Floki ($FLOKI), known as “The People’s Cryptocurrency,” surged more than 10% just a few hours after one major crypto exchange announced it would include FLOKI in its perpetual futures trading. This marks a huge milestone for the Floki ecosystem, that will hopefully turn the tides and see the meme coin continue trade higher after a recent dip.
Meanwhile, PlayDoge ($PLAY), a new play-to-earn game that brings the iconic Tamagotchi style into everyone’s pocket, has reached its own milestone, raising $5 million in a token presale.
FLOKI Soars After Kraken Announces Perpetual Futures Listing
The popular US-based crypto exchange Kraken recently announced that it will list FLOKI perpetual futures for trading on its platform. Kraken is known for its stringent listing standards and complex vetting procedures. Now, its 10 million users will be able to speculate on FLOKI’s price movement by choosing leveraged short or long positions.
The news pushed FLOKI 10% just within hours after the announcement. Maybe this is the catalyst that Floki’s supporters have been waiting for to stop the token’s recent price decline and finally restart its bull run.
The Kraken announcement continues Floki’s market expansion efforts. Floki was recently listed on Nexo, reaching an additional 7 million users. Previously, Floki partnered with Revolut Business, simplifying FLOKI purchases for European businesses.
Upcoming Play-to-Earn Game Fuels Demand for FLOKI
Floki is building a play-to-earn game called Valhalla, currently available for free on testnet. The game lets you create and customize your Viking NFT character and play in an open world, raiding, farming, fighting, and more with a fun-first philosophy.
Over 20 developers are currently building the game, while the DAO will help the team decide on future development.
Once the game leaves testnet, you’ll need FLOKI tokens in your wallet to play. Anticipation for this game and hopes of having an advantage when the final version is released could be fuelling the recent rise.
However, Floki has posted quite modest returns for so many recent developments. For those looking for a more high-risk, high-reward investment, a new P2E meme game has caught the eyes of investors.
With Over $5 Million Raised in a Presale, is PlayDoge a Better P2E Investment Right Now?
While Floki had its ups and downs, another play-to-earn gaming token has seen only ups since it launched its presale. Within less than a month, PlayDoge raised $5 million, reaching a major milestone in its funding goals.
This new crypto project aims to bring the iconic Tamagotchi-style game of the 90s into everyone’s pockets via a mobile game. But there’s a twist: the player earns $PLAY tokens as a reward for keeping the virtual pet dog happy and fed and for completing mini-games.
Failure to nurture the pet and keep it entertained could cause it to leave or perish.
Holding $PLAY tokens comes with in-game benefits, including access to the Leaderboard, where players will compete for bonus $PLAY tokens and additional rewards. The token will also be used as in-game currency.
But gameplay isn’t the only incentive to buy $PLAY tokens during the presale. With staking yields exceeding 140%, early investors are handsomely rewarded for their support. While most token presales offer staking rewards only on the Ethereum blockchain, PlayDoge supports staking rewards on both Ethereum and Binance blockchains.
Floki has been around for longer and is far ahead in its game development. However, PlayDoge, with its massive investor support and game simplicity, could become the next top dog very soon.
The post Floki Pumps Over 10% Following Kraken Futures Listing as New P2E Meme Coin PlayDoge Raises $5M appeared first on Finbold.
