drop, WIF's daily trading volume surged over 74% to $968 million.

Technical indicators weigh in, too. MACD remains below the zero line, reflecting persistent downward pressure. Similarly, the Chaikin Money Flow (CMF) suggests selling outweighs buying. Yet, the coin faces immediate resistance at $2.33. Failure to break this level could see WIF testing support at $2.24 or even declining further to $2.18 under strong bearish pressure.  

Conclusion

The tides are shifting with a clear trend: utility-driven DeFi coins like Lunex Network will ultimately outshine meme coins. WIF and PEPE prices are struggling under intense bear pressure, while the new Lunex Network captivating investors show that DeFi innovation is now taking center stage. With its value-packed utility, security-first framework, and strong investor confidence, Lunex sets a new standard in DeFi.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork