• Floki Inu, a meme currency built on Binance’s BNB chain, has been growing in popularity lately due to external factors that have caused investors to flock to the token.
• KuCoin and Binance recently listed the token, causing its trading volume to increase with today’s trading volume reaching $201 million.
• With its current price of $0.00005048, Floki Inu is just behind Dogecoin in terms of social score and is currently held back by resistance at $0.0000674.
Floki Inu Making Big Headlines
Floki Inu, a meme currency built on top of Binance’s BNB chain, has been making big headlines of late. Amidst the big names in the meme coin space like Dogecoin and Shiba Inu, this dog-themed cryptocurrency emerges strong in the market. According to CoinGecko, FLOKI grew by 15% in the past 24 hours with 145% in the weekly time frame. These most recent price actions are caused by external factors that led to investors flocking to the token.
High Bullish Sentiment
BSCDaily, a Twitter account dedicated to BNB Chain news, recently shared that Floki Inu is one of the tokens that has an overwhelmingly positive bullish sentiment. Floki Inu currently occupies the 98th spot in the cryptocurrency list in terms of market cap.
Listing On KuCoin And Binance
Due to FLOKI’s rise in prominence, multiple large exchanges have listed the token. KuCoin, one of the top exchanges in the market, recently listed the token with Binance following KuCoin’s lead. This led to the token’s trading volume to balloon with today’s trading volume reaching $201 million. This led to investors flocking to Floki Inu, further increasing the social score of the token according to Gem Hunters .
Where Is Floki Headed?
Floki’s bullish price movement is only being slowed down by resistance at $0.0000674. This resistance is currently keeping back Floki from gaining more traction as it follows closely behind Dogecoin and surpasses Shiba Inu for social score metric according Gem Hunters The listing would inevitably gain more traction as more people would have access through exchanges such as KuCoin or Binance which together have nearly $30 billion worth of trading volume combined With its current price at $0..00005048 , there is potential for growth if this resistance can be broken .
As meme coins are becoming increasingly popular , many investors are looking for their own way into these types of tokens . With it’s recent addition onto major exchange platforms coupled with its current low price point , Floki may be one potential option for those looking for exposure . It will be interesting how this canine themed currency will fair against other competitors within this space over time .