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Market turbulence hit crypto hard, but Solana may rebound in September. Meanwhile APORK aims to shake up memecoins.
Market turbulence has been significant in the past few months, and cryptocurrencies have been hit by corrections across the board. During this timeframe, Solana experienced steep price declines, but despite September being a traditionally slow month, analysts expect it to go against the grain, as on-chain metrics are flashing positive signals. Meanwhile, a new entrant is poised to shake up the increasingly stale memecoin space: Angry Pepe Fork (APORK ).
Angry Pepe Fork leads the memecoin resurgence
Solana’s meme factory has been driving the space since late 2023, reaching a staggering $5.5 billion valuation.
One of the biggest drawbacks of memecoins, however, is that they are susceptible to volatility, as most don’t offer any real-world utility. This means that once the hype dies down, most projects never bounce back.
Angry Pepe Fork is a rebellious underdog project that steers away from this pump and dump philosophy. APORK has rallied by 78% in just a few days while still in presale, defying the adverse market climate.
Experts believe this impressive price performance will set the tone for Angry Pepe Fork’s trajectory in the upcoming months. A 200% surge is projected by the end of the presale alone, as the dynamic price structure will continuously increase Angry Pepe Fork’s valuation.
Over $500,000 has been raised so far as the Angry Pepe Fork’s defiant message is resonating with the thousands of investors who joined. One of the unique features of APORK is that it allows users to stake their tokens before the presale is even completed. This allows investors to start reaping substantial rewards and putting themselves in a great position once Angry Pepe coin hits the markets.
But it doesn’t end here. Angry Pepe Forks framework encourages the users to directly participate in the project’s mission to achieve total meme supremacy. As part of the Angry Pepe Token ‘Conquer to Earn’ strategy, people will be assigned tasks and quests that will allow them to earn more tokens upon completion.
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Solana could break the September bearish curse
After Solana plunged to $121, a sharp recovery followed with bulls bringing the price back above the key $130 resistance, all the way to the local peak of $138, for a total 14% increase.
This renewed buyer interest could result in a bullish reversal and allow Solana to finally escape the narrow channel it has been moving in for months.
Medium and long-term technical analysis shows that the bull trend is still shaky, as uncertainty continues to grip the market. Solana is still moving below the 50 and 200-day moving averages, which are currently acting as resistance levels, barring upside continuation.
On-chain analysis, however, shows a positive picture for Solana. The number of daily active addresses has just reached a 5.4 million all-time high, and has quintupled since the start of the year.
Whales continue to accumulate SOL, as Solana has already been chosen to be one of the protagonists of this current cycle. Most recently, a large buyer bought nearly 61k SOL tokens in the last 48 hours, spending approximately $8 million.
This shows that despite previous underwhelming price action, things are moving, and Solana could moon sooner than expected. This means one thing: Solana-based meme coins are about to have a field day, especially new, undervalued gems with untapped potential, such as Angry Pepe Fork.
Currently, APORK is selling for just $0.02518, and this price is likely the lowest it will ever be.
For more information, visit the official Angry Pepe Fork website or join the community on Telegram and X.
Read more: Bonk surges with massive jump as Avalaunch, Angry Pepe Fork ride the wave
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