FLOKI sets new record, but here’s a meme coin to consider instead
FLOKI has reached a new all-time high, surpassing $0.00034 before stabilizing around $0.00032. This surge was triggered by news of a $12 million investment from DWL Labs. As an alternative to this popular meme coin, Galaxy Fox (GFOX) is emerging as a potential low-cap option.
The FLOKI price soared to new heights today, breaking through $0.00034 and then settling just below that level. This increase of over 30% was fueled by the announcement of a $12 million investment in the project by DWL Labs.
Analyzing the FLOKI Price
According to altFINS, the FLOKI price is in a strong uptrend following a breakout from a descending channel. It surpassed the previous all-time high of $0.000316 and continued to rise, indicating that buyers have absorbed the supply from sellers at this level. The next potential resistance levels based on Fibonacci extension levels are $0.00034, $0.00036, $0.00039, $0.00044, and $0.00056. Traders should monitor these levels for potential resistance.
The breakout of resistance is a bullish signal, indicating that buyers have overcome the selling pressure. Overdose, a popular crypto trader, expressed excitement over FLOKI’s price surge on social media, highlighting the positive factors driving its momentum.
Galaxy Fox (GFOX) – A Promising Meme Coin
While FLOKI has been grabbing headlines, Galaxy Fox (GFOX) is another meme coin worth considering. Despite initial technical challenges, GFOX has a market cap of around $500,000 and an active community. The release of the final 25% of presale tokens is expected to benefit the community.
Galaxy Fox offers a web3 endless runner game where players can earn GFOX tokens based on their performance. The game includes NFT assets that players can purchase for attribute boosts, creating a rewarding gaming experience. Stakers can earn a 20% APY on their GFOX tokens for the first 30 days post-launch.
In conclusion, FLOKI’s price surge is driven by investment and meme coin sentiment, while Galaxy Fox (GFOX) presents a compelling opportunity with unique features and a dedicated community. Projects like GFOX offer value and potential for growth in the meme coin sector.