FLOKI has been one of the best-performing tokens over the past 24 hours. During this time, FLOKI has pumped by nearly 48%. At the time of writing, FLOKI was trading at $0.00001141. The meme coin is rallying amid positive developments surrounding its metaverse game.
FLOKI rallies 57% today
Meme coins have been performing quite well over the past 24 hours. The largest meme coin, Dogecoin, is up 70% over the past week to above $0.1. DOGE’s bullish rally stems from the completion of Musk’s Twitter purchase deal.
During the past 24 hours, FLOKI has traded between $0.00000729 and $0.00001187, showing high volatility in the token. This means that FLOKI has the potential to rally higher, given that the meme coin community tends to react to FOMC.
FLOKI’s trading volumes over the past 24 hours stand at over $6.7 million, a healthy volume for low cap cryptos. FLOKI has a market cap of around $107 million, making it the 239 largest cryptocurrency by this metric.
The price indicators show that there is still some neutrality in the sentiment despite the massive gains made over the past 24 hours. The RSI index currently stands at 53, which is neither in the overbought nor the oversold region. Nevertheless, if the buying pressure continues as traders rush not to miss out on the rally, the RSI could rise in the coming hours.
On the other hand, the Moving Average Convergence Divergence (MACD) line is currently above the signal line. However, the movement of the line indicates the likelihood that the buying pressure will subside and FLOKI will head lower.
Macro factors behind FLOKI’s gains
One of the reasons why FLOKI is gaining today is because of its Valhalla metaverse game. The testnet for this game launched earlier this year, with the full version scheduled to launch by the end of this year. The games’ livestream on Twitch shows substantial interest from gamers, which is bullish for FLOKI in the short and long term.
On the other hand, meme coins are up this morning following the massive gains made by the largest meme coin, Dogecoin. When Dogecoin is up, meme coins tend to mimic the trend, which could be behind FLOKI’s recent gains. Dogecoin is rallying after Elon Musk completed the Twitter acquisition deal.
New cryptos to buy today
If you are buying FLOKI today, you might also consider investing in these three new cryptocurrencies. These cryptos are packed with utility, and they are attracting interest across the crypto space.
One of these is Tamadoge (TAMA). Like FLOKI, TAMA is a meme coin. However, unlike other meme coins, TAMA has focused on utility by allowing the use of TAMA tokens within the Tamadoge metaverse that supports a blockchain gaming platform. The Tamadoge non-fungible token (NFT) drop is live, and it could be the biggest drop in the web 3.0 & crypto space.
Come & Join The #TamadogeArmy!
— TAMADOGE (@Tamadogecoin) October 27, 2022
The next token to explode is Dash 2 Trade. Dash 2 Trade is a crypto signals platform that will give investors access to tools to help them make informed investment decisions. The D2T presale has already raised over $3.1 million.
Thirdly, we have Calvaria. Calvaria is a blockchain gaming platform. Calvaria sets itself apart from other P2E gaming platforms by allowing players that do not own cryptocurrencies to access the game. The RIA presale is on stage 2, raising over 574,000 USDT.
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