• Floki Inu, a meme currency built on Binance’s BNB chain, has gained significant attention due to its recent price actions.
• It is currently listed on both KuCoin and Binance exchanges with a $201 million trading volume.
• The token is just behind Dogecoin in terms of social score, but it has surpassed Shiba Inu recently.
What Is Floki Inu?
Floki Inu is a meme currency built on top of Binance’s BNB chain. It has been making big headlines of late amid the big names in the meme coin space like Dogecoin and Shiba Inu. According to CoinGecko, FLOKI grew by 15% in the past 24 hours with 145% in the weekly time frame.
Why Has Floki Grown Popular?
These recent price actions are caused by external factors that led to investors flocking to the token. 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. It currently occupies the 98th spot in terms of market cap on CoinGeckos list of Cryptos.
Listing On Exchanges
Due to FLOKI’s rise in prominence multiple large exchanges have listed the token such as KuCoin and Binance which led to its trading volume ballooning with today’s trading volume reaching $201 million causing even more investors flock to it further increasing its social score metric just behind Dogecoin but surpassing Shiba Inu according to Gem Hunters.
Where Is Floki Headed?
At $0.00005048, Floki’s bullish price movement is only being slowed down by resistance at $0.0000674 which may be broken if more people join this newer cryptocurrency hype creating more traction for it and gaining access as more people join exchanges like KuCoin and Binance which combined have nearly $30 billion in trading volume capitalizing on this new trend popularly known as “meme coins” or “dog coins” amongst crypto traders/investors/users alike .
Conclusion
Floki Inu is quickly becoming one of the most popular meme coins out there with multiple large exchanges listing it and Bitcoin billionaires investing into it leading many people speculate about where exactly this coin will head next! At current prices there seems no stopping for this dog-themed cryptocurrency yet!