Floki Inu, a memecoin with a dog theme, has been making significant strides in the cryptocurrency market. Its price has surged by over 14% in the past 24 hours, surpassing the resistance level of $0.0001790. Currently, Floki Inu is trading at $0.0002195, representing an 11.24% increase in just one day. Over the past week, the price has risen by 27.26%, and in the last month, it has soared by 44.92%.
The recent listing of FLOKI on Revolut, a popular neobank and fintech platform that offers cryptocurrency trading services, has played a major role in driving up the price. This listing aligns with the memecoin’s goal of becoming widely accepted and utilized in the cryptocurrency market, particularly within the European business community. It has also sparked a surge in demand for the token.
The listing on Revolut has acted as a primary catalyst for the rise of Floki Inu, potentially leading to an increase in both price and trading volume as more investors flock to this memecoin. The rally also takes into account market sentiments and other developments surrounding Floki Inu.
In addition to the Revolut listing, FLOKI has also secured a listing on Binance Thailand, the leading crypto exchange. This expansion into diverse markets, particularly in Asia, has created a bullish sentiment among the FLOKI community. Binance Thailand is a regulated exchange operating under the Ministry of Finance of Thailand and supervised by the Office of Securities and Exchange Commission, ensuring that the memecoin is well-protected and freely tradeable in Thailand.
Furthermore, FLOKI DAO has proposed a significant burn of 15 million FLOKI tokens, equivalent to $2.8 million. This strategic move is expected to reduce the overall supply of FLOKI, potentially driving up its value in the long run.
On another note, Floki Inu has gained recognition by joining Bitpanda’s Meme Coin Leaders Index, contributing to the growing optimism within the market. Bitpanda, a prominent multi-asset exchange based in Europe, has confirmed the inclusion of the memecoin in its prestigious index.
In other crypto news of the day, the U.S Spot Bitcoin ETF has seen a significant inflow of $100.5 million, boosting investor confidence.
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