Over the last few weeks, the meme coin market has suffered a sharp decline as bears have been the more dominant players. As a result, many investors are leaving top meme coins Dogecoin (DOGE) and Turbo (TURBO) to the more promising prospect, capturing everyone’s attention: APORK.
The last few weeks have been bearish for Dogecoin (DOGE), with the leading meme coin forced to give up most of its gains this year. Although the rest of the meme coin market has been bearish, Dogecoin’s loss was more notable and sparked a major liquidation.
Over the last 30 days, the price of Dogecoin has slid almost 30%, leading the meme coin to suffer its biggest liquidation since 2021. Since the liquidation, there has been a decline in bullish bets on DOGE, as the meme coin price has remained under the $0.01200 resistance level.
Before the bearish wave hit the market, all eyes were on Turbo (TURBO), one of the new meme tokens created solely with artificial intelligence. Turbo has also been at the center of a huge partnership deal that will be critical in the next step of its growth. Despite its expanding use, Turbo, like other top meme coins has been overwhelmed by bearish pressure.
Following the initial wave of excitement that followed the announcement of its partnership, the price of Turbo has plunged by more than 15%. The meme coin is now at risk of losing the $0.00500 support level, which could lead to a 20% decline to the $0.004200 range. Amidst this fear of decline, investors are turning to APORK, a more promising project.
While investors are capitulating from several meme coin titans because of the growing bearish pressure, many have been betting big on Angry Pepe Fork (APORK). In just a week, Angry Pepe Fork has attracted over $160k in presale funding as investors troop into the project. Among the new meme tokens, APORK has been the only one showing good bullish momentum.
Angry Pepe Fork is quickly becoming the favorite for investors because of the potential impact it could have on the market. Unlike Dogecoin and Turbo, APORK represents a generation of meme coins that are created with utility. Angry Pepe’s goal is to see the meme coin market based more on utility than just hype.
To achieve its goal, Angry Pepe Fork has created a novel “Conquer To Earn” mechanism. This new system rewards APORK community members for helping the project defeat zombie coins that lack any form of utility. Not only will it help rid the meme coin space of valueless coins, but it will also incentivize community members for the role they play in removing the zombie coins.
Another reason why investors are betting big on APORK to quickly become one of the meme coin titans is its more improved tokenomics model. Only 1.9 billion APORK tokens will be created, meaning there will be high scarcity and demand for the meme coin. Now it is priced only at $0.014 per coin, savvy investors are taking advantage to stack APORK before its predicted surge to $1.
Although the meme coin space is battling low investor interest, evident by the decline of Dogecoin and Turbo, there has been a rise in interest in Angry Pepe Fork. Investors are betting big on APORK because it is on track to become the future of meme coins, making it one of the most promising tokens to buy now.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.