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Slerf surges 40% to $0.1989, sparking excitement, while Flockerz offers growth potential with its unique Vote-to-Earn model.
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Slerf has resurrected this week with a 40% pump – has the opportunity to secure major gains passed?
It’s currently priced at $0.1989. Let’s find out how far it can (or can’t) go.
Slerf breaks multi-month resistance as analysts point more gains
The majority of Slerf holders are out of the money because its price has been in a relentless downtrend for the last six months.
However, it has recently bucked the trend, sparking excitement among traders.
One prediction comes from meme coin trader Fantoshi, who noted that Slerf has “broken out of the multi-month resistance.”
The trader targets a staggering 30x gains.
That seems ambitious, but the project currently has a $99 million market cap. So, even if it reached the target, it would have a lesser valuation than Pepe.
Meanwhile, Mr Qwerty takes a lower-time-frame outlook, targeting $0.65 after Slerf created an inverse head and shoulders chart pattern.
Communtiy member slerf.fan spotlighted the reason that Slerf is pumping: it’s a community-led project.
Slerf initially launched as a presale, but the developer accidentally burned the presale supply after raising $10 million, causing many investors to suffer severe losses.
However, the coming together of different organizations helped to reimburse most of the lost investments, and then the community took over the project.
This is known as a community takeover (CTO).
