From Jokes To Juggernauts: The Memecoins Taking Over The Crypto Market

Originally created as jokes in the crypto market, memecoins are, today, serious market contenders. Shiba Inu (SHIB) is not only one of the biggest cryptos but has also become a juggernaut in the non-fungible token space, with over 140K NFTs minted on its L2 network.

Pepe is another memecoin that has established itself as a market leader, with over $3 billion in market cap. However, a new force has emerged in Angry Pepe Fork (APORK). Armed with utility and earning potential, analysts believe this new memecoin could take over the crypto market.

The market lead of Shiba Inu (SHIB), Lucie (@LucieSHIB), recently announced a new record for its L2 network, Shibarium. According to Lucie, Shibarium has recorded over 140,000 minted NFTs, with the entire process costing only about 800 BONE (roughly $310) in gas fees. 

The recent milestone shows how much the Shiba Inu network has transformed from being a memecoin into a juggernaut in the crypto space. In addition, the Shiba Inu coin has managed to hold its market cap of around $8 billion over the last two weeks, according to CoinMarketCap. 

A monthly Shiba Inu coin price chart shared by Krao, a TradingView analyst, suggests that the memecoin could also record a price outbreak soon. Kroa suggests that if SHIB breaks out of its multi-month descending trendline as the Shiba Inu network continues to grow, it could skyrocket by more than 10x from its current price range of $0.0000135. 

After a long bearish streak, Pepe Coin (PEPE) appears to be showing potential for an upward movement. This optimism is supported by on-chain metrics, where the MVRV Long/Short Difference has recently rose from 36% to 39.87%, meaning that long-term holders are beginning to make profits.

The relative strength index of the Pepe coin has jumped from a weekly low at about 25 to around 49.5 today. Other signals that confirm this growing buying pressure are the Pepe 30-period moving average, which has been steadily getting close to the 200-period average.

If this buying pressure continues, the Pepe price could increase by up to 25%. If this happens, the Pepe price could rally to $0.000009300, with a possibility of retesting the key resistance level at $0.0000100. 

While the likes of Dogecoin, Shiba Inu, and Pepe have established themselves as juggernauts in the crypto market, Angry Pepe Fork (APORK) is here to disrupt the status quo. The project offers utility and multiple ways for holders of its APORK tokens to earn. 

Angry Pepe Fork has a staking portal and novel ‘Conquer To Earn’ system for its users to earn. Members of the community can take part in quests, tournaments, community events, and raids to earn. 

The staking protocol is also another way members of the community can earn coins. They can buy the APORK token at its current presale value of $0.02518 and stake them to receive rewards. Angry Pepe Fork has made staking available in presale, making it one of the best picks to buy and HODL right now. 

Another reason why investors are optimistic about 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.

While Shiba Inu and Pepe have set the pace for memecoins, the future looks brighter with Angry Pepe Fork. Because of 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 Presale:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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