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A break in Bitcoin’s hashrate uptrend raises concerns but boosts bullish sentiment for altcoins like Render (RNDR), Aptos (APT), and Angry Pepe Fork (APORK).
A technical break in Bitcoin’s hashrate, which had previously exhibited a robust 18-month uptrend, has emerged as a cause for concern among cryptocurrency analysts. The true hashrate has fallen to 600 exahashes per second (EH/s). The move from the uptrend is a signal that mining firms could be selling BTC, according to a post from Ki Young Ju, the Founder and CEO of CryptoQuant.
However, this could have a positive effect on the broader altcoin space, and as a result, sentiment is bullish on the future of Render (RNDR), Aptos (APT) and Angry Pepe Fork (APORK). Today, we will go over all three of these cryptocurrencies to see which are among the top altcoins to diversify with.
Render dips 21%: Can Bitcoin Hashrate upgrade lead to spike?
Render (RNDR) has recently been at a downtrend, where the crypto dipped 21% in a single week. The Render crypto peaked at $10.39 during the past week, but has since found support at the $8 price range.
However, according to the RSI and MACD data, the Render price could soon see an uptrend, which could propel it further upwards. According to the Render price prediction, the crypto can climb to $15.20 by the end of Q4, 2024.
Aptos nears $10 range: How far can it reach in 2024?
Aptos (APT) on the other hand has been on a weekly uptrend, and could soon be propelled by this change. The Aptos price has risen to $9.34, and could soon climb to the $10 price range based on the latest projections.
The bullish sentiment could result in an Aptos crypto uptrend in the future as-well, especially as it gains major whale attention. According to the Aptos price prediction, the furthest point of value it can reach in 2024 is at $13.23, making it one of the top altcoins.
Angry Pepe Fork to establish more utility with Conquer to Earn
Angry Pepe Fork (APORK) disrupts the altcoin space through the introduction of a unique economic model which completely shifts the perspective of earning and passes the limitations seen with most competing projects. APORK’s Conquer to Earn model incentivizes user participation and fosters a loyal and engaged community, which is an upgrade over altcoins reliant on virality and passive holding for value.
In addition, the project also empowers users to become active stakeholders, and accomplishes this through a meticulously designed tiered staking system. Here, each user has the opportunity to lock their APORK tokens for predetermined durations, which can be between 30 days, 60 days and 90 days.
Moreover, this mechanism also creates a relationship between users and the operation of the network, as they can push forward its growth and stability. Its supply is also capped at 1.9 billion tokens, and this calculated scarcity serves as a potential catalyst for long-term appreciation.
At a highly accessible price point of $0.014, APORK presents a compelling low barrier to entry, particularly attractive for investors seeking diversification within their portfolios. Analysts project a 100x increase for the crypto following its launch and listing on major exchanges, positioning it as one of the most promising altcoins to buy.
Moving ahead with APORK
Bitcoin’s hashrate uptrend has ignited a lot of altcoin interest, and out of the many projects available, Render, Aptos and Angry Pepe Fork have seen substantial gains. APORK specifically, through prioritizing user engagement, implementing strategic tokenomics, and leveraging a robust blockchain infrastructure has become a leading altcoin.
To learn more, visit the Angry Pepe Fork presale.
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