FLOKI Price is Poised for Huge Breakout As This Presale Fires Up Dog Coin Market
FLOKI traders are upbeat, expecting Floki Inu price gains in the days ahead. Meanwhile, Shiba Shootout is the latest viral meme coin presale.
Meme coins are losing steam. Though their total market cap fluctuates between $45 and $55 billion, the excitement is not as high as it was in Q1 2024.
Even amid this contraction, some meme coins dominate, and prices are relatively steady.
FLOKI Inu On The Verge: Will FLOKI Traders Take Over?
Besides PEPE and Dogecoin, traders are closely monitoring FLOKI.
FLOKI is among the most valuable meme coins, commanding a market cap of over $1.8 billion.
At the momentum, CoinMarketCap data shows that the coin is down 5% in 24 hours but up 6% in the previous week.
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These welcomed gains are positive for FLOKI and are a relief after the 60% drop from March highs.
Technically, there are hints of strength, looking at the FLOKIUSDT candlestick arrangement.
The close above $0.00018 was crucial.
If bulls follow through and breach $0.00021, there could be more gains for the meme coins.
This forecast will be especially true for traders targeting a retest of June 2024 highs.
For now, there are signs of accumulation, as on-chain data shows.
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The mean coin age, pointing to how long FLOKI owners are willing to HODL, is trending upward.
At the same time, the 30-day MVRV is flipping back to green.
The Age Of Shiba Shootout: Is This The Meme Coin Of The Future?
While traders expect FLOKI to surge in the coming days, another Shiba Inu-inspired project, Shiba Shootout, is rising in the ongoing presale.
The viral Shiba Shootout presale has raised over $736,000 roughly two weeks after launching, drawing the attention of smart investors.
At this stage, SHIBASHOOT is available for $0.0196 but will increase in the next 24 hours.
Interested investors can buy SHIBASHOOT using USDT, ETH, or debit/credit cards.
Most are convinced Shiba Shootout is undoubtedly the next big meme coin sensation.
And these are not wild claims.
Shiba Shootout differs from other meme coins since it offers a comprehensive ecosystem and a play-to-earn (P2E) mobile game.
Players are rewarded with SHIBASHOOT, the native token of the Shiba Shootout project.
The more they engage in virtual gun battles, the more tokens they receive.
To engage in community engagement, token holders can participate in governance.
At the same time, other initiatives like Lucky Lasso Lotteries and Cactus Staking allow users to receive more tokens and stake and earn passive income.
On the security and transparency front, Shiba Shootout smart contracts have been thoroughly audited by SolidProof.
Once the presale ends, SHIBASHOOT will be listed on various exchanges.
On launch, supporters believe the meme coin will soar 100X, outperforming top meme coins like PEPE and FLOKI.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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