Dogecoin and Shiba Inu Give Way to NinjaFloki

Dogecoin and Shiba Inu have been hit especially hard by the falling global market cap, forcing these tokens down in tandem with apex currencies like Bitcoin and Ethereum. However, NinjaFloki has been soaring as there is a gap in the market that can be filled with tokens that trade at a fraction of a penny. Named for Elon Musk’s dog, NinjaFloki is up over 300% in the last 24 hours, gaining more than 300% against Bitcoin and Ethereum and remaining up more than 47% since 2022 began. Interestingly, in the last 7 days, NinjaFloki has lost more than 64% and more than 53% in the last 30 days. The token has been able to surge through the marketplace, but it is not nearly as popular as Dogecoin or Shiba Inu, and there is no guarantee that it is going to continue to climb for many months to come. The project behind NinjaFloki calls itself a gaming-based passive income platform that rewards its holders in Binance USD. Plus, the token announced on Wednesday that it would have good news coming next week, presumably its first play-to-earn game. At press time, NinjaFloki was up over 148%, still trading at a fraction of a penny on a flat market cap and rising volume.