FLOKI Soars 26% In A Single Week, Shares 2023 Roadmap Update

Opeyemi Sule

Last Updated: June 11, 2024 12:59 pm

3 mins read

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Floki Inu (FLOKI), the popular meme coin, has been on a steady rise in the past few days both in price performance and general adoption. Exactly a week ago, crypto giant Binance added the cryptocurrency to the Metaverse and Gaming sections on its exchange.

After a slow start, the price of FLOKI seems to be finally leveraging the positive sentiment surrounding it.

FLOKI Surges 26% In 7 Days – Price Action

FLOKI has registered a significant 25.9% price rise in the past seven days, having broken out of the consolidation zone earlier this week. The price of Floki Inu started moving sideways after falling almost vertically on June 10, losing more than 20% of its value in a single day.

It appears that the token might be gaining some momentum at the moment, albeit with only a 1% price increase in the last 24 hours. FLOKI is currently being held at a key resistance and would need to breach this threshold if it is to continue on its upward trajectory.

FLOKIUSD trading at $0.0000261117 | Source: FLOKIUSD chart from TradingView

Moreover, it is worth noting that the daily Relative Strength Index, an indicator that tracks the balance between buying and selling pressure, has barely crossed the 50 mark. This indicates that a bullish run is still uncertain.

As of this writing, Floki Inu changes hands for $0.00002687, with a 24-hour trading volume of more than $78.4 million. According to data from CoinGecko, the coin is currently 52% away from its 2023 high reached on February 17.

FLOKI INU Shares 2023 Roadmap Update

On June 22, 2023, Floki Inu’s official Twitter account released a tweet giving an update on the ecosystem’s 2023 roadmap. It is a summary of some of the projects their developers have in the pipeline.

The first item on the roadmap update is a major upgrade for the FlokiFi Locker, a protocol for securing digital assets, such as Liquidity Pool (LP) tokens, NFTs, and fungible assets. This advancement, which is being touted as FlokiFi’s biggest upgrade yet, will integrate native payments, burn mechanisms, a referral program, and other functionalities.

Source: Floki Inu

Furthermore, the tweet mentioned a “major DeFi lending and borrowing integration”, which will allow users to collateralize their FLOKI tokens to borrow other cryptocurrencies from “the biggest lending protocol on the BNB chain”. Meanwhile, a staking program is being tested at the moment and will launch as soon as internal checks are over.

A new and improved FlokiFi design is also in the works. Other projects mentioned in the 2023 roadmap update include Project TL and Valhalla. All of these developments are expected to occur by the end of 2023.

Featured image from iStock, chart from TradingView

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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