Altcoin
Social Scoring System, Adopted in China, Now in Memecoins: FLOKI Whale Picks GEGG as Top Choice and Raves About the Project
In a world where cryptocurrencies are constantly evolving, GoodEgg (GEGG) is setting a new standard for meme coins by integrating a social scoring system. This innovation has been widely used in China and is now being brought to the crypto space through GEGG. As more projects aim to add utility and real-world applications, GEGG is attracting attention from major crypto investors, including whales from the Floki (FLOKI) community.
FLOKI’s Recent Rise and GEGG’s Unique Appeal
The meme coin market has been buzzing lately, with coins like Floki (FLOKI), Pepe, and Dogwifhat showing signs of strong bullish activity. FLOKI, in particular, has had a resurgence, bouncing 5% after months of bearish performance. Analysts believe FLOKI could be poised for a bull run, with whales starting to accumulate large sums of the coin in anticipation of further gains.
Despite the optimism surrounding Floki (FLOKI), one prominent whale has shifted focus to GoodEgg (GEGG). According to insiders, this whale has been raving about GEGG’s social scoring system and its potential to revolutionize the meme coin space.
Floki (FLOKI), which was trading at $0.000127 with a market cap of $1.22 billion, nearly 60% below its all-time high, presents an attractive buying opportunity. But GEGG’s innovative social scoring system is pulling investors in a new direction, offering something Floki (FLOKI) and other meme coins have yet to explore.
What Makes GEGG Stand Out?
GEGG’s social scoring system allows users to earn rewards based on their social interactions and contributions to the ecosystem. This decentralized system is similar to the one used in China, where citizens receive scores based on their activities and behaviors. In the GoodEgg (GEGG) ecosystem, users are rewarded with tokens for participating in the platform, making it a unique twist on traditional meme coins like Floki (FLOKI).
While FLOKI has built a strong community around its ecosystem, including the Valhalla game and FLOKI Places, GEGG’s social scoring system offers a new way to engage users. FLOKI whales, who have been accumulating Floki (FLOKI) in preparation for a bullish breakout, are now turning to GoodEgg (GEGG) as their top choice for the next big meme coin.
FLOKI’s Bullish Reversal and Whale Activity
Whales have been eyeing Floki (FLOKI) for its potential upside, with many believing that it could experience a major rally if Bitcoin continues its upward trajectory. FLOKI has been trading within a cup and handle pattern, a classic bullish indicator that suggests a significant breakout could be on the horizon. Whales have increased their holdings of FLOKI from 7.32 trillion tokens in August to 7.51 trillion by mid-September, showing confidence in FLOKI’s future.
Despite this, some of the largest FLOKI whales have already begun shifting their focus to GoodEgg (GEGG), recognizing its potential to bring a new dimension to the meme coin market through its social scoring system.
Will GEGG Overtake FLOKI?
GoodEgg (GEGG) has already made waves by selling 98% of its Stage 1 tokens in just 72 hours, indicating strong demand for the project. While FLOKI (FLOKI) continues to hold a strong position in the meme coin market, the growing interest in GEGG suggests that it could challenge FLOKI’s dominance in the near future.
The fact that whales from the Floki (FLOKI) community are diversifying their portfolios to include GoodEgg (GEGG) is a testament to the unique appeal of GEGG’s social scoring system. As more investors look for meme coins with real-world utility, GEGG’s combination of social engagement and cryptocurrency rewards positions it as a standout project in the space.
The Future of Meme Coins: GEGG’s Edge Over FLOKI
Meme coins have traditionally been driven by community engagement and social media hype. Floki (FLOKI) has capitalized on this by building a strong, loyal following, but GoodEgg (GEGG) takes things a step further by rewarding users for their participation through a decentralized social scoring system.
This shift towards utility and real-world applications is what sets GoodEgg (GEGG) apart from traditional meme coins like Floki (FLOKI). While FLOKI’s ecosystem continues to grow, its success largely depends on community sentiment and market conditions. On the other hand, GoodEgg (GEGG) provides tangible rewards for users’ interactions, giving it a more sustainable model for long-term growth.
