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Bitcoin is setting new records, surging past its previous all-time high – and taking the entire crypto market with it.
This latest rally has also brought bullish momentum to the meme coin space.
Dogecoin is back in the spotlight after a sizable push, while newer faces like Flockerz are catching the attention of investors seeking the next big thing.
Bitcoin’s Record-Breaking Surge Tied to Election Day Drama
Bitcoin’s latest surge has a political edge.
It broke past $75,000 overnight as the US election drama reached its peak.
BTC first hit $70,500, then shot to a new all-time high in the early hours.
As Trump’s electoral count began to pull away from Harris’, Bitcoin capitalized on the excitement since most traders view a Trump win as a bullish catalyst.
His comments about crypto at this year’s Bitcoin 2024 conference have boosted his stock in investors’ eyes.
But Bitcoin’s price action isn’t just down to political factors.
Despite an unusual wave of outflows from spot BTC ETFs – totaling $541 million – BlackRock’s IBIT stood out with $38.3 million in inflows.
This mixed institutional behavior has traders bracing for more price swings.
As it stands, the Crypto Fear & Greed Index is at 70 – firmly in “Greed” territory.
But with Trump now officially given the presidential win, there’s every chance this index (and Bitcoin) could rally even higher.
Meme Coins Soar Alongside Bitcoin’s Historic Rally
Meme coins are also benefiting from Bitcoin’s rally.
The total market cap of these coins has surged past $68.1 billion, with trading volumes rocketing 184% to over $20 billion in just 24 hours.
Leading the way is Dogecoin, the OG meme coin, which has spiked 17% to reach $0.202.
That’s DOGE’s highest point in seven months.
With this impressive run, DOGE is now the eighth-largest cryptocurrency in the world, boasting a market cap of over $29 billion.
And it’s not just Dogecoin that’s rallying.
Other popular meme coins, like SHIB and PEPE, are also benefiting from the bullishness.
Crypto Twitter is further fanning the excitement as influential accounts stir up the speculation.
For example, the popular Elon Musk parody account, followed by over 210,000 crypto fans, made a bold call for “memecoins 1000x.”
That’s strengthened the hype around these coins even more.
Is Flockerz the Next Big Meme Coin? Vote-to-Earn Protocol Helps Presale Raise $1.2M
This meme coin frenzy has also created a launchpad for new projects like Flockerz to thrive.
Having already raised over $1.2 million in its presale, Flockerz is attracting investors who are looking for the next meme coin that could explode.
Unlike most meme coins, however, Flockerz focuses on more than just hype.
The team is creating an ecosystem built around utility and active community involvement.
Central to Flockerz’s appeal is its Vote-to-Earn model, which adds actual functionality to holding FLOCK tokens.
Through “Flocktopia,” the project’s DAO platform, token holders can earn additional FLOCK by voting on governance issues.
For example, if the community were to vote on a proposal to adjust staking rates or fund a marketing campaign, participants would receive FLOCK tokens in return for their input.
It’s a way to reward engagement while giving the community an active role.
Flockerz also concentrates on security, passing smart contract audits from Coinsult and SolidProof.
These audits reassure investors that FLOCK’s code is sound.
Combine that with Flockerz’s 1,313% APY staking rewards, and it’s easy to see why so many people are piling into the project’s presale.
Right now, early investors can snag FLOCK tokens for just $0.0059571 each.
That price will increase in less than three days – encouraging would-be investors to get involved as quickly as possible.
All in all, with Dogecoin and Bitcoin both surging, the timing couldn’t be better for Flockerz.
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