The meme coin sector blew up last week, and while many coins and tokens have been following their own pace, growing more or less depending on demand, the majority of them were trading in the green, especially on Friday.
For many in the meme coin sector, Friday brought a major price surge that brought gains to many meme coin holders, while attracting new ones to the sector at the same time. However, the arrival of the weekend turned things around, causing the prices to correct once more.
For example, Dogecoin, which was trying to breach the resistance at $0.140 dropped to $0.130, and dogwifhat, which was trying to reach the level at $2.60 throughout the week plummeted to $2.30.
Many others saw similar performance, with a slight recovery on Sunday in some cases, while the majority of the top-ranking meme coins only saw their prices return to trading in the green earlier yesterday & today.
Even now, however, most are trading in the red on a weekly chart, while many who were previously noted for their sharp surges are in the red on the 24-hour chart, as well. PEPE is down nearly 3% at the time of writing, MEW almost 7%, while most others are between 2% and 4% down in the last 24 hours.
But, a trend reversal can be seen, suggesting that the start of the new week, and possibly the arrival of the new month, is bringing back optimism and a more bullish sentiment. It is also worth noting that many meme coins double as political coins, such as PEPE (TRUMP) or Trog (TROG), and these seem to be among the top performers due to the close proximity of the US presidential election.
But, for those who are not interested in political meme coins but are more interested in traditional ones, there is a new project, currently still in presale, that offers great potential for earnings and returning to the power of the community.
BUY FLOCK WHILE ITS PRICE IS LOW
Take The Power And Be Rewarded For It
The project in question is called Flockerz (FLOCK), and its purpose is to give token holders an incentive to participate in the project governance. Specifically, Flockerz developed a new model called Vote-To-Earn (V2E), likely inspired by the likes of Play-To-Earn of the GameFi sector.
Simply put, V2E grants rewards to all those community members who use their token ownership to vote on any decisions that the community needs to make as a collective. That way, the project ensures that the majority of its community would participate, instead of leaving the decision-making in the hands of a minority, which can lead to centralization.
BUY THE FLOCK TOKEN AND START EARNING REWARDS THROUGH VOTING
On top of that, it also offers high staking rewards for those who lock up their cryptos in support. At the time of writing, the estimated rewards sit at 1,514% p/a. Of course, in order to stake the tokens, investors must first buy them, and as mentioned, Flockerz is still in its ICO.
So far, the project has raised over $1.11 million, and counting, while selling the FLOCK token for only $0.0058862. You can buy it with ETH, BNB, USDT, or credit/debit cards.
