- Floki Inu (FLOKI) is now listed on Coinbase, increasing its accessibility to millions.
- FLOKI trading volume surged 99% within 48 hours after the Coinbase announcement.
- Floki targets the Indian market with a new campaign to promote its Play-to-Earn game, Valhalla.
Floki Inu (FLOKI) is now listed on Coinbase. The listing of the token started on November 21st with the FLOKI-USD trading pair. At the moment, Coinbase is the largest legally operating cryptocurrency exchange in America. The company has over 110 million verified users and a daily turnover of $7 billion. The listing increases accessibility to Floki for millions of users.
However, Coinbase clarified that FLOKI will only be available as an ERC-20 token. Local regulations may also restrict access in certain regions.
Floki Sees Significant Market Activity
Floki trading volume has significantly surged after the announcement of the listing by Coinbase. Market activity by traders also increased by 99.4% of the trading volume yesterday. Floki was up by 15% before slightly moderating to a 5.39% increase from the prior day.
Floki is trading at $0.0002571, slightly above its 50-period EMA, signaling a short-term bullish trend. Its resistance at $0.00026481 may limit upward momentum, while support at $0.00025012 is providing stability. Analysts expect a breakout above resistance to spark further gains, while a drop below support could lead to declines toward $0.00023747.
Meme Coins Attract Growing Institutional Support
Meme coins continue to gain recognition as major platforms expand their support. Binance recently added new margin trading options for tokens like FLOKI and SHIB. This growing interest underscores the increasing demand for meme coins in the crypto market.
Investors also have revived interest in meme coins resulting in turnaround boosts in Dogecoin, Shiba Inu, and Pepe COin. Institutional players like DWF Labs are investing heavily in meme coin ventures, boosting the sector’s credibility.
Floki Targets Indian Market with New Campaign
Floki has released a marketing campaign in Delhi NCR, India for Play-to-Earn games, namely Valhalla. This program targets districts with high rates and is expected to impact 650,000 citizens daily. Floki’s efforts are expected to enhance its visibility and establish a stronger foothold in India’s growing Web3 ecosystem.
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