Floki Surges 60% As It Breaks Into The Top 60 Coins in the World

Popular dog-themed altcoin Floki Inu (FOLKI) is continuing a huge surge, breaking into the top 60 cryptocurrencies in the world by market cap. It is currently up well over 60% in the past 24 hours at press time.

The FLOKI coin has a market cap of $2.19B, good enough for #55 on the charts, according to CoinMarketCap. Furthermore, since March 2023, FLOKI’s price has surged by over 460%. With the continued growth that it’s shown in the past month, it is very possible that the SHIB-inspired token could break into the top 50 coins soon.

FLOKI Inu Dogecoin
Source – Wccftech

Also Read: Can Brett Reach $0.10 in 2024?

FLOKI and other Altcoins Fueled by Bitcoin (BTC) Surge

While Bitcoin is a few percentage points down from touching its all-time high recently, the leading cryptocurrency continues to pump into other cryptocurrencies and altcoins. This includes meme-tokens such as FLOKI, PEPE, and Shiba Inu (SHIB). With BTC approaching its previous peak, many investors hope other altcoins will follow BTC’s path.

FLOKI is still significantly down from its 2021 high, as are most altcoins. However, the BTC pumping is pumping new life into the market, thus causing Floki Inu to surge. Both FLOKI and BTC reached their respective peaks around the same time. Therefore, there is a possibility that the memecoin will display a similar pattern this time around as well.

Also Read: Bitcoin March Madness: Brace for Price Surges and Dips

In the past 24 hours, trading volume for FLOKI has jumped by over 500%. It is clear to see that hype is building around the token, therefore, investors can correlate this surge to a potential surge in price as well. Other dog-themed currencies, including SHIB and DOGE, are seeing similar surges.


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About the Author: Daniel