Santiment Analysis on Altcoins Rally– While Ethena and Solana Recovers, Traders FOMO Buy This New Coin
The post Santiment Analysis on Altcoins Rally– While Ethena and Solana Recovers, Traders FOMO Buy This New Coin appeared first on Coinpedia Fintech News
Brian, a top analyst from Santiment recently appeared on Thinking Crypto’s latest episode, discussing his insights on the altcoin rally. Brian spoke about the top 50 meme coins by market cap and said that Ethena (ENA) and Solana (SOL) might just recover and rally up. Amid all this, numerous investors have been FOMO investing in this new crypto project identified to have exceptional potential in the crypto space- Angry Pepe Fork (APORK).
Angry Pepe Fork (APORK): Meme Coin with Earning Potential
Angry Pepe Fork (APORK) has recently debuted in the presale market as an innovative meme coin project, garnering significant attention from crypto experts and investors seeking substantial gains. This new ICO coin is on a mission to rewrite the meme coin narrative by joining the list of utility-backed meme coins. While it is hosted on the Solana blockchain, Angry Pepe Fork distinguishes itself with the introduction of a “conquer-to-earn” system.
Essentially, this new concept offers meme coin enthusiasts a fresh opportunity to earn in the space. Particularly, it aims to establish a base where the community members can participate in thrilling activities and get rewarded as a group. Moreso, the most active community members can win the native APORK token and other rewards by helping destroy dead “zombie” projects.
Given its unique earning system and a promising presale, the native APORK token is gradually climbing up the rank among the best crypto coins to invest in both in the presale market. Meanwhile, token holders can start fighting zombies and start making money while the presale is still ongoing.
Currently in the initial presale stage, the Angry Pepe Fork token is priced at $0.014, with promising speculations for the meme coin to surge significantly. In fact, crypto analysts have predicted that Angry Pepe Fork meme coin could see a 200% rise when the presale ends and over 350% rise when it lists on top-tier exchanges, positioning it among the best mew meme coins to buy.
Solana Price Demonstrates Bullish Trend Despite Recent Dip
Solana’s (SOL) price has demonstrated resilience in the face of the recent market downturn, with the staking token trading around $152 at the time of this writing. Despite a 12% decrease in 24 hours and a nearly 13% decrease in 7 days, SOL price action remains bullish and in an uptrend.
While the asset is currently sitting on a $70 billion market cap, it maintains a dominant position in the markets while trending above the 200-day SMA; albeit, below the 50-day moving average. Furthermore, SOL price has been making higher lows for 275 days straight, an impressive bullish streak.
The asset is now in a symmetrical triangle, which may resolve in either direction. However, since Solana’s price is in an uptrend, the chances of resolving upward may be higher. A break above the symmetrical triangle could result in a 59% surge in price, setting the SOL price around $285, and possibly a new ATH.
Ethena Token: Continues Upward Momentum Despite Facing Resistance
Despite the market volatility, Ethena (ENA) token has been on an upward momentum over the past week, with its current price at $0.72, reflecting a yearly increase of 5.87%. This growth is attributed to the post-Bitcoin halving rally, making the ENA token one of the top beneficiaries.
Although the ENA token witnessed a slight uptick of about 10% within the past week, it still faces major resistance, failing to reach the $1 price threshold. In fact, the Ethena (ENA) volume has plummeted by 49%, emphasizing the need for increased market interest to propel its value upwards.
However, historical price analysis suggests another uptrend may be due. Moreso, going by Brian’s insight, there could be a favourable turnaround in the price trajectory of Ethena as already evident in the recent price jump from $0.69 to $0.76.
Will APORK Outperform Ethena and SolanaTokens?
Although Ethena (ENA) and Solana (SOL) have shown considerable momentum lately, Angry Pepe Fork (APORK) remains positioned for substantial rallies as demand for its platform skyrockets. Amidst the excitement surrounding the altcoin rally, APORK is set to take advantage of the market’s momentum to expand its ecosystem and push the value of its native token to new highs.
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