From jokes to behemoths: memecoins invade the cryptocurrency market
Originally created as a joke in the cryptocurrency market, memecoins are now serious competitors in the market. Shiba Inu (SHIB) is not only one of the largest cryptocurrencies, but has also become a juggernaut in the non-fungible token space, with over 140,000 NFTs created on its L2 network.
Pepe is another memecoin that has emerged as a market leader, with over $3 billion in market capitalization. However, a new force has emerged Angry Pepe’s Fork (APORK). Armed with its utility and earning potential, analysts believe this new memecoin could take over the cryptocurrency market.
Shiba Inu (SHIB) Braces for Price Surge as Shibarium Hits New Record High
Shiba Inu (SHIB) Market Manager Lucie (@LucieSHIB) recently announcement a new record for its L2 network, Shibarium. According to Lucie, Shibarium has minted over 140,000 NFTs, with the entire process costing only around 800 BONE (around $310) in gas fees.
The recent milestone shows how the Shiba Inu Network has grown from a memecoin to a behemoth in the crypto space. Additionally, Shiba Inu Coin has managed to maintain its market capitalization around $8 billion over the past two weeks, according to CoinMarketCap.
A monthly Shiba Inu Coin price table shared by Kraoa TradingView analyst, suggests that the memecoin could also see a price surge soon. Kroa suggests that if SHIB breaks out of its multi-month descending trendline while the Shiba Inu Network continues to grow, it could skyrocket more than 10x from its current price range of $0.0000135.
Pepe (PEPE) is giving off a strong buy signal
After a long downward sequence, Pepe Coin (PEPE) appears to be showing potential for upward movement. This optimism is supported by on-chain metrics, where the Long/Short MVRV difference recently increased from 36% to 39.87%, meaning long-term holders are starting to take profits.
THE relative strength index of the Pepe Coin Pepe price has jumped from a weekly low of around 25 to around 49.5 today. Other signals confirming this increasing buying pressure are Pepe’s 30-period moving average, which has been gradually moving closer to the 200-period average.
If this buying pressure continues, the Pepe Prize could increase by up to 25%. If this happens, the Pepe Prize could rally to $0.000009300, with a possibility of retesting the key resistance level at $0.0000100.
Investors Turn to New Behemoth, Angry Pepe Fork (APORK)
While Dogecoin, Shiba Inu and Pepe have established themselves as behemoths in the cryptocurrency market, Angry Pepe’s Fork (APORK) is here to disrupt the status quo. The project offers utility and multiple ways for holders of its APORK tokens to earn money.
Angry Pepe Fork features a staking portal and a new “Conquer to Win” system for its users to earn. Community members can participate in quests, tournaments, community events, and raids to earn.
The staking protocol is also another way for community members to earn coins. They can purchase the APORK token at its current pre-sale value of $0.02518 and stake it to receive rewards. Angry Pepe Fork has made staking available for pre-sale, making it one of the best choices to buy and HODL right now.
Another reason investors are bullish on Angry Pepe Fork is its limited supply. Unlike SHIB, which has trillions of tokens in supply, there will only be 1.9 billion APORK tokens. This scarcity could give it more room to grow than other memecoins.
In conclusion
While Shiba Inu and Pepe have set the tone for memecoins, the future looks brighter with Angry Pepe Fork. Due to its utility and the options it gives users to earn, analysts expect Angry Pepe Fork to be the next 100x memecoin as it has the potential to transform the market.
Visit the Angry Pepe Fork pre-sale:
Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.
