A handful of major meme coins delivered altcoin traders more gains apiece than Bitcoin in the first half of 2024. They included Dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), and Bonk Inu (BONK).
Could a new bird-themed meme token in presale, Flockerz (FLOCK) be the next penny crypto that fattens crypto exchange accounts and MetaMask wallets everywhere?
In a meme coin market this hot, altcoin gem hunters are leaving no stone unturned. Memes have delivered as much ROI (return on investment) as many fast-growing Layer-2 utility coins with “real use cases.” Of course, meme coins have a real use case too: They’re money.
That’s one of the most universally relevant use cases an information technology can have.
Meme Coins Outpace Bitcoin Gains in H1 2024
Here’s a list from Forbes of some cryptocurrencies that delivered Bitcoin-beating ROIs in the first half of the year. Many of them are meme coins (memes bolded).
- Dogwifhat: up 1,306%, market capitalization $2.1 billion
- Pepe: up 815%, market cap $5 billion
- Artificial Superintelligence Alliance: up 545%, market cap $3.6 billion
- Floki: up 392%, market cap $1.6 billion
- JasmyCoin: up 343%, market cap $1.4 billion
- Arweave: up 188%, market cap $1.8 billion
- Core: up 152%, market cap $1.2 billion
- Toncoin: up 135%, market cap $18.8 billion
- Bitget: up 100%, market cap $1.6 billion
- Bonk: up 90%, market cap $1.5 billion
Three of the top four high-performance ROI cryptos this year so far were leading meme currencies with large market capitalizations.
Like Bitcoin, we don’t know who started Dogwifhat, Pepe, or Floki. They just showed up one day on the Internet and people who got it, got it.
Of course, Bitcoin is the big daddy of all cryptocurrencies, was extremely innovative, and started off the entire Web3 layer of the Internet, so not as many people understood what it was all about early on.
But by the time meme coins like WIF, PEPE, and FLOKI arrived on the scene, the Web3 revolution had already expanded to millions of people. Smart contracts and currency issuance by base layer blockchains like Ethereum and Solana reached a critical threshold of popular adoption and celebrity acclaim by the time DOGE and SHIB posted incredible rallies in 2021.
(Visit Flockerz to see why altcoin traders are buying FLOCK in 2024. Token staking for yield, a decentralized organization, vote-to-earn— it’s got everything a good starter meme coin needs.)
A Repeat of 2021 Meme Coin Markets In The Making
2021 was a landmark year for cryptocurrency markets. The green candles on price charts everywhere were unbelievable by any previous standard of asset price growth in liquid markets. By that time, the Internet had united an enormous amount of financial resources vastly great, beyond any level of wealth previously accumulated in the entire span of human history.
When the U.S. central bank began its unprecedented balance sheet expansion in response to the 2008 financial crisis, the total circulating money supply of US dollars was multiplied many times over, a truly radical experiment in monetary engineering.
But the central econometricians were worried it would not be radical enough and it turned out to be wildly successful. Then in the years just before the pandemic, the central bank technocrats feared that a deflationary spiral threatened to burden debt holders with weaker dollars in earnings to pay back the nominally same debts and turn financial markets inside out.
It turned out that once again in the course of American history, the fundamental economic limit on our productive possibilities wasn’t not having enough resources, but not having enough money to match them and facilitate an exchange economy.
Bitcoin had already launched during the financial crisis, with an inflation shelter for any money coming out of a hot printing press. By 2021 currency issuance on smart contract platforms like Ethereum was meeting the economy’s demand for more money— more ways for participants in the economy to keep track of how they organize and coordinate their resources.
Flockerz (FLOCK) Presale Flies Higher
There’s an old piano and they play it hot behind the green door. Green door, what’s that secret you’re keeping?
As the free market currency revolution became a rising sea level of new money, altcoin traders found green candles everywhere as they filled their bags with different new issuance.
Flockerz is here to add to the wealth of new currencies and keep the green candles coming. Its new meme coin, FLOCK follows in the footsteps of popular dog and frog memes like Floki and Pepe.
The new FLOCK currency is taking flight in presale, with a $230,000 fast start to the sale event for its specially priced Early Bird token pool.
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