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Floki Price Outlook: Could $0.002 Be Incoming This July and What About PlayDoge?

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Floki (FLOKI), one of the world’s largest meme coins, has been on a wild ride recently.

As we enter July, speculation is ramping up about whether FLOKI could break the $0.002 barrier this month – or whether the token will continue to trade sideways.

FLOKI Takes a Breather, But Still a Top-Traded Meme Coin

Let’s take a closer look at where FLOKI stands right now.

The token is currently camped out at $0.000173, taking a breather after its volatile price action in May and June.

Since mid-June, FLOKI’s been trading sideways while other meme coins have rallied.

Sure, the token is down 50% from its June 5 all-time high.

But zoom out a bit, and you’ll see it’s still up 97% since the beginning of 2024.

Not bad for a meme coin that attracts far fewer headlines than the likes of PEPE and WIF.

On the technical front, FLOKI’s been struggling with key moving averages.

It’s tapped the 200-day exponential moving average (EMA) for support but can’t seem to break through the 50-day EMA resistance.

That’s classic range-bound behavior.

But here’s where it gets interesting: spot volumes have surged 32% to $297 million, making FLOKI the 5th most traded meme coin.

And with open interest creeping up to $20 million, it seems traders are positioning themselves for a potential breakout.

Can FLOKI Hit $0.002 This Month?

So, can FLOKI hit the $0.002 mark this month?

Well, let’s break it down.

That would require a 16% jump in FLOKI’s price.

For most altcoins, that would be a sharp rally – but FLOKI has made that leap countless times in its lifespan.

In fact, the token even pulled off a rise like that in a single day back in May.

Recently, FLOKI’s team has been stirring the pot.

They teased a “leak” of their upcoming Play-to-Earn (P2E) game, which will launch later this year.

Not to mention, they just hosted an AMA where a key advisor reaffirmed their commitment to long-term development.

It seems the FLOKI team is intent on keeping the momentum going.

However, the meme coin market has been highly unpredictable in recent weeks.

Yet FLOKI has remained one of the most traded meme coins despite its wild price action.

If the token can remain above the 200-day EMA, using it as dynamic support, then $0.002 isn’t just possible – it might be inevitable.

Which Other Meme Coins Could Rally in July?

While FLOKI’s potential surge captures attention, it’s not the only meme coin looking bullish.

Let’s examine PlayDoge (PLAY), a newcomer that’s gaining traction in its presale phase.

Nostalgia Meets Crypto With PlayDoge – The New P2E Meme Coin

PlayDoge has had an incredible start to its life cycle.

But it’s not just another no-utility meme coin.

Picture this: remember those Tamagotchi pets from the ‘90s?

Now imagine one that’s a Doge, and instead of just keeping it alive, you’re also earning crypto.

That’s PlayDoge in a nutshell.

You feed it, play mini-games with it, and in return, you earn PLAY – PlayDoge’s native BEP-20 token.

It’s a mix between childhood nostalgia and crypto rewards.

Yet there’s much more to PlayDoge than just the P2E game.

The PlayDoge ecosystem also has a staking protocol, with annual yields estimated at 111%.

Over 169 million PLAY tokens have already been locked in this staking protocol – before the project’s official launch.

And with 12% of the total token supply set aside for staking rewards, the developers are clearly focused on passive income.

As it stands, PlayDoge’s presale has raised over $5.3 million in early funding.

PLAY tokens are priced at $0.00515 each in the presale, but this price will increase every few days, encouraging investors to get in early.

Members of PlayDoge’s Telegram channel are buzzing about this discounted entry price.

If the project can continue on its current trajectory, then there’s a solid chance it could also experience a bullish July, similar to FLOKI.

Visit PlayDoge Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Ripple (XRP) Dominates Ethereum (ETH) on This Front: Details

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TL;DR

  • According to Google data, Ripple’s native token has recently enjoyed a rise in worldwide interest, in addition to charting double-digit weekly price gains.
  • The ongoing legal battle between Ripple and the SEC may be nearing a resolution, with some experts predicting a settlement before the end of the summer.

