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Continuing our crypto market analysis column, today we focus on three very important assets: Floki (FLOKI), Chainlink (LINK) and Polygon (MATIC).
FLOKI's gains coincide with the launch of its tokenization platform, TokenFi, but is the rally sustainable?
Floki Price Prediction: The Floki Coin price has certainly made its presence felt, entering the October crypto rally fashionably late but with compelling force. From its low on October 20th of $0.00001765, the asset has skyrocketed around 120% to its current trading price of $0.0000377.
The FLOKI price has increased swiftly since October 20, culminating with a high of $0.000042 today.
Floki ($FLOKI), a cryptocurrency project, has announced the launch of TokenFi, a platform focused on crypto and asset tokenization. The platform aims to become a global leader in the tokenization industry, which is expected to be worth $16 trillion by 2030.
Cryptocurrency Floki Inu (FLOKI) saw its price jump over 22% this past week due to growing hype surrounding the upcoming launch of its new TokenFi platform. TokenFi aims to be a one-stop shop for creating and launching tokens tied to real-world assets (RWA), allowing anyone to tokenize assets without needing to code.
“The tokenization industry is projected to be a $16 trillion industry by the year 2030,” Floki lead developer ‘B' told CoinDesk in a Telegram message
FLOKI is among the few altcoins in the green today as most have retraced quite hard.
The main reason for FLOKI's price surge is believed to be an upcoming project. The platform is set to introduce a unique staking feature for users, which is expected to launch soon.
The crypto industry has displayed a significant price movement during the past week, as maximum tokens have experienced massive jumps in their value, indicating a strong bullish influence over the market. Further, the FLOKI price has recorded a jump of over 22% within the last 24 hours, making it the top gainer in the industry.
Investors hit the pause button on Thursday, as the market awaited news of progress toward the SEC approving the first batch of BTC-spot ETF applications.
Floki announces the launch of TokenFi, a platform designed to simplify the tokenization process in the expanding tokenization industry, projected to hit $16 trillion by 2030. The platform, backed by significant partnerships and with a strategic plan to ensure a smooth launch, reveals a larger roadmap set for October 27, 2023, with trading beginning at 3 PM UTC.
According to statistics on October 26, 2023, the meme coin crypto economy has risen nearly 10% against the U.S. dollar in the past 24 hours. The top five meme tokens, including dogecoin, shiba inu, pepe, floki, and baby doge coin, have risen between 7% and more than 28% in the last day.
The crypto landscape is ever-evolving, and Floki is not one to be left behind. Introducing TokenFi, a groundbreaking crypto and asset tokenization platform designed to tap into the burgeoning tokenization industry.
The crypto markets are gaining significant momentum as the majority of the cryptos are painted green. Bitcoin smashed high beyond $35,000 as the rounds of the ETF circulated within the space. Besides, the bearish intensity has wanned to a large extent as the price holds above $34,000 comfortably.
Holders of these cryptos should really consider selling them soon before they inevitably crash and burn and cause harm.
The recent crypto market rally has spilled over to popular meme-themed coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE). Over the past week, PEPE has exploded 90% higher, DOGE is up 25%, and SHIB has gained 17%.
In the ever-evolving world of cryptocurrencies, a fascinating narrative has been unfolding around Floki, a meme token that has garnered significant attention due to its impressive performance and growing daily activity. While its journey has seen both ups and downs, it appears to be gaining momentum, much to the delight of its enthusiasts.
Floki was the best-performing gaming project on BNB Chain over the last 24 hours. However, its price registered a drop in recent hours.
In the past two days, memecoins have seen a surge in buying activity, riding on Bitcoin's bullish wave as it reignited the ‘Uptober' movement by reaching $35K.
Meme project Floki Inu struggled as competitors such as Pepe Coin and Shiba Inu dominated trends in the marketplace. The altcoin endured bearishness as some recorded double-digit surges. Nevertheless, FLOKI developers continued to build the project, lately announcing an advertisement deal with World Table Tennis (WTT).
The community-driven blockchain project Floki achieved a significant milestone. They revealed their plans to use their partnership with World Table Tennis to introduce the Floki token and its upcoming sister token, set to launch on October 27.
FLOKI's impressive performance faces headwinds as bearish sentiment looms, alongside a sticky hurdle on the weekly charts.
FLOKI racked a daily spot trading volume of $200 million recently, becoming the world's most traded meme coin for a brief period.
