The ownership dispute over FTX EU has ignited tensions between Backpack Exchange and the FTX estate, raising questions about asset transfers and creditor payments. This controversy follows Backpack’s recent assertion
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Flockerz presale hits $9M, anticipates more gains in the final two weeks
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Flockerz presale anticipates more gains in its final two weeks after successfully raising $9 million. Table of Contents Flockerz’s V2E model FLOCK could land on a top exchange How to join the FLOCK presale The new Vote-to-Earn (V2E) meme coin Flockerz (FLOCK) recently hit $9 million in its presale. With just a couple of weeks left before it prepares for its official listing, investor traction around this new coin has grown massively. Flockerz puts decision-making in the hands of its community — every holder has a say, with opportunities for receiving additional tokens by voting on community topics. This has many calling Flockerz the “people’s meme coin.” Flockerz’s V2E model Flockerz’s V2E model aims to transform how meme coins work by aligning community incentives with project growth. Instead of top-down decision-making, everything is handled through Flocktopia, a decentralized autonomous organization (DAO). This DAO will ensure that no single entity can hijack the protocol or divert investor funds. The meme coin space has seen many projects where founders vanish, leaving the community empty-handed. Flockerz aims to prevent such scenarios by distributing power among holders. If any significant changes are proposed, the community weighs in via the V2E system. This dramatically reduces the risk of rug pulls and creates a stable environment for growth. ????There are 3 things the flock loves???? 1. Community 2. Voting 3. EARNING ???????? pic.twitter.com/76GRTfvrep — Flockerz (@FlockerzToken) December 18, 2024 FLOCK could land on a top exchange A listing on a tier-1 crypto exchange like Binance often skyrockets a token’s price soon after launch. These price surges were seen throughout 2024. For instance, Neiro’s market cap surpassed $352 million after its Binance listing. Typically called the “Binance Effect,” these listings often result in a 41% average gain in the first 24 hours of launch. It’s worth noting that Flockerz is listed in Best Wallet’s ‘Upcoming Tokens’ section. This leading Web3 wallet has a reputation for listing some of last year’s hottest meme coin launches. A great example is Pepe Unchained (PEPU). It started with a presale price of $0.008 and saw triple-digit gains, peaking at $0.068576 during launch. Similarly, Catslap, a trending meme coin, saw over 4,000% jump after its recent launch. Analysts like ClayBro believe a 100% gain or higher is possible for FLOCK, especially since the project looks set to raise well over $10M before its presale conclusion. How to join the FLOCK presale With nearly two weeks left for the presale, early buyers have a limited time to buy FLOCK before it hits exchanges this January. Notably, the platform has completed a smart contract audit with Coinsult . To buy the tokens, go to the official Flockerz presale page and connect a crypto wallet to the website’s interface. The tokens can also be bought directly through the Best Wallet app . FLOCK can be acquired using ETH, BNB, USDT, or a bank card. The current presale price is $0.006531 per token, but will soon increase. Buyers can also stake their FLOCK tokens for a high APY of over 300% at the time of writing. For more information on Flockerz, visit their website , X , or Telegram group . Read more: Binance Research monthly report presents important insights into the crypto market Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. CoinOtag
Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge
Ethereum has seen a sharp 14% drop in less than two days, intensifying concerns across the crypto market during a selloff that began earlier this week. The bearish sentiment has left many investors disheartened, with Ethereum struggling to reclaim higher price levels. Frustrated by the consistent underperformance, some investors are beginning to lose faith in the altcoin giant, seeking opportunities elsewhere. Related Reading: Expert Sets $1 Target For Dogecoin Once It Breaks A Multi-Year Trend – Details Despite the negative sentiment, top analyst Ali Martinez has shared an optimistic outlook for Ethereum. Martinez’s analysis suggests that a downswing to the $2,900 level could present a highly favorable “buy-the-dip” scenario for long-term investors. According to Martinez, this potential decline would lay the groundwork for Ethereum to target significantly higher levels, with a bullish price goal of $7,000 in the coming cycle. The current market conditions have sparked uncertainty, but many experts believe the upcoming months will prove pivotal for Ethereum. As the altcoin leader grapples with its recent declines, investors and traders alike are closely watching key support levels to assess whether ETH can rebound from this downturn. With Martinez’s bullish target on the horizon, could this dip pave the way for Ethereum’s next big rally? A Rocky Start in 2025: Optimism Remains Ethereum has faced a tough journey through 2024, with lackluster performance trailing behind Bitcoin’s dominance. The new year hasn’t offered much reprieve, as Ethereum started 2025 with additional declines, leaving many investors frustrated. While Bitcoin continues to command attention, fueling what some are dubbing a “Bitcoin cycle,” altcoins, including Ethereum, have struggled to gain momentum. However, not all hope is lost. Top analyst Ali Martinez recently shared a more optimistic perspective on X, suggesting that Ethereum’s current price action might be setting the stage for significant future gains. Martinez’s analysis points to a potential downswing to $2,900 as a highly bullish opportunity for Ethereum. He emphasized that this level would represent an ideal “buy-the-dip” scenario, potentially setting the stage for Ethereum to target a remarkable $7,000 in the next cycle. According to Martinez, the ongoing bearish price suppression is a natural part of the market cycle. Once this phase ends, Ethereum could be primed for a substantial rally. However, for this bullish narrative to materialize, Ethereum must first reclaim key demand levels to reignite investor confidence and build momentum. Related Reading: Solana Must Reclaim Momentum In The Coming Weeks – SOL/BTC Ratio At A Pivotal Point As Ethereum navigates these turbulent times, analysts and traders are keeping a close watch on critical support levels, waiting to see if this dip truly becomes a launchpad for Ethereum’s next major move. Ethereum Price Holds Key Support Amid Bearish Pressure Ethereum is trading at $3,300 after enduring a sharp sell-off that drove the price down to $3,206, creating a sense of fear and uncertainty in the market. Despite the aggressive downturn, Ethereum’s price action is showing resilience, setting a higher low on the daily time frame. This subtle shift in structure offers hope for a potential recovery, signaling that demand might be quietly building. For Ethereum to regain its bullish momentum, bulls need to reclaim the $3,900 level promptly. This critical zone acts as a gateway to reestablishing a strong upward trend and boosting market confidence. However, the path to recovery may take time as Ethereum stabilizes and recovers from its recent bearish phase. Related Reading: Bitcoin Is Forming A Symmetrical Triangle – Breakout Or Breakdown? While the market sentiment remains cautious, Ethereum’s ability to hold above key support levels suggests that a swift surge could follow if demand rises. Investors and analysts are closely watching these levels, waiting for a breakout that could mark the beginning of a new bullish cycle. For now, patience is key as Ethereum navigates its way through this challenging phase, aiming to position itself for stronger price action in the weeks ahead. Featured image from Dall-E, chart from TradingView CoinOtag