Could Memecoins reach $1 this altseason?
Recent trends indicate a resurgence of memecoins. Well-known projects such as PEPE, FLOKI and BONK are once again attracting investors' attention. This is because they are experiencing significant growth.
Investors and enthusiasts are following the cryptocurrency market. The aim is to find out if meme-inspired projects can reach the US$1 mark during this altseason.
In this scenario, the presale of a new memecoin Flockerz (FLOCK) surpassed the US$500,000 mark. Investors are rushing to participate in the newest “people’s memecoin.”
PEPE, FLOKI and BONK once again attract investors' attention
The famous memecoins PEPE, FLOKI and BONK once again caught the attention of investors and traders. The expectation is that memecoins will reach US$ 1 this altseason.
Pepe is a deflationary memecoin launched on the Ethereum network and inspired by the Pepe the Frog meme. It was inspired by popular memecoins, such as Shiba Inu and Dogecoin, but stands out for not having a transaction tax and being a token with no inherent utility.
Records in memecoins
Last year, Pepe reached a peak market capitalization of US$1.6 billion. A major highlight of the project is its token burning mechanism. This increases scarcity and supports the stability of memecoin.
Floki came from Elon Musk's idea of calling his Shiba Inu dog Floki. Floki's ecosystem includes gaming projects in the Valhalla NFT metaverse and the FlokiFi DeFi service.
Its collaboration with NOWPayments and the availability of a prepaid Floki card allows the currency to be used in real-world transactions. By expanding to NFTs, DeFi and practical applications, Floki started to stand out from other memecoins and show that its potential goes beyond trading.
Bonk is a Solana-based memecoin that has achieved rapid growth. The project has seen explosive growth, increasing over 100% after listing on Coinbase. The BONK token functions as a “community currency,” with half of its supply held by participants in Solana’s NFT and DeFi sectors. Last year, memecoin was the third largest on the market and made impressive gains. But Bonk has also faced challenges, including its high supply and the volatility of memecoins.
While investors wonder whether memecoins can reach $1 during this peak season, a new token is making waves in the market. Flockerz, also called “the people's memecoin”, has been successful with its vote-to-earn feature.
Flockerz (FLOCK) pre-sales exceed US$ 500 thousand
Flockerz is the “people's memecoin” due to its innovative vote-to-earn feature, which gives investors the power to build the community back. In this sense, this feature begins with Flocktopia, a DAO of which all FLOCK token holders are members.
With this, investors can actively participate in the future of Flockerz by making governance proposals and improvements to the ecosystem. Furthermore, FLOCK token holders can participate in all important decisions made by the community.
Finally, the project development team encourages active involvement of investors with the community. This is because the more you participate, the more you receive in rewards. The Flockerz presale is designed to allow early participants to earn rewards for purchasing and staking tokens.
Staking with high APY
With a generous APY, pre-sale investors can enjoy passive rewards for participation while utilizing Flockerz's vote-to-earn features. FLOCK token reward distribution will occur at a rate of 684.93 tokens per ETH block. Rewards will be paid over a 2-year period and can be earned as soon as the claim period begins.
FLOCK pre-sale is ongoing and this could be the next project with 10x earnings. One reason is that Flockerz tokenomics was designed for the long-term success of the project.
Of the total supply of FLOCK tokens, 25% were for staking, 25% of the tokens for the Flock Vault, stored in the DAO vault, 20% for project marketing, 10% for CEX and DEX and 20% of the tokens for pre- sale. Investors can currently purchase FLOCK tokens for $0.005724, before the price increases in the next round of pre-sale. Tokens are purchased with ETH, BNB, USDT or bank card.
Investors can also purchase with BNB on the Binance Smart Chain (BSC). It is important to remember that those who purchase on BSC will not be eligible for annual staking returns.
FLOCK will enter CEXs and DEXs after the pre-sale closes, with the project's vote-to-earn mechanism following listings. Ultimately, Flockerz promises to create one of the strongest communities on web3 and provide great returns to investors.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.