Meme Coins Exceed $111 Billion in Market Capitalization as New Vote-to-Earn Dogecoin Competitor Flockerz Secures $1.5 Million in Presale Funding

Flockerz ($FLOCK) has successfully secured $1.5 million during its presale, coinciding with a surge in the meme coin market that has elevated the sector’s market capitalization to $111 billion as of Tuesday.

Meme coins continue to benefit from Bitcoin’s ($BTC) upward momentum, with its once-elusive $100,000 price point now appearing within reach, as it recently achieved a new all-time high of $90,000.

Attention is particularly focused on the price of Dogecoin ($DOGE), which has risen 35% today to $0.40 and has increased by 130% over the last week. Backed by Elon Musk, $DOGE aims to establish itself as the people’s currency and is introducing a mechanism for community proposals.

However, Flockerz, referred to as the “People’s Meme Coin,” may capture attention from $DOGE by becoming the first meme coin entirely governed by its community.

With its innovative vote-to-earn mechanism (V2E), Flockerz presents a new framework that rewards community members for engaging in the governance of the project—where each vote on significant decisions earns cryptocurrency.

Since the commencement of its presale in September, Flockerz has experienced swift fundraising activities, indicating robust investor interest in a project driven solely by its community.

To participate in the initiative—similar to a whale that recently acquired 8.8 million $FLOCK for around $53,000—investors can obtain one token for merely $0.0060049.

Ethereum Transaction Hash (Txhash) Details | Etherscan

However, the price has a three-day timeframe before it increases to $0.0060289 per token.

Altcoin season arrives early – newer tokens are set for significant growth

Bitcoin is swiftly approaching the $100,000 milestone, having briefly reached $90,000 on Tuesday, while Dogecoin aims to surpass its previous all-time high of $0.73 set four years ago. Over the weekend, the leading cryptocurrency broke through previous resistance levels and continues to show strong momentum.

The overall cryptocurrency market has surged, achieving a total market cap of $3.02 trillion, with $331 billion in trading volume recorded over the past 24 hours.

Meme coins, in particular, have experienced substantial gains, with $DOGE leading the way, up over 35% in the last 24 hours. Pepe ($PEPE) and Floki ($FLOKI) are also on the rise, increasing by 19.54% and 18.15%, respectively.

Despite this upward trend, technically, a full altcoin season has not yet fully developed. Only 37% of the top 50 meme coins have outperformed Bitcoin, while the threshold for a complete altcoin season is 75%. This indicates that the market still has considerable potential for growth.

Analysts like Stockmoney Lizards on X suggest that despite the recent surge, the market has not yet reached its peak. Utilizing technical indicators such as the RSI and a rising wedge formation on the total crypto market cap, Stockmoney Lizards forecasts that the actual peak may occur in the latter half of 2025.

#AltcoinSeason Sir
We are still not even close to the peak. If you think this is the rally, NO. We will go much higher. The RSI will guide us to the peak.
Legend:
Total 3 is the market cap of all crypto excluding #BTC and #ETH. The Relative Strength Index (RSI) is a momentum… pic.twitter.com/EsDOu7I8HB

— Stockmoney Lizards (@StockmoneyL) November 11, 2024

Nonetheless, the emergence of a full altcoin season indicates that the market has transitioned into a “risk-on” phase, particularly favoring tokens with higher potential for significant gains.

As meme coins are experiencing rapid growth, many of the leading digital assets in the market are not seeing the same level of increase, further suggesting that this market has much more room to expand.

If 2025 marks the onset of a super cycle, micro-cap meme coins could take the forefront.

Among these, Flockerz is distinguished as the most promising newcomer. Unlike other meme coins, Flockerz is not governed by a single, questionable developer but by a community that is genuinely invested in its future.

The new benchmark for meme coins

As previously noted, Flockerz is a community-governed meme coin driven by its distinctive Vote-to-Earn (V2E) incentive model. Holders of $FLOCK can earn additional tokens by engaging in key decision-making processes that influence the project’s future.

For instance, $FLOCK holders have a voice in essential decisions such as protocol modifications, budget distributions, changes to tokenomics, grant approvals, investment strategies, and more.

Yes, It’s true! You too can vote to create change within the flock! pic.twitter.com/uIbyrUEyg8

— Flockerz (@FlockerzToken) November 10, 2024

This decentralized governance structure empowers the community to directly shape the project’s trajectory, with every vote rewarded in $FLOCK tokens.

By providing this level of community engagement, Flockerz becomes the first meme coin project to genuinely place governance in the hands of its holders.

This approach is unprecedented in the industry, especially when compared to the typical one-man-show meme coin launches that saturate platforms like Solana’s Pump.fun.

With a fully community-governed framework, the risk of a developer abandoning the project is nearly eliminated.

As the first meme coin to implement the V2E model, Flockerz could establish a new benchmark in the sector. Other meme coin projects may soon adopt similar practices, ensuring enhanced transparency and reassurance for investors.

If this occurs, Flockerz could emerge as a trailblazer in the field, akin to how Dogecoin was the inaugural meme coin, and receive comparable recognition in future rallies that $DOGE is currently enjoying.

Participate in the Flockerz presale

Interested investors can easily acquire their $FLOCK by visiting the official project website. Once there, they can connect their wallet (e.g., Best Wallet) and purchase $FLOCK using ETH, BNB, USDT, or even a bank card.

Additionally, investors can stake their tokens and earn an impressive 1,147% APY, allowing them to potentially double their holdings in just over a month.

Flockerz emphasizes transparency and security, which is why its smart contract has already undergone an audit by Coinsult, providing reassurance for every investor.

To stay updated with the latest news, join the Flockerz community on X and Telegram.

Visit the Flockerz presale website.

The post Meme Coins Surpass $111B Market Cap as New Vote-to-Earn (V2E) Dogecoin Rival Flockerz Raises $1.5M in Presale appeared first on Cryptonews.