Floki Inu has been making waves since its launch. One of the strangest and most intriguing phenomena in the cryptocurrency market has been dog-coins.
Dogecoin (DOGE) and Shiba Inu (SHIB) riled up the meme crypto revolution. These assets’ rising popularity paved the path for the development of related cryptocurrencies like Floki Inu [FLOKI], BabyDoge Coin, and others. The price was less important than these assets because they were being adopted first.
The majority of these assets struggled to make gains and are currently worthless. Even though the community has been considering these assets’ potential for development, several members have expressed worries over price stagnation. During a recent AMA, a key team member of Floki Inu made the decision to solve the issue.
The market as a whole is in severe hardship as a result of the bear market. One of the impacts was FLOKI. The meme currency has experienced a significant decline over the past three months.
This worrying occurrence has undoubtedly received a lot of attention. However, the core team of the network appears to be cut off by the same. A team member identified in the AMA as @100bviking on Twitter claimed that they were unconcerned with FLOKI’s short-term price movement. In fact, he said, “It doesn’t move us, and it certainly doesn’t distract us.”
He further added,
“That said, to answer the above question, macro sentiments over the past few months have been very bearish and crypto isn’t an exception. Ethereum will become 7 years old this year (meaning it has survived several bear markets) and is the second largest crypto asset in the world with countless of institutional investors and on every exchange in the world yet it’s down 80%.”
Additionally, he pointed out that the Floki Inu is not immune to the bears’ swings. However, they continue on with adoption as their main objective.
Listing on CEX, an essential to Floki Inu price
Despite the start of the bear market, assets like Shiba Inu have been able to attract listings. For Floki Inu, things weren’t the same. The community emphasized the importance of CEX listings in maintaining a cryptocurrency’s price and volume.
Regarding the same, the core team member mentioned that they were in discussions regarding listings with numerous CEXs. A few people are waiting for the bear market, while others have consented to list the altcoin right away. Therefore, there is no significant problem with the listing. At the time of writing, Floki was priced at $0.00000709 with a daily hike of 0.4%.