Elon Musk Pumps Dog-Based Meme Coins Prices Again as Investors Look for the Best Coin for 2025

0

Elon Musk, the CEO of Tesla and SpaceX, has had a long relationship with the crypto industry, and specifically with the meme coin sector.

His support of Dogecoin and many related cryptos has long been a well-known fact, and his posts on X have been affecting crypto prices regularly for years now.

So, it came as no surprise when cryptos like Baby Doge Coin (BABYDOGE) recently blew up after Musk posted yet another Doge-related tweet on December 7.

Musk did not write anything in the post; he simply posted a photo of a sand or dust cloud with a dog’s face in it swooping through a town, and the prices immediately shot up.

https://www.twitter.com/elonmusk/status/1865285753569177656

BABYDOGE Blows Up After Musk’s New Dog Tweet

As mentioned, the tweet was posted on December 7, and BABYDOGE, which traded sideways until that point, surged from $0.000000002591 to $0.00000000434 within two hours, and then it kept going over the next few days, until it skyrocketed to $0.000000006604, reaching a new all-time high.

The token surged 40% within 24 hours to achieve this feat, and while there have been other factors contributing to the move, it is generally believed that it all started with Musk’s tweet.

As a result of its surge over the last few days, BABYDOGE became the second most-traded asset on Binance, it reached over 6k holders on Solana, and it had over $5 billion in spot volume across all exchanges in the last four days.

https://www.twitter.com/BabyDogeCoin/status/1866445975491129419

Many believe that Baby Doge Coin could be the best coin for 2025 when a massive price surge is expected to start. However, there are many who argue that BABYDOGE had its surge and that searching for the best coin for 2025 should be reserved for new cryptos that are still in presale, like Flockerz (FLOCK).

BUY FLOCK TOKENS AND GAIN THE RIGHT TO EARN VOTING REWARDS

Is Flockerz The Best Coin For 2025?

Flockerz is a new meme coin that is currently still in presale, but also one with massive potential. This potential comes from the project’s desire to form a strong and loyal community that will keep returning to the project, but also from the desire to ensure high levels of decentralization in the long term.

The project achieved both by introducing a new model called Vote-to-Earn, which allows its token holders to earn rewards from joining the governance process, and vote on various proposals.

Decentralized cryptocurrencies depend on their communities to come up with proposals and decide whether or not to adopt the changes that the proposals outline. Such changes can have positive effects on the project, but it is generally left to the community’s hivemind to weigh the pros against the cons, the risks that might come with adopting a change.

The problem with many projects is that their communities tend to lose interest in voting, as most proposals do not have an immediate effect. They don’t impact the short-term price of the coin, and so they don’t help the user immediately profit.

Those with a long-term investment mindset may see the value in making a change that might be positive in the future, but the crypto industry moves quickly, and so do their participants.

If community members stop voting, then all the decision-making is left in the hands of a few token holders, which increases the project’s centralization. By introducing incentives to the voting process, Flockerz ensures that this will not happen, as users have an immediate benefit from voting, which is why many have rushed to the project’s ICO to buy its token and start voting on any new proposals. 

BUY FLOCK BEFORE ITS PRICE GOES UP

The FLOCK ICO surged to raise $5.53 million as of December 10, with more money pouring into the project every day.

This is also why many assume that this could be the best coin for 2025, as it is likely that the number of its holders will continue growing, which will also increase demand, and presumably the project’s price, especially during the next big bull run.

So, those who agree with this sentiment should consider buying FLOCK now, while its price is still only $0.0063247, as there is a reasonable chance of it seeing a surge after it goes live next year.

Share.

Comments are closed.

Exit mobile version