Published
2 days ago on
June 27, 2024
Table of Contents
- Spot Bitcoin (BTC) ETFs End Outflows, Market Looks Optimistic
- Floki (FLOKI) Price Pump Slows Despite Positive Signals
- Market Experts Identify Angry Pepe Fork (APORK) As The Next Big Thing
- Conclusion
Bitcoin (BTC) has finally broken its 7-day negative streak, which happens as the crypto market begins to show signs of recovery. At the same time, the meme coin market is experiencing a shift, with market experts backing the new Angry Pepe Fork (APORK) to be the top gainer over one of the meme coin titans, Floki (FLOKI).
Spot Bitcoin (BTC) ETFs End Outflows, Market Looks Optimistic
United States-based spot Bitcoin exchange-traded funds (ETFs) finally experienced a reversal with net inflows of $31 million following a week of net outflows. Although over $1.1 billion left in outflows in the past week, the net inflow of cash into Spot Bitcoin ETFs since January still stands at over $14.4 billion.
The return of investment into spot ETFs coincides with the Bitcoin price finally showing some upward movement in three weeks. Although the price of Bitcoin is currently hovering around the $62,000 range, Material Algos posted that as long as BTC remains above the support level at $56.5k, the bull market is still on.
Floki (FLOKI) Price Pump Slows Despite Positive Signals
Despite the recent price recovery in the meme coin market, Floki (FLOKI) has been trading flat. The price pump of May has stalled, with Floki Inu failing to recover above the $0.000200 resistance level. Although the meme coin has remained largely in consolidation, there are some positive signs.
Based on historical data showed that when Floki had a similar MVRV ratio to its current one at 36.34%, it led to substantial price increases. With $0.00016 serving as a solid support level, the meme coin could record an increase of almost 100% if historical trends are repeated. This means that the 1,140 addresses that bought 35.97 billion FLOKI around the $0.00016 range got a good bargain.
Market Experts Identify Angry Pepe Fork (APORK) As The Next Big Thing
Noah, a top figure in the Web 3 space, Angry Pepe Fork (APORK), is set to be the next big thing in the meme coin space. Angry Pepe Fork has been the rave of the moment because of its new “Conquer To Earn” mechanism that market experts are sure will play a major role in shaping the future of the meme coin space.
This new Solana-based project aims to change how we approach the meme coin space by defeating zombie coins that lack utility in the market. Members of the community who play a role in finding and removing these coins to establish a higher position for Angry Pepe Fork are rewarded with APORK tokens, encouraging greater community participation.
In addition to bringing more utility that many top meme coins lack, Angry Pepe Fork has an improved tokenomics model, with only 1.9 billion $APORK coins. According to industry experts, this model will ensure that there is scarcity for APORK, giving it the opportunity to rise above many top meme coins in the long run.
Because of its appealing features, Angry Pepe Fork is now the most in-demand Solana-based token in presale, with over $169k raised in just days. The APORK coin is priced at $0.014 per coin, but market experts suggest it could hit $1 before the year ends, making it the best crypto to invest in for massive returns this year.
Conclusion
Although the past few weeks have been rough for Bitcoin and Floki, technical indicators suggest that their prices could still rise over the next few weeks. However, all eyes are on Angry Pepe Fork as its exciting new model that looks to change the meme coin market has made it the best crypto to invest in.
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