The crypto markets are constantly shifting, with new risks and opportunities emerging every day. Both Ripple and Avalanche (AVAX) are facing increasing selling pressure due to changes in their tokenomics. At the same time, Angry Pepe Fork has increased its presale price by 78%, creating excitement among holders.
Crypto markets are shifting constantly, with new risks and opportunities emerging every day.
Both Ripple (XRP) and Avalanche (AVAX) are facing increasing selling pressure due to changes in their tokenomics. At the same time, Angry Pepe Fork has increased its presale price by 78%, creating excitement among holders.
Here's a closer look at each:
Ripple (XRP) Facking Major Tokenomics Earthquake
The so-called blockchain for institutions, Ripple (XRP) boasts some of the highest rates of institutional adoption. Thanks to its solution for international payments, it is attracting significant interest. At the same time, however, the token was weighed down by its ongoing legal battle with the SEC. Still, things are looking up on that front.
Recently, Ripple has secured a partial victory against the SEC. Critically, the court noted that transactions on crypto exchanges do not qualify as security sales. However, despite this victory, Ripple was recently on the decline.
At the current price of $0.5285, Ripple saw a 13.52% drop over the past week. The main reason for that is the major token unlock event, which released one billion Ripple on the market. With about 60 million Ripple in circulation, this is a major increase in token count. The increased supply of Ripple tokens will likely put downward pressure on its price.
Avalanche (AVAX) Facing Looming Selling Pressure
Similarly to the issues facing Ripple, Avalanche (AVAX) too is witnessing a major shift in its tokenomics. The layer 1 smart contacts platform which supposedly scales indefinitely will see a major token unlock event.
In several weeks, some 9.54 million Avalanche tokens, valued at about $200 million, will hit the markets. Since AVAX’s market cap is only $8 billion, this unlock is likely to cause major selling pressure. So far, markets have not reflected this issue. The token has been trading positively over the last week and month.
What is more, yearly growth has been substantial, seeing Avalanche increase 118.96% in price. The strong yearly performance suggests that markets are reacting positively to Avalanche’s long-term plans. Still, as new liquidity enters the market, it will be difficult to find enough buyers to sustain AVAX’s positive momentum.
Angry Pepe Fork (APORK) Hacks Zombie Memecoins
While Ripple (XRP) and Avalanche (AVAX) are struggling, one token seems to be on the rise. Angry Pepe Fork (APORK) is a new memecoin that brings real utility and innovation to the markets. This token, in its presale stage, has already soared 78%.
While other memecoins rely only on hype, Angry Pepe Fork has a plan. Its unique “Conquer to Earn” mechanism gives the most active members rewards for promoting it. This ensures that the most loyal followers gain rewards, while also strengthening its community.
The best part is that active users can start earning rewards during the presale. This means that traders who get in early will earn the most rewards. Early birds will also benefit from the lower price, currently at $0.025. This was a 78% increase from the original presale price of $0.014.
Unlike many other memecoins, including Doge, Angry Pepe Fork has a fixed supply. This means that there will never be more than 1.9 billion APORK tokens. This strong tokenomics helps ensure that APORK will continue to reward its holders for a long time.
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