The crypto market is rebounding again today, with Bitcoin steadily above the $61,000 threshold and many meme coins experiencing a green trend. Among them, dog-themed coins are thriving, with Floki leading the charts with a nearly 15.74% soar. DOGE is currently up 2.75%, while BONK jumped by 6.30%.
A new dog-themed coin by the name of PlayDoge has also been making waves. It’s presale ends in 3 days after raising over $6.1m, sparking hopes the token could be set for big gains when it lists on exchanges.
Floki’s Price Jump Comes With Recent Positive Developments
Two days ago, FLOKI signed deals with the English Premier League teams, which will help boost its visibility and attract more investors. The agreement includes Floki’s appearance in ads during football matches and on the jerseys of several teams in the league.
🗞️ @RealFlokiInu signs deals with @premierleague teams to feature $FLOKI
🗞️ Upcoming metaverse game Valhalla State Street selects Taurus to provide digital assets services
🗞️ @mangomarkets prepares to settle with @secgov@JennSanasie has today’s top crypto headlines on… pic.twitter.com/XIPncHaGXL— CoinDesk (@CoinDesk) August 20, 2024
Trading at $0.0001394 per token, Floki is attracting more players to its metaverse game Valhalla, which the English Premier League teams will advertise in on-screen ads during all league games.
The Bitcoin-led market-wide rebound helped Floki grow by more than 15.7% over the last seven days. Its recent rise in price saw its market cap cross the $1.3 billion threshold, while its daily trading volume went up by nearly 60% to over $300 million.
Although Floki is practically a meme coin, its partnership investment and successful P2E metaverse game set it apart from most. Thanks to its utility and memetic appeal, it’s become the largest meme coin on the BNB chain.
We’re hearing whispers of $BNB season again 👀️️️️️️
Here’s a reminder that $FLOKI is the biggest #memecoin on the BNB chain by far!#Floki is bigger than every other memecoin on the BNB chain COMBINED and is partnered with BNB chain.
We’re excited about the #BNB… pic.twitter.com/RAeZPC4Ngn
— FLOKI (@RealFlokiInu) August 21, 2024
While its rise today is impressive, experts believe its recent moves are to propel the meme coin even further, making it an excellent investment.
Are Dog-Themed Coins Poised for a Breakout?
The success of FLOKI isn’t isolated, as other dog-themed meme coins experience a green trend. Most notably, Sundog (SUNDOG) skyrocketed by 235% over the last week. However, it experienced a brief decline, dropping by 8% today.
Meanwhile, the meme coin market leader, Doge, steadily rose by 2.75%, while the second-biggest meme coin, Shiba Inu, pumped 3.13%.
Dogwifhat (WIF) experienced a second jump this week, rising by over 8% today to $1.63 after dropping to $1.4783 yesterday. With that being said, FLOKI’s utility leaves it the clear winner among dog-themed meme coins.
Its recent developments and steady rise resulted in a bullish outlook from experts. On their Twitter account, Market Spotter, a team of crypto experts and analysts, believes Floki is ready to pump even higher in the upcoming days.
The price of $FLOKI has formed a support area and is now pumping from there. Get ready for more bullish price action on #floki in the next few days. pic.twitter.com/Syp2QpfSEh
— Market Spotter (@MarketSpotter) August 22, 2024
However, Floki isn’t the only meme coin with a P2E game and strong marketing that experts are monitoring. PlayDoge is about to conclude its ICO phase and launch listings, with many crypto analysts expecting it to explode on its DEX launch.
Will PlayDoge See Big Gains Following Presale? Just 3 Days Left to Buy Viral Meme Coin
PlayDoge (PLAY) is an upcoming doge-themed meme token ready to launch with play-to-earn (P2E) elements. Its Tamagotchi-inspired game is making waves in the P2E crypto space as it merges the nostalgic ‘90s game with the memes of today.
Players will engage in numerous activities to help their virtual doge pet in their adventures. They will also care for them by feeding, bathing, and playing with their doge, all while earning PLAY.
PlayDoge is nearing the end of its presale phase, with just under four days left before it wraps up. It recently broke the $6 million mark in funding, selling for $0.00531 per token.
Security-wise, it passed a smart contract audit by SolidProof and minimized the risks of a rug pull by dedicating 11.5% of its total token supply to liquidity.
The PlayDoge ICO employs a dynamic pricing model, meaning the price will increase if the presale reaches its next milestone at $6.7 million. Because of that, expert attention is at an all-time high, as its current price is likely the lowest we’ll see.
In his recent YouTube video on PlayDoge, Cryptonews, a popular crypto analyst, believes the meme coin’s successful marketing and strong fundamentals will make it explode after launch.
PLAYDOGE IS ABOUT TO EXPLODE!! HUGE UPDATES FOR PLAY DOGE!!
With less than four days left to invest in PlayDoge before the DEX launch, now’s the best time to get in on PLAY.