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The Floki price reached a new all-time high during the Asian trading hours today on Wednesday.
The meme coin traded as high as $0.000344 after rallying by 30% in the past 24 hours, notching a $3.3 billion peak valuation. It is witnessing a marginal pullback since, trading at $0.00033 at press time.
However, experts are in consensus that the Floki coin still has enormous price potential.
Floki Inu’s success has also shined a spotlight on the play-to-earn sector due to its popular NFT Metaverse game, Valhalla. Now, PlayDoge – another dog-themed token with play-to-earn utility – is garnering strong support during its presale.
A few experts are even calling $PLAY the next 100x meme coin.
Floki Price Hits New ATH, Draws Comparisons With Pepe Coin
The Floki price has appreciated by over 70% during the past month to reach a new all-time high today. However, the meme coin remains poised to maintain its bullish trajectory in the coming weeks.
Experts have long been drawing similarities between the Floki and Pepe price charts.
Analyst Kaleo (@CryptoKaleo) reveals that Floki’s price action looks a lot like Pepe coin, especially in the lower time frames.
He further emphasizes that once PEPE entered price discovery after reaching a new all-time high, it sustained its bullish momentum. This serves as a clear indicator for Floki to maintain its upward trajectory as well and not capitulate to profit-taking.
With Floki teasing a major announcement on June 10th and DWF Labs purchasing $12 million worth of $FLOKI tokens, the meme coin’s short-term price prospects could not be more bullish.
Floki Long-Term Price Prediction – How High Can The Meme Coin Go?
Despite the Floki price reaching a new all-time high, it remains an excellent investment for the long term.
The aforementioned trader Kaleo highlights that the Floki crypto has created a bullish cup and handle pattern in the higher time frames and could skyrocket to a $10 billion valuation in the coming weeks.
Experts are also highlighting Floki’s strong correlation with BNB, which has been one of the most bullish large-cap altcoins during this cycle. BNB also hit a new all-time high today during the Asian trading hours.
Just as Pepe acts as leveraged ETH, experts project Floki to act like leveraged BNB. As such, it is the leading meme coin on the BNB Smart Chain. Recently, the token surpassed over 417,000 holders on the BNB chain.
Finally, Floki Inu’s strong fundamentals is one of the key factors behind investors’ long-term optimism.
For instance, the Floki staking program has a TVL of over $750 million, while the FlokiFi Locker has another $125 million staked in it.
Similarly, the meme coin recently announced the beta launch of its new Trading Bot, which has a ‘buy-and-burn mechanism’ that is expected to create a deflationary token supply and boost the Floki price.
Experts are also highlighting that some of the project’s best initiatives – including the Valhalla play-to-earn game and the trading bot – are still not live on the mainnet.
Consequently, Floki has several bullish narratives ahead of it to sustain a bull rally to over $10 billion market cap.
Could PlayDoge Be The Next Floki?
With Floki hitting a new all-time high, investors are now searching for the next big meme coin that could replicate its success. Owing to several striking similarities, experts are already eyeing PlayDoge ($PLAY) as the next Floki.
For starters, $PLAY is native to the BNB Smart Chain and could show a strong correlation to the BNB token. The new meme coin is also live on Ethereum, facilitating broader adoption during its ongoing presale.
Furthermore, PlayDoge is also a play-to-earn meme coin. Much like Floki’s Valhalla, the classic Tamagotchi-styled PlayDoge game is already seeing excitement from gamers, even before its launch.
The game allows players to own their own Doge as a digital pet. Consider it a modern twist on Tamagotchi – players can feed, play and train their pet through a smartphone application, with an added incentive of earning free crypto.
Indeed, players can complete a series of classic 2D games and earn $PLAY tokens and experience points as a reward. Leaders with the most XP will also receive an additional bonus.
This combination of Doge’s popularity and Tamagotchi’s nostalgia has resulted in much hype about PlayDoge’s upcoming launch.
Finally, PlayDoge has its own staking protocol, similar to Floki. According to the token’s staking dashboard, it is currently offering an APY of over 120%.
Owing to its unique value proposition, it’s no surprise that the PlayDoge presale has already raised over $2.2 million in just over a week.
Interested buyers can still purchase the token by visiting the playdoge.io website.
*Cryptonomist did not write the article or test the platform.
