Main navigation

SHIB Rival Floki Inu up 35% After Scoring Important Exchange Listing: Details

Tue, 04/25/2023 - 08:27
article image
Godfrey Benjamin
Floki Inu leading market momentum today with its 35% price gain
SHIB Rival Floki Inu up 35% After Scoring Important Exchange Listing: Details
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Floki Inu, one of Shiba Inu's biggest rivals, is leading the altcoin momentum today as its price is changing hands at $0.00003846, soaring by 35.16% over the past 24 hours. At a time when Bitcoin (BTC) is helping to prolong the altcoin price slump, Floki Inu has wriggled away from the bearish trend and has pared off the losses it accrued over the past week.

Floki Inu is one of the top flyers in the meme coin world, and the current price action was fueled after the protocol announced its listing on Binance.US exchange.

The listing stands as one of the most important ones for the meme coin as a listing on Binance.US is a conduit to connect with a new and larger market in the most important market for digital currencies. Trading on Binance.US is also a vote of confidence in the meme coin, considering the fact that the United States Securities and Exchange Commission (SEC) is increasing its crackdown on key digital currencies being floated by trading platforms.

Floki Inu's community is particularly excited for the listing, reviving the ecosystem in a way that shows great promise for the protocol's future.

DOGE, SHIB Beat ADA, FLOKI In Terms of Social Sentiment Rise

Joining meme coin dominance war

The current upsurge in the price of Floki Inu has effectively helped it to increase its market capitalization. According to data from CoinMarketCap, the market cap of the Shiba Inu rival jumped by exactly 35% to help it reclaim a spot in the top 100 of most valuable digital currencies.

While Floki Inu is used to being in the spotlight for its high volatility, the current price action has even helped it gain more publicity for joining the meme coin dominance war. While Dogecoin (DOGE) and Shiba Inu appear to be the visible leader in the niche, Floki Inu is notably tagging along closely.

article image
About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on, Cryptonews and Coingape, among others.