Play-to-Earn (P2E) meme coin Floki is gaining ground with a 3.3% pump today.
Meanwhile, another new P2E meme coin, Shiba Shootout, has just raised $1 million at presale.
Floki Price Pumps, But Traders Say More to Come
Floki’s run might just be starting – analysts forecast huge gains are on the horizon.
It’s currently trading at $0.0001283, up 3.3% today and 3.9% this week.
The Shiba Inu-themed meme coin – which also happens to be the most valuable P2E cryptocurrency – is garnering significant attention on social media.
Brimmed with features, Floki keeps its community guessing about what the next big news break will be.
Most recently, it teamed up with BSC-based meme coin Simon’s Cat, which has gone viral recently.
Floki has an in-house trading bot and launched a promotion with Simon’s Cat to refund CAT trading fees plus a 5% bonus.
And yesterday, they announced that Floki holders would be airdropped CAT tokens, lighting another flame of excitement in the community.
OKX Will Support Simon’s Cat ($CAT) Airdrop to $FLOKI Holders
– Snapshot (already recorded): Aug 29, 2024, 23:59:59 UTC
– Users who held 400,000+ $FLOKI on OKX on the snapshot date qualify
– Proportional distribution based on $FLOKI holdingsRead the full details here … https://t.co/TlqyO8NN2k pic.twitter.com/5orAMU2iD2
— FLOKI (@RealFlokiInu) September 9, 2024
This comes just a few weeks after Floki announced that it would sponsor Premier League and eSports teams to promote its new P2E game, Valhalla.
Indeed, Floki’s fundamentals are in order, but what about its technicals? According to analysts, there is tremendous potential there as well.
Chimp of the North anticipates a 150% gain from its current price. The analyst highlights that Floki currently shows strength at a key support level and predicts a bullish rally will follow.
That range high will be touched again at some point.$FLOKI https://t.co/M0ZxuD0nMV pic.twitter.com/q1N3eMVMRN
— Chimp of the North (@cryptochimpanz) September 9, 2024
Taking a longer-term outlook, Crypto-Rod speculates Floki could rise to $0.0007. That’s a 483% increase from its current price.
The analyst underscores that Floki is forming a similar chart pattern to shortly before its last higher-time-frame breakout.
$FLOKI Macro view pic.twitter.com/AQ9mXt7B5m
— Crypto-ROD (@RodMaartin) September 6, 2024
But we mustn’t discount that robust fundamentals underpin Floki’s bullish technical outlook.
And this is where Shiba Shootout comes in. It’s another P2E meme coin with tons of potential thanks to its innovative features and strong presale growth.
Is This the Next Floki? P2E Meme Coin Shiba Shootout Raises $1M, Offers 858% Staking APY
The Shiba Shootout presale has surged past $1 million as investors seek out the next big utility-centered meme coin.
Like its predecessors, Shiba Inu and Floki, Shiba Shootout will have an entire ecosystem.
Its flagship game, Shiba Sharpshooter, is already live on the App Store and Google Play Store. The game lets users test their skills in fierce gun battles where timing and precision are key.
But there’s more. Other features include on-chain governance, a lottery system, incentivized community story sessions, and a referral program.
Traders are watching the staking feature closely. It launched alongside the presale, allowing buyers to start compounding their investment immediately.
Currently, staking offers a whopping 858% APY, but this won’t last forever. The APY will get smaller as more people stake their tokens.
All of this converges into a promising project that is drawing attention market-wide. One of the most well-known proponents is Michael Wrubel, who called $SHIBASHOOT “the next 100x Shiba Inu.”
The analyst boasts over 300K YouTube subscribers, so his endorsement for such a new project certainly holds a lot of weight.
The current Shiba Shootout presale price is $0.0202.
However, this will rise throughout the campaign, with the next increase in five days.
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