The official Twitter account of FLOKI, the highly popular cryptocurrency, recently announced a game-changing strategic partnership with BitGo, a renowned financial services provider specializing in digital asset management and crypto custody solutions.
With BitGo boasting an impressive portfolio of over $64 billion in assets under management, this collaboration is set to have a monumental impact on the future of the coin.
BitGo’s position as the primary crypto custody solution for some of the industry’s leading exchanges, including Robinhood, Coinbase, Fidelity Digital, Bitstamp, Rain, and Bitbuy, speaks volumes about the company’s credibility and trustworthiness.
Backed by esteemed investors such as Goldman Sachs, Jump Capital, Redpoint, and Galaxy Digital, BitGo has emerged as a prominent force within the crypto ecosystem.
The strategic partnership between them holds immense potential for the widespread adoption of FLOKI among both retail and institutional investors.
By leveraging BitGo’s extensive network and cutting-edge crypto custody solutions, it aims to revolutionize the way investors engage with and transact in the digital currency space.
Moreover, in another exciting development, BitGo announced via their official Twitter account that FLOKI is now live on their platform.
The tweet expressed enthusiasm about the collaboration, stating:
We’re excited to work with FLOKI to offer FLOKI wallet support. Our clients can now securely hold their FLOKI tokens within the confines of their BitGo wallets.”
With this latest integration, BitGo users can now conveniently manage their FLOKI holdings, enjoying the peace of mind that comes from entrusting their valuable assets to BitGo’s reliable custody solutions.
FLOKI Price Analysis
Following these developments, there has been a notable positive influence on the coin’s trading status. Presently, the coin is being traded at $0.00002648, exhibiting an increase of approximately 9.90%, while the trading volume has surged by 15.93%.
However, technical analysis suggests a bearish trend in the long term for the coin. Consequently, it is predicted that the price will decline by $0.00000015 over the course of the next 7 days, ultimately reaching $0.00003 by July 13th, 2023.
In the short term, employing a machine learning algorithm indicates that FLOKI is presently undergoing a bearish trend. Therefore, investors should anticipate a slight decrease in value within the next few hours.
Related Reading | Shiba Inu Introduces Shibapendence Day, Paving the Way to a Decentralized Future