Bitcoin, Dogecoin Prices Dip But Flockerz Presale Surges Past $5M Mark | BinanX News

The cryptocurrency market has taken a breather today, with Bitcoin falling to $98,800 and Dogecoin losing 6% of its value.

But in the midst of this decline, a new meme currency continues to do well.

Flockerz is ignoring the market gloom and has now raised over $5 million in pre-sale funding.

Bitcoin falls below $100,000, but bullish signs persist

bitcoin is hovering below $100,000, falling 2% in the last day, as some traders decided to lock in profits.

There has been a bit of a tug of war lately, with Bitcoin struggling to break through such a key price level.

But despite this drop, things look solid overall.

Spot trading volume has increased 58% to $65 billion, and there are growing interest in BTC derivatives, a sign that large institutions are still hungry for exposure.

Also, MicroStrategy just crashed another 21,550 BTCwhich brings its reserve to more than 2% of all existing Bitcoin.

This is a huge vote of confidence by Michael Saylor and his firm.

He Crypto Fear and Greed Index also stands at 78, showing that the majority of traders remain positive about the future of Bitcoin, despite these short-term changes.

With all these positive signs, this latest drop is probably just a blip before Bitcoin gets another chance to break above $100,000.

Dogecoin Cools Off from Weekend Highs: Can DOGE Recover?

Dogecoin It has also seen a decline, falling to $0.44 after reaching highs above $0.48 over the weekend.

This drop pushed DOGE below a key technical level (the 50-period EMA on the 4-hour chart), but it still respects an ascending trend line.

That suggests a rally could be imminent.

Some traders play it safe and reduce their leveraged positions, as evidenced by open interest. falling 11% in the last 24 hours.

But a popular analyst, Tardigrade Traderremains very bullish on DOGE.

He said that looking at the bigger picture, DOGE just broke out of an oversold zone on the monthly chart and is poised for a big rally.

Trader Tardigrade even believes that the coin could reach between $8 and $10 during this cycle.

However, he also noted that a correction would likely see DOGE drop back down to the $0.80 to $1.80 range after that.

Comments from trader Tardigrade suggest that holders could see much more gains on the horizon, even if some short-term volatility looms.

Flockerz Vote-to-Win Project Raises $5 Million: Why Investors Are Bullish on This New Meme Coin

As Bitcoin and Dogecoin battle, the new meme currency project flockerz is gaining ground.

The project surpassed $5 million in pre-sale funding over the weekend.

But why all the fuss?

The main reason is Flockerz’s “Vote-to-Earn” system, which rewards users with FLOCK tokens for participating in decisions about the future of the project.

The flocks on fire!

5 million ways to say The Flock’s on top! What a huge milestone, it couldn’t have happened without every member of the flock spreading the good word!

To the top! With The Flock! pic.twitter.com/89co1o8qkT

—Flockerz (@FlockerzToken) December 7, 2024

Everything is done through the Flocktopia DAO, which is basically a decentralized way for the community to govern itself.

So unlike most meme coins that don’t actually do anything, the Flockerz team has built an ecosystem focused on utility.

Users can also stake your FLOCK tokens in this ecosystem to obtain high returns.

These returns are currently estimated at 485% annually, much more than what most staking protocols offer.

And if that were not enough, the Flockerz team has also reserved 25% of the token supply for the DAO treasury.

Some big crypto influencers are starting to take note of this setup.

one of them is ClayBrowho told his 132,000 YouTube subscribers that FLOCK has great potential.

Ultimately, the fact that Flockerz is doing so well in pre-sale, even with the market crashing, shows that investors are looking for meme coins that offer something different.

This is why some believe FLOCK could be the next big name in crypto.

Visit the Flockerz pre-sale

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