FLOKI eyes 120% rally as Valhalla launches $10K giveaway after explosive weekly growth

• Floki Inu’s metaverse game has hit over 100,000 Veras minted since the June 30 launch.
• Valhalla has announced a $10,000 giveaway for early players.
• FLOKI’s weekly chart signals an explosive rally after prolonged declines.

Meme coins are stealing the show as Bitcoin tests $109,000, trading at $108,955.

Meanwhile, FLOKI appears poised to lead the potential bull run as its metaverse game, Valhalla, sees explosive growth following the mainnet launch .

The game has seen over 100,000 Veras minted since the June 30 mainnet launch, marking a massive entry into the online gaming sector.

Further, the team has announced a $10,000 reward to celebrate this milestone.

Early players who complete the tutorials qualify for the giveaway.

The official announcement reads:

Valhalla launched with a BANG on opBNB mainnet on June 30th and has just passed the 100K minted Veras milestone. To celebrate, we’re giving away $10,000 in prizes to the earliest players.

These steps are crucial in attracting and retaining participants.

Meanwhile, analysts watch FLOKI’s price charts amidst the optimism.

A potential upside reversal pattern is emerging on the weekly timeframe after extended downtrends.

A confirmation could trigger explosive moves and propel the meme token’s price to the key resistance at $0.00019082.

That would mean an approximately 124% gain from Floki Inu’s current market price of $0.00008452.

Let’s check how FLOKI could attain such a remarkable rally as its ecosystem gains strength amid Valhalla hype.

Floki Inu ushers in utility with Valhalla

Valhalla was among the most-awaited upgrades by the meme token community.

It is beyond a game, representing a key foundation of Floki Inu’s long-term mission to transform into a utility-driven project.

That matches the broader trend, where market participants are opting for crypto ecosystems with real-world utility.

Valhalla gamers gather and battle with Veras, upgrade in-game assets and finally interact with other players.

It leverages opBNB to guarantee smooth gameplay and low fees.

That reduces entry barriers for new participants often turned off by expensive gas charges.

That positions the dog-themed crypto project to grab mainstream attention, which will likely fuel long-term growth.

The Floki Inu team has been consistent in delivering tangible value through launches like Valhalla, and the explosive activity surge shows the plan could be working.

FLOKI price outlook: massive rally impending?

Besides web3 gaming, Valhalla’s impressive growth has renewed sentiments around the native FLOKI.

The meme coin shows signs of life after prolonged dips.

It trades at $0.00008452 after gaining nearly 20% in the past week.

Source – Coinmarketcap

The bullish momentum follows the latest rebound from the support zone at $0.00003996.

Floki Inu used this foothold to support massive rallies in late 2023, and that could be materializing.

Continued Valhalla success and broad market surge could confirm a bullish reversal emerging on FLOKI’s weekly chart.

That might trigger explosive gains toward the first crucial resistance zone at $0.00019082.

That would mean an approximately 124% increase from the alt’s current price.

The next resistance is at $0.00023966, beyond which FLOKI could witness a full recovery to $0.00029775.

However, breaching $0.00003996 may cancel the bullish formation, catalyzing notable dips or sideways actions.