Crypto.com Listing Drives Floki Inu Value by 5%

Sahana Kiran
Floki Inu
Source – Telegaon

Meme coins continue to reign over the market. While most of these assets were started as a joke inspired by Dogecoin [DOGE], some of them were seen gaining immense traction. Exchanges, however, have been skeptical about onboarding these assets. The ones that have made it, managed to further secure a pump. Floki Inu [FLOKI] was the latest one to join this list. Earlier today, Crypto.com announced that it was listing two assets, one of them being Floki Inu.

As per the announcement, deposits were made available for the meme coin. Trading, however, will soon follow suit. This listing is quite pertinent for the meme coin for an array of reasons. For starters, the 80 million user base of Crypto.com will make Floki Inu easily accessible to the masses.

It should be noted that the asset is already available to trade across several platforms. The meme coin can be traded on a number of different exchanges, including Gate.io, SuperEx, SecondBTC, OKX, and BitUBU. The majority of FLOKI/USDT trading pairs are accessible on these exchanges, with different liquidity and trading volumes.

Floki Inu: Bears make way for the bulls

At press time, FLOKI was trading for $0.00003918 with a 4.40% daily surge. The asset rose to a high of $0.00004094 all the way from a low of $0.00003577, earlier today.

Source – FLOKI/USDT Chart on TradingView

As seen in the one-hour chart of the meme coin, the bears were slowly leaving the Floki Inu market. The MACD indicator formed a bullish crossover as the signal line dipped below the MACD line. Additionally, the Relative Strength Index [RSI] indicator noted that buyers were still in the market. However, the RSI line was slowly dropping to the neutral zone which indicates minimal buying or selling pressure.

While Floki Inu failed to garner gains of a greater magnitude, the community was ecstatic following the listing.