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Slerf surges 40% to $0.1989, sparking excitement, while Flockerz offers growth potential with its unique Vote-to-Earn model.
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Slerf has resurrected this week with a 40% pump – has the opportunity to secure major gains passed?
It’s currently priced at $0.1989. Let’s find out how far it can (or can’t) go.
Slerf breaks multi-month resistance as analysts point more gains
The majority of Slerf holders are out of the money because its price has been in a relentless downtrend for the last six months.
However, it has recently bucked the trend, sparking excitement among traders.
One prediction comes from meme coin trader Fantoshi, who noted that Slerf has “broken out of the multi-month resistance.”
The trader targets a staggering 30x gains.
That seems ambitious, but the project currently has a $99 million market cap. So, even if it reached the target, it would have a lesser valuation than Pepe.
Meanwhile, Mr Qwerty takes a lower-time-frame outlook, targeting $0.65 after Slerf created an inverse head and shoulders chart pattern.
Communtiy member slerf.fan spotlighted the reason that Slerf is pumping: it’s a community-led project.
Slerf initially launched as a presale, but the developer accidentally burned the presale supply after raising $10 million, causing many investors to suffer severe losses.
However, the coming together of different organizations helped to reimburse most of the lost investments, and then the community took over the project.
This is known as a community takeover (CTO).
This is important because First Neiro On Ethereum, another CTO crypto, has exploded over 800x in a two-month window following a recent listing on Binance.
Due to its juncture as a CTO token, Binance listed First Neiro on Ethereum over a much more prominent rival at the time, Neiro Ethereum.
Should First Neiro On Ethereum keep rising, it could cultivate a CTO narrative that allows Slerf and other similar tokens to surge.
While Fantoshi’s 30x prediction is not impossible, traders may want to first look toward Mr Qwerty’s $0.65 target, which is approximately a 3x from Slerf’s current price.
Following this, First Neiro on Ethereum’s $800 million market cap may be a more realistic longer-term benchmark, translating to a Slerf price of around $1.6.
For those seeking gains of the magnitude predicted by Mr Qwerty, an alternative token to consider is Flockerz. It’s a fully decentralized, community-led meme coin powered by the world’s first Vote-to-Earn decentralized autonomous organisation.
Could Flockerz be the next CTO token to explode after raising $700k at presale?
With $700K raised, Flockerz remains in its early stages, presenting the highest room for growth.
Compare that to Slerf’s $100 million market cap or NEIRO’s $800 million market cap, and it’s easy to see why.
But Flockerz also separates itself from these projects with the world’s first Vote-to-Earn DAO. Picture this: a meme coin where holders get to vote on every decision relating to the project’s future, and every time they vote, they earn more tokens.
It’s an ingenious concept that encourages community participation while aligning user incentives with the project’s success.
And that’s not the only way that FLOCK holders can earn. They can also stake their tokens for passive rewards. Staking is live and currently provides a 2,369% APY, but this will decrease as more tokens are staked.
This whole concept has got analysts paying close attention. For instance, Jacob Bury speculated it can 100x in price. He pointed to the exponential gains of other new meme coins, such as Moo Deng, which recently exploded 10,000x.
Currently, investors can buy FLOCK at presale for $0.0057699.
However, this price is expected to rise throughout the ICO, with the next increase later today.
For more information, visit the Flockerz presale website or join the community on X or join its Telegram for updates.
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This article first appeared at crypto.news
