There’s no stopping the meme coin mania! Our expert insights into the industry reveal one altcoin already tracking better than PepeFork.

Memecoins are taking the crypto market by storm, attracting investors with their internet-inspired humour and community spirit. Despite high volatility, these coins garner considerable interest and often develop loyal fan bases.

One of the most successful meme coins in the past few weeks has been PepeFork ($PORK) - a Pepe the Frog ($PEPE) derivative that skyrocketed to a $290 million market cap in just a matter of days after its launch. Here, one lucky investor was able to make a memecoin fortune by buying and selling PORK, turning 5 ETH into $3.3 million.

Although exciting on surface, savvy investors should know all too well that the crypto market is constantly changing, and that the best opportunities are not always the most obvious ones. With this in mind, another altcoin project - with less degen bandwagoning - has also been garnering attention. Through still being in its Presale phase, such project is said to present lower entry prices, more tangible utilities, and higher short and long term returns.

So, if you missed PepeFork’s fleeting phase in the memecoin spotlight, there’s no need to worry…as there are more sustainable altcoins that you could be investing in, with this article to unveil which!

PepeFork: A Meme Coin Success Story

PepeFork a pink-inspired Pepe the Frog-themed memecoin, with PORK launching on Uniswap and MEXC as a fork of the popular PEPE token.

For those who don’t know, forking a token refers to creating a new version of an existing token. It is done by duplicating the original code, implementing modifications, and then deploying it as a distinct entity on the same blockchain.

Per its creator Pauly0x, PepeFork was created in response to the community's discontent and mistrust towards the PEPE team - who in recent months, have been accused of mismanagement, lack of transparency, and rug pulling. To provide a better alternative, Pepe Fork then emerged as a project aiming to rebuild confidence and redefine community-driven projects by offering future utility.

When it comes to what this ‘future utility’ is said to be, an NFT trading card game and exciting memecoin collaborations have been cited thus far.

Nonetheless, PORK achieved remarkable success shortly after its launch, reaching a market cap of $290 million in less than a week. In doing so, it even overtook Baby DogeCoin to become the 9th largest memecoin for a brief period.

A combination of factors - such as the Pauly0x’s transparency, a viral marketing campaign, and a unique PEPE-referencing value proposition - helped power the rise of PepeFork. The project also received endorsements from influential figures, such as the artist behind the OG Pepe the Frog aesthetic, Matt Furie.

The Dynamics of a Changing Crypto Market

The crypto market is inherently dynamic, marked by continuous changes and developments. Prices of cryptocurrencies like PepeFork are subject to frequent fluctuations influenced by various factors, including market sentiment, regulatory decisions, technological advancements, and macroeconomic trends.

New investors must recognise that the crypto landscape is fluid, and what may be true today might not hold tomorrow. This acknowledgement sets the stage for understanding that successful investments in crypto require adaptability and an awareness of the ever-changing conditions.

When analysing price trends in the global market, timeframe is the most crucial aspect. It informs all the investment decisions and the expected duration of holding or trading. There are two types of trends: long-term and short-term.

Long-term trends are like marathon races and last for extended periods, such as months, quarters, or even years. Factors like technological innovations, adoption rates, and macroeconomic events influence them.

Some investors prefer to view price charts monthly, quarterly, or yearly to take a long-term approach. For example, the bullish price trend of Bitcoin from 2016 to 2018 is an example of a long-term trend. These trends provide a broader perspective on the potential price trajectories of digital currencies.

On the other hand, short-term trends unfold over days or weeks and are influenced by news events, market sentiments, and trading activities. They are driven by media hype, speculative trading, and the influx of retail investors.

Short-term trends, like the meteoric rise of PepeFork discussed earlier, are valuable for traders who want to capitalise on price fluctuations within a brief timeframe. Day traders, for instance, analyse 1-day, 4-hour, and even 5-minute price charts.

Now let's pivot from theoretical analysis to tangible opportunities. In short, whilst PORK has garnered momentum over the last few days, many are touting $PIKA - the native coin of GameFi metaverse Pikamoon - as a more astute and holistic investment, as showcased by its features across several top 10 crypto lists.

The New Altcoin Potentially Offering More Rewards Than PepeFork

If you missed the PORK pump and are looking for a new and exciting opportunity to invest in crypto, you might want to check out PIKA, the native token of Pikamoon.

https://twitter.com/PikaMoonCoin/status/1722341443346276822

As previously stated, PIKA is the native token and currency of Pikamoon, a Web3 gaming ecosystem that combines NFTs with Player-versus-Player (PvP) and Play-to-Earn (P2E) mechanics.

On the sale side of things, this Ethereum ERC-20 token is currently in its third and final Presale phase. Here, 5 billion of its 50 billion total supply is on offer, at a price of just $0.0006.

