As ShibaFork Soars 56,986%, All Eyes on Upcoming Eco-Friendly Crypto for Massive Gains

cryptonews.com:

As ERC-20 meme coins surge back into the scene, a new SHIB spinoff token named ShibaFork has exploded a jaw-dropping +56,986%.

This article will provide an analysis of ShibaFork’s current price trends and look to see whether a newer meme coin, Green Bitcoin, represents a more promising investment opportunity at this time.

ShibaFork Is The First-Ever Upgrade Of The Viral SHIBA Inu Meme On ETH. pic.twitter.com/l0HpP1KDdV

— ShibaFork (@ShibaForkCrypto) February 24, 2024

In a humorous play on the popular meme coin DogWifHat, and the resurgence of Bitcoin forks on the market, the SHIB spinoff token brands itself as ‘Shiba with a fork’ – a joke clearly catching viral interest in the crypto community.

With price action continuing to press upwards, ShibaFork is currently trading at a market price of $0.029 (representing a 24-hour change of +59,544%).

This comes after SHIBAFORK launched at an initial price of $0.0001 at 2AM (UTC) on February 28, in a listing that gained almost instant traction – despite being away from the central gravity of meme coin trading on Solana.

Now, 8-hours of consecutive green candles have left ShibaFork price in strong form, with a new all-time high being created hour-after-hour in an ongoing skyrocket move.

This has created a good technical structure, with a brilliant ascendant trading channel revealing the short-time frame trajectory, and lower support levels provisionally established at $0.0069 and $0.02 – offering potential relief in the event of a downtick move.

The major pump has been fuelled by an influx of $377k in trading volume so far, with the rally bolstered by the patience of 313 holders.

Yet, some concern emerges from ShibaFork’s already enviable market cap – which stands tall at $12.56m –