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FLOKI price has been pumping in the wake of the release of the project’s most ambitious roadmap. Investors seem to be shifting their attention to smaller altcoins and especially meme coins after Bitcoin, Ethereum and other bigger altcoins stalled their rallies late last week. This bullish comeback is reflected by a massive 25.5% spike in FLOKI price, which is trading at $0.000052 at the time of writing.
The team behind FLOKI, a dog-themed meme coin – coming up as a worthy competitor to Dogecoin (DOGE) and Shiba Inu (SHIB) has released one of its most ambitious roadmaps. Although the roadmap was made public this week, the team said it has been working on it since the beginning of the year.
That said, some of the stages like the launch of Shop Floki have been completed. Shop Floki is a merch store dedicated to the public – to help Floki Vikings purchase Floki merch using both fiat and crypto.
FLOKI has also fully integrated Binance Pay into the protocol to allow users to seamlessly carry out crypto payments via the merch store. Binance Pay is a payments platform from Binance, the largest crypto exchange by daily traded volume.
The team is moving toward the ultimate launch of the Valhalla website upgrade. In addition to this, FLOKI’s whitepaper has been completed in Chinese. According to the team, the development will expose FLOKI to millions of Chinese crypto users.
Still on China, the meme coin is working on a marketing campaign dubbed “the Floki China Plan.” It is a strategic marketing program tailor-made for pushing the Floki agenda in Asia’s economic giant. The ecosystem’s flagship utility project, Valhalla will be at the forefront, bolstered by a crucial partnership with one pf China’s leading social media platforms.
FLOKI’s roadmap would not be complete without mentioning the efforts being channeled toward decentralization and Web3 products. For instance, the partnership with Pyth Network, a leading Oracle solution will develop “a FLOKI price feed that allows DeFi protocols to easily integrate Floki.” Think of this as value addition to the FLOKI token while providing users with a direct solution to access more DeFi facilities.
What To Expect from FLOKI In the Coming Months?
Investors would be looking forward to the launch of FLOKI on OKC, otherwise referred to as OKX Chain. With this development, the FLOKI token would be available on three chains, including Ethereum and BNB chains. The idea behind this is to grow the FLOKI to become “the most known and most used cryptocurrency in the world.”
DeFi lending, borrowing and staking are key items of the roadmap. The team is making plans to integrate the meme token on one of the largest DeFi protocols in the industry to allow users to access DeFi lending and borrowing services.
“‘Phase 1’ of the native Floki staking program will be launched with a pivotal DAO vote in which the Floki DAO will determine the nature of the rewards to be given in the Floki staking program. This lays the groundwork for the full launch of Floki’s native staking program,” the roadmap reads in part.
Unlike many projects that plan roadmaps in quarters or months, the team says it is working on a phase by phase approach to avoid finding themselves in a “box.” In this case, phases can be faster or slower and are not necessarily quarters. This will ensure all the developments are carried out according to plan without the constraints of time schedules.
FLOKI Price Uptrend Seems Unstoppable
FLOKI price has printed an engulfing bullish candle following a support established around $0.000038 to absorb the selling pressure from its 2023 high of $0.000068. A break above $0.000052 appears to have cemented the bulls’ presence in the market and if upheld, could improve investor confidence in the uptrend.
Most of the technical indicators added to the daily chart show the path with the least resistance to be sticking to the upside. Notice two golden crosses formed by the 50-day Exponential Moving Average (EMA) (line in red), which initially stepped above the 100-day EMA (line in blue). Recently, the 50-day EMA flipped above the 200-day EMA (line in purple), a situation that tightened the bullish grip on the price.
The Moving Average Convergence Divergence (MACD) indicator on the same time frame shows buyers have the upper hand as it continues to uphold a buy signal presented around mid-February.
Nevertheless, it would be prudent for weak hands to lock in their gains at the prevailing market value but plan to buy back the same FLOKI tokens at a lower price level. A pullback will likely take precedence in the coming sessions due to profit booking activities. The first tentative support lies at $0.000050 but investors should prepare for $0.000040 in case overhead pressure intensifies.
On the upside, FLOKI price will need to hold support at $0.000052 to keep the uptrend going. A minor retracement to $0.000050 might allow sidelined investors to buy FLOKI, thus creating momentum for a massive upswing beyond $0.000070. The next recovery phase to $0.0001 maybe propelled by FOMO.
Floki Inu Alternatives To Buy Today
Before you buy FLOKI, you may want to consider some of the best altcoins to buy for 2023. We have a dedicated team that reviews the best crypto presales to buy, especially for investors looking at diversifying their crypto portfolios.
Fight Out (FGHT) is the first project on this list due to the revolutionary use of Web3 solutions to transform the fitness industry. Users wishing to become fighting fit with Fight Out do not have to deal with the various barriers to entry, as is the case with other Move-to-Earn ecosystems. Fight Out’s presale has raised $4.56 million so far with the price currently increasing in 12-hour intervals.
Similarly, investors may want to buy C+Charge (CCHG) which is the world’s first on and off chain platform to democratize the carbon credit industry. C+Charge is also bringing up a mobile application meant to revolutionize the EV charging industry.
From this app, users will be able to locate charging stations, pay for charging at stations in CCHG and access key information like charger wait times. The presale, which has been running for a few weeks, has raised $1.42.
As blockchain use cases expand to cover real-life activities, Metropoly (METRO) is pushing innovation to the next level. By bringing up an NFT marketplace, Metropoly believes it has what it takes to change how investment is conducted in the real estate industry.
Users who buy the NFTs will have indirectly purchased properties from which they can receive rental income. The process of investing in real estate would come down to less than 20 seconds from the current 60 days globally. Investors buying METRO have raised $536k so far in a presale that is selling out fast.
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Source: https://insidebitcoins.com/news/floki-price-prediction-here-is-why-this-dog-themed-meme-coin-exploded-25-5-to-0-000052