The crypto market is as dynamic as ever, with a significant surge among some of the most talked-about tokens. These include coins such as Angry Pepe Fork (APORK), Toncoin (TON), and Ethereum Name Service (ENS).
The crypto market is showing signs of life once again, with some of the most talked-about tokens experiencing a significant surge. These include coins such as Angry Pepe Fork (APORK), Toncoin (TON), and Ethereum Name Service (ENS).
As the dust settles and the market prepares for the next phase of bull run, here's a closer look at these three crypto performers and why they might be worth considering for your portfolio.
TON Price Awaits Breakout, As Ens Price Prediction Places It In Positive Outlook
With the crypto market regaining a bullish trend, a new gem known as Angry Pepe Fork has captured the attention of many. The coin, which is currently in its stage one presale, has managed to hit the over $200K presale fund and is eyeing a 100x surge potential by the time it completes its presale stages.
The unique aspect of Angry Pepe Fork lies in its conquer-to-earn model, which aims to address the challenges and limitations of traditional meme coin staking options. The system also incentivizes individual user participation by offering additional recognition and rewards for their contributions. This offers users an extra way of receiving value apart from staking while fostering a strong community spirit and active participation.
Moreover, the coins presale has already hit over $200K and is expected to hit the $1M mark by the end of the month. To mitigate the price volatility that's mostly associated with meme coins and promote long-term stability in the coin’s value, the Angry Pepe Fork project has introduced a cap on its total supply of just 1.9 billion tokens. This approach, also known as token scarcity, aims at limiting the overall circulation of the token within the ecosystem while potentially pumping its price up.
Furthermore, with many projects struggling to offer real-world utility, Angry Pepe Fork has prioritized this aspect as it aims to outperform competitors by offering the most valuable features to its community. The coin’s focus on utility combined with a higher ROI potential positions Angry Pepe Fork as the best crypto investment of 2024—something that has been backed by crypto experts, including Professor Crypto, on his YouTube Channel.
Toncoin (TON) is another promising crypto that has roots in the Telegram Open Network. However, it is also experiencing the effects of the adverse global political climate. Regulatory scrutinies and political uncertainties have been casting a shadow over its market performance.
Moreover, the price of TON seems to be undergoing a rising wedge pattern owing to its significant uptrend since its launch. The price of Toncoin has fallen below the 20-day exponential moving average, owing to the ongoing broader market slump. This price has been consolidating, eyeing to breakout in either direction.
If the Toncoin price manages to surge past the $7.43 level, then the coin’s price will surge further to test the $7.70 resistance level. Moreover, if the price dips below the $6.62 level, then it’s likely that this coin will test the $6.46 critical support region.
Toncoin remains a top crypto to invest in owing to its unique market performance, as highlighted by XBT Manager, a crypto analyst.
Ethereum Name Service (ENS) has also been making waves in the crypto market, largely due to its network growth and community involvement. The price of ENS has been trending inside a sizeable rising channel since July 5. Rising channels are well-known for breaking out to the downside.
The price of Ethereum Name Service also recently broke downward from its short descending channel, hitting the bottom trendline of the rising channel. The price action for Ethereum Name Service has also been trending below the 21-day, 50-day, and 200-day SMA. The 200-day SMA is currently offering some resistance to the ENS price.
A break above this indicator might result in a 4.11% rally to $26.65, which also coincides with a falling trendline acting as a crucial resistance. If Ethereum Name Service manages to break above this trendline, it may continue to surge by 17% to trade around the $31.83 mark.
Data from Santiment also indicates that ENS has grown in its network, positioning it among the best cryptos to buy now.
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