SPX6900 (SPX) has been lighting up the crypto market this week.
It has pumped another 35% in the past day, making it one of the top meme coin gainers.
Now, everyone’s wondering: can it keep up this bullish momentum and hit the $1 mark?
SPX Surges Over 5,600% & Ranks As Top Meme Coin
SPX6900 is the latest meme coin to take the market by storm.
Launched back in August 2023, this Ethereum-based coin stayed under the radar for over a year.
But in September, SPX made its move – and it’s been on a tear ever since.
Since September 12th, the coin’s price has surged over 5,600%, catching even experienced traders off guard.
The gains have been so impressive that SPX has even climbed into the top ranks of meme coins, now holding the 11th spot by market cap.
SPX has also made it onto CoinMarketCap’s most visited list.
That shows retail investors are eager to get involved.
Recent listings on LBank and BitMart have only added to the hype, making it clear that SPX6900 isn’t just here for a quick rally – it might be here for the long haul.
But is this true, or are we about to see SPX’s price action cool off?
Can SPX Token Hit $1 Soon?
With SPX6900 currently at $0.623, can it continue rising to the $1 mark?
The token has clearly been on a roll and is aiming for its fourth straight day in the green.
But the rapid rise means there’s not much market structure to analyze.
Looking at the 4-hour chart, SPX appears to be heavily overbought.
It hasn’t paused since last Saturday, which suggests a pullback might be coming soon.
If this rally is peaking, a dip to around $0.52 could be on the cards – that would line up with the 0.618 Fibonacci level.
However, if SPX can form a higher low after that dip, we might see a push towards the 1.618 Fibonacci level.
That lines up with the $1.03 price point.
And it would represent another 60% pump from where SPX is currently.
So, can SPX make this sort of move in the coming days?
It’s possible, especially given that such an increase is small compared to the gains SPX has already made.
Although there might be a sell-off in the short term, likely due to profit-taking, there’s every chance that SPX could experience another leg up.
Is Flockerz the Next Meme Coin to Explode After Raising $550K in Presale?
While SPX6900 is grabbing headlines, another meme coin is beginning to make a name for itself.
Meet Flockerz (FLOCK) – the self-proclaimed “People’s Meme Coin” that’s aiming to be the market’s next star.
Flockerz is offering something new with its Vote-to-Earn system.
Imagine a meme coin where your voice truly matters – that’s Flockerz.
The team has established Flocktopia, their own DAO, where FLOCK holders can participate and vote on governance decisions.
And for doing so, they’ll earn even more FLOCK tokens as a reward.
Another exciting aspect of the Flockerz ecosystem is the staking rewards.
Currently, the estimated APY is over 3,200%.
Although that yield will decrease over time, it’s still a huge incentive for investors willing to lock up their tokens.
Flockerz’s presale has been a hit so far.
It’s raised over $550,000 in early funding, offering FLOCK tokens for just $0.005724 each.
Interested investors can buy in using ETH, USDT, BNB, or a credit card.
With a DEX listing planned once the presale ends, Flockerz’s Telegram channel members believe this low price won’t last long.
The analysts at 99Bitcoins have even described it as the “next 100x meme coin.”
All in all, things are looking up for this new project.
Even though it hasn’t yet got the buzz that SPX6900 has, it’s still one that retail investors are keeping a close eye on.
