Floki, the meme-inspired cryptocurrency, has recently encountered a downturn in its fortunes, with a notable 11% drop over the course of the last week.
However, there may be a reason for optimism on the horizon as BTCEX, a prominent crypto exchange, has unveiled its latest Launchpad Debuts initiative, featuring an airdrop of TOKO tokens.
This development has raised hopes that Floki is next in line to benefit from the exchange’s support, potentially sparking a rebound in the coin’s value.
According to the data from CoinMarketcap, the coin is currently trading at $0.00003232, with a dip of about 5% in the last 24 hours time period. Meanwhile, 24-hour trading volume and the coin’s market cap are also down by 41.02% and 41.02%, respectively.
Over the course of the past week, there has been a sharp decline in the value of a particular coin. Starting off at a high point of $0.00003999 per coin, the value has steadily dropped to a low of $0.00003133.
A recent analysis of FLOKI’s price trends predicted that the coin could reach a peak value of $0.0000682 in the near future, indicating potential growth in the market, as per the data from Digital coin price.
Furthermore, FLOKI’s price fluctuations suggest that investors may witness a dip of up to -$15.2% at the beginning of June 2023 before experiencing a substantial surge in value during the middle of the month.
However, according to forecasts, FLOKI’s price is expected to rise by an impressive $111.03% at its peak during mid-June. This positive trend is anticipated to continue towards the end of the month, with an estimated growth rate of $58.89%.
BTCEX: “FLOKI Next in Line”
BTCEX, a major player in the crypto exchange world, has made a significant announcement via a press release. The company has launched its latest offering, BTCEX Launchpad, a platform designed to serve as a one-stop destination for token launches and airdrops.
The platform will feature its first token, TOKO, and will launch an airdrop campaign for it soon. In addition, BTCEX will also run a FLOKI airdrop campaign on May 10, following the same process as the TOKO campaign. With this move, BTCEX aims to promote the adoption of FLOKI tokens further and expand its user base.
To participate in the TOKO airdrop campaign, BTCEX has introduced a pay-first, refund-after approach. After the campaign concludes, subscribers will receive automatic refunds of the amounts they subscribed to, deposited directly into their payment accounts.
Related Reading | Shiba Inu Leads The Pack: Global Interest In Meme Coins Soars In 2023