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Cryptocurrency News Articles
Angry Pepe Fork (APORK) Gains Traction as the First Memecoin with Real-World Utility, Attracting Over 5,500 Holders
Sep 17, 2024 at 04:16 pm
One expert crypto analyst expects the market direction to shift by the end of September. Investing in emerging coins is the best way to bank the coming bull market.
Angry Pepe Fork (APORK) is quickly emerging as the first memecoin with real-world utility, attracting over 5,500 holders and poised to surge as it enters the next stage of the presale.
While major coins like SUI, Cronos (CRO), and Avalanche (AVAX) are attempting to break out but still encountering resistance, APORK is preparing for the next phase of the presale.
SUI has shown movement with the broader market recovery, rising over 40% after bottoming out on 2 September, reaching a high of $1.07. However, sellers emerged at the $1 level, causing SUI to decline by around 6% from the high.
Another key aspect of SUI’s price action is its proximity to the 200-day moving average, which typically indicates a major resistance zone and potential selling pressure.
Cronos has again declined to the same support level after gaining momentum in early 2024. Following a 52-week high in March this year, Cronos has been in a downtrend, supported by a descending trendline from August, which has rejected the price twice.
Finally, on Friday, it broke out of the descending trendline with above-average volume. The next two resistances for Cronos price are $0.085 and $0.092, which could trigger a new rally if broken.
Avalanche, the blue-chip cryptocurrency ranked #12 with a market cap of $12 billion, is still trading inside the descending channel despite rising above the 50-day moving average recently.
The price has followed this channel since April this year, finding support at the lower trendline and being rejected at the upper trendline. For a fresh rally in Avalanche, bulls must break above this trendline with strong participation, clearing the nearby resistances.
Investors are showing enthusiasm for Angry Pepe Fork after the announcement of its utilities, which has made it rank higher than other top memecoins.
People can earn from its staking reward system, where they can stake tokens during the presale and earn high APY rewards in the coming weeks. Moreover, the conquer-to-earn model of Angry Pepe Fork rewards users who actively participate in the community events.
Active users can also earn badges to boost their status within the APORK ecosystem. APORK has already gained recognition as a top memecoin, being named the best memecoin in September due to its model.
The Angry Pepe Fork token is currently in its first presale round and is valued at $0.025 at the moment.
There are positive technical developments in SUI, Cronos, and Avalanche that could spark more rallies for those tokens. However, Angry Pepe Fork offers an even greater potential entry point due to its unique staking model and low entry price.
To learn more about the Angry Pepe Fork presale, visit the official website, and its Telegram and Twitter.
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