Floki (FLOKI) is up 230% in the past week as meme mania hits the crypto market amid Bitcoin’s recent swing to $64k.
As the FLOKI community bids for an extended rally, investors have their eyes on emerging token Bitcoin Dogs. The crypto gem has raised more than $6.3 million just two weeks after becoming the first-ever crypto ICO on the Bitcoin blockchain.
FLOKI surges as proposal to burn 190 billion tokens passes
Floki Inu is one of the top trending meme coins today, soaring alongside dogwifhat (WIF) to help the sector’s market cap rise to $44 billion. That includes a 38% spike in the past 24 hours.
According to data from CoinGecko, Floki’s current price is up 70% over the last 24 hours. In the past week, the meme coin’s value has soared 263% and its 358% in 30 days. The Floki market cap has increased 75% in 24 hours to $1.27 billion as the meme rallies alongside DOGE and SHIB.
While the FLOKI ecosystem has seen rapid expansion in recent months, the latest price surge comes as the project looks to implement a major token burn.
On March 2, the Floki team announced that a recent proposal to burn more than 190 billion had passed. The tokens, accounting for 2% of circulating supply, will now be permanently removed from circulation in a week’s time.
The Floki team notes that the burn will not just impact the project’s supply, but is set to strengthen meme coin’s network security.
At the time of the proposal, the 190 billion FLOKI was worth $11 million. With the price posting a stunning upside since, the value has more than doubled to $24 million.
What is Bitcoin Dogs and why is it trending?
Bitcoin Dogs is a project that seeks to bring man’s love for the dog to the world of blockchain and crypto. The team have chosen to have this game and NFT platform leverage the security and reliability of Bitcoin (BTC).
0DOG token is the governance and utility token of the Bitcoin Dogs ecosystem that will comprise a metaverse club and 10,000 unique NFT collection. The BARK token will power in-game transactions.
While the native token is a BRC-20 token, Bitcoin Dogs aims at moving being the experimental token standard to create a complete ecosystem. On Bitcoin Dogs, one can have fun as they earn. It’s a Tamagotchi-inspired game on Bitcoin.
With 0DOG, one can trade, collect, race and earn.
Is the Bitcoin Dogs presale an opportunity?
The interest and excitement investors are showing since the project’s pioneering ICO landed is astounding.
In just over two weeks, investors betting on the future of Bitcoin have taken positions in the 0DOG presale. So far, early bird bids total more than $6.3 million and only 12 days remain before the Bitcoin Dogs (0DOG) presale ends.
Meanwhile, experts are predicting a monster rally for Bitcoin in coming months. Spot ETFs, Bitcoin’s halving and growth for layer-2 networks on Bitcoin are key narratives and themes. Given Bitcoin Dogs’ position with this ecosystem, the potential for 50x, 100x upside is highly likely.
0DOG price is $0.0281 in the current stage, still heavily discounted.
