Floki Surges Over 10 After being Listed on Kraken Futures while New P2E Meme Coin PlayDoge Raises 5M
Floki ($FLOKI), dubbed “The People’s Cryptocurrency,” experienced a significant surge of over 10% just hours after a major crypto exchange announced its inclusion of FLOKI in its perpetual futures trading. This development is seen as a significant milestone for the Floki ecosystem and may help the meme coin regain its upward momentum following a recent decline.
Simultaneously, PlayDoge ($PLAY), a new play-to-earn game that brings the beloved Tamagotchi style to mobile devices, has achieved a milestone of its own by raising $5 million in a token presale.
FLOKI Skyrockets Following Kraken’s Perpetual Futures Listing Announcement
Kraken, a popular US-based crypto exchange, recently revealed its decision to list FLOKI perpetual futures for trading on its platform. Known for its rigorous listing standards and thorough vetting procedures, Kraken’s move allows its 10 million users to speculate on the price movement of FLOKI by taking leveraged short or long positions.
The announcement had an immediate impact, driving FLOKI’s price up by 10% within hours. This news could potentially be the catalyst that Floki’s supporters have been eagerly awaiting to halt the token’s recent price decline and reignite its bullish trend.
Kraken’s announcement is part of Floki’s ongoing efforts to expand its presence in the market. Floki was recently listed on Nexo, granting access to an additional 7 million users. Previously, Floki formed a partnership with Revolut Business, making FLOKI purchases more accessible for European businesses.
Anticipation for Play-to-Earn Game Fuels Demand for FLOKI
Floki is currently developing a play-to-earn game called Valhalla, which is currently available for free on the testnet. Valhalla allows players to create and customize their Viking NFT character and engage in various activities in an open-world setting, including raiding, farming, and fighting. The game prioritizes a fun-first approach.
A team of over 20 developers is actively working on the game, with future development decisions being made by the DAO.
#Valhalla is on its way!
During the recent Binance Live AMA, we provided a sneak peek of our #Metaverse game Valhalla.
Valhalla represents Floki’s ambitious endeavor to revolutionize blockchain gaming with a Play-to-Earn Metaverse NFT game.
https://t.co/QrPt6i74D6 pic.twitter.com/4jLzNVeFN6
— FLOKI (@RealFlokiInu) November 23, 2022
Once Valhalla transitions from the testnet to the final version, players will require FLOKI tokens in their wallets to participate. The excitement surrounding the game and the desire to gain an advantage upon its official release could be contributing to the recent price increase.
However, despite these recent developments, Floki’s returns have been relatively modest. For investors seeking a higher-risk, higher-reward investment option, a new play-to-earn meme game has caught their attention.
With Over $5 Million Raised in a Presale, is PlayDoge a Better Play-to-Earn Investment at the Moment?
While Floki has experienced fluctuations, another play-to-earn gaming token has seen only positive growth since its presale launch. Within less than a month, PlayDoge successfully raised $5 million, reaching a significant milestone in its funding objectives.
This new cryptocurrency project aims to bring the nostalgic Tamagotchi-style game from the 90s to mobile devices through a mobile game. However, there’s a unique twist: players earn $PLAY tokens as rewards for keeping their virtual pet dog happy, fed, and completing mini-games.
Neglecting to care for and entertain the virtual pet could result in it leaving or perishing.
Holding $PLAY tokens offers in-game benefits, such as access to the Leaderboard, where players can compete for bonus $PLAY tokens and additional rewards. The token will also serve as in-game currency.
Apart from gameplay incentives, purchasing $PLAY tokens during the presale offers attractive staking yields exceeding 140%. What sets PlayDoge apart is that it supports staking rewards on both the Ethereum and Binance blockchains, unlike most token presales that only offer rewards on Ethereum.
While Floki has been in the game development industry for a longer period and is more advanced, PlayDoge’s substantial investor support and straightforward gameplay may position it as the next top contender in the play-to-earn space.
Visit the PlayDoge Presale for more information.
