PepeFork Explodes on Solana as New Play-to-Earn Meme Coin Secures $500,000
Solana meme coin markets are once again buzzing with activity, and Pepefork (PORK) has quickly become a favorite among retail traders positioning for the next bull run phase.
This article will provide an analysis of PORK’s current price trends and look to see whether another newer meme coin represents a more promising investment opportunity at this time.
PepeFork $PORK @PorkCoinETH pic.twitter.com/Eqp4Kd9QY4
— Yoss3xo.eth (@Yoss3x0) May 20, 2024
It’s evident that Solana meme coin markets have transformed into the epicenter of activity in the 2024 bull market, attracting retail traders globally who are eager for substantial returns.
Now, in the latest overnight skyrocket, frog-themed Pepefork has exploded in the charts, and it could be set to go a whole lot higher.
As Pepefork holds form in the emerging upside trading channel, PORK is currently trading at a market price of $0.00001662 (representing a 24-hour change of +447%).
This comes after PORK price exploded upon launch, in a magnificent +2,500% opening move that saw quick-fire success on the Raydium DEX market.
A minus -85% price correction has ensued in the hours since, in a typical reflection of Solana meme coin volatility, yet, in a key sign of strength, support has been established above the $0.0000125 price level.
In recent hours, upside price action appears to be resuming with a new trading channel forming with growing divergence in the Bollinger band, suggesting increased elasticity in volatility – symptomatic of an impending upside move.
Yet, the value proposition from PORK price remains alluring, with a minuscule market cap of just $16k – this coin could pump to a 100x return, if previous action is to repeat itself.
But of course, it could also be that Pepefork’s best
Read more on cryptonews.com
