Return of memecoins could lead to a general market rally
Memecoins are showing signs of recovery in recent weeks. In the list of the 10 best performing cryptocurrencies, 6 of them are memecoins. Included in the list are very popular tokens on the market, such as $PEPE, $SHIB, $FLOKI, $BONK and $DOGE.
Taking advantage of the new wave of memecoins, the new Flockerz project has stood out with a successful pre-sale. This is because it offers innovative vote-to-earn features for $FLOCK token holders.
Could a new rise in memecoins impact the general cryptocurrency market?
Memecoins are leading the cryptocurrency market's gains. Interest rate cuts were recently made by the Central Bank of China and the US Federal Reserve. These events likely strengthened this bullish momentum for memecoins.
For example, Pepe ($PEPE), Dogecoin ($DOGE), Bonk ($BONK), Shiba Inu ($SHIB), Floki ($FLOKI) and Brett ($BRETT) are some of the memecoins that have outperformed most of the 100 top cryptocurrencies by market capitalization.
Furthermore, the 30 basis point cut by the Central Bank of China came a week after the cut made by the US Federal Reserve. The Fed cut interest rates for the first time in several years. This is a move that typically makes riskier assets like cryptocurrencies more attractive.
Although memecoins are considered riskier than other cryptocurrencies, they often offer broader market gains. Therefore, they have become leading indicators of a broader market rally, given their speculative nature.
Despite often lacking intrinsic utility or value, successful memecoins are marked by massive, engaged communities leveraging the native tokens for their corresponding blockchain network.
China's rate cut is good news for the market. This will open up a lot of liquidity for Asian investors to participate in cryptocurrencies.
Finally, in addition to optimism regarding already established memes, investors are also excited about new pre-sales. One example is the Flockers project, which has stood out for offering vote-to-earn features.
Flockerz innovates in the memecoin market with vote-to-earn features
Memecoins top the charts during cryptocurrency bull markets. Known as short-lived assets due to their lack of focus on utility, new memecoins are challenging this reality.
Flockerz ($FLOCK) is the latest example of this. With its vote-to-earn model, Flockerz gives investors a reason to hold the $FLOCK token for the long term.
Flockerz is a community-led project in which investors will receive direct voting rights over the future of the project. This means that token holders will play an active role. This role will be played in directing the future of the project.
The vote-to-earn model ensures that project development always remains aligned with the interests of the community itself. This is because it creates a sense of ownership and belonging among $FLOCK holders.
The project has also created a staking model that is now available to pre-sale investors. With this, investors can earn passive income with rewards estimated at 7880% p/a. This rate will decrease over time.
The staking mechanism also encourages long-term retention and positions Flockerz for sustained growth. This is because staking is a good tool for mitigating early liquidations, encouraging investors to hold their tokens for the long term.
What sets the project apart is its focus on decentralization, through its community governance model. For investors, it is not only a decision-making tool, but also an attractive source of income.
The project has undergone comprehensive audits by Coinsult and SolidProof.
$FLOCK pre-sales grow quickly – Find out how to participate
The pre-sale of $FLOCK tokens has already raised over $326,000 and investors are rushing to take advantage of exclusive discounts and staking rewards before the price increases.
The Flockerz project roadmap focuses on building a community, through global marketing campaigns. This includes partnerships with key influencers in the cryptocurrency space.
The launch of the vote-to-earn model is highly anticipated by the community and is scheduled to take place during the third phase. From there, $FLOCK token holders will become an integral part of the project's governance.
To purchase $FLOCK during the pre-sale, access your cryptocurrency wallet, such as MetaMask or Best Wallet, using the widget on the project's official website.
Investors can purchase tokens with ETH, BNB, USDT and with a bank card. It is important to always check that you have sufficient funds to purchase the tokens and pay the gas fees.
The vote-to-earn model and community-centric tokenomics make this memecoin one of the best options to buy right now. Investors who join the pre-sale can secure the token at deeply discounted prices and great staking APYs before $FLOCK hits exchanges.
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.