Floki Primed For Growth On Bullish Price Chart and P2E Game Sponsorship

Floki is in a solid position, both technically and fundamentally. It's currently trading at $0.0001233. While it remains down 35% this month, its price has held strong above $0.0001 for almost three weeks, signalling a bottom may be in.

Floki Surges 12% As Crypto Market Heats Up, Traders Eye $0.000349 Highs

Floki Impactful P2E Game Sponsorship To Boost Visibility In Mainstream Media

Floki price action has been a hot topic among crypto traders in recent weeks, especially given its status as a meme coin. But beyond its playful nature, Floki boasts strong fundamentals and a dedicated following.

As such, its performance in the coming weeks could be a key indicator of broader market trends.

Floki Surges 12% As Crypto Market Heats Up, Traders Eye $0.000349 Highs

Floki, the meme coin named after Elon Musk's dog,рующие цены на криптовалюту yesterday with gains of over 12% at one point. As such, it caught the attention of crypto traders, who are now closely watching its price movements.

Floki price today, FLoki price, FLOKIUSDT Chart (TradingView)

According to data from CoinGecko, Floki's price surged to highs of $0.0001233 during yesterday’s rally. However, it later pared some gains and was last changing hands at $0.0001183, up around 8% over the past 24 hours.

Floki’s gains come as the broader crypto market experienced a positive session yesterday, with total crypto market capitalization rising by around 1.5% to reach $1.02 trillion. Bitcoin price rose slightly, adding around 0.2% to reach $23,163, while Ethereum price also edged higher, up about 0.7% at $1,636.

Floki Primed For Growth On Bullish Price Chart and P2E Game Sponsorship

Floki is in a solid technical and fundamental position. It’s currently trading at $0.0001183, down 35% this month but having held strong above $0.0001 for almost three weeks, which could indicate a bottom.

But what are traders saying about this?

Nilesh Rohilla notes that $0.0001 is a key long-term level, which Floki tapped before explosive bounces earlier in 2024.

The analyst suggests that “Floki seems ready for the next bull market” and plots a potential chart path to highs of $0.000349.

$Floki seems ready for next bull market..

*@RealFlokiInu* https://t.co/Vq6uBQhWY5 pic.twitter.com/m2bgvozUZ5

Meanwhile, analyst Fantoshi claims he has made 10x profits on Floki before and suggests that the chart indicates another parabolic move is ahead.

According to the analyst, Floki could climb to $0.004, 32x from its current price.

He suggests the target could be hit by mid-2025.

In past, I turned a 10x profit with $FLOKI before and exited. Now, the chart and market cap indicate a potential parabolic move. I’m confident $FLOKI could soon reach a $40B+ market cap. ?? Applying simple date and price range indicator. I expect new ATH in Jan 25, and ATH… pic.twitter.com/NPkRzlJsXH

And Floki’s fundamentals are also bullish.

CoinDesk reported on Tuesday that Floki has just signed deals with English Premier League teams to feature the project’s Valhalla Play-to-Earn (P2E) game.

?️ @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

The game will be featured across stadium screens and kit sponsors, bolstering its visibility to a worldwide audience.

Indeed, while Floki is a meme coin, its P2E game and sponsorships reflect the evolution of the joke token sector.

The premier league is one of the world’s largest sporting organizations, and now all its viewers will learn about Floki. And while Floki continues to pioneer in its domain, other meme coins also show massive potential.

For instance, the P2E meme coin Shiba Shootout is also gaining pace as its presale has nearly raised $1 million. 

Shiba Shootout Is the latest utility-based Meme Coin With a P2E Game 

Shiba Shootout is wasting no time in getting started. Even though its presale is ongoing, it has already launched its

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