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The Floki price has increased by 26% in the last 24 hours to trade at $0.0003420 as of 3:41 a.m. EST, trading volume dropped 82% to $5 million.
This comes as FLOKI rose to a new all-time high of $0.0003449 and with the meme coin market increases by 6% to reach a market cap of $65 billion.
FLOKI’s new ATH came amid DWF Labs’ decision to purchase $12 million worth of Floki tokens as a means to support its growing ecosystem.
DWF LABS WILL PURCHASE $12,000,000 IN FLOKI TOKENS TO SUPPORT THE FLOKI ECOSYSTEM
As a testament to his unwavering support for the #Floki Ecosystem, DWF Labs will purchase $12,000,000 $FLOKI Coins. Some of the tokens will be purchased on the market, and the rest will… pic.twitter.com/z2kHiUgAdc
— FLOKI (@RealFlokiInu) June 4, 2024
Floki Price maintains the bullish rally above its ATH
The Floki price has been on the rise since May, registering a 68% increase in the past 30 days. FLOKI traded within a rising channel pattern, data out GeckoTerminal shows.
FLOKI bulls aim to maintain bullish momentum over the upper boundary of the ascending channel pattern.
The bullish potential is supported by Floki price trading well above both the 50-day and 200-day Simple Moving Averages (SMAs).
Additionally, the Relative Strength Index (RSI) on the 4-hour chart is trading above the 70-overbought area, currently at 80, indicating intense buying pressure and continued optimism among investors.
The Moving Average Convergence Divergence (MACD) line (blue) crosses the signal line (orange) forming a bullish crossover, encouraging the bulls to buy more. The green bars on the histogram also extend across the neutral line, indicating that FLOKI currently has positive momentum.
Floki price prediction
The Floki price analysis shows that the token is showing a strong bullish trend, with FLOKI having already crossed the upper limit of the ascending channel pattern.
The MACD and RSI indicate that the buyers are buying more, which could push the price higher, with the bulls currently targeting a new ATH of $0.00045.
However, as the asset is heavily overbought, this could prompt the bulls to start booking profits, which could push FLOKI to return to $0.000268, which coincides with the 50-day SMA.
As the Floki price rises, other meme coin enthusiasts are buying a new DOGE-derived ICO called PlayDoge. It aims to follow the paw prints of other dog-themed tokens, such as Dogecoin itself and Shiba Inu (SHIB).
PlayDoge Presale Raises More Than $2.2 Million in a Week – Best Meme Coin to Buy Right Now?
PlayDoge (PLAY) is a mobile-based play-to-earn (P2E) game that transforms the DOGE meme into a Tamagotchi-style virtual pet, allowing users to earn $PLAY tokens.
Don’t ghost #Doge otherwise he will die 👻
Feed your Doge, earn rewards and level up. No mazes, just fun!#Presale has been launched! 🙌#PlayDoge #P2E #Memecoin pic.twitter.com/Fp2sFwycpj
— PlayDoge (@PlayDogeGame) May 31, 2024
Pre-sales for the project have gotten off to an explosive start, raising over $2.2 million in funding in just over a week since launch.
The project is based on PlayDoge, a virtual dog that acts as a P2E companion. Through the P2E mechanism, the project allows players to earn rewards by caring for their pet. You also take him on adventure trips and earn $PLAY tokens along the way.
PlayDoge runs on the BNB Smart Chain, created by the world’s largest crypto exchange, Binance. With the blockchain, users can easily access transaction efficiency and seamless integration of gaming activities.
The platform also offers $PLAY token holders the opportunity to earn passive income through the staking option, where users annual return (APY) of 142%.
Jacob Bury, a leading crypto analyst and YouTuber, says PlayDoge could grow tenfold after launch.
You can buy $PLAY tokens for $0.00503 each. A price increase is coming in about two days. So buy quickly to get the best deal.
To participate in the presale, buy $PLAY here on the official website with BNB, USDT or a bank card.
Related news
PlayDoge (PLAY) – Latest Launch on BNB Chain
- 2D Virtual Doge Pet
- Play to earn Meme Coin Fusion
- Staking and in-game token rewards
- SolidProof checked – playdoge.io
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