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Floki Price Outlook: Could $0.002 Be Incoming This July and What About PlayDoge?


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20240703


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принимавшие участие в анализе данного текста, а таким    - идентифицированные,
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Floki Price Outlook: Could $0.002 Be Incoming This July and What About PlayDoge? Floki Price Outlook: Could $0.002 Be Incoming This July and What About PlayDoge? Author: Felix Mollen Last Updated Jul 3, 2024 @ 11:41 Floki (FLOKI), one of the world’s largest meme coins, has been on a wild ride recently. As we enter July, speculation is ramping up about whether FLOKI could break the $0.002 barrier this month – or whether the token will continue to trade sideways. FLOKI Takes a Breather, But Still a Top-Traded Meme Coin Let’s take a closer look at where FLOKI stands right now. The token is currently camped out at $0.000173 , taking a breather after its volatile price action in May and June. Since mid-June, FLOKI’s been trading sideways while other meme coins have rallied. Sure, the token is down 50% from its June 5 all-time high. But zoom out a bit, and you’ll see it’s still up 97% since the beginning of 2024. Not bad for a meme coin that attracts far fewer headlines than the likes of PEPE and WIF. On the technical front, FLOKI’s been struggling with key moving averages. It’s tapped the 200-day exponential moving average (EMA) for support but can’t seem to break through the 50-day EMA resistance. That’s classic range-bound behavior. But here’s where it gets interesting: spot volumes have surged 32% to $297 million, making FLOKI the 5th most traded meme coin. And with open interest creeping up to $20 million , it seems traders are positioning themselves for a potential breakout. Can FLOKI Hit $0.002 This Month? So, can FLOKI hit the $0.002 mark this month? Well, let’s break it down. That would require a 16% jump in FLOKI’s price. For most altcoins, that would be a sharp rally – but FLOKI has made that leap countless times in its lifespan. In fact, the token even pulled off a rise like that in a single day back in May. Recently, FLOKI’s team has been stirring the pot. They teased a “leak” of their upcoming Play-to-Earn (P2E) game, which will launch later this year. Not to mention, they just hosted an AMA where a key advisor reaffirmed their commitment to long-term development. It seems the FLOKI team is intent on keeping the momentum going. However, the meme coin market has been highly unpredictable in recent weeks. Yet FLOKI has remained one of the most traded meme coins despite its wild price action. If the token can remain above the 200-day EMA, using it as dynamic support, then $0.002 isn’t just possible – it might be inevitable. Which Other Meme Coins Could Rally in July? While FLOKI’s potential surge captures attention, it’s not the only meme coin looking bullish. Let’s examine PlayDoge (PLAY) , a newcomer that’s gaining traction in its presale phase. Nostalgia Meets Crypto With PlayDoge – The New P2E Meme Coin PlayDoge has had an incredible start to its life cycle. But it’s not just another no-utility meme coin. Picture this: remember those Tamagotchi pets from the ‘90s? Now imagine one that’s a Doge, and instead of just keeping it alive, you’re also earning crypto. That’s PlayDoge in a nutshell. You feed it, play mini-games with it, and in return, you earn PLAY – PlayDoge’s native BEP-20 token. It’s a mix between childhood nostalgia and crypto rewards. Yet there’s much more to PlayDoge than just the P2E game. The PlayDoge ecosystem also has a staking protocol , with annual yields estimated at 111%. Over 169 million PLAY tokens have already been locked in this staking protocol before the project’s official launch. And with 12% of the total token supply set aside for staking rewards, the developers are clearly focused on passive income. As it stands, PlayDoge’s presale has raised over $5.3 million in early funding. PLAY tokens are priced at $0.00515 each in the presale, but this price will increase every few days, encouraging investors to get in early. Members of PlayDoge’s Telegram channel are buzzing about this discounted entry price. If the project can continue on its current trajectory, then there’s a solid chance it could also experience a bullish July, similar to FLOKI. Visit PlayDoge Presale Disclaimer : The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content. 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