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.
Are you curious about our NFT characters? Get ready to see it very soon.
— NinjaFloki - #PLAY2EARN (@ninjaflokitoken) January 18, 2022
TG: https://t.co/vTSjhHvfIa
WEB: https://t.co/uXXmuKjuOZ
Contract
0xf1968d4113e87e88cf50e6f0e1820dcbd29c4a90#newtoken #bsc #PlayToEarn #gem #dogecoin #doge #floki #ath #BSCGem #BTC pic.twitter.com/GPVvIlk2pe
Read Next: Where Will Bitcoin Be In 5 Years? Why Cathie Wood's Ark Invest Predicts Massive Growth And Adoption
