FLOKI Crypto Climbs 30% Overnight: The Dog Memecoin Benefiting from Its Valhalla Game
FLOKI crypto has seen a considerable price rise, boosted by the success of its new gaming platform, Valhalla, indicating a transition from meme coin to practical utility.
FLOKI crypto has rapidly ascended as one of the leading performers on CoinGecko, experiencing a 30% overnight surge in price. This upswing correlates with a robust day for the overall cryptocurrency market, which is valued at approximately $3.8 trillion, with FLOKI maintaining a market cap near $1.2 billion.
FLOKI Surge
Valhalla Game Behind surging Demand For FLOKI Crypto
Positive sentiment in the global cryptocurrency arena has played a crucial role in FLOKI’s rise, especially after the release of the Valhalla play-to-earn game powered by opBNB. Within a span of two weeks, this game has recorded over 1 million transactions and created more than 125,000 NFTs. This indicates a shift from mere hype to practical applications which could aid in sustaining demand.
Floki’s Historic MiCAR-Compliant White Paper
“Floki Makes History by Becoming the First Token With a MiCAR-compliant White Paper Officially Registered with the ESMA” â FLOKI (@RealFlokiInu) from Twitter
Translation: Floki has made history by registering a MiCAR-compliant White Paper with the European Securities and Markets Authority, marking a significant legal step forward.
A notable achievement that has amplified FLOKI’s momentum is its recognition as the first crypto token to have a MiCAR-compliant White Paper sanctioned by the European Securities and Markets Authority (ESMA). This recognition allows FLOKI to trade across all regulated platforms within the EU.
From Meme Coin to Web3 Powerhouse
“The $FLOKI debit card is here, revolutionizing the world of finance! đđ¸”
â Crypto Peer đşđ¸ (@Wgist2) from Twitter
Translation: The FLOKI debit card has launched, signifying a major innovation in the financial sector.
Originally conceived as a meme coin inspired by Elon Musk’s dog, FLOKI has evolved into a significant player within the Web3 ecosystem. It operates across the Ethereum and Binance Smart Chain networks, therefore being a chain-agnostic token.
The FLOKI ecosystem features several important entities: Valhalla, a play-to-earn NFT gaming metaverse; FlokiSpaces, an NFT marketplace; and FlokiFi, a DeFi platform to facilitate lending, borrowing, and staking of tokens.
FLOKI Crypto Facing Sell Walls
“$FLOKI has only two sell walls left at $0.000143 and $0.00028. If they break through, there will be no more resistance. The real bull market will begin.”
â CW (@CW8900) from Twitter
Translation: Two significant sell walls remain at key price levels, and breaking through them could lead to a significant upward trend.
FLOKI is currently trading around $0.00013, still down approximately 60% from its peak price, indicating potential room for growth should it reach those previous levels again. Investors are eyeing the heavy sell wall at $0.000143, and if reached and surpassed, FLOKI may have a free run towards the next resistance at $0.00028.
With positive momentum in FLOKI’s trading patterns and ongoing product releases, there are strong indications of a possible new all-time high in the future.
