Elon Musk's new post on X skyrockets the price of Dogecoin
Dogecoin ($DOGE) recorded 17% growth. This is all just during the month of October. Known for having the support of Elon Musk, memecoin has experienced periods of appreciation. Often, these surges are driven by statements of support from celebrities.
This situation repeated itself last Wednesday, October 16th. The asset registered an increase of more than 11% in just one day. According to the CoinMarketCap monitor, the current value of Dogecoin is around US$0.1271.
At the same time, the new memecoin Flockerz is doing a pre-sale with great fundraising and winning over investors.
$DOGE soars after Elon Musk post
Dogecoin's value increased immediately after Elon Musk responded to a news report that California authorities had prevented new rocket launches from SpaceX, his space technology company. In this sense, Musk made a joke and said: “DOGE will solve this“.
On Wednesday the 16th, Elon Musk's legal team and his company filed a lawsuit in California. They claim that SpaceX's restriction of new rocket launches is motivated by political reasons. The company claims that the members of the commission acted with political motivation when rejecting the increase in the number of permitted launches.
In a 6-4 vote, the commission rejected SpaceX's suggestion to increase the number of annual launches from 36 to 50. The company claimed that the company's operation is commercial, not governmental.
Musk's defense vehemently criticized the decision. They stated that: “It is unusual for a government entity to demonstrate such abuse of its powers to penalize a company due to the political beliefs of its CEO and largest shareholder.”
The reaction in the cryptocurrency market was instantaneous. This led $DOGE to experience a considerable increase. At the moment, Dogecoin is ranked among the top 10 highest-valued cryptocurrencies globally, with a market cap of over $18.5 billion. This information is from the CoinMarketCap platform.
Over the past twelve months, Dogecoin has seen an increase of over 120%. While the future of cryptocurrency remains uncertain, it is indisputable that many investors have achieved significant returns over the years.
Flockerz is the new “people’s memecoin”
Despite being known as short-lived and highly unstable assets, memecoins continue to rise. In fact, many projects are surprising investors with innovative uses.
Flockerz ($FLOCK) is an example. The project has created a vote-to-earn model that gives investors a good reason to hold the $FLOCK token for the long term. As a community-led project, Flockerz became known as the “people’s memecoin”.
In this sense, the project's biggest difference is its focus on decentralization, through a community governance model, in addition to being a source of passive income.
Furthermore, investors will receive voting rights in the ecosystem, as the vote-to-earn model ensures that the project develops in a way that is aligned with the community's interests.
$FLOCK is a useful memecoin and tokens can be staked, and this tool is available to pre-sale investors. Staking encourages investors to hold their tokens for the long term, as well as being a tool that can mitigate early liquidations.
The vote-to-earn model and tokenomics make $FLOCK one of the best memecoins to buy right now.
Finally, interested investors can join the pre-sale and, therefore, secure the token at heavily discounted prices, before $FLOCK enters exchanges.
How to buy tokens in the $FLOCK presale
The launch of the vote-to-earn model has been highly anticipated by the community, but is scheduled to take place only after pre-sales. It is at this point that $FLOCK token holders will become an integral part of the project's governance.
But it is now possible to purchase tokens during the $FLOCK pre-sale. The project has already raised more than US$877,000. During the presale phase, investors can enjoy exclusive discounts and staking rewards.
To purchase $FLOCK during the presale, obtain and access a cryptocurrency wallet. Wallets such as MetaMask or Best Wallet can be used through the widget on the project's official website.
Each $FLOCK token is selling for $0.0058161 and Flockerz presale accepts purchases made with ETH, BNB, USDT and bank card. After making the purchase, confirm the transaction in your cryptocurrency wallet.
Finally, follow the project's social media and find out about the latest news first hand.
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.