PepeFork (PORK) Rally Slows, But Charts Points To Massive Upswing for Cardano (ADA) and KangaMoon (KANG)
Release: 2024/02/08 16:10 Reading: 784
PepeFork (PORK), one of the fastest-rising memecoins over the past few weeks, appears to be losing steam. While PORK is still up by an impressive 140% on the weekly chart, it has lost the support level at $0.000000600.
While the meme coin appears to be losing steam, technical analysis of price charts has hinted at a potential upswing for Cardano (ADA) and KangaMoon (KANG). Read on to find out why these altcoins are poised for a massive upswing.
PepeFork (PORK) Rally Slows, Loses $0.000000600 Support
In the early weeks of 2024, PepeFork (PORK) was one of the most outstanding memecoins. PORK, which was released as a fork of the already successful Pepe Coin, immediately gained popularity among crypto investors and dealers.
PepeFork’s tremendous popularity has pushed the meme coin up more than 550% on the monthly chart. PORK prices have risen by more than 140% in the last seven days. However, following the remarkable rally, the meme coin looks to be slowing down.
The PepeFork price has fallen by more than 30% since its all-time high of $0.0000009134. As a result, memecoin has fallen further below the $0.0000006000 support. For a potential rally, the altcoin price must break above the $0.0000006000 level.
Charts Point To Potential Cardano (ADA) Price Rally
Unlike PORK, Cardano (ADA) has been stagnant over the past few weeks. The altcoin price has remained around the $0.4800 level. Despite its range in price, technical analysis suggests that the Cardano coin could experience a breakdown soon.
Firstly, the negative MVRV ratio suggests that the Cardano coin might be undervalued. The increasing number of active addresses and network activity suggests that an ADA price pump could be on the way soon.
In addition, there is an estimated $300 million in liquidation levels at the $0.450 and $0.480 support levels. Santiment has also reported that there could be a price break out for Cardano soon.
KangaMoon (KANG) Set for Massive Surge in 2024
With PORK slowing down and Cardano preparing for a potential surge, KangaMoon (KANG) has emerged as the next big opportunity for crypto investors. There are predictions that this new meme coin will surpass PORK. While it has even greater explosive potential, the utility of KangaMoon will ensure that its rally lasts for a longer period.
KangaMoon’s goal is to transform the memecoin industry and create the most lively and engaged community in the crypto-verse. The DeFi project’s purpose is to gather attention from all corners of the crypto industry and establish KangaMoon as the top meme coin.
Meme coin enthusiasts can compete in tournaments and contests, earning awards and incentives. KangaMoon also provides additional options for users to acquire free tokens directly. It enables individuals to place bets on other players and share in their success. Notably, KANG token holders receive a variety of perks within the KangaMoon ecosystem.
Firstly, they can sell their rewards or assets on the KangaMoon marketplace. Also, they enjoy governance rights and have a say in the platform. KANG is currently valued at $0.005 per coin in its initial presale phase. However, as the DeFi project gains more traction, KANG is expected to rally by up to 100x in 2024, attracting investors to the project.
Closing Thoughts
With the PepeFork rally losing steam, altcoins like Cardno and KangaMoon have become the best options for investors. While KangaMoon is still relatively new, the exciting concept it brings has made it a top contender for the memecoin of the year.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
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