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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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Canine meme coins Shiba Inu ($SHIB) and Floki ($FLOKI) are rallying in line with the rest of crypto’s meme coin sector, which grew 10% in the last 24 hours to post a collective market cap of $67.9 billion.
Both Shiba Inu and Floki rose 9% overnight and now retail for $0.00001864 and $0.0001445 respectively.
Most canine-themed coins appear to have tracked the wider sector, with OG meme coin Dogecoin ($DOGE) rising as much as 13% in 24 hours (and a sweltering 16.5% in the last seven days) to trade at $0.1658.
In fact, the only canine-themed cryptocurrency among the Big Five that didn’t grow by around 10% was Solana’s Bonk ($BONK). Bonk grew 4% to reach $0.00002172.
Floki and Bonk are also the only two blue chip doge coins to depreciate over the week. Bonk fell 7% while Floki fell 4%.
In general, the market is following Bitcoin ($BTC), which grew 3.4% overnight and now trades at $71,165.
Shiba Inu and Floki: Two Similar Stories
At a cursory glance, Shiba Inu and Floki look like two similar performing tokens.
They may have started life as low-utility digital chump change, but their developers have since added a raft of new features—Shiba’s have gone all-in on privacy, while Floki’s are testing training bot functionality—to keep them competitive.
Back in late September, Shiba Inu rallied to over $0.00002.
This was the first time $SHIB has been at that price since June 17 this year.
$SHIB has largely held its ground since and it’s now trading close to the mark as it aims to go higher.
Shiba Inu’s RSI is currently sitting above 70, indicating that it may be overbought, with some selling soon to come.
Meanwhile, Floki’s charts tell a more bullish story. Like Shiba, Floki rallied to a recent high in late September. However, in Floki’s chart we see a clear triple peak on or above the key resistance level $0.00016.
Support has been steadily rising in the meanwhile, which primes the token perfectly for a potential rally, where $0.0002 will be the next target.
Stake Floki and Shiba Inu in New $3 Million Crypto All-Stars Meme Coin Protocol Presale
As previously mentioned, projects like Floki and Shiba Inu are adding new functions to their meme coins in order to keep them relevant.
Meme coins are typically only held for their ability to randomly go up. However, over in the presale sector, a raft of new projects are highlighting the growing utility, value, and community-building incentives developers are adding to their tokens.
One new protocol called Crypto All-Stars hopes to change the negative perceptions around meme coins by letting crypto fans put them to work. Both Shiba Inu and Floki are currently compatible with the protocol!
Crypto All-Stars is a unified staking protocol that allows users to earn serious rewards by combining the world’s most celebrated meme coins.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them in the MemeVault and earn passive income in the form of $STARS with a rewards rate currently set at 545%.
The team says many more will be added soon.
The project has gained so much popularity that its presale has already raised over $2.8 million.
Following the purchase, investors can begin staking for rewards and claim the tokens once the presale ends.
Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow Crypto All-Stars on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Stars Presale Website Here
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.
