Pengus and Fartcoin Defy Downtrend, Flockerz Presale Raises $8.4M
Despite the recent decline in the value of leading cryptocurrencies and the broader market, several coins are bucking the trend. While Bitcoin (BTC) is currently experiencing a red trend, Pudgy Penguins (PENGU) and Fartcoin (FARTCOIN) are up 12.11% and 15.63%, respectively.
Aside from established meme coins, investors are showing their trust in projects that are yet to realize their full potential, and Flockerz (FLOCK) is receiving more attention than most. FLOCK has now raised over $8.4 million for the launch of its token and the world’s first vote-to-earn DAO, with only three weeks remaining before its presale wraps up.
PENGU Shows Resilience and Potential for Future Growth
Pudgy Penguins is a Web3-born brand that features NFT collections, merch, and a clothing brand, all themed around penguins. Since 2021, Pudgy Penguins has gathered over 552,000 followers on its X (Twitter) page, and the project has recently released its own token, PENGU.
Designed to provide its holders with governance rights and utility, PENGU entered the market priced at $0.003375 on December 17th, but its price immediately skyrocketed to $0.05019 following the distribution of airdrop rewards to the Pudgy Penguins community and NFT owners.
Although profit-taking saw its price drop to the $0.027 level just a day after its launch, PENGU currently stands at $0.034, representing a 573.53% jump since its launch day.
With its explosive entry into the market, PENGU managed to flip BONK and take its place as the 4th largest meme coin. Although BONK retook its place since, PENGU is just $100 million away from flipping it again, and crypto analyst 0xENAS believes it’s capable of getting closer to PEPE in early 2025.
$PENGU – a new narrative for a new year
Something I haven’t really seen across the timeline despite it being a clear market leader for multiple verticals (NFTs / consumer / meme?)
Pengu is basically a rehash of APE back in the day, except that we’ve got a proper functioning… pic.twitter.com/4BzTK7xCKh
— Eugene Ng Ah Sio (@0xENAS) December 31, 2024
He believes that the launch of Abstract Chain, scheduled to happen this month and developed by Pudgy Penguins, will act as a catalyst that will help propel PENGU to new heights, pointing to a target that exceeds its previous ATH.
Fartcoin Surpasses $1B Market Cap as it Outperforms Most Leading Meme Tokens
Fartcoin entered the market in October 2024, priced at $0.00005908, and reached the $0.02 level by November, with a market cap of $22 million. After crossing the $1 billion market cap milestone for the first time on December 19th, the token reached its ATH of $1.30 the day after, but it halved in value over the next three days.
Although it soared back above the $1 billion market cap during the Christmas rally, fueled by a listing on Binance Futures, it spent most of the second half of December hovering below that level.
Today, Fartcoin crossed above the $1 mark and $1 billion market cap again, which places it well above its 50-day Simple Moving Average (SMA), signaling strong potential for further short-term gains.
Market expert ChartLord believes the previous dip and Fartcoin’s current price are excellent buy zones, predicting the token will soar to the $1.7 mark over the next few days.
Still interested in this $Fartcoin https://t.co/0o8hII6q9s pic.twitter.com/zjbyAdgdg3
— ChartLord (@Call_me_Cypher) December 31, 2024
The token’s technical indicators support that sentiment, with Fartcoin’s long/short ratio of 1.27 showing a slight preference for long positions among traders. Plus, its 14-day Relative Strength Index (RSI) stands at 57.71, suggesting the token has room for upward movement without being overbought.
New Meme Coin Flockerz Hits $8.4M in Presale – 21 Days Left to Join
Flockerz is preparing for the release of its token and the subsequent launch of its DAO, FlockTopia, which will distribute the world’s first vote-to-earn rewards to those using it to vote on key project decisions.
To become eligible for vote-to-earn rewards, users will need to hold FLOCK and cast their votes, which could turn Flockerz into a community-driven token. Investors can currently get FLOCK with a credit or debit card or swap their ETH, BNB, and USDT for the token, which currently costs $0.0065823.
With 21 days left to join the presale, investors also have plenty of time to stake FLOCK and maximize their investment, and the project currently offers a 327% staking APY.
Popular analyst Nass Crypto, followed by over 1 million YouTube users, has pointed out the strength of FLOCK’s community and robust security, often called the two pillars of a meme coin’s success.
Conclusion
In conclusion, PENGU and Fartcoin are defying the downturn in the broader market, and Flockerz is generating significant interest with its presale reaching $8.4 million. As the market continues to evolve, these coins may offer opportunities for investors to capitalize on their potential growth.
FAQs
Q: What is PENGU?
A: PENGU is a Web3-born brand that features NFT collections, merch, and a clothing brand, all themed around penguins. It recently released its own token, PENGU.
Q: What is Fartcoin?
A: Fartcoin entered the market in October 2024, priced at $0.00005908, and reached the $0.02 level by November, with a market cap of $22 million. It has since surpassed $1 billion in market cap.
Q: What is Flockerz?
A: Flockerz is a new meme coin that is preparing for the release of its token and the subsequent launch of its DAO, FlockTopia. It has raised $8.4 million in presale and has 21 days left to join.
Q: What is the purpose of FlockTopia?
A: FlockTopia will distribute the world’s first vote-to-earn rewards to those using it to vote on key project decisions.
Q: How can I get FLOCK?
A: Investors can currently get FLOCK with a credit or debit card or swap their ETH, BNB, and USDT for the token, which currently costs $0.0065823.
Q: What is the current staking APY for FLOCK?
A: The current staking APY for FLOCK is 327%.
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