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20 May 2024
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Floki Inu Price Rallies: Driven by Multiple Developments

Floki Inu Price Rallies: Driven by Multiple Developments

  • Floki Inu currently trades at $0.0002195, an increase of 11.24% in a day. 
  • Binance Thailand and Revolut listed FLOKI, driving the price.

Floki Inu (FLOKI), a dog themed memecoin, has been making significant progress in the cryptocurrency market, with its price surging over 14% in the last 24 hours and crossing the resistance level of $0.0001790. 

During writing, Floki Inu trades at $0.0002195, an increase of 11.24% in a day. The price has surged by 27.26% in a week and 44.92% in the last month. 

Significant Listing on Key Exchanges

FLOKI was listed on Revolut, a popular neobank and fintech platform which offers cryptocurrency trading services. It aligns with the goal of becoming a widely accepted and utilized cryptocurrency, and it paves the way for facilitated growth within the European business community. Besides, it initiated a surge in demand for the token.

The Revolut listing acts as a primary catalyst to the surge of Floki Inu, and that may lead to a surge in price and trading volume as more people tend to invest in this memecoin. The rally also likely took into consideration the market sentiments and other developments of Floki Inu.

Moreover, FLOKI secured listing on Binance Thailand, the leading crypto exchange, expanding in diverse regions, including the markets of Asia. This listing creates a bullish sentiment among the FLOKI army. 

The asset has made an impact in Thailand and is expected to make a massive spike in trading. Binance Thailand is a regulated exchange and operates under the Ministry of Finance of Thailand and supervised by the Office of Securities and Exchange Commission. Therefore, The memecoin is well protected and can be traded liberally in Thailand via Binance Thailand. 

Furthermore, FLOKI DAO proposed a huge burn of 15 million FLOKI tokens worth $2.8 million, which could further lead to new highs. This strategic move is anticipated to reduce the overall supply of FLOKI, possibly driving up its value in the long run. 

On the other hand, the memecoin has gained a hold by joining Bitpanda’s Meme Coin Leaders Index, contributing to the flourishing optimism within the market. Bitpanda, a prominent multi-asset exchange based in Europe confirms the inclusion of the memecoin into its prominent index.

Highlighted crypto news of the day: 

U.S Spot Bitcoin ETF Sees $100.5M Inflow, Boosting Investor Confidence

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