FLOKI, a meme coin that has recently gained immense popularity. It has seen its price rise to the highest level in the last six months now that the needed events have occurred. FLOKI was recently included in Coinbase’s listing plan. This listing led to a 50% weekly rise and a 26% daily jump in FLOKI price.
FLOKI now has a $2.512 billion market capitalization, ranking 6th in meme coins after surpassing 11 other meme coins.
Coinbase Roadmap Drives FLOKI’s Price Surge
FLOKI’s inclusion in Coinbase’s listing plan has been one of the biggest positives for the token. The released statement stirred up traders’ interest in the asset, while analysts expected new price increases after the token’s inclusion.
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As it stands now, FLOKI is trading at $0.00026777. Analysts expect it to go even higher in the short-term with some experts projecting that FLOKI could easily rise by 100% to $0.0005.
$FLOKI jumped over 26% in price after @Coinbase announced it is adding Floki's assets to it's roadmap.
Just imagine the price once #Coinbase lists #FLOKI which can happen any day now.In the short term I expect the price to go over at least 100% with the listing, taking it… pic.twitter.com/qzbNV0OMoM
— Rise To The Moon (@RiseCryptoRise) November 17, 2024
Since the announcement, more activity with FLOKI has been seen on social media platforms from influencers and members of the FLOKI community. The volumes of trade have increased, indicative of enhanced market activity and interest among the investors. This has not only pushed FLOKI’s price up but has also placed the token among the most promising meme coins available for investment.
FLOKI Boosts Global Presence with Dubai and Hong Kong Partnerships
Valhalla, the PlayToEarn MMORPG initiated by FLOKI, signed a branding collaboration agreement with Dubai’s Mall of the Emirates. The PlayToEarn MMORPG will occupy 93 digital screens in the mall. The target group of the mall is 111,500 people per day.
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This partnership is the next significant move in FLOKI’s global outreach plan, which will help it gain more recognition in a place where interest in blockchain games is increasing.
This is an opportunity for FLOKI to reach millions of potential users, as the Mall of the Emirates is a world-class shopping destination. This partnership is also in line with FLOKI’s plan of using influential profiles to develop its community and recognition.
It emphasizes the fact that the project aims to establish a long-term presence in the domain of both cryptocurrencies and traditional finance.
Another major collaboration was made wherein FLOKI partnered with the Hong Kong International Cricket Sixes as the event was resumed after seven years. The competition that took place between the 1st and 3rd of November at Kowloon Cricket Club involved international teams and attracted lots of interest.
Strong Market Momentum and Future Prospects
The technical perspective also seems to have a bullish outlook to bring even more growth for the FLOKI.
The meme coin has been trading in consolidation for quite some time, recently beginning to make higher highs and higher lows. There is a critical retracement level of $0.00027 from where a breakout is possible towards $0.00030 or a higher level.
Relative strength index is 74.97 now which is signaling overbought condition. While this may lead to short-term consolidation, the strong trading volume and bullish sentiment suggest the uptrend will likely continue. Support at $0.00020 indicates that it is ready to rebound for any bearish pressure that may be present.
