Success of Memecoins and the Growth of Transactions
The price of the cryptocurrency inspired by the Shiba Inu dog (SHIB) rose 7% last week. This growth occurred in parallel with an increase in the large volume of transactions, which calculates the total amount traded by large investors on a specific day.
Large trading volumes are a sign of holders making significant moves. An increase in this metric indicates an increase in activity among enthusiasts, whether buying or selling.
During the SHIB price swing, new memecoins entered the scene. Several pre-sales have been a huge success among enthusiasts of this type of asset and one of the highlights has been Flockerz (FLOCK).
SHIB Price Soars
According to the IntoTheBlockShiba Inu transaction volume reached 3.78 trillion SHIB, equivalent to US$66.61 million, representing a growth of 46.79%. The token itself is up more than 24% in the last month.
This increase in the token's value also resulted in a sharper market recovery, as the Shiba Inu meme was highlighted during the week.
Christopher Lloyd, the protagonist of “Back to the Future”, recently met with DeLorean, manufacturer of the film's famous car, for the launch of the new Time Capsule collection of digital collectibles.
Additionally, a Time Capsule trailer, directed by filmmaker Allan Ungar, shows Lloyd paying homage to Doc Emmett Brown, his character in “Back to the Future.” Additionally, there are Easter eggs, a DeLorean car, a character wearing a hazardous materials protective suit and, in an allusion to Web3, a Shiba Inu dog.
In response to a post made SHIB hair no Xthe American company DeLorean proposed supporting SHIB. At the inauguration of the Tesla Cybercar, Elon Musk was also in the company of a Shiba Inu dog.
After four days of decline, with its value reaching US$0.000016 on October 10, Shiba Inu was surprised with several enthusiasts buying tokens.
Since October 11th, the Shiba Inu has been prolonging its recovery. This may indicate that investors persist in searching for higher prices. Right now, for example, SHIB is priced at $0.00001727. If investors push the price beyond $0.000019, SHIB could reach as high as $0.000022.
This level could again act as a considerable obstacle and if investors are successful, the advance could extend to $0.000026.
Memecoins like Shiba Inu are on the rise and FLOCK stands out
Recently, cryptocurrencies like Flockerz have stood out as short-term investment options. Flockerz, a new memecoin, has accumulated more than $674,000 in a short time.
The core of the project is Flocktopia and its vote-to-earn system, allowing all users and members of the Flocktopia community to participate in decisions on the platform.
The main goal is to shift the dynamic from centralized authority to a community-centric model. That's why the project offers rewards for users' engaged participation.
Flocktopia's goal is to revolutionize the DAO scenario, encouraging user participation just like what happened with Shiba Inu. Thus, the project aims to promote a more democratic governance system. Finally, members of the Flocktopia community can also win prizes by getting involved in voting. These awards can be obtained by participating in fundamental community decisions to discussions on strategic topics.
Flockerz pre-order
Flockerz is the first memecoin to offer vote-to-earn features. The project allows investors to determine the direction of the project. At the same time, investors receive rewards for taking an active role in managing the community.
The pre-sale of $FLOCK tokens is designed to allow early participants to gain benefits. This is because it is possible to purchase and stake $FLOCK tokens during the initial fundraising stage.
The pre-sale of the $FLOCK token, native to Flockerz, has already exceeded US$674,000, progressively approaching its objective of US$941,855. $FLOCK is currently priced at $0.0057699.
How to purchase FLOCK
To make the purchase, access the official project page. Then, connect your wallet (like Best Wallet) and purchase $FLOCK tokens via ETH, BNB, USDT, or a credit card.
It is also possible to passively expand the amount of $FLOCK tokens by allocating them to the Flockerz staking system. The developers claim that there is a possibility of an APY return of up to 3,498% at this time.
Furthermore, the creators of Flockerz highlight that they care about transparency and security. Coinsult has already audited its smart contract to ensure the security of all its investors.
To stay informed about the latest project updates, join the Flockerz community on X and Telegram.
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.