In 2023, Floki Inu Surpasses Shiba Inu, Dogecoin, and Dogelon Mars Prices
Floki Inu has emerged as one of the best-performing meme coins in the cryptocurrency market in the past few weeks, outperforming other tokens like Dogelon Mars, Shiba Inu, and Tamadoge. Its token is valued at over $364 million, making it the 104th biggest cryptocurrency in the world and the third-biggest meme coin after Dogecoin and Shiba Inu. FLOKI has jumped by 23% in the past five days and surged by more than 400% year-to-date.
The main reason why FLOKI is doing well is that its ecosystem is thriving. Unlike other meme coins, Floki has invested in key industries like gaming, decentralized finance, and non-fungible tokens (NFT). Its Valhalla is a play-to-earn NFT metaverse that has some traction among users. FlokiFi is a DeFi platform that has seen its total value locked jump to over $38 million, and Floki Inu owns Floki Places, a platform where users can trade NFTs.
Floki Inu has made several headlines in the past few days, including being listed on the WazirX exchange in India, having its perpetual futures enabled on the Bybit exchange with leverage up to 12.5x, and being integrated into the InvestDex trading platform.
The daily chart shows that the Floki price has been in a strong bullish trend this year, remaining above the 100-day exponential moving average and forming a three white soldiers pattern. There is a likelihood that the coin will continue rising as buyers target the next key resistance level at $0.000050, which is about 23% above the current level. A drop below the current level at $0.000033 will invalidate the bullish view.
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