As such price point suggests, you can ape-in on this meme-come-GameFi token at its essential ‘bottom,’ before reaping mass rewards once it hits crypto exchanges. Here, PIKA is programmed to be priced at a higher $0.0007.

However, of course, PIKA’s underlying value largely lies in its role as Pikamoon’s governance token.

Here’s some more bullish PIKA facts to consider.

A Sure-Fire 16.67% Price Pump on Launch

As previously implied, many early adopters are currently purchasing PIKA whilst it’s at its lowest price of $0.0006.

Upon launch across top tier crypto exchanges, the GameFi token will be listed at $0.0007, marking an immediate profit of 16.67% for Presale participants. Intuitively, this fact alone has intensified buzz around PIKA, as its immediate and undisputed price appreciation indicates that it’s set for far greater things than $0.0007.

Another bullish aspect to consider is that PIKA will launch with a market cap of $10 million - a figure that’s 30x less than its major GameFi token rivals. As all traders should know, with lower market caps often come with greater scope for growth and monumental price pumps.

A Foundation for Web3’s Next Gaming Sensation

Let’s explore Pikamoon a little further…

Governed by PIKA, Pikamoon is the latest AAA title to come out of Web3. The game is set in the mystical world of Dreva, a virtual magical realm in the ever-expansive Pikaverse, and allows players to explore, battle, and evolve their gamified Pikamoon NFTs - all of which come with a unique semblance of traits and powers, as well as affiliation to one of the six in-conflict elemental factions of Dreva: Earth, Rock, Water, Fire, Air, and Thunder.

By simply playing the game, players earn PIKA tokens, which can then be used to buy, sell, or trade NFTs/in-game items in the Pikamoon Store. Alternatively, PIKA can be exchanged for other cryptocurrencies, and then sold for fiat (i.e. real-world money).

As of today, Pikamoon is in its Beta phase, with a full launch date to be announced in 2024. The Pikamoon Beta is available to download on Android and iOS devices, and hosts both online and offline modes.

Fortnite Developers Working Behind the Scenes

Renowned Kyiv-based video gaming entity Kevuru Games is the development powerhouse behind Pikamoon.

The company has previously helped create popular Web3 and Web2 titles such as Fortnite, Star Wars, Iron Order, Undead Blocks, and many more. With all of such titles reaching the summits of their respective niches, there's no reason why Pikamoon won’t also achieve such feat.

And so with the foundations for achieving gaming stardom, the adoption of Pikamoon - and therefore PIKA - is forecast to hit 7 figures, further doing wonders to the intrinsic value of its native token.

A Deflationary Token With Limited Supply

PIKA is a deflationary token with a limited supply and burning mechanism. Only 50 billion PIKA tokens will ever grace the blockchain.

In addition, 0.5% of every transaction involving PIKA will be burned, reducing the circulating supply and increasing the scarcity and value of the token over time.

With Pikamoon developments set to cause a surge in demand for PIKA, value appreciations will follow accordingly. That being said, it’s also true that early investors who participate in the PIKA Presale will be the ones to profit the most from this bullish dynamic. .

A Passive Income Source for Long-Term Hodlers

PIKA offers multiple ways to generate passive income and rewards for its holders. Besides earning PIKA by simply playing Pikamoon, holders can benefit from various other value-giving features, such as NFT access, P2E NFT upgrades, and staking.

Here, staking features two distinct advantages that can't be observed in memecoin projects such as PepeFork. First, holders earn passive interest on their tokens by locking them up. Second, holders actively participate in keeping the value and longevity of the token through ensuring its scarcity and stability.

A Doorway to FREE Value-Laden NFTs

PIKA provides an exclusive opportunity to join a thriving community of gamers, NFT collectors, and creators.

This is because each $300 PIKA investment is rewarded with a free Pikamoon NFT - i.e. the digital item needed for entering Dreva in the first place.

These NFTs offer entertainment as well as valuable assets that can be traded, sold, or used for exclusive content and features in the Pikaverse.

Better yet, the demand for Pikamoon NFTs is already high due to their limited supply. Rare Pikamoon NFTs - such as the 18 God Pikamoons - can reach prices of $10,000 or more in the secondary market. Additionally, the most common Pikamoon NFTs are valued at $300, therefore providing an instant 1:1 ROI.

A Huge Short & Long Term Growth Potential

With a helping hand from AAA title Pikamoon, PIKA has considerable growth potential, both in the short and long term.

In the short term, the token is expected to surge in value once officially launched on the crypto market (which will occur at a higher price point). As more and more people discover the game and its corresponding token, you can then expect even more green arrows.

