Floki Price Prediction for June – Will the Rally Continue?

The post Floki Price Prediction for June – Will the Rally Continue? appeared first on Coinpedia Fintech News

After success in the 2021 bull market, Floki is taking a second swing at outsized returns this cycle, up over 700% in the past year.

But will Floki’s momentum prevail, or are its best days behind it? Let’s find out in this Floki price prediction for June.

Floki Price Bullish and Traders Provide Promising Technical and Fundamental Analysis

Floki has enjoyed a strong performance recently and prominent traders remain bullish on its technical and fundamental outlook.

Starting with its technical analysis, VegetaCrypto compared Floki’s price action to Pepe’s. 

The analyst underscores a similarity in Floki’s current price structure to Pepe’s before it saw approximately a 2x increase.

Based on this, we could see Floki advance toward $0.0005 in the coming weeks.

Meanwhile, CryptoNewton highlights that Floki has recently broken above a trendline resistance on the daily time frame and predicts the next leg up will propel it toward $0.0007.

From Floki’s current price of $0.0002694, this would represent a 159% increase.

Prominent market commentator Jelle is also bullish on Floki. In a recent tweet, he highlighted that Floki has broken a trendline resistance and anticipates a move toward $0.0005.

However, Jelle is also also bullish on Floki’s fundamentals. He highlights that the team is constantly shipping new developments and says that an upcoming announcement will be impactful due to the meme coin market’s improving conditions.

One of Floki’s strongest narratives is its Play-to-Earn (P2E) game, Valhalla, which has catapulted Floki to become the second-largest crypto in CoinMarketCap’s gaming category.

This provides a distinct narrative that separates Floki from its meme coin peers, likely attributing to its recent strength.

A popular Floki community member cites the P2E game as a reason Floki could reach a $50 billion market cap this cycle.

But while the future looks bright for Floki, another new P2E meme coin is emerging and backed for huge gains.

The token is PlayDoge, and it has raised a staggering $1.6 million in just over one week of presale.

Is This the Next Floki? PlayDoge Presale Zooms Past $1.5M

With $1.6 million raised, PlayDoge has substantial room for growth to catch big dogs like Floki.

However, its presale is already garnering the attention of top industry figures, suggesting this is a meme coin to watch.

Inspired by the hit 1990s Tamagotchi game, PlayDoge’s P2E platform invites users to care for their own pet doge, ensuring it is fed, rested, and entertained.

They will earn XP by engaging with their pet and competing in mini-games, which pushes them up the project’s leaderboard and provides more $PLAY tokens.

Users can then cash these tokens out, make in-game purchases, or stake them. Currently, staking offers a 191% APY, but this will decrease as the staking pool grows. But the ingenious thing about PlayDoge is that users must hold $PLAY to receive rewards.

In other words, the demand for $PLAY will align with the platform’s popularity, and there will likely be bucketloads of eager users considering the game’s crypto rewards and its nostalgic appeal.

PlayDoge will launch on the Google Play Store and App Store. This ensures widespread accessibility, moving crypto closer to mass adoption.

Currently, investors can buy $PLAY at presale for $0.00502. However, this will rise throughout the campaign, with the next uptick in two days or when the total raise hits $1.9 million.

Visit PlayDoge Presale