Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Madhukumar Warrier

This Play-To-Earn Coin Named After Elon Musk's Pet 'Floki' Is Up Over 800% Today Even As Dogecoin And Shiba Inu Slump

Some of the Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) knockoffs are seeing strong gains as of Tuesday night even as Dogecoin and Shiba Inu tumbled, with one coin surging more than 800%.

What Happened: NinjaFloki (CRYPTO: NJF) is up 828% during the past 24 hours, trading at $0.00001039 at press time.

The coin — the second-biggest gainer among all cryptocurrencies as per CoinMarketCap data — has surged more than 820% against Bitcoin and also gained over 840% against Ethereum.

Floki is the name of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's pet Shiba Inu dog.

For comparison, Dogecoin is down almost 4% during the past 24 hours, trading at $0.1656 at press time. Shiba Inu, the self-described “Dogecoin killer,” has also lost almost 4% over the 24-hour period to $0.00002812.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: NinjaFloki says it is a gaming-based passive income generating cryptocurrency that rewards its holders in Binance USD.

The project behind the token says it is continuing to work on game development and recently shared the demo of its first play-to-earn game.

The token announced on Twitter that it will soon launch its non fungible token (NFT) characters.

Read Next: Where Will Bitcoin Be In 5 Years? Why Cathie Wood's Ark Invest Predicts Massive Growth And Adoption

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.