PepeFork Price Prediction: PORK Soars More than 600% in One Week as Analysts Say This New Meme Coin Could Explode.

adminFebruary 3, 2024

join us telegram A channel to stay up to date on breaking news coverage

PepeFork price has soared above. 600% Traded in one week It’s at $0.0000006083 as of 9 a.m. ET as investors bet big on the new thing. Nana coin.

It’s been a roller coaster ride around the clock and is currently up more than 3% for the period.

PepeFork price has entered a short-term consolidation.

TradingView Charts

PORK/USDT 1-hour chart (Source: TradingView)

PepeFork price is attempting to break above the $0.0000006795 resistance level, which is also the mid-level of the consolidated channel the cryptocurrency has been trading in for the past few hours. If we close the 1-hour candle above this important price range, we may attempt a breakout above the sideways channel.

This bullish argument may be invalidated if PepeFork price fails to close a 1-hour candle above $0.0000006795 within the next 12 hours. In this alternative scenario, PORK could fall to the immediate support level of $0.0000003850.

Technical indicators warn of a brief correction in the PepeFork price.

Technical indicators on the altcoin 1-hour chart suggest that the PepeFork price may decline in the coming hours. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are bearish.

The MACD line is falling below the MACD signal line, which is generally considered a sign that the cryptocurrency’s negative trend is getting stronger. Sellers appear to have the upper hand on the hourly charts as well, given that the RSI line lies below the simple moving average (SMA) line. However, RSI is rising towards the SMA line. This may be an early sign of disease. cryptocurrency We are entering a short-term bullish period.

As PepeFork attempts to establish itself in the cryptocurrency market, Sponge V2 is fast-tracking its roadmap and migrating to the highly scalable Polygon network.

Open to countless opportunities

that much sponge The team decided to move up the planned migration date to Polygon. This pivot is in response to recent malicious attacks on liquidity pools. Due to the transition to a Layer-2 network, the project plans to discontinue the Sponge V1 token to accelerate the launch of the V2 token.

🚨Important Information🚨
The V1 snapshot will be taken on February 5th at 11:00 PM UTC. $sponge V1 will stop immediately.
Follow this thread to migrate your decentralized and centralized tokens to V2 before it’s too late! 👇
🧵 1/4 pic.twitter.com/qPSTIX6dNT
— $SPONGE (@spongeoneth) February 2, 2024

The switch from Ethereum to Polygon will not only reduce transaction costs for Sponge V2 token holders, but also open up a wide range of opportunities as the project attempts to enter the thriving blockchain gaming sector.

With the release of Sponge V2, the project will present a money-making racer game. This game is available in paid and free versions. The biggest difference is that players on the paid version have the opportunity to earn Sponge V2 tokens and use V2 tokens as credits in the game, providing a utility layer to the Sponge ecosystem.

Potential for 100X

🚨Important Information🚨
The V1 snapshot will be taken on February 5th at 11:00 PM UTC. $sponge V1 will stop immediately.
Follow this thread to migrate your decentralized and centralized tokens to V2 before it’s too late! 👇
🧵 1/4 pic.twitter.com/qPSTIX6dNT
— $SPONGE (@spongeoneth) February 2, 2024

Most new cryptocurrency projects advertise to investors that they have the potential to achieve 100x growth. What sets the Sponge V2 token apart from its competitors is the fact that the Sponge team has a proven track record of generating this level of growth after soaring 100x following the launch of Sponge V1 last year.

It also achieved the highest market capitalization of $100 million. YouTube cryptocurrency analyst Jacob Burb says Sponge V2 has the potential to explode upon launch.

Adding to the growth potential is the migration to Polygon and expansion into the blockchain gaming sector. These factors combined indicate that the project has a strong fundamental foundation for growth in the near future.

You can obtain Sponge V2 here.

A new cryptocurrency mining platform – Bitcoin Minetrix