As America’s top crypto exchange adds Floki, should crypto custodians buckle up for a rally towards January levels?
Robinhood, the mainstream crypto & stock platform from the United States (USA), has welcomed Floki Token (FLOKI) on their Spot market offerings. This meme coin listing arrived on Robinhood’s land last night along with Ondo Protocol (ONDO).
This has pushed Ondo’s (ONDO) price back above $1 after a week’s wait, entering the TOP 50 by global crypto market cap. For Floki Token (FLOKI), the price upswing was even stronger with a 13% upswing for the Viking dog-themed meme coin this Friday.
Floki’s Big Moment To Restore Yearly Heights
Moreover, a bigger uptick is to be expected if Floki prints a weekly candle above the $0.00010331 territory, analyst Vegetta notes. This fresh price prediction takes us to $0.00017716, a range unclaimed for Floki’s price since February.
So far, Floki’s price had hit $0.0001183 as a new weekly high, but there’s still a long field to cover to achieve late July’s heights of $0.000151. The gamified meme coin topped at that resistance level twice after a tremendous 44% two-week bull run.
As of publication time, Floki Token (FLOKI) is priced at $0.0001169, whipping up 4.4% gains in 24 hours. While still 7.3% in the red in yearly terms, the Norwegian Viking explorer-inspired crypto currency’s community has a lot to look forward to.
With a deflationary strategy place, Floki coin burns often fuel short-term rallies, but the meme coin is also acknowledged for Valhalla, a Play 2 Earn game within Floki’s DeFi ecosystem.
On The Flipside
* The dog-embossed meme coin still trades outside of the TOP 100 by global market cap & hardly matches top memecoin counterparts in trading volume.
* Despite slower price growth this week, Solana’s Bonk Coin & the mainstream meme coin Shiba Inu (SHIB) fetched $457 million & $319 million, respectively.
Why This Matters
Market watchers are keeping a close eye on Floki’s ability to stabilize at the key support level of $0.0001, as historically it served as Floki’s trampoline to numerous short-to-mid term bull rallies.
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