Altcoins

Floki Inu Price Rally! Traders Investing SHIB Profits in DOGE & FLOKI

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In the cryptocurrency market, it’s meme cryptocurrency season. Floki Inu joins the club after a stunning rally in Shiba Inu (SHIB) during the last few weeks. Elon Musk’s pet dog, Floki, has reached a new all-time high (ATH) of $0.00025 in the cryptocurrency Floki. The meme cryptocurrency has risen by more than 50% in the previous 24 hours, as lead performer Shiba Inu (SHIB) takes a break after a massive gain. 

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SHIB, DOGE and now FLOKI

As previously said, FLOKI’s latest gain coincides with the investment frenzy surrounding meme cryptocurrencies. Over the previous several weeks, the Shiba Inu (INU) has invaded the market, becoming the top-ten cryptocurrency by market valuation. 

The SHIB crypto has been resting for a bit after hitting an all-time high of $0.0008 earlier this week, while other players like FLOKI and Dogecoin have taken the lead. This year’s investment excitement with meme cryptocurrencies is at an all-time high. It’ll be interesting to see if FLOKI can keep its price surge going by taking the SHIB route.

Members of the Shiba Inu meme coin community-produced Floki inu, which was inspired by billionaire Elon Musk’s Shiba Inu dog named Floki. Musk is a cryptocurrency advocate and is renowned as the “Father of Dogecoin,” the world’s most valuable memecoin by market capitalization.

The advertisement for Floki Inu can be found all around London’s public transportation system. Advertisements featuring the phrase “Missing Doge?” To attract new investors, the phrase “Get Floki” is plastered across London subway stations, trains, and buses. The advertisements are paid for by a fee levied on consumers of the pet-themed cryptocurrency. 

In the last seven days, the price of Floki Inu has increased by 238.5%. In the last 24 hours, the price has risen by 48.8 percent. The price has dropped 9.3 percent in the last hour and is currently trading at $0.00023091.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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