While most meme coin markets have experienced a red trend in the past 24 hours, the market cap of meme coins now stands at $58 billion after a 4.85% rise. DOGE and MOG lead the charge, with several animal-themed meme coins following closely.
These developments show that traders are still confident in the success of meme coins despite a market-wide downturn in the past week.
Besides already-established coins, investors are rushing to secure their share of the upcoming bird-themed Flockerz (FLOCK) token, setting up to join the market with a unique vote-to-earn DAO mechanism.
Are DOGE and MOG Predisposed for Further Gains?
Bitcoin’s performance has largely affected the performance of altcoins over the past week, especially yesterday when its dip saw DOGE, MOG, and other leading meme coins follow suit.
DOGE, which dipped to $0.1521 when BTC fell below the $67,000 mark yesterday, is now trading at $0.1718 following a 9.55% surge. MOG experienced a similar fluctuation, and after soaring by 11.07% today, it is now priced at $0.000001906.
While Bitcoin’s rise back above the $68,000 mark likely influenced DOGE’s soar, other factors are largely responsible for its superb performance. Its technical indicators show that it’s above its 50-day SMA of $0.123836 and 200-day SMA of $0.128977, which often signals strong short-term momentum.
Additionally, the coin just celebrated its Doge Day on November 2nd, which has historically helped it soar. Ali, a crypto charts analyst, believes the token’s recent breakout above $0.169 may help it rise to $0.209, representing a 17.8% pump from its current price.
Beyond technical metrics, DOGE’s endorsement by Elon Musk, potential ventures such as the Department of Government Efficiency (D.O.G.E.), and the results of the US Election Day can all positively impact its price in the near future.
MOG is in a similar position, according to its recent performance and buyer sentiment. With a 1.16 long/short ratio over the past 24 hours, its holders show a slightly bullish sentiment for its short-term success.
Crypto expert Riddler points out that MOG is close to its ATH and a $1 billion market cap, while The Don of Apes, an advisor, warns that it may dip if it doesn’t get sufficient support near its current range.
As experts predict a possible 17-20% jump for DOGE and MOG, low-cap gem hunters show increasing interest in Flockerz, which could deliver even greater gains once it launches on DEXs.
Flockerz ICO Offers Massive Staking Rewards as it Raises Over $1.2 Million
Although DAOs aren’t a new concept for cryptocurrencies, Flockerz seeks to incentivize its holders to vote and engage with its community by rewarding them for their participation. This approach to decentralization makes the project equally attractive to casual traders and whales and may set the stage for FLOCK’s long-term success.
Every FLOCK holder will have a spot in FlockTopia, the project’s DAO, where they’ll vote on key project decisions, which may include token burns, marketing strategies, future projects, and more.
With 45% of the total token supply allocated to the presale and staking rewards and the presale’s dynamic pricing model, Flockerz heavily favors early investors. Currently, investors can purchase FLOCK for $0.0059334 per token using ETH, BNB, USDT, or a bank card. No minimum investment is required.
However, that price will change as the presale progresses, with the next price increase scheduled for tomorrow. Similarly, the presale’s massive staking APY, currently at 1325%, will decrease as investors stake more FLOCK.
FLOCK’s developers also prioritize investor security and community growth, two factors that often determine a meme coin’s success. The team has allocated 10% of the total token supply to liquidity to foster a safe trading environment. Plus, the project’s smart contract has been audited by SolidProof and Coinsult, which found no threats to investor security.
Another 20% of the total token supply is reserved for marketing, which already attracted over 5,000 followers to FLOCK’s X (Twitter) and Telegram.
Crypto analyst ClayBro believes Flockerz has a 20x potential, positioning it ahead of most established meme coins.
Flockerz Token Price Predictions For The Bull Market Rally!
He advises his 130,000-strong audience on YouTube to enter the presale while the staking APY is in the four-digit range and the token sells at a low cost.
With the token’s cost scheduled to increase tomorrow, investors have one last chance to enter the presale at its current price of $0.0059334.