Conclusion
In conclusion, while Floki (FLOKI) is still one of the top contenders in the meme coin space, GoodEgg (GEGG) is quickly gaining ground with its innovative approach. The FLOKI whale who has shifted focus to GEGG is not alone, many investors are beginning to see the potential of this new social scoring system, making it a strong contender for the next big meme coin. With 98% of its tokens sold in just three days, GoodEgg (GEGG) is proving that it’s not just another meme coin, it’s a project with real staying power.
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The broader altcoins market has entered a sharp correction today, but Pi Network price is looking the other way with 5% gains in the last 24 hours and moving past $0.85. This comes as a fresh relief rally after Pi Coin faced a steep 20% drop over the past week. Moreover, it seems that investors are looking beyond PI token unlocks along with slowing down exchange deposits.
Why Is Pi Network Coin Price Up Today?
As stated, the Pi Coin deposits to exchanges have dropped significantly, hinting at a potential shift in market activity. Over the past 24 hours, only 1 million PI tokens were deposited across exchanges, against the tens of millions of deposits in the previous week, PiScan data showed.
The most significant transaction during this period was a transfer between exchanges, with tokens moving from Bitget to Gate.io. This drop in deposits can lead to upward price pressure for the Pi Network Coin. As shown in the image below, the total PI balance on centralized exchanges is upwards of 352 million, with OKX exchange alone having 160 million in PI balance and Bitget exchange having over 81 million in PI balance.
Over the past month, the Pi Coin price has crashed all the way from the peak of $3 to now $0.82, eroding more than 75% of investors’ wealth. However, market analysts are still hopeful of its recovery to $3 if three main factors align.
- Mainnet Progress: The launch of a fully open Pi Mainnet could significantly boost demand for PI tokens.
- Exchange Listings: Expanded listings across major exchanges would enhance accessibility and liquidity. After much discussion in social media and despite high expectations, crypto exchange Binance has excluded Pi Network from its listing plan.
- Ecosystem Growth: The development of real-world use cases and strategic partnerships could further drive adoption and utility.
Eyeing Complete Decentralization
Pi Network could be eyeing complete decentralization while embracing crypto and Web3. This has been the latest buzz in the town, keeping investors curious.
π 🤝△
— diange (@Pi_diange) March 28, 2025
It appears to be hinting at a significant partnership that could reshape the crypto or financial landscape. The cryptic message above has sparked speculation about a collaboration between Pi and Web3 (symbolized by the triangle), potentially signaling a step toward a fully decentralized future.
As of press time, the Pi Coin price is trading at $0.831 with a market cap of $5.62 billion. With the current bounce back, the altcoin has broken out of the trendline formation over the past 14 days. If the PI price stays above $0.8340, it could stage a quick recovery to $1.
Altcoins Market Correction
The altcoins market has entered a steep correction today with top players like Ethereum (ETH), XRP, and Solana (SOL), correcting over 5% each. Crypto analyst Ali Martinez highlights a surge in stablecoin reserves across all exchanges, rising from $32.1 billion to $32.8 billion within the past 24 hours.
This sharp increase suggests heightened profit-taking activity in the cryptocurrency market.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The latest announcement from crypto exchange giant Binance has left investors speculating about the future prices of 4 tokens. On Friday, March 28, the exchange revealed enhanced trade offerings for MUBARAK, CZ’S Dog (BROCCOLI), Tutorial (TUT), and Banana For Scale (BANANAS31) tokens. Primarily, the CEX is adding these coins to the ‘Earn, Buy Crypto, Convert & Margin’ trading platforms.
In response, crypto market traders and investors also speculate over looming price gains due to enhanced market exposure brought by a top CEX.
Binance Bolsters Support For MUBARAK, CZ’s Dog, TUT, & BANANAS31
As per an official release, Binance is integrating the abovementioned tokens to the ‘Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest’ trading platforms. The enhanced trade offerings pave the way for more investor interaction with these assets, thereby welcoming funds.
Notably, MUBARAK, BROCCOLI, TUT, and BANANAS31 flexible products were listed on the CEX as of March 28 at 02:00 UTC. Users can now avail of the subscription facility for these assets on the platform. Auto-Invest services for the same are to commence on March 29 at 10:00 UTC.
Also, the exchange’s enormous user base can buy these tokens via VISA, MasterCard, Google Pay, Apple Pay, and Revolut. Users can also trade it using account balances on the ‘Buy Crypto’ division.
