The Bitcoin price has tumbled, breaking its three-day consolidation and solidifying its break below the ascending parallel channel. However, according to a renowned BTC veteran Samson Mow's prediction, Bitcoin is set to undergo an explosive rally in price. He attributes this to some entities shorting BTC massively on futures, adding that they will likely get annihilated soon as the coin surges. Amid his sentiment, the altcoin market is also set to undergo a rally that might see the likes of Ethereum (ETH), Floki Inu (FLOKI), Binance (BNB), Notcoin (NOT), and Angry Pepe Fork (APORK) record impressive price surge.
This comes at a time when most altcoins have been undergoing price corrections, except Angry Pepe Fork which continues to record impressive performance in just its stage one presale. This coin is set to become one of the best altcoins, offering investors a chance to enjoy a 200% surge in 2024.
Angry Pepe Fork (APORK): A Community-Driven Altcoin with Real Utility and Potential for 200% Growth
Angry Pepe Fork (APORK) will redefine the altcoin market by providing a unique chance for the ecosystem token holders and participants to earn easily through its Conquer to Earn model. Members of the Angry Pepe Fork coin will collectively start to earn through staking their crypto, where the APY gained will increase the number of Zombie coins conquered.
Moreover, every user can also get the APORK tokens by demonstrating solid performance on the battlefield. Doing so also gives them a chance to become members of the Angry Pepe Fork community. By staking APY, each user also gets the chance to determine the time frame within the APORK ecosystem that they want their cryptos to be locked.
For example, users can lock up their APORK tokens for 30, 60, and 90 days, with the highest lock days offering higher earnings. To showcase its commitment to the altcoin market, this Solana-based coin is also looking for new partnerships that can provide additional utility for the APORK ecosystem while driving up its demand.
Angry Pepe Fork also has a limited supply of just 1.9 billion tokens, with its value starting at just $0.014 in its stage one presale. Analysts also believe that APORK is one of the altcoins to watch in June, with a potential to surge by 200% by the time it concludes its presale stages, making it one of the best altcoins to buy in 2024.
Ethereum (ETH) Whales Circle Amid Price Drops
Ethereum (ETH), one of the best altcoins to invest in and the second largest crypto by market cap, has been creating a perplexing scenario for investors in the past weeks. Despite the coin's noticeable dip in price, on-chain data has revealed that larger investors, also known as whales, are still accumulating Ethereum coins. Despite technical indicators suggesting a weakening uptrend, this move signals a potential buying chance, leaving ETH’s near-term future uncertain.
In a recent analysis by NewsBTC, wallets holding more than 10,000 Ethereum tokens seem to be acquiring more tokens since the end of May. This current surge in Ethereum holdings by large investors suggests that the current dip in ETH price offers an attractive entry point, as investors anticipate a price surge soon. However, the near-term future for Ethereum hinges on the emergence of a significant catalyst. Moreover, Broader market sentiment might also play a vital role, with a positive shift and new developments set to reignite an uptrend in the price of Ethereum.
Floki Inu (FLOKI) Volatility Showcases Social Media Dependency Amid New Developments
Floki Inu (FLOKI) recorded a significant 530% surge in early March 2024, reaching a high of $0.000031. However, the price of Floki Inu later dipped by 25% due to a 50% decline in social media engagement, showcasing the coin’s impact of relying on social media platforms. Despite this setback, Floki has been showing market resilience as it tries to recover from its dipping trend.
However, this altcoin still remains highly volatile, with an 18.41 fluctuation rate for the past 30 days. The RSI for Floki is 71.33, which indicates that this crypto has been overbought, suggesting a potential price drop. However, the introduction of Floki Name Service, a decentralized domain feature that will enable users to create .floki domain names, is set to enhance its utility while providing users with new ways of engaging with the ecosystem. This launch might also influence the price of Floki, leading to a price rebound and making Floki the best crypto investment of 2024.
Binance Coin Price Retraces After Hitting ATH
Having hit its all-time high last week, Binance coin, one of the top 10 altcoins, is undergoing a price correction. The RSI level for the Binance coin is currently below its neutral 50 level at around 49.91, indicating a balanced but silently bearish trend. However, the MACD for BNB suggests that a bullish momentum is starting to build. Also, Binance coin is indicating a high social volume topped with a spike in dominance, indicating that it’s still a popular topic of discussion within the crypto market and will remain so for the foreseeable future.
The trading volume for Binance coin derivatives has also rallied by 157.99%, as it has been for the past 10 days. Considering market sentiment and technical setup for this best crypto, BNB might continue to undergo some level of volatility as it seeks to find a new balance. However, if it holds its momentum and the broader crypto market remains bullish, then Binance coin will successfully push past its all-time high of $717 by the end of the week.
Notcoin Price Aiming for a Price Rebound Over its Falling Wedge Pattern
Following Notcoin’s peak with an all-time high of $0.02836, NOT price has since traced a dipping trajectory within a falling wedge pattern. This bearish stance is supported by Notcoin’s trading below the 50-day SMA. Additionally, the RSI for Notcoin also indicates that the asset is highly oversold.
However, analysis suggests sellers have the upper hand in driving the NOT price through strong bearish trends. If the bears can sustain the pressure, then Notcoin might retrace further to its support zone of around $0.013. Moreover, if the bulls use the $0.0156 support region, then they might drive the token toward a bullish trend reversal while targeting $0.027.
Will Angry Pepe Fork Outshine the Other Top Altcoins in 2024?
While the other four top altcoins have showcased impressive market performance, Angry Pepe Fork is emerging as one of the hottest Solana-based coins that will conquer the 2024 altcoin market. This community-driven crypto stands out through its unique system, offering its investors a chance to enjoy a massive ROI.