XRP’s Achievement

Ripple’s XRP has been making the headlines lately due to its price appreciation in the past week or so. It spiked to a nearly four-month high of over $0.63 on July 18 before retracing to the current $0.60.

XRP Price
XRP Price, Source: CoinGecko

The token’s weekly surge is around 12%, thus outperforming Bitcoin (BTC) and Ethereum (ETH), whose gains for the same period are 6% and 3%, respectively.

Aside from these impressive increases, Ripple’s native token has garnered the attention of retail investors. Data from Google Trends shows that the “Ripple (XRP)” searches have surged in the past two weeks, perhaps due to the price increase, and have been dominating the queries for “Ethereum (ETH)” for nearly a month.

The countries most intrigued by XRP are Australia, South Africa, Belgium, Cyprus, and Switzerland.

Interest in XRP vs ETH
Interest in XRP vs ETH, Source: Google Trends

It is worth noting that the interest in ETH has been going up in the past few days and might soon reverse the current trend. A contributing factor for such a potential development could be the official launch of spot Ethereum exchange-traded funds (ETFs) in the United States and the hype surrounding the initiative.

The five products to begin trading today (July 23) are 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF.

The Ripple v SEC Lawsuit

Another element possibly fueling more interest in XRP is the progress of the legal battle between Ripple and the US Securities and Exchange Commission (SEC) and the rumors of an upcoming resolution.

The entities have been confronting each other for over three and a half years, with the case entering its trial phase in April. While its official end could be prolonged indefinitely due to possible appeals from both sides, some individuals suggested an outcome could be just around the corner. 

The American attorney Fred Rispoli set July 31 as a possible settlement date, while Jeremy Hogan believes the news might be announced before the end of the summer. Ripple’s CEO – Brad Garlinghouse – chipped in, too, saying a resolution is “very near:”

“The ruling has been clear from the judge. There is one final piece about these investment contracts sold to institutions. We expect a resolution very soon, but we can’t predict exactly when the judge will rule there.”

Those curious to learn about the case’s specifics and how it may impact the price of XRP, please check our dedicated video below:

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Robert Kiyosaki Says Bitcoin Will Hit $105K Next Year if This Happens

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Robert Kiyosaki, an American businessman and the author of Rich Dad Poor Dad, has projected $105,000 as the new bitcoin price for August 2025. He explained that this predicted price would hold water if the United States presidential candidate, Donald Trump, wins the election in November.

The financial guru cited Trump’s goal to weaken the U.S. dollar as the driving force behind the price speculation. Weakening the country’s sovereign currency is achieved when the Fed lowers interest rates, making the U.S. dollar cheaper when exchanged for foreign currencies. Such actions make imports more expensive, and export becomes more affordable.

Weakening the Dollar Will Boost BTC Price

Kiyosaki explained that Trump would explore oil drilling in the country if elected, as opposed to the current president’s action of shutting down the Keystone XL Pipeline, a move that saw oil’s price jump from $30 to $130 per barrel.

The idea is that a weakened dollar and an increase in oil drilling will create more local jobs and allow American citizens to invest more in assets like gold, silver, and bitcoin.

The author summed up the impact this weaker dollar will have on the country’s economy:

“A weaker dollar will increase exports, create jobs, open new factories and make gold, silver, bitcoin, stocks, and real estate, rise in price.”

Recall that Kiyosaki had previously predicted that BTC would hit $350,000 next month, referencing the U.S. leaders’ incompetence. He had also shared multiple price speculations in the past.

Can Bitcoin Achieve Such Feat?

In March 2024, BTC attained its current price high of $73,700. Since then, the leading cryptocurrency has dropped to a $54,000 price range. Although the asset sat at $66,700 at press time, it remains uncertain if it will see a sudden surge soon.

Still, investors are confident that BTC will break $100,000 and see new price heights within the following year.

However, the asset has reacted well to positive developments on the political US front related to Donald Trump. The former skeptic and critic changed his tune during the 2024 election campaign and has now become the self-proclaimed ‘crypto’ candidate. The failed assassination attempt against him earlier this month was among the examples of gains for bitcoin.

