For those not familiar with Floki, it is a popular meme coin named after Tesla founder Elon Musk’s Shiba Inu dog.
Like the Dogecoin (DOGE) and Shiba Inu (SHIB) cryptocurrencies, Floki (FLOKI) is a popular meme coin with millions of fans all around the world and it has been trending recently with Dogecoin and Shiba Inu as the crypto market experiences a resurgence.
Floki is the third most popular memecoin after Dogecoin and Shiba Inu, and it was recently ranked by popular financial news website Finbold as a top memecoin to watch in January 2023.
Why You Should Pay Attention to Floki and Its Upcoming Announcement
Floki bills itself as “the people’s cryptocurrency.” The popular memecoin has 420,000+ holders and an army of social media followers that are passionate about it and can’t stop talking about it; as a result, Floki is consistently ranked among the most talked about crypto projects and regularly trends on Twitter.
Floki recently posted a tweet that they will be making an announcement on the 17th of this month:
The tweet about the announcement, which has got a lot of tongues wagging with speculation of what it could be, has been viewed 410,000 times at the time of writing, which is a sign of strong interest in both the announcement and the Floki project during a period many widely consider to be a bear market.
Dogecoin, Shiba Inu, and Memecoins: Could Floki’s Announcement Be a Catalyst for Memecoins?
Memecoins have shown strength and resilience during the bear market, and contrary to the expectations of many they did not die with the bear market. In fact, memecoins have tended to surge and trend higher during the various relief rallies the current bear market has experienced.
Floki’s upcoming announcement has renewed interest in the popular cryptocurrency as well as memecoins in general and it very well could be a catalyst for Dogecoin, Shiba Inu, and a host of other memecoins.