FLOKI – THIS could help the memecoin reclaim $0.00018
Floki has surged by 4.17% over the past 24 hours amidst a strong upward momentum.
Keep up with what's happening in the crypto world in real-time.
Floki has surged by 4.17% over the past 24 hours amidst a strong upward momentum.
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FLOKI may have entered a long-term downtrend after the 50-day SMA crossed below the 150-day SMA.
As Bitcoin (BTC) hits its lowest level since mid-November, major meme cryptocurrencies are on the list of the worst performers in the last 24 hours. Meanwhile, the liquidation tsunami erased over half a billion in crypto positions.
Crypto analyst Investing Haven has provided a bullish outlook for the FLOKI, predicting that the meme coin could record a 200% surge. The analyst also revealed what must happen before FLOKI can record such a parabolic price surge.
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A closely followed analyst believes the meme token Floki (FLOKI) is gearing up for rallies en route to fresh all-time highs (ATHs). Pseudonymous analyst Bluntz tells his 306,200 followers on the social media platform X that FLOKI appears to have completed an ABC correction on the daily chart.
FLOKI price action mirrors that of PEPE in early 2024 suggesting the same could follow in Q1 2025.
Crypto analyst Master Kenobi has revealed two levels to watch out for before the FLOKI price hits a new all-time high (ATH). The analyst also revealed the timeline for when the top meme coin could reach these price targets.
Earlier this week, FLOKI's open interest stood at $16M.
For meme coin projects, 2024 was a year of tremendous volatility, characterized by sharp declines, quick expansion, and well-publicized scandals.
Through a unanimous vote, the Floki DAO has decided to allocate 16.3 billion tokens as liquidity for the launch of the ETP on Floki.
The Floki DAO has unanimously approved a proposal to allocate part of the 16.3 billion Floki tokens from its community buyback wallet as liquidity for a Floki exchange-traded product.
Floki (FLOKI) DAO members unanimously voted to use a portion of the funds from a community buyback wallet, totaling 16.3 billion tokens, as liquidity for the upcoming Floki exchange-traded product (ETP) in the EU.
The Floki DAO has unanimously approved the allocation of liquidity for creating a Floki Exchange-Traded Product (ETP), marking a significant step toward mainstream financial integration, with plans to launch on the SIX Swiss Exchange in early 2025. The post Floki DAO Unanimously Approves Liquidity Allocation for Floki ETP Creation appeared first on Cryptonews.
The Floki DAO has approved a proposal that seeks to allocate a portion of Floki supply as liquidity funding for a Floki exchange-traded product.
Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.
Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.
The renowned dog-themed meme crypto Floki has set the crypto town abuzz, primarily with its looming ETP launch. Following the footsteps of Dogecoin, this looming exchange-traded-product launch has echoed substantial optimism over other meme coins' future actions.
The Floki community recently voted in favor of a proposal that will help create the liquidity needed for the ETP launch, which is now set to go live by Q1 2025. When it goes live, it will become the second memecoin ETP on a regulated stock exchange, following in the footsteps of the Dogecoin ETP.
With so many holders watching closely, FLOKI's recovery could depend on the timing and strength of a potential rally.