Dogecoin may be the world’s biggest meme coin, but it has a number of other doge meme tokens lapping at its heels. None are barking louder right now than Floki Inu, which is up nearly 70% in the past month compared to only an 18% gain for $DOGE.
We’ll compare Floki vs Dogecoin to help traders decide which is the better meme coin to buy today—and take a look at a new doge token, PlayDoge, that has the potential to upend them both.
$FLOKI vs $DOGE – A Race for Gains in the Crypto Bull Market
Floki and Dogecoin are locked in a race for dominance of the meme coin market. Dogecoin has always held the mantle and boasts a massive $24 billion market cap. But Floki—currently the 5th-largest meme coin with a market cap of $2.6 billion—has seen some of the biggest gains of any Ethereum-based meme coin in the last few weeks.
Since the start of May, Floki has gained 65.6%, with 24% of that gain in the last 7 days alone. It’s trading with $775 million in daily volume, roughly one-third of its market cap. That’s a lot of momentum behind $FLOKI that should help the token keep posting gains for the foreseeable future.
Dogecoin has also been gaining, but not nearly as fast. $DOGE is up 18% in the last month, but only 1% in the past week. Sideways trading seems to be setting in, which at first glance would appear to limit traders’ opportunities for gains in the near future.
But looking back at the past month doesn’t tell the whole story. Crypto analyst Mags, with more than 77,000 followers on X, predicted that $DOGE’s sideways movement is the beginning of a parabolic movement upwards. According to his analysis, Dogecoin could rocket over $1 and produce a 7x return.
$DOGE about to go parabolic..
— Mags (@thescalpingpro) May 25, 2024
Last cycle, I shared Dogecoin before it went up by 170x.
I've been accumulating Dogecoin for the past few months and my bags are loaded.
I'm expecting a 7x return this cycle. See you at $1+ 🫡 pic.twitter.com/OeXdDMpJDZ
In contrast, the most bullish analysis for $FLOKI—from crypto analyst Javon Marks, who has 39,000 followers on X—predicts a 75% gain. That’s a significant opportunity, but it pales in comparison to the potential growth in Dogecoin’s price.
$FLOKI (Floki Inu) prices are CLIMBING here with MAJOR STRENGTH after holding a Bullish Pattern and has just broken above a key level @ $ 0.00027615 that has now brought $0.00054673 into play!
— JAVON⚡️MARKS (@JavonTM1) May 27, 2024
Out of this pattern we can watch for $0.000306+ to come in before an additional +75%… https://t.co/u46KfyCQcZ pic.twitter.com/WQpMai1wfn
The upshot for meme coin traders is that both Dogecoin and Floki appear poised to take advantage of the crypto bull market with strong moves to the upside. But traders who are willing to look beyond the two tokens’ recent momentum are likely to find that Dogecoin is still king and offers the best play for meme trading gains.
Enter PlayDoge, a New Play-to-Earn Doge Meme Coin with Explosive Potential
Gains in both Dogecoin and Floki Inu could be eclipsed by the explosive growth of a new doge meme coin that just launched its ICO. PlayDoge, a play-to-earn game that rewards players for caring for a companion doge and completing adventures, has raised more than $320,000 in the first 24 hours of its presale.
That’s an impressive haul that signals investors, meme traders, and crypto gamers are very excited about the new $PLAY token. If PlayDoge’s momentum keeps up, it could be one of the biggest meme coin launches of the year.
PlayDoge is loosely based on the 90s-era companion pet game Tamagotchi, which sold more than 82 million units. PlayDoge is updating the game for the modern era, offering mobile apps, improved graphics, and a play-to-earn rewards system built around its $PLAY token.
All of this makes PlayDoge more engaging and more accessible to a global audience than Tamagotchi was, so the potential reach of this new game could be in the hundreds of millions of players. Crypto analyst ClayBro predicted that PlayDoge will be the biggest play-to-earn game in Web3.
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During the first round of the PlayDoge presale, investors can buy $PLAY at an 8% discount to the planned list price. Early investors can also stake $PLAY to earn 999% APY, an extremely generous rewards rate that enables investors to fill their bags with more $PLAY.
Don’t miss this chance to lock in the lowest price for $PLAY and get in early on what could be the most explosive doge meme token in 2024.
