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Floki shares are on a massive rise this year with analysts predicting another 2x gain in 2024, while PlayDoge raised $5.5 million in its presale, showing potential for significant growth.
Floki has proven to be an unstoppable force this year, with its price rising by over 500%. However, one prominent analyst is predicting another 2x surge in 2024.
Floki is optimistic on technical and fundamental aspects.
The project is seeing a huge amount of profits on an annual basis, and popular trader CryptoKnight is poised to make big gains in the future.
In a recent chart analysis on Twitter (X), the analyst suggested that it is time for Floki to break out after a 56% sell-off from its June all-time high (ATH).
Based on CryptoKnight’s prediction, Floki is poised to reclaim the $0.00018 level, leading to a parabolic rally above $0.0003. From Floki’s current price of $0.00015, this would result in a price increase of more than 2x.
While CryptoKnight bases his outlook on technical analysis, other analysts highly value Floki’s fundamentals.
For example, Crypto Scofield Bottom lines Floki has real utility, which will translate into improving the token economy.
“One of the many reasons I’m bullish on Floki is its new trading bot,” he said. “Half of its trading fees will go toward buying and burning FLOKI tokens, which is hugely important to its ecosystem as it can generate millions of dollars in monthly revenue.”
Similarly, Jay Heisey praised Floki’s innovative ecosystem, drawing attention to its play-to-earn (P2E) gameplay, betting, and other features. The analyst believes that Floki’s broad ecosystem will lead to its widespread adoption.
In fact, we shouldn’t overlook the project’s widespread support and 500% annual return. It has significantly outperformed other major meme coins like Dogecoin and Shiba Inu, which have risen by 69% and 119% respectively.
With analysts praising it, there’s a good chance this momentum will continue. Floki’s bullish outlook is likely to stem from two reasons: its impressive token utility and its low market cap compared to projects like DOGE and SHIB.
However, there is another memecoin that also fits this description, but its value is much lower. The project is called PlayDoge, and it is currently undergoing a pre-sale.
This means that market participants can buy at a fixed, discounted price before it is released on exchanges.
Memecoin P2E PlayDoge raised $5.5 million in Pre-sale
play dog It’s a compelling mix of nostalgic gaming, memecoin appeal, and sophisticated financial engineering.
It was inspired by the Tamagotchi game from the 1990s, where users took care of a virtual pet, making sure it was happy and healthy. Tamagotchi captivated audiences with this concept, selling over 82 million copies.
But the PlayDoge reboot replaces the Tamagotchi pet with an 8-bit Doge and is backed by a robust token economy. Users will earn PLAY by interacting with their pets.
However, they need to hold the PLAY token to receive rewards, and the token can also be used for in-game purchases and betting. This means a lot of utility for the token to help boost its price.
PlayDoge has created quite a buzz among industry experts, with analysts expressing optimism about the project’s potential for profit. For example, Crypto Wire confirmed that there are huge betting rewards.
He also points out that the project has an impressive roadmap and token distribution, which is a big differentiator from most other meme coins.
PlayDoge’s presale has raised $5.5 million so far, and its performance has clearly been favored by investors as well as industry analysts.
The current price is $0.00517, but this price will increase throughout the campaign with the next one-day increase.
To learn more, Visit PlayDoge’s pre-sale site..
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