Floki Inu, a dog-themed token, has experienced a surge in price, reaching its highest levels since January 2022. CoinMarketCap’s data shows that Floki Inu’s market cap is over $328 million, making it the 216th biggest crypto in the world.
Musk’s Tweet Causes FLOKI to Jump
Elon Musk’s tweet featuring his Shiba Inu puppy caused Dogecoin’s price to skyrocket, and this tweet has also propelled Floki Inu’s price to surge. The official Floki Inu Twitter account thanked Musk “for this opportunity” and hinted that they saw it as a favorable sign.
The FLOKI price has risen 65.43% in the last 24 hours and 75% in the previous seven days, with a 176% growth in trading volume in the last 24 hours. Additionally, the market cap has risen by 65%.
It invalidated the double-top pattern that was forming, moving from a low of $0.00000815 to a high of $0.00005124 since the start of the new year. CoinGecko data shows that FLOKI experienced about 422.9% growth in the last 30 days, and during the previous 14 days, it managed to gain about 101.7%.
According to our current FLOKI price prediction from coincodex:
The value of FLOKI is predicted to rise by 11.50% and reach $ 0.00005952 by February 21, 2023. According to our technical indicators, the current sentiment is Bullish, while the Fear & Greed Index is showing 62 (Greed).
Kucoin & LunarCrush Listings Floki Inu
Kucoin, a major crypto exchange, has listed Floki Inu, and the token will be paired with USDT and USDC stablecoins, exposing it to over 27 million customers in 207 countries. The Floki Inu Twitter account called this “massive and one of the biggest Floki exchange listings” so far.
Floki Inu has also been added by LunarCrush, along with other popular meme coins such as SHIB, BNB, and Dogecoin. It is now available for trading among the first assets on the platform.
Overall, the surge in price has also been fueled by the sudden momentum in meme coins, which has been a hot topic among investors and traders. As the crypto market continues to evolve, it will be interesting to see how meme coins like Floki Inu perform in the coming weeks and months.
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