- Floki adoption grows, with 88% holders “In The Money.”
- Partnerships in Dubai and Hong Kong boost global market visibility.
As Bitcoin surged past $97.5K, meme coin FLOKI made its mark with a 7% rise in the last 24 hours, reaching a six-month high of $0.0002900 before a slight retreat to $0.0002582. Its trading volume soared by 135%, and the token has gained 10% over the past week and 61.78% in the past month. Now just 25% shy of its all-time high, FLOKI could rally further if it breaks out of its consolidation phase, with analysts projecting gains of up to 105.94%, potentially reaching $0.00058053.
Meanwhile, FLOKI’s adoption continues to grow, with 80,200 wallet addresses holding the token, according to IntoTheBlock data. A notable 88% of these holders are “In The Money,” underscoring strong market sentiment. Development activity has also surged following the launch of its Play-to-Earn MMORPG game Valhalla in India, further boosting interest.
The token’s inclusion in Coinbase’s listing plan spurred significant momentum, driving a 50% weekly price surge. FLOKI’s market capitalization now stands at $2.512 billion, making it the sixth-largest memecoin by market cap.
Moreover, FLOKI’s global expansion has also got attention. Its efforts include collaborations with Dubai’s Mall of the Emirates, featuring branding across 93 digital screens reaching over 111,500 visitors daily. Additionally, its partnership with the Hong Kong International Cricket Sixes further cemented its international presence.
Technical Insights and Outlook
With a relative strength index of 74.97, FLOKI is currently overbought, indicating possible short-term consolidation. However, strong trading volume and bullish sentiment suggest the uptrend could persist. A support level at $0.00020546 indicates resilience against bearish pressure.
Backed by growing adoption, strategic partnerships, and solid development activity, analysts predict that FLOKI remains poised for continued growth, with the market eyeing a potential breakout to new all-time highs.
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Source: https://thenewscrypto.com/can-flokis-momentum-drive-it-to-a-new-all-time-high/