In the long term, PIKA will benefit from the continuous developments and innovations of Pikamoon - as well as the all-encompassing Pikaverse, which will host more games, collaborations, and other innovative initiatives.

These features make PIKA a project with gamified utility, entertainment value, income potential, and incentives for long-term holding.

Our Expert Comparative Analysis: PepeFork vs. PIKA

With assimilations sweeping across DeFi, below is our intricate comparison between the two spotlighted memecoins - an analysis that intuitively places PIKA as the superior investment option.

1. Barriers to Entry

As previously mentioned, one of the main attractions of PIKA is its low barriers to entry - i.e. its ongoing cut-price Presale.

On the other hand, PORK has already pumped, reaching a peak market cap of over $290 million and then dropping to less than $50 million in a matter of days. Although millions of dollars still flood this ecosystem, perhaps the PORK ship has sailed.

2. Total Supply

Another factor that makes PIKA a more appealing prospect over PORK is its low total supply of only 50 billion tokens. Such amount creates relative scarcity amongst tokens, further increasing its demand and value.

On the other hand, PepeFork has a whopping 420.69 trillion tokens in circulation, which dilutes its value and makes it more prone to inflation.

A low total supply also means that PIKA has a lower market cap than PORK, which leads us to the next point.,,

3. Market Cap

PIKA will have a $10 million market cap when launched on crypto exchanges, which as previously stated, is 30x less than the market cap of rival GameFi coins. Typically, lower market caps offer better scope for growth and price increases, as they have more potential to multiply in value.

For example, if PIKA reaches the same market cap as PORK at its peak, it would mean a 29x return on investment. On the other hand, PORK would need to reach a market cap of over $8 trillion to achieve the same return, which is a ridiculously unrealistic feat.

4. Burn Rate

PIKA has a burn rate of 0.5% per token sale, which means that a portion of the tokens are permanently removed from circulation every time someone buys or sells PIKA. This reduces the total supply over time and creates a deflationary effect that increases the value of the remaining tokens.

5. Token Image

PIKA has a controversy-free and positive image as part of the Pokémon-inspired Pikaverse. On the artwork front, PIKA aims to capture the charm and charisma of Pokémon’s most beloved character, Pikachu, in order to create a fun and friendly community of crypto enthusiasts.

Conversely, whilst the symbolism of PepeFork will attract those interested in the niche meme of Pepe the Frog, its actual launch has been steeped in controversy that’s hard to ignore.

PORK & PIKA - Conclusion

So far, 2024 has had a wonderful start for memecoin investors. First we saw the rise of PepeFork, and now investors are banking on the potential of PIKA to reap even greater rewards. While inherently volatile, these developments suggest that the memecoin space is still alive and kicking.

Further, some memecoins are created and propagated just for fun and humour. But others, such as PIKA, are integrating GameFi elements to exponentially increase their appeal and utility. This fact alone is why investors are optimistic that coins such as PIKA will offer huge returns in the future, especially if they can leverage the potential of network effects, gaming innovation, and mass adoption.

PORK Vs PIKA - FAQs

What is The Difference Between PepeFork and Pepe Coin?

PepeFork is a fork of Pepe Coin, which means it is a new token that shares some of the code and history of Pepe Coin but has its own unique features and community. PepeFork was created to capitalise on the popularity of Pepe Coin, as well as to introduce some improvements, such as a decentralised exchange, and a non-fungible token (NFT) marketplace,

What is Pikamoon and How Does it Relate to PIKA?

Pikamoon is an upcoming AAA web3 game developed by Kevuru Games, the people who have previously worked on projects like Star Wars and Fortnite. PIKA is the native token of Pikamoon, which will be used for various purposes in the game, such as buying and selling items, upgrading characters, accessing exclusive content, and participating in governance.

What Blockchain do PepeFork and PIKA Operate On?

Both PepeFork and Pika are ERC-20 tokens utilising the Ethereum blockchain. This means they can be stored in any Ethereum-compatible wallet.

How Can I Purchase PepeFork?

PepeFork is available on decentralised exchanges like Uniswap and MEXC. You can acquire it by swapping it with other cryptocurrencies, such as ETH or USDT.

How Can I Purchase Pika?

Pika is currently in its final Presale stage. When Pika launches, you will be able to acquire it on popular crypto exchanges, swapping it with other cryptocurrencies.

What Wallets Can I Use for Storing PepeFork or PIKA?

Both of these are Ethereum-based tokens. So, any Ethereum-compatible wallet - whether a software wallet like MetaMask, or a hardware wallet like Ledger - will suffice for storing PepeFork and Pika.

Read full article on: https://coinpaper.com/3270/altcoin-better-than-pepefork

Disclaimer: This article is not an investment advice and is only intended for educational purposes.