Overall, these enhanced offerings magnetize investors from across the globe with emerging market opportunities, thus offering a money influx into the coins. Historically, such offerings on top crypto exchanges have proved bullish for crypto assets in the long term.
Other Offerings For These Coins On Binance
Binance also revealed that starting March 28 at 05:00 UTC, users can trade these assets on the ‘Convert’ division. This means users can trade the coins against BTC, USDT, and other assets available on the platform at zero fees.
Simultaneously, MUBARAK, TUT, and BANANAS31 will be added as new borrowable assets on Cross and Isolated Margin. Users can enjoy this trading facility starting March 28 at 04:30 UTC. Altogether, the stockpile of enhanced offerings ushers in a positive market sentiment for these tokens.
How Are The Tokens Performing?
CZ’s Dog price witnessed a remarkable 20% uptick intraday, reaching $0.06157. The crypto’s 24-hour low and high were $0.04978 and $0.08665, respectively. TUT price was up by a staggering 136%, reaching $0.03949. The coin bottomed and peaked at $0.01586 and $0.0587 intraday. Notably, the two tokens mentioned above witnessed remarkable gains in the wake of their spot listings and enhanced trade offerings on Binance.
However, BANANAS31 price crashed nearly 18% despite its listing. The token even hit a low of $0.005326. Additionally, MUBARAK price slumped almost 36% to $0.09671, defying market optimism. Its intraday low and high were $0.09159 and $0.158, respectively. While two of the coins mirror a bull run amid enhanced market support, two trade in the red zone.
What’s More?
CoinGape earlier reported that Binance completed its inaugural Vote To List program for these tokens. As a result, new trade offerings were unveiled today.
However, it’s worth mentioning that a few traders have sparked a speculative buzz with their MUBARAK coin transfers amid new listings. Soon after the announcement, three addresses deposited 22.15 million tokens to the leading exchange, per ‘ai_9684xtpa’ on X. If sold, two addresses could see over 100 times the profit, adding a layer of intrigue to the crypto’s price movements and insider trading speculations.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
An analyst on TradingView presented a technical outlook that contrasts with prevailing market sentiment, suggesting that Dogecoin is still forming the cup phase of a cup and handle pattern rather than completing the handle as many believe.
This alternative perspective frames the recent price movements not as a retest following a breakout, but as part of a much longer consolidation phase that began after Dogecoin’s 2021 peak. Nonetheless, the consensus is the same, and this setup suggests that the Dogecoin price is about to recover towards $0.4.
Cup Formation Since 2021 Still In Progress
According to the analyst, the cup and handle pattern visible on Dogecoin’s chart has been developing for nearly four years, with price rounding off a wide base that stretches back to its previous all-time high. This interpretation diverges from the majority view, which argues that Dogecoin completed the cup structure, broke out of the neckline resistance late last year, and is now in the handle phase before another leg upward.
Instead, the current analysis argues that Dogecoin remains in the latter stages of the cup phase, with no handle formation yet confirmed, and that accumulation is still unfolding. Price holding above key exponential moving averages supports the idea that buyers are gradually building positions during this drawn-out bottoming process.
The resistance zone around $0.48 is seen differently in this analysis as only part of the cup formation. From this perspective, the breakout has not occurred, and any move toward $0.4 would be part of a continued upward grind into the neckline. This puts the focus not on handle formation or retest of breakout point, but on the development of a complete cup structure that could eventually set the stage for a classic handle and breakout rally.
Accumulation In Cup Phase To Push Dogecoin To New Highs
Many analysts have written off Dogecoin’s recent pullback as part of a handle retest following a breakout, but this technical setup implies that the price is still climbing toward a breakout point that is yet to be reached. Based on this outlook, a move toward $0.4 could serve as part of the final uptrend in the cup structure, after which a handle might finally take shape.
If the pattern plays out as described, Dogecoin could see short-term gains before pausing for consolidation at higher levels between $0.4 and $0.5. The real breakout above the neckline resistance is above these levels, before a subsequent handle formation.
Nonetheless, the most notable price level to watch for a true confirmation of the bullish continuation is $0.48. At the time of writing, Dogecoin is trading at $0.1967. The past 24 hours have been characterized by a brief break above $0.2, which is currently the most significant short-term price resistance to overcome.
Featured image from Adobe Stock, chart from Tradingview.com
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