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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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The brand new American Dad themed meme coin Klaus ($KLAUS) has had a rollercoaster launch week.
Just yesterday it rose 700% and hit a market cap of $50 million dollars in the space of two days.
However, its sudden ascent has been accompanied with a just-as-sudden correction.
In the last 24 hours, Klaus dropped 18%, while its market cap contracted to $36 million to pull it down to $0.03552 at the time of writing.
Klaus launched last Thursday, presenting itself as little more than a meme coin made “for entertainment purposes”, but it appears to have given the community new inspiration.
Despite the fact that meme coins comprise a staggering $62.4 billion of crypto’s $2.45 trillion market cap, many fans of the sector agree that it lacks diversity.
For the best part of the space’s existence, dog-themed meme coins like $SHIB and $FLOKI reigned supreme, in homage to the original meme coin $DOGE.
There are also several successful coins inspired by characters from Matt Furie’s webcoming Boy’s Club: $PEPE and $BRETT have respective market caps of $4.3 billion and $1.1 billion.
However, Klaus is the space’s first successful homage to Seth McFarlane, the cartoonist responsible for American Dad and Family Guy.
Over on X, Kelsier Ventures partner and crypto trader @TraderKoz welcomed the new face. YouTube influencer Austin Hilton also flagged the token as one to watch.
However, the severity of Klaus’s correction in the last 24 hours leaves some questions about its ability to sustain momentum.
Klaus hit $0.05 five times in the space of 48 hours over the last week and failed to hold it, before posting consistent bottoms of $0.03.
Klaus’s falling RSI score of 36 means it will likely be oversold soon and could easily rebound over the weekend to join the rest of the rising meme coin sector.
Traders Sell Klaus, Buy Vote-To-Earn Flockerz
Klaus launched well, but whether or not it can sustain its gains and become a leading meme coin by 2025 remains an open question.
Its lack of utility makes it a low-value proposition, which ultimately reduces its sole function to “buy the dip, sell the top.”
But in the world of meme coin ICOs, many innovative projects are launching, which give investors multiple avenues to earn rewards, all while keeping the fun, volatility and viral marketing of meme coins.
While traders exit Klaus, there has been an uptick in investments in the new vote-to-earn (V2E) meme coin Flockerz ($FLOCK).
Its presale launched last month and has rapidly raised over $821,000.
Touting itself as “The People’s Meme Coin,” Flockerz offers crypto fans unrivalled community-building incentives and staking rewards.
Holders of Flockerz (known as “The $FLOCK”) are integral members of a decentralized autonomous organization (DAO) called Flocktopia, where they can draft and vote on governance and improvement proposals.
This structure ensures community consensus dictates the decisions rather than a centralized authority.
Some 25% of the project’s 12 billion $FLOCK token supply is for staking, with the protocol offering stakes eye-watering yield of 2,164% on the tokens they lock up over a two-year staking period.
Flockerz is a transparent and fully audited project.
That’s why Coinsult audited its smart contract, to give investors peace of mind.
Furthermore, Flockerz is eyeing up listings on both centralized and decentralized exchanges (CEXs and DEXs), so it has global ambitions, like Bitcoin Cash. The vote-to-earn mechanism will launch after listings.
Hold on, because this $FLOCK is taking off!
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
