Floki Inu (FLOKI) continues its meteoric rise, reaching a record-breaking all-time high. The success of Floki Inu has also brought attention to the play-to-earn sector, with PlayDoge gaining traction during its presale and being touted as the next big meme coin. But with Floki's price potentially reaching $10 billion, could PlayDoge ($PLAY) be the next big meme coin to explode?
Floki Inu's Rise and Comparisons with Pepe Coin
In the past month, Floki's price has increased by over 70%, reaching a new all-time high. Experts see similarities between the price patterns of Floki and Pepe coin. Crypto analyst Kaleo notes that Floki's current price movement resembles that of Pepe coin, especially in the short term. Once Pepe hit its all-time high and entered price discovery, it maintained its upward momentum. This suggests that Floki could follow a similar path.
Upcoming events are expected to further boost Floki’s price. Floki teased a significant announcement on June 10th, and DWF Labs recently purchased $12 million worth of $FLOKI tokens, indicating strong short-term bullish prospects.
What is the Potential of Floki Inu?
Floki is seen as a promising long-term investment despite reaching a new peak. Kaleo highlights that Floki has formed a bullish cup and handle pattern, suggesting a potential rise to a $10 billion valuation. Floki’s strong correlation with BNB, which has also reached new highs, reinforces this outlook. Experts liken Floki’s potential to that of leveraged BNB, positioning it as the top meme coin on the BNB Smart Chain with over 417,000 holders.
Floki Inu’s fundamentals support its long-term prospects. The staking program boasts a total value locked (TVL) of over $750 million, while the FlokiFi Locker has $125 million staked. Additionally, the beta launch of Floki’s new Trading Bot, featuring a 'buy-and-burn mechanism,' aims to create a deflationary token supply, further driving up the price.
PlayDoge: The Next Big Meme Coin?
With Floki Inu’s success, investors are looking for the next breakout meme coin. PlayDoge ($PLAY), with its play-to-earn features and strong ties to the BNB Smart Chain, is emerging as a strong contender. Similar to Floki, PlayDoge is live on both BNB and Ethereum, facilitating broader adoption.
PlayDoge's Tamagotchi-inspired game, which allows players to raise and earn crypto with digital pets, is already generating excitement. The game offers various 2D challenges where players can earn $PLAY tokens and experience points, with top performers receiving additional rewards. This blend of Doge's popularity and Tamagotchi's nostalgia has created significant hype around PlayDoge’s launch.
Moreover, PlayDoge's staking protocol offers an impressive annual percentage yield (APY) of over 120%, and its presale has already raised over $2.2 million in just over a week, highlighting strong investor interest.
Floki Inu’s recent price surge and promising future suggest it could reach new heights, driven by strong fundamentals and investor optimism. Meanwhile, PlayDoge could be the next big meme coin to watch with its innovative play-to-earn model and strong presale performance.
