The weekly price of Floki Inu has increased by 145%
Floki Inu, a meme currency built on top of Binance's BNB chain, has recently made headlines. Among the big names in the meme coin space, such as Dogecoin and Shiba Inu, this dog-themed cryptocurrency stands out.
FLOKI has increased by 15% in the last 24 hours and 145% in the last week, according to CoinGecko. These recent price movements are the result of external factors that drove investors to flock to the token.
Floki Inu is one of the tokens with an overwhelmingly positive bullish sentiment, according to BSCDaily, a Twitter account dedicated to BNB Chain news.
Floki Inu is now available on KuCoin and Binance
FLOKI has been listed on a number of large exchanges as a result of its growing popularity. KuCoin, one of the market's leading exchanges, recently listed the token, with Binance following suit. As a result, the token's trading volume skyrocketed, reaching R3.6 billion today.
As a result, investors flocked to Floki Inu, raising the token's social score even higher. The token trails Dogecoin in the metric, according to Gem Hunters. However, due to recent external developments, the token has surpassed Shiba Inu.
Floki Inu is currently ranked 98th in terms of market capitalization on the cryptocurrency list.
The listing would inevitably gain traction in the long run as more people gained access to the token. Binance and KuCoin have nearly R542 billion in trading volume combined. With the recent popularity of meme coins, Floki Inu may be able to capitalize on this.
Where is Floki headed at R0,00091?
Only resistance at R0,0012 is slowing Floki's bullish price movement. The only thing preventing the meme coin from gaining more in the short to medium term is this resistance. This resistance must be broken for the bulls to continue their gains.
However, as FLOKI enters a short correction phase, the token may experience short to medium-term pain. FLOKI bulls should concentrate on fortifying the token's current support, as a break in this support could be a catalyst for more pain.
For the time being, investors and traders should be optimistic about the short to long-term as interest in the token grows. With the recent listing on major exchanges, we may see more price increases as interest in the token grows.
FLOKI bulls can also use this positive sentiment to secure gains and reinforce the token's current support.
