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Cryptocurrency News Articles

Flockerz ($FLOCK) Raises $8.9M in Presale as Utility Meme Coins Gain Traction

Jan 06, 2025 at 07:15 pm

Flockerz ($FLOCK) is a one-of-a-kind meme coin because it introduces the Vote-to-Earn mechanism. If you're familiar with the Play-to-Earn concept, this is similar.

Flockerz ($FLOCK) Raises $8.9M in Presale as Utility Meme Coins Gain Traction

After falling below $3.3K before Christmas, the second-highest-valued cryptocurrency is making a comeback. It currently trades at $3,647, up 6.9% in the last week.

If bullish momentum continues, $ETH could settle above $3.7K, a key resistance level. With Bitcoin aiming for $100K again, Ethereum might be looking to break $4K, which bodes well for meme coins, especially ERC-20 tokens.

Dogecoin is up 19% in the last week, and Pepe and Shiba Inu have shot up by 10%. The market hovered at $109B in 24-hour trading volume, with Ethereum accounting for 11.9% of the global crypto market.

But there’s another factor that could further push crypto.

Korea’s Jeju Island to Introduce NFT Tourist CardsInnovation and utility are two things that can’t be separated from crypto; they single-handedly drive adoption and investor interest and put crypto on the map.

Recently, Korea’s Jeju Island (a tourist hotspot) announced that it will begin trialing NFT tourist cards in Q3 and Q4 2025 to attract the youth. Visitors will receive various benefits like travel subsidies and discounts, which will be encoded in the blockchain for added security.

The utility of NFT tourist cards can’t be underestimated, either. It’s the perfect blend of practicality, accessibility, and crypto magic.

Jeju Island is one of the most forward-thinking countries in terms of crypto adoption; in March 2024, officials were discussing how to integrate blockchain and NFTs into the country’s economy.

Due to this approach, the number of South Korean crypto users jumped by 610K in November 2024 to $15.6M. About 30% of South Korea’s population is crypto-savvy, which is mind-boggling.

This move should positively impact the crypto market, especially utility-based meme coins that innovate the industry – like Flockerz.

First Vote-to-Earn Meme Coin Raises $8.9M in PresaleFlockerz ($FLOCK) is a unique meme coin because it introduces the Vote-to-Earn mechanism. If you’re familiar with the Play-to-Earn concept, this is similar.

$FLOCK holders can earn passive $FLOCK rewards by participating in the ecosystem’s DAO and voting on key decisions.

Dubbing itself as ‘the future of decentralization’ and ‘the people’s meme coin,’ Flockerz has raised $8.9M in presale, with a token price of $0.0066351.

Traders have also staked over 586M $FLOCK tokens with a 307% staking APY. The promising long-term rewards are partly why Flockerz is receiving so much attention.

The project’s smart contract was also audited by SolidProof and Coinsult, and no risks were identified.

Read $FLOCK’s whitepaper and stay tuned to its X channel for the latest information about its development.

Utility Coins Are Carving Out a Niche, and It’s Good. Very GoodDo you know what the crypto industry needs more than anything else? Crypto projects that innovate and bring something useful to the table.

Our research shows that Flockerz is just that. Investors are already flocking to this presale, and we estimate it’ll pass the $9M presale raise today.

As usual, do your own research about projects you choose to invest in, as volatility is very high in the industry, and not all meme coins make the cut.

News source:bitcoinist.com

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Other articles published on Jan 08, 2025