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Floki is up 28% today, reflecting outsized success while crypto prices rise across the board.
Meanwhile, the newly launched PlayDoge meme coin is being termed the next Floki as its presale total raise surpasses $2.1 million.
Floki price explodes as BNB narrative heats up
Floki’s recent gains have been fueled by its relation to BNB, which is steaming toward its ATH on a 12% pump today.
FLOKI is currently trading at $0.0003372, up 28% today, 14% this week, and 75% this month.
It currently holds a $3.2 billion market cap and a $1.2 billion 24-hour trading volume.
Today’s price performance makes it the best-performing top 100 cryptocurrency, and it boasts a 10% lead on the runner-up Uniswap, which is up 18%.
Floki’s recent gains have propelled it toward its 2021 ATH, which, according to CoinMarketCap data, is just 1.94% away.
This is grabbing the attention of top industry analysts, drawn to the allure of rapid gains once it enters price discovery.
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Kaleo noted that Floki is breaking out and compared it to Pepe, saying that Pepe “didn’t stop sending” once it broke out from a similar price structure.
$FLOKI breaking outWhen PEPE did the same from here, it didn’t stop sending pic.twitter.com/ZIvfzpBebH
— K A L E O (@CryptoKaleo) June 5, 2024
The analyst also compared Floki to Pepe in another tweet, drawing similarities between the projects’ price action and narratives.
He noted that Pepe offers a “beta play” on the ETH price, while Floki offers beta exposure to BNB.
LTF $FLOKI does look a lot like $PEPE did before its last move higher.It has a similar narrative as well – PEPE being a high ETH beta meme play, FLOKI being a high BNB beta meme play pic.twitter.com/PPIYHYZaWn
— K A L E O (@CryptoKaleo) June 4, 2024
The reason for Floki’s pump is that it is a BSC-native cryptocurrency, and the chain’s native coin, BNB, has recently begun gathering pace and approaching its ATH.
However, BNB’s recent success is also felt in other areas of its ecosystem.
For instance, its leading DEX token, CAKE, is up 14% today. Meanwhile, the ecosystem’s total combined market cap is up 4.9%.
Another crypto benefitting is the new presale, PlayDoge.
Similar to Floki, PlayDoge is a Play-to-Earn (P2E) meme coin. However, it is far earlier in its life cycle than Floki.
As such, PlayDoge provides a solid alternative for those seeking a lower market cap and higher upside potential cryptocurrency.
PlayDoge presale raises $2.1m – Next P2E meme coin to explode?
Until recently, Solana, Ethereum, and Base have commanded center stage in the meme coin domain.
However, BSC is back in the limelight, presenting a perfect juncture for PlayDoge to explode.
The token is currently in its presale stage, enabling investors to buy in at a fixed price before it launches on exchanges.
You might also like: Floki rises as PlayDoge emerges as new P2E memecoin with potential
Inspired by the hit 1990s Tamagotchi games, PlayDoge users will care for their doge pets, ensuring they are fed, rested, and entertained.
By interacting with their pets and completing mini-games, players will earn rewards that push them up the platform’s leaderboard, thus earning them more PLAY tokens.
The PLAY token has several utilities. It grants eligibility for rewards and can also be used for in-game purchases and staking.
Currently, staking offers a 143% APY, but this will decrease as the staking pool grows.
At press time, the PlayDoge presale price is $0.00503. However, this will rise in two days or when the total raise hits $2.5 million. Therefore, those seeking the best value should act quickly.
To learn more about this project, visit the PlayDoge Presale
Read more: PlayDoge presale hits $1.4 million in just one week
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