Meme coins are taking a beating, with the market turning red as traders rush to cash out.
But even in the midst of the selloff, two new projects are grabbing attention.
Flockerz (FLOCK) and Crypto All-Stars (STARS), both in their ICO phase, offer a clear contrast to the declining fortunes of established meme coins.
The meme coin market is in freefall right now.
And this time, nobody’s laughing at the cat and dog-themed tokens.
In the past seven days, a staggering $35 billion has been lost, bringing the sector’s total value to $85.7 billion.
The selloff has spared no one – DOGE and PEPE have tumbled 20% in the past day, while WIF has dropped by a similar amount.
PNUT has been hit the hardest, with its price falling 23% since yesterday.
Jerome Powell and the Federal Reserve are the main reason for all this chaos.
What started as a routine Fed announcement earlier this week turned into a market shock when Powell revealed fewer rate cuts than expected for 2025 and admitted that inflation is still a challenge.
This has led to a 45% jump in meme coin trading volume – mainly from people heading for the exits.
It’s as if traders collectively remembered how risky meme coins are and decided now isn’t the time to hold.
Established meme coins might be struggling, but smart investors are shifting their focus to newer, buzzier projects.
And Flockerz is one of them.
This up-and-coming project has raised $7.3 million during its ICO, with investors able to scoop up FLOCK tokens for $0.0064781 each.
However, it’s not just the FLOCK price catching people’s attention – it’s also how Flockerz is breaking away from the usual meme coin formula.
🔥 The Flock is growing day by day! 🔥
7M raised and this flocks here to stay! 🐦📈 pic.twitter.com/a8gFhYt4P8
— Flockerz (@FlockerzToken) December 17, 2024
Through the Flocktopia DAO, FLOCK holders have real influence, voting on key decisions like marketing strategies and token burns.
Token holders earn rewards for taking part in these votes.
On top of that, Flockerz’s staking options are hard to ignore, with yields currently estimated at 378% per year.
It’s no wonder traders are abandoning underperforming meme coins to secure a spot in this new “Vote-to-Earn” project.
Even popular YouTubers like Crypto June are talking about Flockerz.
In a recent video, he predicted the FLOCK token would “explode” in 2025 after its crypto ICO ends and it hits the open market.
With Flockerz also being featured in top-tier outlets like Cointelegraph, the project’s credibility is skyrocketing.
Crypto All-Stars is another project that’s emerged as a hedge for traders navigating the meme coin market bearishness.
Its recently concluded ICO was nothing short of a blockbuster event – pulling in over $26 million in funding.
Now, early investors are looking forward to Monday 23rd December at 2pm UTC.
That’s when STARS token claims will begin, and the token will officially launch on an exchange.
👾 The Crypto All-Stars Presale is closed! 👾
The Hype Is Real!!$STARS launch and claim will begin at 2 PM UTC on Monday December 23rd ✨ pic.twitter.com/8LyeTSbfxs
— Crypto All-Stars (@all_stars_coin) December 20, 2024
Most of Crypto All-Stars’ appeal lies in its MemeVault feature.
MemeVault is a unified platform for staking top meme coins, from DOGE and SHIB to PEPE.
This simplified solution eliminates the hassle of juggling platforms and wallets, making generating a yield on these coins much more straightforward.
With STARS set to hit the market next week, its timing could be ideal.
Although meme coins are selling off, traders are gravitating towards projects that offer real value, and the allure of 139% per year staking rewards is attractive to many.
Plus, with MemeVault set to support additional coins, there might soon be even more ways to earn.
No wonder big names like Austin Hilton are so excited about Crypto All-Stars.
So, given all the hype around it, there’s every chance STARS will continue to draw attention while other meme coins stumble.
This is a sponsored story. Please conduct your own due diligence and make an informed decision before taking any action. Bitcoin.com accepts no responsibility or liability.
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