3 Reasons Floki Inu Price Could Show It Is More Than A Memecoin

    Crypto Market News: After the recent addition to zero fees trading on crypto exchange Binance, Floki Inu price showed massive jump, although it did not sustain for much long. Earlier, CoinGape reported that Binance listed another memecoin Pepe Coin (PEPE) and FLOKI in the innovation zone. The addition came amid renewed demand for the memecoin category in the crypto market, while PEPE Coin rose steadily to become the 57th ranked cryptocurrency by market cap.

    Also Read: Expert Shares Bitcoin, DOGE, PEPE Investing Strategy At Bloomberg Event

    Following the recent demand after Binance listing, Floki Inu price stands a chance to breach the $0.0000685 neckline resistance, CoinGape price analysis revealed. On the other side, PEPE Coin too displayed some correction after the sudden spike with the Binance listing.

    The Floki Ecosystem

    The Floki Inu developers claim to be developing a three pronged solution to expand its reach in the crypto market. The Valhalla Play To Earn game allows gamers to earn by playing blockchain games. The project is set to go live on mainnet sometime later in 2023. The memecoin is also focused on the Decentralized Finance (DeFi) game. The FlokiFi DeFi ecosystem is focused on creating useful DeFi solutions. Besides, the University of Floki crypto education platform powers new entrants with teachings on the crypto market. More importantly, all these three offerings are powered by the $FLOKI token, which could potentially unlock new sources of liquidity if they gain more traction.

    Overall, Floki Inu is also influenced by Tesla CEO Elon Musk, who recently shared a post that described Floki as the “new CEO of Twitter.”

    Also Read: Terraform Labs Moves Tokens Worth Millions A Year After Terra-LUNA Crisis

    Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Reach out to him at [email protected]

    The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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