Flockerz ($FLOCK) has now raised $1.5 million in its presale amid a meme coin market melt-up pushing sector market capitalization to $111 billion on Tuesday.
Meme coins continue to ride the coattails of Bitcoin's ($BTC) surge, whose $100,000 price tag was once a dream but is now an imminent reality, with its new all-time high sitting at $90,000.
However, all eyes are on the Dogecoin ($DOGE) price, which is up 35% today at $0.40 and 130% over the past seven days. Elon Musk-backed $DOGE plans to be the people's currency and, to that end, is introducing a community proposals mechanism.
But it looks like Flockerz, dubbed the “People’s Meme Coin,” could steal the spotlight from $DOGE by becoming the first meme coin controlled entirely by its community.
With its groundbreaking vote-to-earn mechanism (V2E), Flockerz introduces a new model that rewards community members for participating in the project’s governance – where every vote on key decisions earns crypto.
Since launching its presale in September, Flockerz has seen rapid fundraising efforts, signaling strong investor interest in a purely community-driven project.
To join the movement – such as a whale that recently purchased 8.8 million $FLOCK for approximately $53,000 – investors can get one token for just $0.0060049.
Ethereum Transaction Hash (Txhash) Details | Etherscan
However, the price only has a three-day time window before it bumps up to $0.0060289 per token.
Altcoin season comes early – newer tokens are primed for a massive moon ride
Bitcoin is rapidly closing in on the $100,000 mark, briefly touching $90,000 on Tuesday, while Dogecoin is looking to take out its previous all-time high of $0.73 achieved four years ago. Over the weekend, the top cryptocurrency shattered previous resistance levels and showed no signs of slowing down.
The broader crypto market has exploded, reaching a total market cap of $3.02 trillion, with $331 billion in trading volume over the past 24 hours.
Meme coins, in particular, have seen massive gains, with, as we have seen, $DOGE leading the charge, up more than 35% in the last 24 hours. Pepe ($PEPE) and Floki ($FLOKI) are also surging, gaining 19.54% and 18.15%, respectively.
Despite this momentum, technically speaking, an altcoin season has yet to fully materialize. Only 37% of the top 50 meme coins have outperformed Bitcoin, while the threshold for a full altcoin season is 75%. This suggests that the market still has significant room to grow.
Analysts like Stockmoney Lizards on X argue that despite its recent rally, the market has yet to reach its peak. Using technical indicators like the RSI and a rising wedge formation on the total crypto market cap, Stockmoney Lizards predicts that the true peak may come in the second half of 2025.
However, the onset of a full altcoin season suggests that the market has shifted into a “risk-on” overdrive, particularly favoring tokens with higher moonshot potential.
As meme coins are soaring, many of the top digital assets in the market are not experiencing the same level of growth, again suggesting that this market has much further to run.
If 2025 turns out to be the beginning of a super cycle, the micro-cap meme coins could take center stage.
Among these, Flockerz stands out as the most promising newcomer. Unlike other meme coins, Flockerz isn’t controlled by a single, questionable developer but by a community that genuinely cares about its future.
The new standard for meme coins
As mentioned, Flockerz is a community-controlled meme coin powered by its unique Vote-to-Earn (V2E) incentive mechanism. Holders of $FLOCK can earn additional tokens by participating in key decision-making processes that shape the project’s future.
For example, $FLOCK holders have a say in critical decisions such as protocol changes, budget allocations, adjustments to tokenomics, grant approvals, investment strategies, etc.
Yes, It's true! You too can vote to create change within the flock!
— Flockerz (@FlockerzToken) November 10, 2024pic.twitter.com/uIbyrUEyg8
This decentralized governance model empowers the community to directly influence the project’s direction, with every vote rewarded in $FLOCK tokens.
By offering this level of community involvement, Flockerz becomes the first meme coin project to place governance in the hands of its holders truly.
This approach is unprecedented in the space, especially when compared to the typical one-man-show meme coin launches that flood platforms like Solana’s Pump.fun.
With a fully community-governed structure, the risk of a developer abandoning the project is virtually eliminated.
As the first meme coin to adopt the V2E model, Flockerz could set a new standard in the industry. Other meme coin projects may soon follow suit, ensuring greater transparency and peace of mind for investors.
If this happens, Flockerz could become a pioneer in the space, much like Dogecoin was the first meme coin, and enjoy the same recognition in future rallies that $DOGE is receiving in the current one.
Join the Flockerz presale
Interested investors can easily secure their $FLOCK by heading to the official project website. Once there, simply connect your wallet (e.g. Best Wallet) and purchase $FLOCK using ETH, BNB, USDT, or even a bank card.
But that’s not all – investors can also stake their tokens and earn an impressive 1,147% APY, allowing them to see their holdings double in just over a month.
Flockerz prioritizes transparency and security, which is why its smart contract has already been audited by Coinsult, providing peace of mind for every investor.
To stay in the loop with the latest updates, join the Flockerz community on X and Telegram.
Visit the Flockerz presale website.
The post Meme Coins Surpass $111B Market Cap as New Vote-to-Earn (V2E) Dogecoin Rival Flockerz Raises $1.5M in Presale appeared first on Cryptonews.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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