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Impossible Cloud Network Reveals Strategic Roadmap for Decentralized Cloud Platform

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[PRESS RELEASE – Hamburg, Germany, July 23rd, 2024]

Pioneering the Future of Decentralized Cloud with real-world demand, Utilizing SLA Oracles and enterprise-grade hardware from top providers, ICN is building a decentralized multi-service cloud platform.

Impossible Cloud Network (ICN), a decentralized cloud ecosystem with roots in Web2, has revealed its roadmap for an open, multi-service platform. Competing with giants like AWS, GCP, and Microsoft Azure, ICN connects hardware providers, service providers, and monitoring nodes through the ICN protocol.

The protocol is designed to balance supply and demand in a blockchain-based marketplace, ensuring efficient scalability and minimal subsidies. ICN’s architecture includes hardware for scalability, services for composable innovation, and monitoring for trust. ICN aims to support a variety of cloud services, including storage and GPU compute, offering comprehensive solutions for diverse business needs. With Impossible Cloud GmbH as the first service provider, the platform has already proven that it can facilitate revenue generation by delivering reliable services with industry-leading performance.

Impossible Cloud has previously secured €17 million in funding from renowned Web3 and Web2 investors including 1kx, HV Capital, Protocol Labs, very early Ventures, LBBW VC and TS Ventures.

Newly released Litepaper now available

The Litepaper of Impossible Cloud Network (ICN) is now released – covering an in-depth overview of ICN’s vision and development plans. The document outlines the technical and strategic milestones guiding the platform’s evolution, including key features, architectural design, and future prospects. A particular focus is on SLA Oracles, which are essential for monitoring and ensuring the performance and reliability of the network for the business customers.

Kai Wawrzinek, CEO & Founder of ICN, states:

“Our architecture has a multi-layered approach: The Hardware Layer ensures unprecedented scalability through decentralized hardware contributions. The Service Layer facilitates composability, allowing open-source software to integrate into larger constructions. Lastly, the Monitoring Layer, composed of SLA Oracle nodes, establishes a layer of trust with verifiable proofs to tackle the DePIN verification problem.”

Users can find out more in the newly released Litepaper here.

Significant milestones with key partnerships and a growing ecosystem

Recently, Impossible Cloud Network (ICN) played a key role in the inception of the DePIN Association alongside other founding members such as peaq, IoTeX and DePIN Hub. This association aims to expand and accelerate DePIN adoption through education, events, and strategic collaborations. ICN has also announced strategic partnerships with leading hardware manufacturers such as Supermicro and pioneering DePIN projects at the forefront of the industry such as Witness Chain.

During a keynote address at EthCC, ICN showcased its innovative solutions and strategic vision for the future of decentralized cloud. The event highlighted ICN’s commitment to building a robust ecosystem through these significant partnerships. Christian Kaul, COO & Co-Founder of ICN, stated:

“We’re excited to present our vision at EthCC and believe that our innovative approach will set new standards in the cloud services industry. The strength of our ecosystem is crucial as we work together to revolutionize the open cloud, ensuring a mutually beneficial platform for innovation.”

These developments signal strong support from the Web3 and DePIN community, underscoring ICN’s potential to make real-world connections and bring decentralized projects to the forefront of the industry landscape. ICN invites forward-thinking projects, developers, and investors to join their mission to revolutionize the cloud industry.

For more details on ICN’s ecosystem and strategic plans, the newly released Litepaper here provides an in-depth overview.

X – https://x.com/ICN_Protocol

Discord – https://discord.gg/icn-protocol

Telegram – https://t.me/ICN_Protocol

About ICN

Impossible Cloud Network (ICN) is a decentralized cloud platform that connects enterprise-grade hardware with cloud service providers while leveraging SLA oracles for uncompromised performance or service quality. ICN already has service providers leveraging the platform with hundreds of business customers and real-world revenue, proving the performance and reliability of the platform.

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