As a crypto investor with some experience under my belt, I’m thrilled to witness the remarkable surge in FLOKI’s price within the last 24 hours. Reaching $0.00028 and outperforming its peers like SHIB, PEPE, and WIF is not just impressive but also a clear indication of the token’s growing potential.
Over the past day, the price of FLOKI has surged by 14.40%, reaching a new high of $0.00028. At present, it is outshining its competitors such as Shiba Inu (SHIB), PEPE, and Dogwifhat (WIF). The prices of these cryptocurrencies have risen by up to 0.53%, 3.10%, and 5.79% respectively.
The remarkable achievement of Floki’s performance can be attributed to various elements, one significant being the on-chain execution of a $15 billion token burn within the last month. This action has significantly contributed to the price surge, reaching an all-time high of $0.0003119 on May 28, 2024. Consequently, there has been a substantial increase of approximately 40.74% in FLOKI’s value.
Additionally, the token has recently become listed on various exchanges, broadening its availability and making it easier for more individuals to access. Furthermore, a trading bot has been introduced on Telegram for enhanced convenience.
Floki’s achievement can be evidented in its latest price trends. Moreover, the cryptocurrency has made headway by surpassing a notable benchmark regarding Total Value Locked (TVL), making it the first meme coin to hit over $820 million in this year. In contrast, Shiba Inu’s TVL in DeFi remains stagnant at merely $2.45 million despite its groundbreaking initiatives through Shibarium Network.
As an analyst, I’m thrilled to report that Floki has surpassed its all-time high in Total Value Locked (TVL) within its ecosystem, reaching a remarkable $820 million. This achievement is attributable to two of Floki’s key products:
— FLOKI (@RealFlokiInu) May 28, 2024
Amidst the fierce competition among meme coins, Dogecoin (DOGE) maintains its lead with the largest market capitalization. Meanwhile, Shiba Inu and PEPE rank as the second and third largest meme coins by market value respectively.
Despite having a trading volume that is declining and a circulating supply representing 96.94% of its maximum supply, FLOKI maintains the #44 position in the market cap rankings on CoinMarketcap, with an impressive valuation of $2.71 billion.
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2024-06-04 01:40