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- Faibin’s optimistic outlook, suggesting a potential 2-3x bullish rally, has added fuel to the already bullish sentiment surrounding Floki Inu.
- Floki has rallied nearly 40% in the past seven days alone, indicating a potential end to its recent correction phase.
Floki Inu (FLOKI), a prominent dog-themed meme cryptocurrency built on the Ethereum blockchain, experienced a notable price rally of nearly 15% today. This surge in price coincided with a surge in investor interest, as positive metrics bolstered market sentiment worldwide.
Market analysts have pointed out key indicators suggesting further growth potential for Floki Inu. Captain Faibin, a well-regarded crypto market analyst, highlighted a breakout from a bullish flag pattern on Floki’s daily timeframe chart.
This pattern typically indicates a period of consolidation within an upward trend, often followed by continued price increases. Faibin’s optimistic outlook, suggesting a potential 2-3x bullish rally, has added fuel to the already bullish sentiment surrounding Floki Inu.
$FLOKI has also Broke out of Bullish Flag on the Daily timeframe Chart. ✅
Looks Promising for 2-3x Bullish Rally in the Coming Days. 📈#Crypto #FLOKI #FLOKIUSDT pic.twitter.com/Q2Jsr3h027
— Captain Faibik (@CryptoFaibik) April 24, 2024
Revolut Listing and Expanding Ecosystem
Driving interest in Floki is the recent announcement of its listing on Revolut, a leading fintech platform with approximately 40 million customers. This development not only signifies an endorsement of the meme coin but also opens up the possibility of further listings in the future.
With major exchanges like Coinbase yet to add the token, there remains significant potential for increased exposure and adoption. The surge in Floki’s volume, from $100 million over the weekend to nearly $500 million today, underscores the growing interest and demand among traders.
#FLOKI just got listed on Revolut, the biggest neobank and retail trading app in Europe!
This listing will make $FLOKI accessible to @RevolutApp's 40 million+ users in 150+ countries who will be able to buy FLOKI with 25+ fiat currencies including GBP, EUR, USD and more.
Users… pic.twitter.com/Hy62VJw2w4
— FLOKI (@RealFlokiInu) April 22, 2024
Floki has rallied nearly 40% in the past seven days alone, indicating a potential end to its recent correction phase. This surge is partly attributed to the coin’s growing support within the dynamic web3 ecosystem, bolstered by tech titan Elon Musk’s endorsements. Projects like Floki Locker, which facilitates liquidity pool token locking, have gained significant traction, amassing over $142 million in Total Value Locked (TVL).
One of Floki’s strengths lies in its multi-chain protocol, FlokiFi Locker, which supports 15 EVM-compatible blockchains. This versatility enhances Floki’s utility and accessibility across various blockchain networks. Moreover, strategic partnerships, such as collaborating with Alltoscan, further boost Floki’s recognition within the crypto community. Alltoscan recently locked $18 million worth of ATS tokens for 15 months using the Floki Locker, highlighting the confidence in Floki’s ecosystem and its ability to facilitate secure transactions.
#FlokiFi Locker, #Floki's crypto locker protocol, is gaining serious traction. With a growing number of projects entrusting it to safeguard their liquidity and other assets, its current TVL boasts an impressive $142 million+.
Why are projects choosing @FlokiFi Locker to secure… pic.twitter.com/5fnxnWf8hA
— FlokiFi (@FlokiFi) April 23, 2024
Strong Market Uptrend
In the past 24 hours, Floki Inu has traded at $0.0001876. The token’s price range over the same period has fluctuated between $0.000168 and $0.0002052. Open interest in Floki has surged by 41.28%, reaching $16.66 million, while derivatives volume has skyrocketed by 218.42%, reaching $178.31 million. These figures highlight a robust market uptrend for Floki Inu, reinforcing optimism among investors showing increased interest in the asset.
Moreover, Floki Inu saw a substantial increase in open interest, rising by 41.28% to reach $16.66 million. Simultaneously, derivatives volume skyrocketed by 218.42%, hitting $178.31 million. These figures underscored a strong market uptrend for Floki Inu, reflecting heightened investor interest in the asset.
With buying pressure continuing to build in the market and a notable decrease in selling pressure, the stage is set for Floki Inu to potentially realize the analyst’s predictions of significant growth. Liquidation for FLOKI totaled $48.78K, indicating a reduced selling pressure scenario. These factors combine to paint an optimistic picture for Floki Inu’s future price action, with market sentiment leaning heavily towards continued bullish momentum.
