In the wake of the listing of Coinhako, the biggest crypto exchange in Singapore, Floki Inu’s (FLOKI) price spiked to an impressive 57%. The memecoin appears to be setting the stage to outperform her sister meme coins. It is interesting to note that the current market structure resembles the Dogecoin market in 2021 before the breakout.
FLOKI/USD price chart. Source TradingView
The rise in the FLOKI price in such a short time is absolutely astonishing. FLOKI has made an outstanding jump and gained +252.18% in value in the past week, and +600% within the last month. This steep rise occurred right after the token was listed on CoinHako, which is the number one regulated crypto exchange in Singapore. The listing brought the token much more recognition. This broader crypto market enthusiasm and eagerness for Bitcoin’s upcoming halving are fueling the bullish blaze for crypto these days.
Why Floki Inu (FLOKI) Could Surpass Its Peers
Several factors hint at Floki Inu’s potential for significant gains. Crypto experts note similarities between Floki Inu’s recent price action and Dogecoin’s pattern prior to its historic 2021 run. Notably, the project’s growing ecosystem is expanding beyond its memecoin roots. The development of the Valhalla metaverse and a suite of DeFi products showcases the team’s ambition to build long-term utility into the token.
Floki the 2024 Doge. Source X
In addition, the memecoin has maintained a solid social media presence, boasting a highly engaged community often referred to as the “Floki Vikings.” This unwavering community support plays a pivotal role in driving awareness and adoption, also fueling demand for the token.
Despite its recent surge, many investors may wonder if it’s still an opportune time to enter the Floki Inu (FLOKI) market. With a price surge of over 252% in the past week alone, some may fear that they’ve missed the boat. However, historical market trends indicate Floki Inu still holds massive potential, especially considering the current bull market and the upcoming Bitcoin halving event.
The upcoming Bitcoin halving, scheduled to occur in less than 40 days, historically signals a surge in the cryptocurrency market. This event, coupled with Floki Inu’s recent listing on Coinhako, suggests that the price uptick is not over.
Floki Inu’s journey mirrors that of Dogecoin back in the 2021 Bull Run, a testament to the power of community and meme culture in the cryptocurrency space. While the market remains unpredictable, Floki Inu appears to have a prime price surge, leaving onlookers wondering if it will indeed become the next ‘Doge’ of the crypto market.
