As a seasoned cryptocurrency analyst with years of experience in the digital asset market, I have witnessed numerous listings of tokens on reputable exchanges and their impact on the token’s price action. With FLOKI going live on Bitstamp, one of the longest-running and most regulated crypto exchanges globally, it is an essential development for the dog-themed memecoin.
FLOKI has gone live on Bitstamp, marking a major milestone for the dog-themed memecoin.
Highlight of The Bitstamp Track Record
On Bitstamp, the FLOKI token’s trading pairs, FLOKI/EUR and FLOKI/USD, were added following its listing. In a Reddit post, Floki highlighted Bitstamp’s global regulatory standing as a crypto exchange of repute. It is one Europe‘s largest centralized exchanges with 50 licenses and registrations in major jurisdictions worldwide. Robinhood, a financial services provider, recently purchased Bitstamp for $200 million.
Given its past successes, securing a spot on a regulated exchange is crucial for Bitstamp and the dog-themed memecoin. This listing could potentially act as the spark that ignites the memecoin’s next surge in value.
“…strengthening our reputation and securing our place as the globally recognized and widely adopted cryptocurrency, as expressed in the protocol’s statement on X.”
$FLOKI is now live on Bitstamp, the world’s longest-running cryptocurrency exchange!
The following pairs have been listed:
– FLOKI/EUR
– FLOKI/USD
At European powerhouse exchange @Bitstamp, we find robust regulation with an impressive collection of 50 licenses and registrations.
— FLOKI (@RealFlokiInu) July 25, 2024
In the past few weeks, Floki has encountered numerous listings. Notably, Binance, a prominent digital asset service provider, has added support for FLOKI, Artificial Superintelligence Alliance (FET), Notcoin (NOT), and LayerZero (ZRO). Consequently, Binance broadened its trading options to encompass FET/USDC, FLOKI/USDC, NOT/USDC, and ZRO/USDC pairs.
FLOKI’s Key Metrics in the Negative
Digital currencies, including memecoins, often experience changes in response when they are listed on crypto exchanges. However, for a memecoin specifically, the effect tends to be unfavorable. At present, the memecoin is priced at around $0.0001734, which represents a 7.84% decrease over the last 24 hours. Additionally, its market capitalization has dropped by over 7%, currently estimated at approximately $1.6 billion.
The trading volume for FLOKI has increased by a modest 1.68% to reach $225 million, ranking it as the 30th most traded crypto asset within the past 24 hours. This indicator implies a decrease in investor interest and demand for the memecoin. It’s plausible that many investors and traders have started losing faith in FLOKI’s potential due to this lackluster trading volume.
Regrettably, the current market mood is quite different from the recent success story of memecoin FLOKI. Just a few days ago, this canine-themed cryptocurrency saw a significant rise, climbing as much as 50% from its weekly low of $0.000139 to reach $0.0002. However, it has since encountered some resistance and hasn’t managed to maintain those gains.
Multiple market analysts express confidence that the FLOKI token’s value might rebound, potentially reaching a level of $0.0005.
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2024-07-25 22:02