FLOKI Crypto Surges +30% Overnight: The Dog Memecoin Owing The Success Of Its Valhalla Game

FLOKI Crypto Surges +30% Overnight: The Dog Memecoin Owing The Success Of Its Valhalla Game

FLOKI crypto has emerged as one of the top gainers on CoinGecko over the past 24 hours. It is trending alongside major cryptocurrencies such as Ethereum (ETH), Bonk (BONK), and Pump.fun (PUMP) after a +30% surge in price overnight.

This increase in price for FLOKI crypto aligns with the overall strong performance of the cryptocurrency market, which currently has a total market cap of $3.8 trillion, and the FLOKI market cap is approximately $1.2 billion.

Not only has the Valhalla game been a success for Floki crypto, the memecoin is the first digital asset to have a MiCAR compliant White Paper

(SOURCE)

Valhalla Game Behind Surging Demand For Floki Crypto

The overall positive sentiment in the global cryptocurrency market has contributed to FLOKI’s recent surge, particularly following the launch of the Valhalla play-to-earn game on opBNB, as reported by BanklessTimes.

In just over two weeks, the game has processed over 1 million transactions and minted more than 125,000 NFTs. This level of activity suggests a shift from mere meme-driven hype to genuine utility, which can support long-term demand.

With additional NFT integrations and in-game token use cases on the horizon, the FLOKI ecosystem is laying the groundwork for a stronger and more sustainable environment.

This utility-driven approach aligns with a growing trend in the meme coin sector, where investors are increasingly seeking meme coins that offer practical applications.

Floki Makes History As The First Digital Asset To Have A MiCAR Compliant White Paper

Another significant milestone contributing to FLOKI’s momentum is its historic achievement in Europe. FLOKI became the first crypto token to have a MiCAR-compliant White Paper officially registered with the European Securities and Markets Authority (ESMA).

Submitted by LCX, one of Europe’s leading regulated exchanges, this approval grants FLOKI legal permission to trade under the EU’s Markets in Crypto-Assets Regulation (MiCAR), making it tradable on all regulated platforms within the European Union.

This is a massive moment for any digital asset, let alone one that began as an Elon Musk-inspired meme coin. FLOKI crypto has continued to distance itself from that early tag. It has quickly become a household name through its genius branding and ever-growing suite of products under the Floki umbrella.

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From A Meme Coin Named After Elon Musk’s Dog To A Billion-Dollar Web3 Powerhouse

Floki Inu was originally launched as a meme coin inspired by Elon Musk’s dog but has since transformed into a significant player in the Web3 movement. It operates on both the Ethereum and Binance Smart Chain networks, making it a chain-agnostic token.

The Floki ecosystem comprises several key components: Valhalla, a play-to-earn NFT gaming metaverse; FlokiSpaces, an NFT marketplace; and FlokiFi, a decentralized finance (DeFi) platform that facilitates lending, borrowing, and staking of tokens.

In addition to its sprawling suite of products, Floki has recently introduced Floki University, an educational hub for new crypto users, as well as a FLOKI-branded debit card.

FLOKI Crypto Facing A Hefty Sell Wall At $0.000143: Flip This And It Can Go To The Moon

FLOKI surged over 30% overnight after breaking out of a Falling Wedge pattern. A liquidity grab is indicated at around $0.00027, suggesting another potential move of +100% in the short term.

In hindsight, the breakout was evident, as FLOKI spent a week maintaining support on a 1-day timeframe. It now appears that there will not be any pullbacks toward the $0.0001 level.

Following this recent price surge, Floki is currently trading at approximately $0.00013, with a market capitalization exceeding $1.2 billion. Despite the recent bullish price action, FLOKI is still approximately 60% down from its all-time high of $0.000344, highlighting the potential for significant upside if FLOKI can reach those previous highs.

One thing standing in the way of FLOKI reclaiming those highs is a heavy sell wall at $0.000143. If this area can be breached, there is a free run toward $0.00028, which represents the next resistance level.

With the bullish uptrend on the Floki crypto chart, coupled with the project’s ongoing release of products, it seems a foregone conclusion that during this cycle, FLOKI will reach a new all-time high.

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The post FLOKI Crypto Surges +30% Overnight: The Dog Memecoin Owing The Success Of Its Valhalla Game appeared first on 99Bitcoins.

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