The top-ten meme coin and soon-to-be trading bot inspired by Elon Musk’s pet Shiba Inu of the same name, Floki ($FLOKI), is enjoying the strongest price rally of any leading doge-themed coin today.
In the last 24 hours, $FLOKI added 12% to its price to trade at $0.0001622. These gains represent the bulk of its explosive performance this week, as Floki added 12.1% in the last seven days.
Still, it’s a better performing cryptocurrency than Bitcoin ($BTC) right now. The number one digital asset, which often sets the pace for the rest of the market trends, rose a more muted 5.5% overnight and 9.7% over the week to and currently change hands at $62,864.
$FLOKI’s price performance is also currently outperforming its sector leader, Dogecoin ($DOGE).
Dogecoin closely tracked Bitcoin, growing 5.1% overnight and 7.8% over the week to its current price of $0.1176.
But holders of all major Shiba Inu meme coins are profiting right now. Dogecoin’s number one rival, the Ethereum-based Shiba Inu coin ($SHIB), added 8.6% to trade at $0.00001799, while holders of Solana’s DogWifHat coin saw their bags swell 7.9% overnight to $1.82. Bonk ($BONK), another Solana Shiba Inu coin, grew 5.4% overnight to $0.00002452.
FLOKI Price Analysis – New Rallies Ahead?
$FLOKI’s price chart shows token trading in a narrow margin between its current resistance level of $0.00018 and its support, which appears to be between $0.00012 and $0.00014, as shown by the colored lines.
Since early June, the token has shed 53% as it spiraled down from an all-time high of $0.0003449, posted on June 5.
With a relative strength index (RSI) of 76 and rising, $FLOKI is above the “overbought” threshold of RSI 70, which means its price is a little overvalued right now and some prompt profit-taking is likely to bring the rally to an end soon. This could also indicate an inbound price correction too.
Will GameFi Token Playdoge Be Crypto’s Next Biggest Meme Coin?
Another cute doge is likely to attract more explosive price gains than $FLOKI once it hits the open market later this year: on-chain tamagotchi remake Playdoge.
See, while Floki is branching out as a Telegram-based trading bot, which is currently being beta tested, its likely to face stiff competition from a new competitor called WienerAI. This limits $FLOKI’s upward price potential compared to several technologically innovative new contenders.
But what PlayDoge is offering is something with no clear competitors yet, and the multichain Play-to-Earn (P2E) meme coin powering it, PlayDoge ($PLAY), is still only in presale. It has already raised $5.7 million just one month in.
The feverish buying comes off the back of recommendations by several YouTube crypto analysts, including Clinix Crypto, 99Bitcoins, ClayBro, and Matthew Perry.
Fans of the 90s handheld digital pets will delight to see how PlayDoge gives them strong crypto incentives to rekindle their childhood and become attentive virtual pet owners again, while embarking on exciting in-game adventures and mini-games.
And those that have bad memories of Tamagotchi the first time around need not fear: the difficulty curve on PlayDoge is a lot more forgiving, making him a much more resilient pet than the high-maintenance Tamagotchis you probably remember.
$PLAY’s home chain is the Binance Smart Chain, now called BNB Chain. This could significantly facilitate a potential future Binance listing.
Moreover, SolidProof audited Playdoge’s smart contract, giving prospective investors peace of mind about the project’s security.
Joining the presale is easy: connect your wallet and start purchasing $PLAY using BNB, ETH, or USDT. PlayDoge also offers the option to use credit cards.
To keep up with the latest information about the project, you can connect with the community via X and Telegram.
Visit the PlayDoge website to buy in at presale prices now.
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