Shiba Inu and Dogecoin competitor 300% surge lands it listing by major exchange- Are SHIB and DOGE in danger?

  • Floki Inu is gaining more popularity as it now poses a great threat to Dogecoin (DOGE) and Shiba Inu (SHIB) after soaring by 300% in 2023 alone. 
  • The asset’s unprecedented rise has caused leading cryptocurrency exchange Bitpanda to list the memecoin to its user base of more than 3 million users. 

Saturday 18th March, While there are only a few memecoins in the market making waves, one of the newest members has maintained a strong bullish momentum over the past few months. The memecoin has outperformed other leading rivals like Dogecoin (DOGE), and Shiba Inu (SHIB), further hinting that the two memecoins have new competition.

Although Floki Inu is further down in the list of most valued assets by market cap, this has not stopped the memecoin from recording significant growth this year. Floki Inu has amassed gains going up higher than 300% this year. Floki Inu remains one of the few altcoins that benefited massively from the altcoin rally that took off early this year.

The upswing in Floki Inu’s price has caught the attention of one of the world’s leading cryptocurrency exchanges, which has now gone ahead to list Floki Inu. Bitpanda, an exchange located in Australia is regarded as Europe’s number-one broker for stocks, crypto, indices, ETFs, and precious metals.

Taking to Twitter, Floki shared the news with its 452,000 Twitter followers, revealing that the listing will take place on the 17th of March, and acknowledging that the listing will allow European crypto traders to easily use the Euro to purchase FLOKI with ease.

“Bitpanda will be listing FLOKI on the 17th of March! With over 4 MILLION users, Bitpanda is one of the largest and best-regulated multi-asset exchanges in Europe. This listing will finally make it extremely easy for European users to buy the FLOKI cryptocurrency with EURO.” Floki Inu noted.

Floki Inu records mild posses but manages to sustain some of its weekly gains

Bitpanda is home to over 4 million customers, some of which use the platform to trade and invest in cryptocurrencies. The listing is essential for Floki Inu, as it will play a huge role in opening the doors for more customers to gain access to the memecoin.

The listing will leverage Bitpanda spotlight, which gives users access to new crypto projects.

The Spotlight countdown is on again! It may not be the year of the dog, but you can now subscribe to $FLOKI on Bitpanda Spotlight and get free tokens when we go live. All you need to do is become a BEST VIP!

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Bitpanda noted in a tweet, adding that customers can view BitpandaSpotlight on its official website.

Following the listing, Floki Inu has recorded a slight jump in daily and hourly price value. According to our data, Floki Inu, despite nursing a mild decline in the last 24-hours, has still managed to sustain over 24% of its 7-day gains and is now trading at $0.0000392.

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About Author

Olivia Brooke has been writing about cryptocurrencies since 2018. She’s currently fascinated by NFTs, and she remains committed to learning and writing about the broader cryptocurrency industry.

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