Bitcoin has rebounded to $62,000 levels and with it, the altcoin market surged. Some of the biggest winners have been meme coins, with the likes of Pepe (PEPE), dogwifhat (WIF), and Bonk (BONK) leading the charge.
As the market conditions grow increasingly more favorable, investors are on the lookout for the next meme coin launch to deliver massive returns, with Flockerz a contender.
PEPE, WIF, and BONK Grow Double Digits Over 24 Hours
Pepe, the world’s third-largest meme coin grew 9.69% over the last 24 hours up to $0.00001022. With a daily trading volume increase of 127.13% all the way to $1,206,913,786, investor interest is skyrocketing.
However, this spike is dwarfed by WIF, growing a massive 16.38% today up to a per-token price of $2.61. With WIF’s market cap reaching over $2.5 billion, its community is extremely bullish on the token.
Despite most of the market being down over the week, WIF is still up double digits over the period.
Crypto trader and influencer blanc sees WIF’s chart pattern as indicative of further growth, and expects it to reach as high as $3.5.
With a 172.77% increase in daily trading volume, it’s possible WIF could reach this number if investor interest keeps growing.
Following the trend of dog-themed tokens going up, BONK has risen 8.49% selling at $0.00002214 each. Paired up with a lower, but still significant increase in daily trading volume of 138.23%, BONK could quickly catch up to WIF’s growth.
However, the question on investors’ minds is if these giant meme coins can keep this growth up and meet their communities’ expectations. Let’s look at some technical factors to get a clearer picture.
Is This Growth Sustainable?
Pepe’s growth is reflected fairly well in its technicals. Its long/short ratio is strong at 1.59 over the day, with significantly more long positions being opened than shorts.
When it comes to liquidations, its performance is even stronger, with almost three times as many shorts being liquidated compared to longs.
While it’s worth noting PEPE’s funding rate is still positive, its long/short ratio is still a far cry off from its performance in early October, where we saw 2.2 long positions opened for each short.
Surprisingly, WIF’s chart follows a similar pattern. Despite its growth outstripping Pepe, its long/short ratio is on a steady downward trend, sitting at 1.24 at the moment.
Its liquidation statistics are outstanding, with almost 10 times more shorts liquidated than longs. This, alongside a positive funding rate, suggests WIF still has some room to grow.
While BONK’s long/short ratio is sitting at just 0.994 – meaning more shorts are opened than longs, crypto trader and expert World of Charts still sees breakout potential in the token.
Overall, these lackluster technicals despite the tokens’ growth are largely due to the fact all three are massive, mainstay tokens, and investors are reluctant to bet on them delivering massive returns.
To capitalize on the bull run, many investors are turning their eyes toward an innovative ICO called Flockerz.
Is Flockerz the Next Big Meme Coin? New Presale Off to Strong Start
Flockerz (FLOCK) is the vote-to-earn native token of the FlockTopia DAO. Aiming to be a community-run token, Flockerz has already raised almost $0.5 million in its presale, selling at $0.005724 per token.
The presale follows a dynamic pricing model, with the per-token price increasing when funding goals are met or enough time passes.
FlockTopia solves the issue of inactive holders by rewarding holders for voting on the DAO’s decisions. With 25% of the total token supply allocated to this, there are plenty of tokens to encourage active participation.
FLOCK has got a lot of eyes on it, covered in over a dozen publications with mounting expert interest. 99Bitcoins, one of the biggest crypto YouTube channels with over 700,000 subscribers recently put out a video on the token.
They praise its sky-high staking rewards, robust fundamentals, and vote-to-earn approach.
As for security, Flockerz has complied with two security audits by Coinsult and SolidProof. The project has also allocated 10% of its total token supply to liquidity, minimizing the risk of a rug pull.
Being the world’s first vote-to-earn meme coin, FLOCK has quickly built up a following on social media, with 2,300 members on Telegram, and 2,000 followers on X (Twitter).
With charming aesthetics, a growing community, and a mass of expert attention Flockerz has everything it takes for it to skyrocket on its DEX launch.
