FLOKI Coin Price: Simon’s Cat Airdrop Gives Investors a New Boost / Source: Cryptonews
Investors in the Floki Inu meme coin have gained some additional momentum thanks to a significant airdrop of Simon’s Cat (CAT), a humorous and viral new meme coin, into Binance accounts. However, the price of FLOKI has not increased as a result.
According to TradingView, the price of FLOKI coin was last trading at $0.0001230, down less than 4% for the day.
An airdrop of CAT meme coins was recently given to Binance holders of FLOKI.
UPDATE: The $CAT Airdrop to $FLOKI Holders is Complete
— FLOKI (@RealFlokiInu) September 10, 2024
We are pleased to announce the successful completion of the Simon’s Cat ( $CAT ) airdrop distribution to eligible $FLOKI holders.
Qualified users were airdropped directly to their wallets on Binance, OKX, and on-chain based… pic.twitter.com/Wlq4QYY9YX
However, the FLOKI coin price is only about 10% higher than its recent lows of about $0.00011, which is not much for a meme coin like Floki, following Wednesday’s losses.
On the other hand, the FLOKI coin price has decreased by about 65% from previous annual highs.
Furthermore, the price of the FLOKI coin could decline.
This is due to the fact that FLOKI has in recent weeks consistently rejected resistance in the shape of its 50DMA.
That suggests the bears are in control of this market.
A retest of recent lows under $0.00010 is on the cards.
With the Floki coin price outlook downbeat, its no surprise that investors are looking at other meme coins.
Floki Coin Price Bearish – Could This Alternative Be Better?
Amid a bearish bias for the FLOKI coin price, a new meme coin project called Shiba Shootout (SHIBASHOOT) is receiving a lot of attention.
Shiba Shootout is a Wild West-themed play-to-earn (P2E) game that has already launched on Google Play and the Apple App Store.
Shiba Shootout is holding an ICO for its native SHIBASHOOT token in order to fund its continued development and marketing efforts.
Furthermore, the initial coin offering (ICO) was a great success, bringing in over $1.1 million.
#SHIBASHOOT is blasting off! 🌕🚀
— shibashootout (@shibashootout) September 11, 2024
We’ve officially crossed the $1.1M mark! 💰
The energy is electric, and we're just getting started! 🌟
Huge appreciation to our amazing community for making this possible! 🙌 pic.twitter.com/JkD0aucGcG
Given that numerous analysts and cryptocurrency influencers have predicted significant things for the token, it is not surprising that investors are scrambling to acquire SHIBASHOOT.
Popular presale analyst Jacob Crypto Bury thinks the coin has 10x potential in a recent YouTube video.
For the ICO, 35 percent of the SHIBASHOOT token supply has been set aside.
Meanwhile, an additional 20% has been set aside for rewards for presale investor staking.
Thus, a new meme coin project is underway. In addition to being one of the most promising P2E games available at the moment, SHIBASHOOT is a passive income powerhouse.
Per the project’s official website, presale investors can stake their tokens for a yield of around 858% APY.
Don't forget to stake your #Shibashoot tokens for a HUGE 856% APR!!
— shibashootout (@shibashootout) September 11, 2024
Watch the rewards accumulate before we launch sharpshooters!!!🤠 🤠 🔫 https://t.co/Fxf9PWP0gz pic.twitter.com/8JOtcoIYGm
At that staggering rate, a presale investor could double their SHIBASHOOT bag in just a few weeks.