It is the battle of the blockchains again. The contestants this time around are Solana and Ethereum altcoins. Presently, the price of Ethereum altcoins
Solana Altcoins Lead The Way As Shiba Inu Struggles Amidst Bear Pressure
The battle of the altcoins continues unabated in 2024. After a stellar performance last year, which saw several altcoins posting triple-digit gains, the market has shifted into consolidation mode. However, some altcoins are still managing to defy the overall bearish sentiment and eke out gains for their holders.
Among the best-performing altcoins this year are those built on the Solana blockchain. Several Solana altcoins have outperformed their Ethereum counterparts, which have been largely affected by the volatility in the crypto market.
One of the biggest gainers among Solana altcoins is Angry Pepe Fork. As a meme coin on the Solana blockchain, Angry Pepe Fork is building a strong community of users that will take the MemeFi sector to the next level. Its potential and features have caught the attention of top YouTubers in the crypto market, like CryptoDexWorld.
They believe that Angry Pepe Fork is a golden opportunity for those who missed out on former coins like Dogwifhat and Bonk. Presently in the first stage of its presale, Angry Pepe Fork is priced at $0.014, a good price for any investor who is serious about making a profit this year. Market watchers forecast the value of Angry Pepe Fork will surge by 200% in the coming months and advise traders to waste no time.
Another Solana altcoin that has performed well this year is Popcat. Despite most of the altcoins being in the red zone, the Popcat has been on the positive trend in the last few weeks. Popcat is one of the altcoins that can have even bigger gains in the future due to the positive outlook on the weekly, bi-weekly, and monthly time frame.
Finally, Dogwifhat is another Solana altcoin that has woken up from its recent slumber and could climb to new highs in the coming months. The altcoin price has shown gains of 16.1% on the weekly chart and 7.5% on the biweekly chart.
On the other hand, Ethereum altcoins have not fared as well this year. Two of the largest altcoins on the Ethereum blockchain, Shiba Inu (SHIB) and Pepe (PEPE), have been struggling with bearish pressure for the past few weeks. However, there is still some optimism among traders that these altcoins could make a recovery before the end of 2024.
Shiba Inu (SHIB) Struggling With Bears
One of the largest altcoins on the Ethereum blockchain, Shiba Inu (SHIB), is still asleep even with the positive momentum that has returned to the market. Price data from CoinMarketCapshows the price of Shiba Inu is bearish on the weekly and monthly price charts. However, all hope is not lost. The Shiba Inu coin is bullish on the YTD timeframe with a gain of 126.8%. TraderDaink is optimistic about the token and predicts the value of Shiba Inu could rise to $0.0000400 in the coming months.
Pepe (PEPE) Remains Afloat Despite Bearish Pressure
Without any utility, Pepe (PEPE) is among the best-performing altcoins this year. Starting 2024 on a slow ride, the price of Pepe skyrocketed to a peak of $0.00001718 in May. Although Pepe has suffered some losses in the past month, it is still one of those cryptos you do not want to write off. The Pepe price is trading in the red on the weekly and monthly timeframes but is in the green zone on the biweekly and YTD charts. A post from WhaleInsider shows whales are accumulating Pepe Coin, a sign they are still optimistic. Analysts predict a potential price increase to $0.00001903 soon.
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