Is It Too Late to Buy FLOKI? FLOKI Price Blasts Up From Recent Bottom as Eco Coin Quietly Gathers Momentum
Meme coin FLOKI appears to have rebounded from a March 19 bottom of $0.000165 as it trades today at $0.000225, a hefty appreciation of about 36%, according to figures taken from CoinGecko.
Like Dogecoin (DOGE) and Shiba Inu before it (SHIB) and BONK and DogWifHat (WIF) after it, FLOKI is based on the eminently memeable Shiba Inu.
However, FLOKI’s inspiration and IRL namesake is a Shiba Inu with a famous owner: Elon Musk.
FLOKI ROADMAP: WHAT’S NEXT ON OUR AGENDA…
From the get-go, we’ve been VERY clear about our goal for Floki:
To be the most known and most used cryptocurrency in the world.
Our new roadmap outlines how we intend to achieve this:https://t.co/cBqJXwhziH pic.twitter.com/hBydq4D4lX
— FLOKI (@RealFlokiInu) March 22, 2024
In terms of overnight gains, DOGE and SHIB firmly outpaced FLOKI. The largest meme coin by market capitalization, DOGE, blew up by about 4.7% overnight. SHIB posted more modest 24-hour gains of about 1.2%.
FLOKI’s performance is more in line with the broader market, though. In general, crypto is down today. Market leaders Bitcoin and Ethereum both shed 2.5% while FLOKI dropped 7.7% to post heavier overnight losses than any of the top thirty cryptocurrencies by market capitalization.
Over on FLOKI’s trading chart, we can see that it is currently trading at a new support level that it found after a sharp but volatile rally in early March.
FLOKI is roughly the same price as its 30-day moving average, and with a relative strength index (RSI) reading of 49 there is likely to be more selling throughout the day but the price is altogether stable
Meme coins are a whimsical game.
The rapid nature of their price movements, which often exaggerate the gains and losses of market leaders like Bitcoin, make them into a
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