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Floki is up 28% today, reflecting its tremendous success while cryptocurrency prices are rising across the board.
Meanwhile, the newly released PlayDoge meme coin is being called the next Floki, with pre-sale totals raised exceeding $2.1 million.
Floki price explodes as BNB story heats up
Floki’s recent rise has been fueled by its relationship with BNB, where it is currently up 12% and heading towards ATH.
FLOKI is currently trading at $0.0003372, up 28% today, 14% this week, and 75% this month.
The current market capitalization is $3.2 billion and the 24-hour trading volume is $1.2 billion.
It currently ranks among the top 100 cryptocurrencies with the best price-performance ratio, 10% ahead of second-place Uniswap, which is up 18%.
Floki’s recent gains have him heading toward 2021’s ATH, with Floki just 1.94% away, according to CoinMarketCap data.
This is attracting the attention of top industry analysts, drawn by the allure of quick profits by engaging in price discovery.
Kaleo noted that Floki was breaking through and compared it to Pepe, saying that Pepe “didn’t stop sending” once he broke away from a similar pricing structure.
The analyst also compared Floki to Pepe in another tweet, drawing similarities between the project’s price action and narrative.
He noted that Pepe offers “beta play” on the ETH price, while Floki offers beta exposure to BNB.
The reason Floki is pumping is because it is a BSC-based cryptocurrency, and the chain’s native coin, BNB, has recently begun to pick up speed and approach ATH.
However, BNB’s recent success is felt in other areas of the ecosystem as well.
For example, CAKE, a major DEX token, is up 14% today. Meanwhile, the total market capitalization of the ecosystem increased by 4.9%.
Another cryptocurrency benefit is PlayDoge, a new pre-sale.
Like Floki, PlayDoge is a Play-to-Earn (P2E) meme coin. However, it has a much faster life cycle than Floki.
PlayDoge therefore offers a solid alternative for those who want a cryptocurrency with a lower market cap and higher upside potential.
PlayDoge Presale Raises $2.1 Million – Will the Next P2E Meme Coin Explode?
Until recently, Solana, Ethereum, and Base have taken center stage in the meme coin domain.
But with BSC back in the spotlight, it presented the perfect juncture for PlayDoge to explode.
The token is currently in a pre-sale phase, so investors can purchase it at a fixed price before it is released on exchanges.
Inspired by the popular Tamagotchi game of the 1990s, PlayDoge users will care for, feed, rest and entertain their canine pets.
By interacting with pets and completing mini-games, players will be rewarded with a climb up the platform leaderboard and earn more PLAY tokens.
PLAY tokens have several utilities. This qualifies you for rewards and can also be used for in-game purchases and staking.
Currently staking offers a 143% APY, but this figure will decrease as the staking pool grows.
As of press time, the PlayDoge pre-sale price is $0.00503. However, this will increase after two days or when the total increase reaches $2.5 million. Therefore, those seeking the best value must act quickly.
To learn more about this project, Visit PlayDoge Presale
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