Pro-crypto Donald Trump has claimed in the US election and the market is booming, with Bitcoin hitting a new all time high of $75,000.
Meme coins are surging across the board, with Dogecoin (DOGE) and Shiba Inu (SHIB) having both posted hefty gains in the past day as the bulls take control of the crypto market.
Hot on their heels, new meme coin Flockerz (FLOCK) is making its own headlines as its Vote-to-Earn presale nears the $1.3 million mark.
Traders who had written off meme coins after last week’s bearishness might be eating their words now.
Dogecoin is leading the sector’s surge, rocketing up to $0.191 after briefly touching $0.219 overnight.
That means the coin is at levels not seen since mid-April.
DOGE has gained 34% since Sunday’s lows, and if the current momentum holds, there could be more room to run.
Not to be outdone, Shiba Inu is also rallying.
SHIB has climbed to $0.0000183, a solid 12% gain since the weekend.
However, it did face some pushback after tapping resistance at $0.0000197.
The pullback hasn’t dampened traders’ spirits though, since spot volumes are up 192% to over $1 billion.
SHIB’s market cap has also passed $10.7 billion.
Both DOGE and SHIB are proving that the bulls are firmly back in control of the meme coin sector.
The ongoing meme coin rally is closely tied to politics.
With Donald Trump having secured another term, investors are buzzing with optimism.
Trump’s pro-crypto reputation has traders betting big on digital assets, pushing Bitcoin (BTC) to a new all-time high overnight.
It’s also lifting altcoins and meme coins – hence the DOGE and SHIB rally.
But another factor is adding fuel to the rally: speculation about Elon Musk’s potential role in the Trump administration.
After Trump floated the idea of appointing Musk to head a “government efficiency commission” last September, crypto Twitter couldn’t help but notice Musk’s rebranding of it as “D.O.G.E.”
Naturally, his possible government position has increased interest in Dogecoin.
And when he mentioned this commission on Joe Rogan earlier this week, DOGE’s price saw an immediate spike.
Overall, between Trump’s second term and the Musk factor, traders are piling into meme coins with confidence.
That’s why Dogecoin and Shibu Inu are seeing such impressive price gains.
The bullishness isn’t just lifting established meme coins – it’s also leading to interest in newcomers.
Flockerz is one of those newcomers that’s beginning to build momentum.
Its presale phase is nearing the $1.3 million mark as traders rush to secure fixed-price FLOCK coins.
Unlike most meme coins, Flockerz is betting big on community governance through its “Vote-to-Earn” system, where FLOCK holders earn more tokens for participation in project decisions.
For example, whether to implement a new feature or conduct a marketing campaign.
However, Flockerz’s appeal goes beyond this rewards system.
Investors are also buzzed about the staking rewards, with 25% of the FLOCK supply dedicated to staking pools.
These pools currently offer APYs of 1,316% – and investors have already locked up over 136 million tokens.
Flockerz’s focus on rewards is hitting all the right notes with the community.
The project’s Twitter page has grown to over 3,100 followers, while the official Telegram channel has also exploded.
With audits from Coinsult and SolidProof under its belt, Flockerz appears well-placed to capitalize on the market optimism.
The analysts at 99Bitcoins think that is the case.
In a recent video, they predicted the FLOCK token’s price could 100x after it hits exchanges.
Although that’s entirely hypothetical, it shows the amount of hype – and analyst backing – that this new meme coin has.
Visit Flockerz Presale
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