Impacts of Rising Energy Prices
Recently, the co-founder of BitMEX spoke about the impacts of rising energy prices on Bitcoin. Arthur Hayes predicted a sharp increase in Bitcoin (BTC) due to geopolitical conflicts, which increase inflation and government spending.
Meanwhile, a new memecoin has emerged on the market and claims to be “of the people” due to its innovative vote-to-earn features. The pre-sale for Flockerz is ongoing, but has already raised a huge amount.
Energy price could impact Bitcoin
The price of Bitcoin fluctuated at the beginning of the week. BTC fell 3.2% to $61,300, hitting its lowest price in two weeks. But it soon rose again to $62,200.
Arthur Hayes recently stated that the war is inflationary and that he believes the Fed and the US commercial banking system will buy this debt. Therefore, he predicts that Bitcoin will rise soon.
The BitMEX co-founder emphasized that global conflicts, especially those involving the US, tend to lead to monetary expansion. Reflecting this, Bitcoin will benefit as investors seek to protect themselves against inflation.
That's why Hayes predicts Bitcoin and cryptocurrencies will rise as energy prices soar. He believes that Bitcoin is not called “digital gold” for nothing. According to Hayes, BTC will behave similarly to gold, which has performed well during energy crises and periods of high inflation.
Arthur Hayes warned that the destruction of energy infrastructure, such as oil fields or the closure of the Strait of Hormuz, could cause energy prices to soar. As a consequence, the price of Bitcoin would increase.
However, he also warned traders to prepare for volatility. Hayes suggested that cryptocurrency markets could face declines if the conflict destabilizes global markets.
Hayes believes Bitcoin's long-term trajectory will remain upward. This is because it must be driven by monetary policies that favor debt-financed spending.
Since its inception, Bitcoin has outperformed the Fed's balance sheet by 25,000% as it has been sought after as a way for investors to protect themselves against fiat devaluation.
Flockerz is the new “people’s memecoin”
Despite being known as short-lived and highly unstable assets, memecoins continue to rise. In fact, many projects are challenging this reality and surprising investors with innovative uses.
Flockerz ($FLOCK), for example, 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 has been called the “people's memecoin”.
The project's biggest difference is its focus on decentralization, through a community governance model. This is not just another decision-making tool, but also a source of passive income.
Investors will receive voting rights in the ecosystem, so they can directly participate in the future of the project. This is because the vote-to-earn model ensures that the project develops in a way that is aligned with the interests of the community.
$FLOCK is a useful memecoin. The token is used for staking and this tool is available to pre-sale investors. Even before the token launch, investors can earn passive income with rewards estimated at 2310% p/a.
It is worth remembering that this rate will decrease over time as more tokens are staked in the pool. 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.
Interested investors can join the pre-sale and thereby secure the token at heavily discounted prices before $FLOCK is listed on exchanges.
How to pre-order $FLOCK
The launch of the vote-to-earn model has been highly anticipated by the community, but is scheduled to only occur in the third phase of the roadmap. It is at this point that $FLOCK token holders will become an integral part of the project's governance.
But in the meantime, it is possible to purchase the tokens during the $FLOCK pre-sale, which has already raised more than US$753,000. 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.
Flockerz presale accepts purchases made with ETH, BNB, USDT and bank card. After making the purchase, confirm the transaction in your crypto wallet. Don't forget to have enough ETH or BNB to pay the gas fees.
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.