Pi Network Bearish Pressure Mounts – Why Angry Pepe Fork ($APORK) May Be the Safer High-Yield Bet
The post Pi Network Bearish Pressure Mounts – Why Angry Pepe Fork ($APORK) May Be the Safer High-Yield Bet appeared on BitcoinEthereumNews.com. Crypto News There is a rising sell pressure on the Pi coin fueled by token unlocks and different confusing staking models. This dropping confidence in the Pi coin is raising investors’ search interest in another safer, higher yield alternative, and Angry Pepe Fork is filling this void perfectly. The 10,000% APY staking and deflationary mechanism positions Angry Pepe Fork ahead of the Pi coin, showing a potential for a breakout while Pi continues postponing milestones. But with the crypto market getting even more volatile than ever, here’s why the Pi coin could be falling further, seeing more investors losing their position. On the contrary, the early-stage investment opportunity of the $APORK token might be a top option for investors to diversify their portfolio for a higher reward this year. What Are Pi Network’s Current Bearish Factors? As the Pi Network continues to unlock more tokens, the market keeps overflowing with Pi tokens, fueling a selling pressure, but according to them, there’s more to come. The Pi network, scheduled to unlock for July 4, is another date in the eye of many analysts who think this could be another catalyst for raising the already high selling pressure. With a projected 268M Pi set to hit the market, the highest since it started, analysts believe this could significantly expand the demand-to-supply ratio, leading to more supply than demanded. According to classical economic theory, the rising supply could only lead to a price fall, which is already reflected in the Pi price chart. While the hype around the Pi Network is still considerably high, the price has refused to rise to its previous ATH, dropping further by 23% in the last 7 days. This drop is already showing a bearish momentum from both the RSI and MACD indicators as the price continues to…
The post Pi Network Bearish Pressure Mounts – Why Angry Pepe Fork ($APORK) May Be the Safer High-Yield Bet appeared on BitcoinEthereumNews.com.
Crypto News There is a rising sell pressure on the Pi coin fueled by token unlocks and different confusing staking models. This dropping confidence in the Pi coin is raising investors’ search interest in another safer, higher yield alternative, and Angry Pepe Fork is filling this void perfectly. The 10,000% APY staking and deflationary mechanism positions Angry Pepe Fork ahead of the Pi coin, showing a potential for a breakout while Pi continues postponing milestones. But with the crypto market getting even more volatile than ever, here’s why the Pi coin could be falling further, seeing more investors losing their position. On the contrary, the early-stage investment opportunity of the $APORK token might be a top option for investors to diversify their portfolio for a higher reward this year. What Are Pi Network’s Current Bearish Factors? As the Pi Network continues to unlock more tokens, the market keeps overflowing with Pi tokens, fueling a selling pressure, but according to them, there’s more to come. The Pi network, scheduled to unlock for July 4, is another date in the eye of many analysts who think this could be another catalyst for raising the already high selling pressure. With a projected 268M Pi set to hit the market, the highest since it started, analysts believe this could significantly expand the demand-to-supply ratio, leading to more supply than demanded. According to classical economic theory, the rising supply could only lead to a price fall, which is already reflected in the Pi price chart. While the hype around the Pi Network is still considerably high, the price has refused to rise to its previous ATH, dropping further by 23% in the last 7 days. This drop is already showing a bearish momentum from both the RSI and MACD indicators as the price continues to…
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