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Tim Hakki
Author
Tim Hakki
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Why Trust Cryptonews
The top-ten meme coin and soon-to-be trading bot inspired by Elon Musk’s pet Shiba Inu of the same name, Floki ($FLOKI), is the best performing large-cap doge-themed coin of the last seven days.
In the last 24 hours, $FLOKI sank 3.8%% to trade at $0.0001235.
These intraday losses are heavier than those of its peers: Dogecoin ($DOGE), which shed 1.1%, Shiba Inu ($SHIB) dropped 0.7%, DogWifHat ($WIF) dropped 3% and Bonk ($BONK) lost 3.4%. Pepe ($PEPE), the biggest non-doge meme coin, lost 3.5%.
However, Floki’s price remains virtually unchanged in the last seven days. The same can’t be said of the above coins, which all dropped by just over 6% this week except $DOGE and $SHIB, which dropped 2% and 1% respectively.
That means in terms of seven-day metrics, Floki is a better performing cryptocurrency than Bitcoin ($BTC) right now.
The number one digital asset, which often sets the pace for the rest of the market trends, shed 2.8% over the week and currently change hands at $59,441.
FLOKI Price Analysis – New Rallies Ahead?
$FLOKI’s price chart shows token trading in a narrow margin between its current resistance level of $0.0001 and its support of $0.0002, as shown by the colored lines below.
Since early June, the token has shed 64%, spiraling down from an all-time high of $0.0003449, posted on June 5.
Since the market crash on August 5th, Floki has had difficulty finding the next leg above $0.000125.
A relative strength index (RSI) of 49 and falling indicates Floki will continue its robust performance into the weekend, however, those hoping the price will go back up may have to wait longer.
The likelihood of more conservative fiscal policies by The Fed, coupled with a war and election-heavy news cycle, means that established cryptocurrencies across the board will have a hard time finding new funds.
As Floki Enjoys Uncertain Triumph, Crypto All-Stars Enjoys $605,200 Launch
The fact that Floki is the best-performing doge meme coin purely because it didn’t lose anything over the week gives investors some idea of how the established $40 billion meme coin sector is going.
Those looking for the catalytic gold rushes of the early days of a meme coin project are better served looking into some of the presales that are quietly attracting millions not just for their memes, but for their utility too.
One project pioneering a unified staking protocol for meme coin fans is Crypto All-Stars, represented by the $STARS token.
Crypto-All Stars is a revolutionary staking platform that brings together the most celebrated meme coins in one place.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them on the platform and earn passive income in the form of $STARS with a rewards rate currently set at 2,491%.
The team has allocated 20% of the tokens for its presale. The other 25% is for presale staking, 20% for marketing, 10% CEX/DEX listing, and the rest 25% for the MemeVault Ecosystem.
This new meme coin project has gained so much popularity that its presale has already raised $605,200 since its launch last week.
Following the purchase, you can begin staking for rewards and claim the tokens once the presale ends.
So, if you are a meme coin holder who wishes to put your money to work, Crypto All-Stars is worth a look-in. Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow them on social media – X (Twitter) | Telegram to stay up-to-date on all their development plans.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
