The Bitcoin price took a major dive in the last 48 hours, after spending five days trying to breach the resistance at $98k and surge to its long-time goal of $100,000 per coin.
On November 25, the coin started dropping until it hit a support at $93k. For now, the support is still managing to hold, although the selling pressure continues to rise, so it would not be a surprise if the coin breaks the support and continues its descent.
Experts have also noted that over $512 million worth of crypto positions were liquidated around the same time as the descent kicked off and that the figure continues to grow with time, which is another reason why the Bitcoin price might keep dropping in the hours to come.
Crypto analyst on X who goes by the name of Satoshi Stacker advised traders to be very careful with leverage, as the market is unpredictable and volatile.
https://x.com/StackerSatoshi/status/1861268203688583640
Initially, Bitcoin’s price drop allowed multiple altcoins to soar as traders and investors switched to various other cryptocurrencies in hopes of seeing the start of the altcoin season. However, this surge was short-lived, as Bitcoin’s market dominance pulled the altcoin market down with it.
Currently, nearly every cryptocurrency aside from stablecoins is trading in the red as the bearish wave prompts traders to either cash out or seek alternatives resistant to volatility. Coins and tokens that are still in the presale stage seem to be particularly popular, especially meme coins that stand out from the rest thanks to certain unique aspects, such as Flockerz (FLOCK).
BUY FLOCK WHILE ITS PRICE IS LOW
Flockerz Rewards You For Voting On Proposals
Flockerz is a new meme coin that is currently still in ICO. As a result, its price is immune to volatility, and it only increases as the project’s presale moves from one stage to the next, which will be the case until its presale ends.
However, its value lies in the new model that it had introduced called Vote-To-Earn (V2E). This is a unique new mechanic that rewards its token holders who participate in the project’s governance.
Whenever there are proposals for people to vote on, those who do will be rewarded with FLOCK tokens. This provides users with an incentive to keep coming back and helping the project make these decisions, while it also maintains high levels of decentralization, ensuring that Flockerz won’t be left in the hands of a small minority as other token holders lose interest in participation.
With regular rewards, high governance participation is all but ensured. Crypto investors seemingly like the concept a lot, especially given the fact that they can stake the tokens they receive this way and earn even more rewards from staking. As a result, its ICO blew up, raising over $3.36 million in only a few weeks.
JOIN THE FLOCK ICO EARLY AND START EARNING VOTING AND STAKING REWARDS
Right now, the FLOCK token sells for only $0.0061504 apiece, but in around two days, it will see another scheduled price increase. This gives you enough time to do your research and buy FLOCK before that happens.
