Key Takeaways:
- Coinbase, one of the top exchanges, is set to list the Floki meme coin.
- The Floki meme coin surged 15.40% in the last 7 days following this announcement.
- The coin’s market sentiment is “bullish,” and the Fear & Greed Index indicates “Extreme Greed.”
Floki, the highly famed meme coin has surged over 16% in the last 7 days. Floki is a meme coin inspired by the multi-billionaire Elon Musk and his Shiba Inu dog. Built on Ethereum and Binance Smart Chain blockchains, the meme coin is designed so that its supply keeps on dwindling over time, which can significantly affect its demand and price to a great extent.
With a trading volume of $1.26 billion, the famous meme coin is experiencing a huge market surge. In this article, we will discuss the coin’s price surge, the various factors that influenced it, and how the coin will fare in the coming years in the ever-evolving world of crypto.
FLOKI Coin Current Market Standing
FLOKI is currently ranked #44 in the crypto market based on its market capitalization. The coin started its bull run on the 11th of this month. At that time, the coin was trading at a price of $0.0001497. From there, it was pure uphill for the coin. With a growth rate of 75.90% during this bull run, the coin is currently trading at $0.0002669, registering an uptrend of almost 10% in the past 24 hours.
During its bull run, the coin peaked as high as $0.0002865. This took place today, 21st November. Recording a yearly growth of 762.62%, the coin is one of the top-performing meme coins of this year. With a circulating supply of 9.61 trillion and a trading volume of $1.28 billion in the last 24 hours, the coin’s market capitalization has already crossed $2.56 billion. If this trend in the market and social media continues, then the coin will likely surge further in the market in the coming days.
Coinbase Listing & The Floki Surge
Floki had recorded a significant jump in the past few days. This is due to a possible Coinbase listing. The famous crypto exchange has recently announced on social media that it will support the famous meme coin, Floki. If the coin meets all the liquidity requirements, then the users can likely trade the coin on the platform starting today. The exchange also stated that “once a sufficient supply of the asset is established”, the holders can users can trade with FLOKI/USD pair.
The listing of the coin in the renowned base has significantly boosted its market value. With this listing, the coin will be able to join the list of Coinbase-supported meme coins alongside PEPE and dogwifhat (WIF). Donald Trump’s victory in the US Presidential Election and his stance on crypto is one of the key factors that propelled the exchange to adopt various meme coins onto its platform.
Short-Term Price Prediction: What The Future Holds For The Floki In The Coming Days
Now that we looked into the current performance of the coin in the market, let’s take a sneak peek into the coin’s future. For this, we have put together a price prediction table highlighting the coin’s potential price and ROI for the coming days. If you’re considering investing in the coin, kindly refer to the given table to gain insights into the coin’s future for the coming days.
| Date | Price | Potential ROI |
|---|---|---|
| 22 Nov, 2024 | $ 0.000277 | 7.15% |
| 23 Nov, 2024 | $ 0.000293 | 13.09% |
| 24 Nov, 2024 | $ 0.000313 | 20.81% |
| 25 Nov, 2024 | $ 0.000338 | 30.27% |
| 26 Nov, 2024 | $ 0.000365 | 40.73% |
When referring to the table, keep in mind that the above-given prices are susceptible to changes in the market and social media trends and may vary accordingly.
Is It a Good Time To Invest In The Floki Coin?
The community sentiment for the FLOKI meme coin is indicating a “Bullish” trend. As per the various tier-1 market analysts and investors, the coin is expected to rise by 238.94% and reach $0.000938 by the beginning of the second half of December. The token is currently trading 16/30 days in green with a price volatility of 27.13% based on the data from the past 30 days.
The Fear & Greed Index of the meme coin shows a value of 83, indicating “Extreme Greed” in the market. Based on this forecast, it is a good time to invest in the Floki meme coin. However, you should keep in mind that the Floki is a meme coin, which makes it one of the most volatile coins in the market. So, it would be better if you conducted thorough research on the market trends before proceeding with the investment.