Monday’s tango with ten cents for Dogecoin price was no scrape. After the week’s trading, the market leading meme coin appears poised to consolidate its gains with support at the new level. That’s a bullish portent for DOGE, but also for meme coins in general. Meanwhile, Flockerz new meme coin $FLOCK is flying off the presale mint at the pre-exchange special price.
The ten cent level for Doge is a key psychological line on the price chart and seeing it begin to slip away in August was a worrisome signal for the doubters, skeptics, and naysayers.
Doge’s downward trend channel on the price chart was beginning to shape up into a potentially bullish falling wedge reversal pattern when the Dogefather, Tesla and SpaceX founder Elon Musk posted on X that he could be the head of a new government agency called DOGE, for “Department of Government Efficiency.”
Setting aside whether an efficient government would create a reality-shifting paradox in time and space, the quick hit by Musk on social media sent Dogecoin flying on crypto exchanges.
Dogecoin Rally Goads Meme Coin Bulls
If they weren’t already before this, with Bitcoin’s halving in April, now meme coin traders are really bracing for the march of the bulls in crypto markets. Musk’s input right at a key inflection point as crypto markets came rushing back to life this week may have got several memes spinning up the charts.
In the wake of Doge’s rally, Sundog jumped up the charts 66% for the seven-day window, Popcat grabbed a 51% weekly candle, and PEPE rallied 20% for the week.
The meme coin market’s resurgence is so euphoric that Wired reported Thursday that meme coin influencers are literally setting themselves on fire and getting punched in the face to make promotional content, a craze which cannot be safely recommended to emulate.
FLOCK Tokens Hot in Flockerz Pre-Sale
After Musk’s tweet, TradingView reported, “Since the tweet, the DOGE price has rallied by 16.25%, reminiscent of the memecoin’s price booms in the past. This suggests that many traders are still eager to capitalize on Musk’s influence, betting on short-term price gains.”
But traders looking for a long-term value-generator in its early stages, where small sums can multiply vastly over the course of a multi-month rally in Bitcoin and Ethereum to new highs, are buying meme coins in presale like the new Flockerz token, FLOCK.
FLOCK owners own the right with each token to vote-to-earn in Flockerz’s DAO, stake their FLOCK tokens for yield, and modify, sell, or trade their FLOCK tokens. The presale event is for a limited time only and while Flockerz Early Bird token supplies last.
Flockerz tokenomics follows the scarcity incentive model to grow its meme currency and hold as much value as possible over time. The presale tokens from its 20% Early Bird pool might be the cheapest price at which meme coin traders will ever get to own these assets.
Get FLOCK tokens in presale here.
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