Bitcoin’s price made headlines over the course of the last week by nearly reaching the $100k mark, and the coin actually stopped just short of this long-awaited milestone. Over the last few days, however, the whales have seemingly decided to sell large portions of their BTC in favor of the industry’s second-largest crypto by market cap.
Traders Are Dumping BTC to Buy Ethereum
After trying to hit $100k consecutively for several days, Bitcoin’s price finally got rejected as hundreds of millions worth of short positions got liquidated. Reports also said that whales have sold large amounts of BTC to buy Ethereum, causing Bitcoin’s price to drop to $90,907 on November 26, its lowest point in the past seven days.
Since then, the coin managed to recover to $97.5, but only for a moment, as its price then dropped to $95k after that.
Meanwhile, Ethereum spent the last week trying to cross the $3.5k barrier, but each attempt resulted in a correction that sent the coin to a support at $3.3k. Then, late on November 26, as the whales started selling BTC to buy Ethereum, the coin’s price saw a massive trend reversal, which caused it to surge by 7%.
For Ethereum however, 7% is a massive increase which sent its price from $3.3k to nearly $3.7k. Since then, the coin saw a slight price correction as some traders decided to take profit, but even so, ETH managed to strongly outperform Bitcoin.
Of course, traders are not only focusing on BTC and ETH, as they seek opportunities wherever they may appear, including meme coins that are still in presale, such as Flockerz (FLOCK).
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Flockerz Could Revolutionize Crypto Governance
Flockerz is a new meme coin, but also one that is believed to have massive potential to blow up once it goes live.
The reason for this is that the project’s main focus is on bringing in new community members, turning them into token holders, and then incentivizing them to stay on and keep their FLOCK. In fact, it wants them to have as much FLOCK as possible, but more than that, it wants them to stay engaged with the project’s governance.
Flockerz’s goal is to maintain high levels of decentralization and to achieve that, it created a unique new model called Vote-To-Earn, which rewards token holders whenever they vote on a proposal and helps its community make a decision.
BUY FLOCK WHILE ITS PRICE IS LOW
Doing so ensures that people will keep coming back to it and voting whenever there is a decision to be made. As a result, people get to earn FLOCK simply by casting their vote, and Flockerz gets to stay decentralized and ensure a high number of token holders. Best of all, you can even stake the tokens you receive this way, and profit even more from staking rewards.
All of this attracted thousands to the project, and its ICO raised over $3.66 million, while its token, FLOCK, sells for only $0.006175.
