Solana

Pepe

Angry Pepe

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Solana faces price pressure from lower memecoin volumes as new challengers like Angry Pepe Fork emerge against established players like DOGS.
<a href="https://crypto.news/market-cap/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> has been seeing increased pressure on its price, thanks to lower memecoin volumes. Amid this shifting memecoin landscape, <a href="https://angrypepefork.com/" target="_blank" rel="noopener noreferrer nofollow">new contenders</a> are challenging more established players like DOGS.&nbsp;
<h2 class="wp-block-heading" id="solana-takes-a-beating-amid-memecoin-pressure">Solana takes a beating amid memecoin pressure</h2>
<a href="https://crypto.news/market-cap/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> faces continued downward pressure on its price due to slowing memecoin activity. Since March, Solana dominated memecoin trading, mostly thanks to <a href="http://pump.fun" target="_blank" rel="noopener noreferrer nofollow">Pum</a><a href="http://pump.fun" target="_blank" rel="noopener noreferrer nofollow">p</a><a href="http://pump.fun" target="_blank" rel="noopener noreferrer nofollow">.fun</a>. This memecoin launchpad made launching tokens easier than ever, leading to an explosion in activity.
Tokens like BONK and Pepe, based on Solana-blockchain, dominated trading activity, surging upwards of 10000% in months. Moreover, notable celebrities, including Caitlyn Jenner and Iggy Azalea launched their own memecoins on Solana. However, the party was soon to be over.&nbsp;
The dismal performance of Solana-based celebrity tokens, as well as hype cooling off, left traders holding the bag. This contributed to Solana’s monthly <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">decline of 16.20%,</a> putting the token at $128.72.&nbsp;
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/ada-short-positions-spike-experts-double-down-on-dogecoin-angry-pepe-fork/"> ADA short positions spike; experts double down on Dogecoin, Angry Pepe Fork </a>
<h2 class="wp-block-heading" id="dogs-faces-volatility-amid-memecoin-decline">DOGS faces volatility amid memecoin decline</h2>
The general decline of the memecoin sector impacted most major tokens. This includes DOGS, a TON-based memecoin that was dominating the charts earlier this month.&nbsp;
Among the reasons for DOGS’s sudden rise was the arrest of the Telegram founder Pavel Durov. In solidarity with the founder, whose arrest many in the crypto space saw as unjust, crypto traders began posting about the DOGS token. They urged other traders to buy DOGS to show support for Durov.&nbsp;
Still, this excitement about DOGS didn’t last long. Over the last month, <a href="https://coinmarketcap.com/currencies/dogs/" target="_blank" rel="noopener noreferrer nofollow">DOGS fe</a><a href="https://coinmarketcap.com/currencies/dogs/" target="_blank" rel="noopener noreferrer nofollow">ll 34.16%</a>, showing that it is not immune to broader market trends. For that reason, another token is waiting for its time to take its place.&nbsp;
<h2 class="wp-block-heading" id="angry-pepe-fork-eyes-dogs-place-in-next-cycle">Angry Pepe Fork eyes DOGS place in next cycle</h2>
Despite the overall crypto market downturn, one token is on the rise. <a href="https://angrypepefork.com/" target="_blank" rel="noopener noreferrer nofollow">Angry Pepe Fork</a> is aggressively expanding during its presale, with a mission to change how memecoins work.&nbsp;
The token offers unique utility to its holders, especially those most active in the community. For one, holders can stake tokens immediately, and gain high APY yields even during the presale. The most active members will earn rewards through its “Conquer to Earn” model. This means that players can complete quests to earn additional yields, boosting their profits even further.&nbsp;
This community-driven project also has strong tokenomics. APORK has a fixed supply, meaning that it will not see inflation eating at holders’ profits. For that reason, traders are excited about Angry Pepe Fork, propelling it to the next stage of its presale.&nbsp;
So far, APORK increased 78% to $0.0025, reflecting strong interest investor interest. Thanks to its unique utility. Angry Pepe Fork has the potential to change how memecoins work, earning high yields to those that get in early.&nbsp;
For more information, visit the <a href="https://angrypepefork.com/" target="_blank" rel="noopener noreferrer nofollow">Angry Pepe Fork presale website</a> or join the community on <a href="https://t.me/AngryPepeFork" target="_blank" rel="noopener noreferrer nofollow">Telegram </a>and <a href="https://x.com/AngryPorkCoin" target="_blank" rel="noopener noreferrer nofollow">X.</a>
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bonk-surges-with-massive-jump-as-avalaunch-angry-pepe-fork-ride-the-wave/"> Bonk surges with massive jump as Avalaunch, Angry Pepe Fork ride the wave </a>
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Solana price tanks as new altcoin sensation looks set to conquer DOGS

Table of Contents

crypto.news

Other articles published on Sep 13, 2024

Magic Eden Launches New US Domain, Separates Services for US and International Users

Coinpedia Fintech News

South Korean Cryptocurrency Exchange Upbit Announced That It Will List This Altcoin!

Trump teases launch date for crypto project to ‘leave outdated banks behind’

OpenAI Launches New AI Model Designed to ‘Think’ Before Answering

Aptos Welcomes Brevan Howard, BlackRock, and Hamilton Tokenized Funds by Libre

Join our free newsletter for daily crypto updates!