Dogecoin (DOGE) rival Floki (FLOKI) is turning heads after a huge 30% price surge over the last 24 hours. After this, the meme coin is trading hands at $0.00005155. Its 24-hour trading volume currently stands at $151,348,360 after a more than 150% increase over the last day.
FLOKI / Tether US 1D (Source: TradingView)
With its market cap of $458,491,503, FLOKI price is currently ranked as the 215th biggest crypto in terms of market capitalization. This places it right behind Radix (XRD) in the 214th position and in front of Tether Gold which is ranked 216th.
With its success over the last day, it is only natural to wonder why the crypto saw a more than 30% price increase. Crypto analysts and enthusiasts believe that there are three reasons for this.
The first reason for FLOKI’s success over the last day could be because of its roadmap. The project’s 2023 roadmap was recently released and included some of the upcoming initiatives like the launch of a native staking program and the release of a FLOKI Debit Card.
Also causing some excitement surrounding FLOKI is the fact that the project has formed a partnership with Amino Rewards, which is a Web3 rewards network that specializes in sports and health. Amino Rewards will lock all their tokens exclusively with Floki’s crypto locker protocol, starting between $4 million and $8 million.
Also drawing some attention to FLOKI at the moment is the fact that the crypto has been trending alongside bigger meme coins like DOGE and Shiba Inu (SHIB) on Twitter. This indicates a growing interest in meme coins in general in the crypto community.
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Source: Cryptocurrency - investing.com
