Even though the price of some f the best cryptos to buy are dropping, with Bitcoin falling below $100,000, the total crypto market cap is still nearly 2X year-to-date. Furthermore, the world’s most valuable coin is still the most dominant, controlling over 56% of the market share. According to Coingecko, the total crypto market cap is down 7.7% to $3.49 trillion.
Despite the contraction, sentiment remains bullish in the short to medium term. Of note, some investors are considering Flockerz (FLOCK) and Wall Street Pepe (WEPE). These meme coins have been making waves because of their innovation, record-breaking presales, and their community focus.
The Bitcoin and Crypto Flush Out
Bitcoin has been wavy for the better part of January. After cracking $108,000, soaring to as high as $109,000, it looks like traders are now booking profits. Donald Trump has confirmed that he, indeed, is pro-crypto, recently forming a task force and acknowledging the industry’s importance in driving innovation. To that end, multiple executive orders have been signed to fast-track implementation.
As Bitcoin slides ahead of the upcoming FOMC meeting which ends on January 19, altcoins are under pressure. XRP is down below $3, losing 15% in one week whileEthereum is retesting $3,000, dropping nearly 10%. Other major losses in the top 10 include Solana and Dogecoin, which are down roughly 15%.
The sell-off is why investors are exploring high-potential alternatives. These tokens are:
Flockerz: Empowering the Meme Coin Community
Flockerz is a meme coin that will implement a vote-to-earn system that rewards FLOCK holders whenever they actively participate in governance.
Its DAO, called Flocktopia, is modeled in such a way that investors, regardless of their FLOCK holdings, have a reason to take part in how the project evolves.
In the ongoing presale, over $14.3 million worth of FLOCK has been sold.
Each token is trading for just $0.0066883 but will likely rally when it lists today on January 27.
On YouTube, analysts are predicting huge gains once FLOCK begins trading on multiple exchanges.
Besides the potential for gains, FLOCK holders can stake, receiving a 231% APY.
Currently, over 778 million FLOCK have been locked by presale investors.
Wall Street Pepe: Leveling The Meme Coin Trading Field
Wall Street Pepe is a frog-themed meme coin just like PEPE.
However, unlike this top meme coin, Wall Street Pepe seeks inspiration from the movie, The Wolf of Wall Street.
As such, the meme coin creators look at empowering retail traders through its utility token WEPE.
Holders will access a VIP group from where they will receive expert trading insights, signals, and even insider tips.
So far, over $61 million has been raised. WEPE is trading for $0.0003665.
There is an opportunity to stake for a 20% APY.
On YouTube, analysts compare WEPE to TRUMP and MELANIA tokens, saying the former can easily 100X.
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