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Ethereum and XRP are in the green today, with both cryptos climbing higher as the market shows signs of life.
ETH has rebounded to $3,500, while XRP is nearing $1.50.
Meanwhile, new meme coin Flockerz is catching the eye of analysts – with one suggesting it might be set for explosive gains after its presale ends.
Ethereum’s Momentum Builds as Weekly Gains Hit 13%
ETH has climbed 5% in the past day as trading volumes heat up.
With weekly gains now over 13%, investor confidence is growing, even with some lingering worries about network activity.
Spot trading volumes have hit $31.8 billion in the last 24 hours, and futures open interest is up 8%, nearing $15 billion.
This shows traders are betting on even more upside for ETH.
While some analysts have flagged slowing activity on Ethereum’s main network, the ecosystem isn’t standing still.
Base, Ethereum’s top Layer-2 solution, is flourishing with growing transaction volumes and DeFi activity.
This Layer-2 momentum, coupled with increasing institutional interest in ETH, seems to be outweighing any concerns about the mainnet’s performance.
And that seems to be contributing to the token’s price rise.
So, with ETH now just 28% below 2021’s all-time high, optimism is building around the second-largest crypto in the world.
Legal Wins & Strong Technicals Fuel XRP’s 30% Weekly Surge
XRP is also having a solid start to the week.
The token has rallied 10% in the past 24 hours, pushing its weekly gains above 30%.
This has made it the fourth most traded crypto in the world – passing DOGE and SOL in daily trading volume.
Most of the excitement around XRP is tied to Ripple’s legal momentum.
Ripple’s CLO, Stuart Alderoty, made headlines over the weekend by celebrating what he viewed as a significant win against SEC Chair Gary Gensler.
His remarks highlighted Ripple’s approach to navigating regulatory challenges.
And investors are taking notice.
Aside from these external factors, XRP’s price chart is also looking strong.
The 4-hour chart shows a clear uptrend, with higher highs and higher lows – a signal that more gains are on the horizon.
However, XRP is still 62% below its record value.
That suggests there may be plenty more room to run for the token, which is great news for holders.
Vote-to-Earn Coin Flockerz Raises $3.2M as Analyst Predicts Price Explosion in 2025
Alongside ETH and XRP, a new meme coin is building momentum.
Flockerz is gaining traction online – especially after one top analyst highlighted its potential.
What makes Flockerz stand out is its Vote-to-Earn system.
This system lets token holders influence the project’s direction through the Flocktopia DAO while earning rewards for participating in voting.
This Flock is Strong!!
3M raised and counting! Everyone in this flock is why $FLOCK will be the biggest and best community in crypto!
This presale is chugging along at record speeds! Grab your share here: https://t.co/HKN509Un5J pic.twitter.com/N4ObF230ig
— Flockerz (@FlockerzToken) November 23, 2024
The concept has generated huge interest, with Flockerz’s presale raising over $3.2 million so far.
Right now, investors can grab FLOCK tokens for just $0.0061259 each through this presale.
And crypto expert ClayBro believes this is a great price to get involved.
In a recent video, he highlighted how Flockerz bridges the gap between meme coins and utility tokens – an approach rarely seen in the crypto market.
ClayBro speculated this could be why FLOCK “explodes” in 2025.
Such a ringing endorsement has gone down well with the Flockerz community, which is multiplying on Twitter and Telegram.
FLOCK has even been ranked on CoinSniper’s list of new crypto launches to watch.
All in all, the signs look promising for this new meme coin.
With ETH and XRP seeing an uptick in interest, there’s every chance Flockerz could become one of the standout projects in the next bull run.
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