Floki Price Prediction as FLOKI Hits New ATH with 26% Pump and This P2E Dogecoin Derivative Surpasses $2 Million

adminJune 5, 2024

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Floki price has surged 26% in the last 24 hours. Traded for $0.0003420 As of 3:41 a.m. EST, trading volume was down 82% to $5 million.

This sent FLOKI soaring to a new all-time high of $0.0003449. same corner The market surged 6%, reaching a market capitalization of $65 billion.

FLOKI’s new ATH comes as DWF Labs has decided to purchase $12 million worth of Floki tokens as a means to support its growing ecosystem.

DWF LABS purchases $12,000,000 in FLOKI tokens to support the FLOKI ecosystem.
As evidence of unwavering support for #Floki Ecosystem, DWF Labs purchases $12,000,000. $FLOKI token. Some of the tokens are acquired from the market and the rest… pic.twitter.com/z2kHiUgAdc
— FLOKI (@RealFlokiInu) June 4, 2024

Floki Price Maintains Bullish Rally Above ATH

Floki price chart analysis Source: GeckoTerminal.com — FLOKIUSD chart analysis Source: GeckoTerminal.com

Floki prices have been on a downward trend since May, with an increase of 68% over the past 30 days. FLOKI is trading within a rising channel pattern. gecko terminal It shows.

FLOKI bulls aim to maintain the bullish momentum at the upper boundary of the rising channel pattern.

The bullish potential is supported by Floki price trading well above the 50-day and 200-day simple moving averages (SMA).

Moreover, on the 4-hour chart, the Relative Strength Index (RSI) is trading above the 70 overbought zone (currently 80), indicating intense buying pressure and continued investor optimism.

The Moving Average Convergence Divergence (MACD) line (blue) crosses the signal line (orange), forming a bullish crossover, which encourages further buying by bulls. The green bar in the histogram also extends above the neutral line, indicating that FLOKI is currently showing positive momentum.

Floki price prediction

Floki price analysis shows that FLOKI has already crossed the upper limit of the rising channel pattern, showing that the token is in a strong bullish trend.

MACD and RSI indicate that buyers are buying more, which could push the price higher, and the bulls are currently targeting a new ATH of $0.00045.

However, if the asset becomes significantly overbought, bulls may start booking profits, which could push FLOKI back to $0.000268, which is in line with its 50-day SMA.

As Floki prices soar, other meme coin enthusiasts are buying a new DOGE derivative ICO called PlayDoge. Dogecoin itself aims to follow in the footsteps of other dog-themed tokens such as Shiba Inu (SHIB).

PlayDoge Presale Raises Over $2.2 Million in One Week – What Are the Best Meme Coins You Can Buy Now?

PLAY A mobile-based Play-to-Earn (P2E) game that transforms DOGE memes into Tamagotchi-style virtual pets, allowing users to earn $PLAY tokens.

Don’t think like a ghost #viceroy Or you will die 👻
Feed your Doge, get rewards and level up. No mazes, just fun!#Ticketing It’s released! 🙌#playdoji #P2E #memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024

Pre-sales for the project are off to an explosive start, with over $2.2 million raised in just over a week since launch.

The project is based on PlayDoge, a virtual dog that acts as a peer-to-peer companion. Through a P2E mechanism, this project allows players to earn rewards by caring for their pets. You can also go on adventurous journeys and earn $PLAY tokens along the way.

PlayDoge operates on the BNB Smart Chain created by Binance, the world’s largest cryptocurrency exchange. Blockchain provides users with easy access to transaction efficiency and seamless integration of gaming activities.

The platform also allows $PLAY token holders to earn passive income through staking options. Annual Percentage Yield (APY) is 142%.

Jacob Bury, a prominent cryptocurrency analyst and YouTuber, says PlayDoge could rise 10x after launch.