With war news in the Middle East rapidly turning investors risk-averse, some analysts are suggesting that current falling prices across the market could be an opportunity to double down on meme coins and crypto in general.
CNBC Crypto Trader Ran Neuner was the first to suggest it over on Crypto Twitter.
He clarified that unless investors believe the conflict will escalate internationally, then it’s probably a good time to buy now while prices are low.
At the time of Ran’s tweet, market leader Bitcoin ($BTC) was $61,660. Currently, it is changing hands at $60,423.
CNBC the following day interviewed the managing partner and head of research at stock market research firm Fundstrat who counselled stock traders to buy the dip as the market is in a “very tricky period.”
The Macro-Economic Story: Is Now The Right Time To Buy Meme Coins?
Around the middle of last month, the US Federal Reserve slashed interest rates by fifty basis points.
The move came after 2 years of 11 consecutive hikes saw US interest rates hit a twenty-year high last summer.
Borrowing costs came down and crypto started to rally.
However, there are now growing fears of wider war in the Middle East following Israel’s ground invasion of Lebanon three days ago and Iran’s recent bombardment of Israeli military targets.
The news adds to the macro-economic uncertainty right now and has moved investors away from equities and into oil, which has been rising in price for the last five days.
Ultimately, this suggests crypto is the least of people’s worries, which conversely makes it an arguably ideal time to get into crypto now.
Enter a New Kind of Funny Token: Flockerz ($FLOCK)
The days of just-for-laughs meme coins like Dogecoin ($DOGE) and Pepe ($PEPE) may be over soon.
A cursory glance across the innovative presales market highlights several new projects that are raising millions by bringing surprising new earning potential to the meme coin concept.
Flockerz ($FLOCK) is one such meme coin.
The presale launched this month and rapidly raised $373,000.
Touting itself as "The People's Meme Coin", Flockerz offers crypto fans a vote-to-earn meme coin with unrivaled staking rewards and community-building.
So, what is "vote-to-earn" and how does it work? Flockerz holders (aka "The $FLOCK") are all members of a decentralized autonomous organization (DAO) called Flocktopia.
The bird party's just getting started, and we're about to turn it up!
— Flockerz (@FlockerzToken) October 3, 2024pic.twitter.com/HCwr8xSewy
Flocktopia is where members of The Flock can draft and vote on governance and improvement proposals to ensure that all important decisions are by community consensus and not a centralized authority.
By rewarding voters with $FLOCK, Flockerz incentivizes frequent active engagement with the community and aligns everyone's interests toward making the project a success.
The more you participate, the greater the rewards, making for a potentially more loyal meme coin community than DogWifHat.
Some 25% of the project’s 12 billion $FLOCK tokens are set aside for staking, with the protocol offering stakes eye-watering yield of 6,065% on the tokens they lock up over a two-year staking period.
Flockerz is a transparent and fully audited project.
That's why Coinsult audited its smart contract, to give investors peace of mind.
Beyond the presale, Flockerz is eyeing up listings on both centralized and decentralized exchanges (CEXs and DEXs) to join DogWIfHat as a global meme coin. The vote-to-earn mechanism will launch after listings.
Hold on, because this $FLOCK is taking off!
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website For More Information
The post Analysts: Buy Meme Coins Cheap During War News Dip appeared first on Cryptonews.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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