As a researcher with a background in cryptocurrencies and meme coins, I find the recent surge in FLOKI’s price and market activity to be quite intriguing. The nearly 14% increase in price today is an impressive feat, fueled primarily by the announcement of its listing on Revolut Business, Europe’s largest neobank and retail trading app. This listing represents a significant milestone for FLOKI as it increases accessibility to businesses across Europe and boosts its visibility and adoption.
The popular meme coin FLOKI experienced a significant increase of around 14% today, sparking excitement among investors. This uptick follows the exciting news of its upcoming listing on Revolut Business, Europe‘s leading neobank and retail trading platform, fueling expectations for continued price growth.
Note that the meme coin has gained considerable popularity recently, with various listings and associated milestones contributing to this surge.
FLOKI Soars Amid Revolut Listing
The price of FLOKI has seen a substantial increase of approximately 14%, suggesting a renewed enthusiasm from market players. Notably, this surge can be attributed to the recent announcement that FLOKI is now available on Revolut Business. This development represents a major achievement as it simplifies the process for European businesses to buy FLOKI, thereby expanding its reach and usage.
As an analyst, I’ve noticed an exciting development in the cryptocurrency world: FLOKI’s listing on Revolut Business. This announcement arrives during a wave of listings, highlighting the increasing hype and global influence surrounding this meme coin. Notably, FLOKI has also managed to secure listings on Binance Thailand, expanding its presence in various regions, particularly in Asia.
Alternatively, Floki Inu’s popularity has grown due to being added to Bitpanda’s Meme Coin Leaders Index. This recognition by the European multi-asset exchange Bitpanda has fueled increasing enthusiasm within the crypto market.
As a researcher studying the meme coin market, I’ve noticed that the Bitpanda index is an excellent representation of the leading meme coins, ranked by their market capitalization. Being included in this index is a notable achievement for FLOKI, as it increases its exposure to potential investors and underscores its rising influence within the meme coin community.
Price & Performance Amid Token Burn Proposal
Amidst its successful listings, the Floki DAO, which governs Floki Inu’s development as a decentralized autonomous organization, has presented a token burn proposition. This proposal intends to remove approximately 15 billion tokens from circulation permanently. This action is meant to boost investor confidence and potentially push the price of the meme coin higher.
As I pen down this analysis, the token burn proposal voting process has already started on May 14, set to conclude on May 16. Impressively, a massive 99.8% of the votes are leaning towards supporting the burning initiative as of now. It’s essential to note that token burns act as a tool to decrease the total circulating supply of a cryptocurrency. This reduction in supply can lead to increased scarcity and heightened demand, potentially igniting further price growth for FLOKI in the coming days.
While penning down, the FLOKI price experienced a significant surge of 14.52%, reaching $0.0002192. This upward trend came after hitting a peak price of $0.0002229 within the last 24 hours. Furthermore, its trading volume saw a substantial increase by over 75% to $886.48 million concurrently. It is worth mentioning that FLOKI has seen impressive gains, with a 31% rise in the past week and over 40% growth monthly.
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2024-05-15 13:07