Floki was one of the top performers as the crypto market rose yesterday, with the meme coin up over 12% at one point. As such, traders are watching it closely, hoping for a further increase in the weeks ahead.
Floki is in a solid position, both technically and fundamentally. It’s currently trading at $0.0001233. While it remains down 35% this month, its price has held strong above $0.0001 for almost three weeks, signalling a bottom may be in.
But what are traders saying about this?
Nilesh Rohilla notes that $0.0001 is a key long-term level, which Floki tapped before explosive bounces earlier in 2024.
The analyst suggests that “Floki seems ready for the next bull market” and plots a potential chart path to highs of $0.000349.
Meanwhile, analyst Fantoshi claims he has made 10x profits on Floki before and suggests that the chart indicates another parabolic move is ahead.
According to the analyst, Floki could climb to $0.004, 32x from its current price.
He suggests the target could be hit by mid-2025.
And Floki’s fundamentals are also bullish.
CoinDesk reported on Tuesday that Floki has just signed deals with English Premier League teams to feature the project’s Valhalla Play-to-Earn (P2E) game.
The game will be featured across stadium screens and kit sponsors, bolstering its visibility to a worldwide audience.
Indeed, while Floki is categorically a meme coin, its P2E game and sponsorships reflect the evolution of the joke token sector.
The premier league is one of the world’s largest sporting organizations, and now all its viewers will learn about Floki. And while Floki continues to pioneer in its domain, other meme coins also show massive potential.
For instance, the P2E meme coin Shiba Shootout is also gaining pace as its presale has nearly raised $1 million.
Shiba Shootout Is the latest utility-based Meme Coin With a P2E Game
Shiba Shootout is wasting no time in getting started. Even though its presale is ongoing, it has already launched its Play-to-Earn game, Shiba Sharpshooter.
It’s available on the App Store and Google Play Store, ensuring widespread availability.
Like Floki, Shiba Shootout is inspired by the Shiba Inu meme. But where Floki opts for a Viking theme, Shiba Shootout adopts a “Wild West” theme.
In addition to its Shiba Sharpshooter game, it also has utilities like Catcus Staking, Lucky Lasso Lotteries, Posse Rewards (a reference scheme), and Governance Roundups (voting).
There’s a lot to be excited about here. And right now, investors can get in from the ground up. The presale is ongoing and has raised $996K.
It’s early days, so the upside potential is huge.
Michael Wrubel says it could 100x – and that was before the P2E game launched.
Meanwhile, ClayBro boldly stated that $SHIBASHOOT could “make millionaires.”
Right now, investors can snag a huge discount on Shiba Shootout. The presale is currently priced at $0.0199.
However, the price will rise as the campaign advances, with the next increase in two days.
With that in mind, those seeking the best price must act quickly.
