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Santiment says the increase in short positions could be bullish for Cardano, while experts continue to show support for Dogecoin and Angry Pepe Fork.
Santiment has said that the rising short positions involving Cardano could be bullish for the altcoin. While the on-chain analytics firm anticipates an increase in the ADA price, Dogecoin and Angry Pepe Fork are two of the promising altcoins to buy, based on the recent comments from top experts.
Santiment says rising Cardano shorts is a bullish signal
Despite experiencing a slight recovery after a 2-week-long decline, traders are still betting against Cardano (ADA). At the same time, the leading on-chain analytics firm, Santiment, sees the rising short position against Cardano as a bullish sign for one of the top altcoins. Coinglass data confirms the increase in Cardano shorts, with the long/short ratio for ADA at 0.9755.
Santiment suggests that the liquidation of short ADA positions could serve as a catalyst for Cardano’s price increase. Adding more fuel to the fire, a previous analysis from Santiment looked at the ADA and XRP 30-day MVRV ratios. A potential rapid rally to $1 makes Cardano one of the top altcoins to watch.
Arthur Hayes doubles down on Dogecoin
The co-founder of BitMEX, Arthur Hayes is doubling down his bullish stance on Dogecoin (DOGE). According to Hayes, the price of Dogecoin can still rise in the coming weeks. Hayes also confirms that he is increasing his DOGE holdings thanks to the very bullish price action of the meme coin.
Hayes is not the only one who is optimistic in their outlook of Dogecoin. According to TATrader_Alan, DOGE has hit the last phase of a triangle consolidation pattern and could break out to begin an upswing soon. TheCryptoBull77 has also said that Dogecoin could rise to $1.69, making it one of the top altcoins to watch.
Angry Pepe Fork attracts investors with 100x price forecasts
As a memecoin doing things differently, there has been a surge of interest in the new project, Angry Pepe Fork (APORK). Unlike traditional memecoins fueled solely by hype and the support of community members and celebrities, Angry Pepe Fork is bringing real utility into the world of meme coins.
Angry Pepe Fork has introduced a unique feature known as “Conquer To Earn.” This is a unique community-based reward system that issues incentives to users for their effort in defeating zombie coins effort and increasing the ranking of APORK in the meme coin market.
This new model has caught the attention of industry experts as it promises to bring change to the memecoin market, positioning coins with utility for success. As a changing project in the works, several top names in the market have called APORK the next 100x tokens, making it one of the leading altcoins.
Similarly, there has been a surge of interest in the project from investors, with Angry Pepe Fork raising over $140k in just the first few days of its presale. This is where APORK comes in, for those who got to know about Bitcoin and Ethereum early on and were not able to invest in the early stages. APORK is priced at $0.014 per coin, making it a notable choice for investors in this bullish market.
Conclusion
The top altcoins, Cardano and Dogecoin are flashing bullish signals despite the current bearish outlook of the market. While this is good news for investors, Angry Pepe Fork represents even better news – a new project bringing a shift to the memecoin space. Based on its strong fundamentals, APORK is now one of the trending coins in the market.
For more information, visit Angry Pepe Fork’s presale website.
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