Advertisement
AD

Main navigation

Shiba Inu Rival FLOKI up 25% as Binance Event Is Announced: Details

Advertisement
Mon, 21/11/2022 - 14:19
Shiba Inu Rival FLOKI up 25% as Binance Event Is Announced: Details
Cover image via stock.adobe.com

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 token from Floki Inu, which could be considered a kind of opponent of Shiba Inu (SHIB) in the fight for a place under the crypto sun after Dogecoin (DOGE), finished yesterday with a positive 25.2% in price. The reason for such a powerful price action on the market, whose condition now ranges from apathetic to depressed, may be the upcoming Binance AMA conference, which became known on the evening of Nov. 19.

Advertisement

The news that Floki Inu will hold an entire conference with one of the largest crypto exchanges took FLOKI's price up 40% at one point. This pump can be partly explained by the fact that, although Floki Inu is a Binance Smart Chain project, the cryptocurrency has no listing on Binance itself. As we already know, not only listing on such big venues, but even a hint of it — as happened with FLOKI — can lead to such price cataclysms.

Can FLOKI flip SHIB?

Let's answer this question right away by saying that this will definitely not happen in the foreseeable future. FLOKI is almost a year younger than SHIB, has an unverified capitalization of $80 million and hardly squeezes into the already crowded meme coin space.

Article image
FLOKI to USD by CoinMarketCap

Of course, the project can win and hold an audience, but it seems that the further it goes, the more unnecessary projects will be rigidly cut off from the crypto market. An alternative to such a fate is to offer something really interesting to its participants.

Advertisement

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD