CoinTelegraph Report:
Floki (FLOKI), one of the world’s largest meme coins, has been having a blast lately.
As we move into July, speculation grows about whether FLOKI will break the crucial $0.002 mark this month or continue trading sideways.
Floki takes a deep breath, yet remains the highest-traded meme coin.
Let’s take a closer look at where FLOKI stands now.
The token currently sits at $0.000173, catching its breath after price swings in May and June.
Since mid-June, FLOKI has been trading sideways while other meme coins have surged.
It’s down 50% from its peak on June 5th, but zoom out and you’ll find it’s still up 97% since early 2024.
Not bad for a meme coin that garners less attention than PEPE and WIF.
Technically, FLOKI has been grappling with key moving averages.
It’s leaning on the 200-day Exponential Moving Average (EMA) for support but seems unable to breach resistance at the 50-day moving average.
Classic range-bound behavior.
Interestingly, spot trading volume surged by 32% to $297 million, making FLOKI the fifth most traded meme coin.
With public interest rates climbing to $20 million, traders seem poised for a potential breakthrough.
Can FLOKI reach $0.002 this month?
So, can FLOKI hit the $0.002 mark this month?
Let’s break it down.
That would require a 16% price increase for FLOKI.
For most altcoins, this would be a significant rebound — but FLOKI has made such leaps countless times in its lifecycle.
In fact, it achieved such gains in just one day back in May.
Recently, Floki’s team has been stirring the pot.
They teased a leak of their upcoming Play-to-Earn (P2E) game, “Point Game,” set to launch later this year.
Moreover, they just held an AMA where a key advisor reaffirmed their commitment to long-term growth.
Looks like the Floki team intends to keep the momentum going.
However, the meme coin market has been highly unpredictable in recent weeks.
Yet despite FLOKI’s volatility, it remains one of the most traded meme coins.
If the token can hold above the 200-day moving average and use it as dynamic support, not only is $0.002 possible, it might be inevitable.
Which other meme coins might bounce back in July?
While FLOKI’s potential surge has caught attention, it’s not the only meme coin looking bullish.
Let’s look at PlayDoge (PLAY), gaining traction in its presale phase as a new breed.
Nostalgia meets crypto with PlayDoge — the new P2E meme coin.
PlayDoge has had an incredibly strong start to its lifecycle.
But it’s more than just another impractical meme coin.
Imagine the 90s Tamagotchi pet. Now imagine a Doge that not only lives but earns you cryptocurrency.
That’s PlayDoge in a nutshell.
You feed it, play mini-games with it, and in return, earn play — PlayDoge’s native BEP-20 token.
It merges childhood nostalgia with crypto rewards.
Yet PlayDoge isn’t just a P2E game.
The PlayDoge ecosystem also features a staking protocol with an estimated annual yield of 111%.
Over 169 million PLAY tokens have already been locked into this staking protocol before the project’s official launch.
With 12% of the token’s total supply allocated to staking rewards, developers are clearly focused on passive income.
Currently, PlayDoge’s presale has raised over $5.3 million in early funding.
The presale price for PLAY tokens is $0.00515 each, increasing every few days to encourage early investment.
Members of PlayDoge’s Telegram channel cheer for this discounted entry price.
If the project continues on its current trajectory, it’s likely to have an optimistic July, much like FLOKI.
Visit PlayDoge Presale
Disclaimer: The above article is sponsored content; it was written by a third party. CryptoPotato does not endorse the content, advertisements, products, quality, accuracy, or other materials on this page. None of the content should be construed as financial advice. Readers are strongly encouraged to independently verify information and conduct their own research before participating in any companies or projects mentioned. Investing in cryptocurrencies carries the risk of capital loss, and readers should consult with professionals before making any decisions based on or independent of the above sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
