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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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Why Trust Cryptonews
In the fast moving world of crypto, meme coins pass in and out of the limelight on a regular rotation.
This is largely due to the fact that meme coins are topical by nature.
This means they’re naturally sustained by the cultural capital of their underlying meme.
In this $50 billion market, only a handful memes have survived the test of time.
One is Dogecoin, which inspired the original meme coin Dogecoin ($DOGE) along with its many copycats, some of which have market caps over a billion, like, the $10 billion Shiba Inu ($SHIB), which is a little more than 33% away from flipping the $15.3 billion $DOGE.
Then there’s Pepe ($PEPE), who is based off Max Furie’s cult webcomic Boy’s Club.
The $4 billion cap Pepe is the third biggest meme coin and has remained so for what feels like forever.
However, a new cohort of meme coins are challenging their ascendancy.
$SPX6900 And $HIPPO: Two Recent Meme Coin Success Stories.
Two meme coins that are turning heads right now are $SPX6900 and Su Deng ($HIPPO).
SPX6900 launched a year ago with a simple premise.
Everybody knows the S&P500, but $SPX6900 is parodying an index that tracks the price of meme coins.
Now, ‘parodying’ is the operative word here because the $SPX6900 is a fictional index.
Its developers have built an accompanying troll fake news website to help promote the meme coin and give it a sense of identity.
Still, SPX6900 rose 5416% in the last seven days. Even relatively recent holders are posting eye-popping gains, with the token rising 170% in the last 24 hours and 752% in the last seven days.
Su Deng on the other hand may be a more cynical proposition. The token launched at the start of this month and has managed to rally 28% in a week.
However, Su Deng appears to be aping meme coin sensation Moo Deng ($MOODENG), the token inspired by a viral baby hippo in Thailand.
Given Su Deng’s derivative nature, it’s not likely to hold the market’s attention for long.
And in the Presales Market: Flockerz
Finally, in the micro-cap world of presales, where investors can get into meme coins from their very launch, there is Flockerz ($FLOCK).
Its presale launched last month and it has rapidly raised over $583,000.
Touting itself as “The People’s Meme Coin”, Flockerz offers crypto fans a vote-to-earn meme coin with unrivaled staking rewards and community-building.
So, what is “vote-to-earn” and how does it work? Firstly, Flockerz holders (aka “The $FLOCK”) are all members of a decentralized autonomous organization (DAO) called Flocktopia.
Flocktopia is where members of The Flock can draft and vote on governance and improvement proposals to ensure that all important decisions are by community consensus and not a centralized authority.
By rewarding voters with $FLOCK, Flockerz incentivizes frequent active engagement with the community and aligns everyone’s interests towards making the project a success.
The more you participate, the greater the rewards, making for a potentially more loyal meme coin community than DogWifHat.
Some 25% of the project’s 12 billion $FLOCK token supply are for staking, with the protocol offering stakers eye watering yield of 3,124% on the tokens they lock up over a two-year staking period.
Flockerz is a transparent and fully audited project.
That’s why Coinsult audited its smart contract, to give investors peace of mind.
Furthermore, Flockerz is eyeing up listings on both centralized and decentralized exchanges (CEXs and DEXs) to join DogWIfHat as a global meme coin. The vote-to-earn mechanism will launch after listings.
Hold on, because this $FLOCK is taking off!
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website For More Information
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
