Floki Inu advertises on mainstream TV, but that didn’t help FLOKI price – what to expect?

Key Takeaways:

  • Meme-coin Floki Inu started a TV advertisement campaign in U.S. and Turkey
  • FLOKI was listed on crypto exchange Huobi, and featured on Huobi wallet
  • Canine-inspired coin's native token consolidated despite the ad campaign
Floki Inu, Floki Inu advertises on mainstream TV, but that didn’t help FLOKI price – what to expect?
image from medium.com

YEREVAN (CoinChapter.com) – Floki Inu, a pup from the Dogecoin-spawned litter, restarted its costly advertising campaign, buying up ad space on MSNBC, Fox Business, and ESPN, as well as Discovery and CNN. Collectively, the said channels have a yearly viewing audience north of a hundred million in the US.

Moreover, Floki Inu expanded its audience to Turkey as well. As the country’s crypto usage has increased elevenfold over the previous year, Floki saw an opportunity. As a result, the ads have been up and running on US and Turkish channels since Feb. 22.

The team did not disclose the amount spent on the ad campaigns. However, the token’s extensive advertising in public transportation all over Europe and Dubai’s Burj Khalifa show-off signify that Floki Inu is ready to cough up millions of dollars to get attention.

Also read: Floki Inu (FLOKI) up over 30% despite UK advertising ban.

Additionally, Floki Inu announced a “strategic partnership” with Huobi wallet, a Seychelles-based cryptocurrency exchange with over $3.6 billion daily trading volume. Huobi is the first “tier one exchange” to list Floki.

Huobi Wallet will promote Floki on their platform and will further promote Floki’s flagship, Play to Earn (P2E) Metaverse project “Valhalla” when the hotly anticipated game launches to the public.

read the announcement.

Meanwhile, the meme coin’s native token did not get the memo and slid along a significant support line.

Floki Inu (FLOKI) daily chart

FLOKI brought in three-digit gains in Q4 2021, lost bullish momentum after topping out at $0.00040 on Nov. 4, and hasn’t recovered since. After a month-long sideways consolidation, the digital asset traded at $0.000028 in Friday’s Asian-Pacific session.

Floki Inu (FLOKI) daily chart. Source: TradingView.com
Floki Inu (FLOKI) daily chart. Source: TradingView.com

Despite the advertising efforts, the token’s relative strength index (RSI) stood below 40, which could mean low return expectations from traders. Moreover, the trading volumes declined in the previous days, contradicting Floki bulls’ strong rally expectations.

Also read: Floki Inu dropped over 50% amid FLOKI contract upgrade.

Floki Inu’s transportation ad campaign resulted in an explosive 500% rally in late October. However, the digital asset erased the gains in the previous months, and the TV adverts have not brought in revenue yet. As of Mar. 18, FLOKI consolidated sideways at 0.000028. The upcoming sessions will show if the token can get back on its feet.

close
Floki Inu, Floki Inu advertises on mainstream TV, but that didn’t help FLOKI price – what to expect?

Subscribe Today
for our Weekly Newsletter

Free Weekly Crypto News without the spam.

Related Articles

Our Partners

SwapCoin.com RapidCoin.com ChangeNOW.com Paybis.com