In 2023, FLOKI secured its position as the leading metaverse cryptocurrency, dominating 39.58% of all views on CoinMarketCap.
However, its sideways-moving Bollinger Bands and overbought RSI indicate potential market volatility ahead. The upcoming weeks will play a crucial role in determining FLOKI’s sustained success.
In the first half of 2023, the crypto-metaverse witnessed significant growth, with FLOKI emerging as the standout currency in terms of global popularity, as reported by CoinMarketCap, a leading crypto data platform.
According to data from the world's largest crypto data platform @CoinMarketCap, $FLOKI is the world's most popular metaverse crypto in the first half of 2023 — with 39.58% of ALL metaverse views.
This shows increasing interest in #Floki's metaverse game! https://t.co/zkCoVJJb9a
— B (Da Viking) (@100bviking) July 21, 2023
In the first half of 2023, FLOKI claimed the top spot with 39.58% of all metaverse views. Its current position on CoinMarketCap is 126, with a value of $0.000024.
FLOKI’s Popularity Soars with Valhalla Metaverse Game
FLOKI’s popularity surge suggests a growing interest in its associated metaverse game, Valhalla. The game is playable on the Optimism Goerli testnet, offering unique features like upgradeable NFTs, on-chain gaming interactions, and an open world. Valhalla’s full version is set to launch on the mainnet later this year.
FLOKI’s impressive rise appears unaffected by overall crypto market trends, indicating expanding market share. The circulating supply is close to 9.5 trillion coins, with a total market cap of approximately $228 million.
Despite promising figures, caution is advised due to the technical indicators. The Bollinger Bands, a tool used by traders to assess market volatility, are currently moving sideways, indicating a stagnant market.
FLOKI/USD daily price chart, Source: Trading View
FLOKI Faces Critical Weeks Amid Overbought RSI
The Relative Strength Index (RSI) being overbought raises potential market shift concerns for FLOKI. The next few weeks are crucial as traders closely monitor these indicators. With the launch of Valhalla approaching, the crypto world awaits to see if FLOKI can sustain its dominance or if new market forces will take charge.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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