This Coin Named After Elon Musk's Pet 'Floki' Is Up Over 740% Today Even As Dogecoin And Shiba Inu Trade Muted

Even as Dogecoin DOGE/USD and Shiba Inu SHIB/USD traded muted as of Sunday night, one of the knockoff coins named after Tesla Inc. TSLA CEO Elon Musk’s pet dog Floki continued to see strong gains from last week.

What Happened: NinjaFloki NJF/USD is up 746% during the past 24 hours, trading at $0.0000551 at press time. The coin — the top gainer among all cryptocurrencies as CoinMarketCap data — has surged more than 740% against Bitcoin and also gained over 730% against Ethereum, extending its strong gains from last week.

For comparison, Dogecoin is down 0.4% during the past 24 hours, trading at $0.1512 at press time. Shiba Inu, the self-described “Dogecoin killer,” has risen almost 2% over the 24-hour period to $0.00002832.

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 token noted Sunday on Twitter that it was surging even as other major cryptocurrencies were falling.

#BTC
#BNB
#EHT
#DOGE
#FLOKI
#NJF

NJF rises as they all fall! So, aren't you tired of the falls? Now is the time to ascend.

JOIN US!https://t.co/vTSjhHvfIa

CONTRACT!
0xf1968d4113e87e88cf50e6f0e1820dcbd29c4a90

— NinjaFloki - #PLAY2EARN (@ninjaflokitoken) January 8, 2022

Read Next: Bitcoin Will Outpace Stocks In 2022 Amid Fed Rate Hikes: Report