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Dogecoin and Pepe soar, adding billions to market caps, but new meme coin Flockerz’s $2M presale hints at a potential 10x surge.
Dogecoin and Pepe have both exploded in price this month, adding multiple billions to their market caps.
Yet, with new meme coin Flockerz raising $2 million in its presale, traders think a 10x gain could well be on the way.
DOGE targets ATH, PEPE enters price discovery
Dogecoin is venturing toward its 2021 bull market highs, instilling a significant sense of optimism into the meme coin sector.
Yet, Pepe has already entered price discovery, smashing its May highs with a spectacular performance this month.
DOGE now sits at $0.39 after peaking at $0.43 earlier this week. Currently, Dogecoin’s trading volume is $8.9 billion, which is a good sign, indicating strength as it breaks out.
Dogecoin is up 3.4% today, down 5.2% this week, and up 171% this month.
Meanwhile, Pepe is trading at $0.00002015. It peaked at $0.00002524 on 14 November and is down 7% on the day. However, it remains up 40% this week and 98% this month.
What’s causing the meme coin rally?
The recent explosion of Dogecoin and Pepe, alongside other meme coins, is fueled by the recent Bitcoin rally, which propelled its price to a new all-time high (ATH) after Donald Trump won the election.
Trump has famously voiced pro-crypto ideas throughout the presidential run-in and continues to do so even after the election concluded.
He’s also expected to speak with Coinbase CEO Brian Armstrong about how to effectively regulate the industry in a way that encourages growth.
Trump’s positive attitude towards crypto indicates a more favorable regulatory environment, enabling heightened innovation and liquidity.
But since meme coins offer more volatility than most other narratives, investors are flocking to the sector, hoping for higher returns in the coming months.
There’s also the notion of Elon Musk undertaking a position in Trump’s cabinet, leading a new unit called Department Of Government Efficiency (D.O.G.E). Given that this corresponds with Dogecoin’s ticker symbol, Musk and Dogecoin enthusiasts have played on its memeability.
Analysts anticipate bigger gains on the horizon
Despite an already-explosive performance this month, analysts expect things to get even more intense.
One popular trader who goes by Easy Money on X suggests that “The party hasn’t even started,” and retail investors will “start pouring money into BONK, DOGE, PEPE and other memes” once Bitcoin crosses $100K.
This is when sidelined capital will wake up to the fact that a new bull market is here, sparking a feeling of FOMO and causing mass capital inflows to meme coins.
Meanwhile, Jameson notes that Dogecoin is breaking above a trendline resistance and suggests that the higher DOGE goes, the higher the ceiling for other altcoins.
Evidently, the crypto market – and specifically meme coins – seem to have a bright future ahead. But one project that stands out is Flockerz. The project is undergoing a presale and tipped by a leading analyst to 10x.
Is vote-to-earn meme coin Flockerz the next 10x presale?
As meme coin prices explode, Flockerz offers a rare opportunity to buy in on the ground floor. The project is raising funds to build a Vote-to-Earn decentralized autonomous organization (DAO).
The Flockerz DAO consists of FLOCK token holders who vote on proposals relating to the project. But they’re not just shaping the project’s future – they’re also getting paid.
Imagine earning money for governing a cryptocurrency. It’s a breakthrough concept that changes how we look at meme coins.
Flockerz shows that meme coins are more than just funny images – they can usher in use cases that disrupt the blockchain industry.
DAO voters will decide on matters such as changes to the project and even how to manage its treasury.
This is generating a lot of buzz, with Jacob Bury dubbing it a 10x potential meme coin.
Something else that separates Flockerz is that investors can stake their FLOCK tokens for even more rewards. This feature is live and currently provides an 884% APY.
The Flockerz presale has raised $2.3 million so far. The current price is $0.006053, but this will rise in one day.
For more information, visit the Flockerz presale website.
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