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 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
Spot Bitcoin ETFs saw nearly $3.3 billion in net inflows last week, the 2nd largest…
Michael Saylor hinted that Strategy would not be making its routine Bitcoin purchase this week.…
Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…
ASTER has announced that the roadmap for its second airdrop phase is set to begin…
El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…
The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…