Despite the overall bearish trend in the market, the Floki token has managed to stand out by registering a staggering growth in trading volume of about 162% in the last 24 hours. This unprecedented surge has caught the attention as the token continues to defy the odds in a challenging market environment.
Floki Inu is an ERC-20 token, representing another dog-themed meme coin that exists on the Ethereum (ETH) blockchain. According to its whitepaper, it is not just a meme coin but a movement created by enthusiasts and members of the Shiba Inu community who have given birth to this new cryptocurrency.
In addition to the impressive trading volume, the Floki token has also experienced a significant surge in the daily chart of about 15% earlier today before retreating slightly and currently holding on to a daily gain of 8%. However, the weekly chart still reflects a bearish trend with a loss of about 9.12%.
According to the latest data from CoinMarketCap, the price of the Floki token is currently at $0.00004389. This positive momentum has created excitement among traders and investors who are looking to capitalize on the token’s potential for further growth.
Despite this positive outlook of the token, CoinCodex provided a pessimistic projection for the short-term value of Floki Inu in 2023. According to their analysis, the coin may plummet to $0.00003359 by March 12th and then further decrease to $0.00003007 by April 6th.
FLOKI Token’s Price Driving Factor
FLOKI is on a roll once again. The token has been making headlines lately, and there are a variety of reasons why it is up today. One of the major reasons for the spike in the token’s value is the recent announcement that FLOKI/USDT trading is live on the Indian crypto exchange WazirX.
This means that investors can now buy, sell, and trade FLOKI in the USDT market of WazirX. This news has created a lot of excitement in the cryptocurrency community and has contributed to the recent surge in FLOKI’s value.
But that’s not all. According to a recent tweet by the popular crypto exchange KuCoin, the token is the second most searched crypto on their exchange in the past week, beating out other popular currencies like AGIX, DOGE, BNB, TRX, and MATIC. This is a testament to the growing popularity of the token among crypto investors and traders.
Moreover, the token is also trending on Twitter once again. The hashtag Floki is currently trending alongside other popular crypto-related hashtags like Bitcoin, Satoshi, Binance, and Mastercard. This is a clear indication that the token is on the radar of many crypto enthusiasts and investors.
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