Floki Inu Peaks As Shiba Inu, Pepe & DogWifHat Trend In Red

Juhi Mirza
Floki Inu Now Accepted as Collateral for Lending on Venus Protocol
Source: StormGain

Floki Inu is surging in terms of price, leaving core tokens such as Pepe, WIF, and Shiba Inu to trend in the reddish realm. The token is currently trading at $0.0001748, projecting bullish signals that may help the token soar to new heights.

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Floki Inu: Current Status and Trajectory

FLOKI Inu Dogecoin
Source – Wccftech

Floki Inu is one of the most robust crypto tokens in space. The token has always been known to introduce grand marketing strategies to streamline its presence, and it has always been one step ahead of the game. The token had recently launched a bunch of new offerings, including a telegram bot, intending to simplify crypto trading for traders and investors.

At the same time, the token also introduced a special burn mechanism with its bot. The feature consists of a bot charging a 1% fee on each transaction. 50% of the proceeds collected via the fee charged will be used to burn Floki tokens, establishing equilibrium in Floki’s price.

“The Floki Trading Bot charges a 1% fee on every trade and uses FLOKI as its main utility token: 50% of this fee buys and burns $FLOKI, while the rest goes to the Floki Treasury. This will enhance the utility of the FLOKI token while accelerating its deflation.”

The token is currently establishing a bullish price pace. Floki is surging past lead tokens such as Shiba Inu, Pepe, and Dogwifhat, leaving them in the reddish trend zone. At press time, SHIB is trading at $0.00001685 while WIF and PEPE are currently sitting at $2.05 and $0.00001082, down by nearly 2% and 5%, respectively.

Floki Inu Price Status: July

According to CoinCodex, Floki Inu may establish a new price record this month. The platform shared that the token may surge by nearly 227% to trade at a new high of $0.000586

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“The price of Floki Inu may rise by 227.02% and reach $0.000586 by August 1, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 51 (neutral). Floki Inu recorded 13/30 (43%) green days with 23.89% price volatility over the last 30 days.”