Floki Inu (FLOKI) has been listed on Mercado Bitcoin, the largest and most respected cryptocurrency exchange in Brazil. This move has sparked much excitement and speculation among cryptocurrency enthusiasts, especially those who have invested in the meme coin.
The question on everyone’s mind is how this listing has impacted the price of Floki Inu. Given the size and reputation of Mercado Bitcoin, it’s not surprising that many are predicting a significant boost in the coin’s value.
However, as with any investment, there are no guarantees, and it remains to be seen how the market will react to this news. Let’s delve deeper into the implications of Floki Inu’s listing on Mercado Bitcoin and examine the factors that may influence its future price movements.
Floki Inu Goes To Brazil
Since its launch in June 2021, Floki Inu has gained a substantial following and become a favorite among meme coin enthusiasts. Its popularity has been fueled by Elon Musk’s tweets, which have often featured his Shiba Inu dog, Floki.
While the coin’s value initially experienced some turbulence, it has since stabilized, and many believe that it has the potential for significant growth in the future.
— FLOKI (@RealFlokiInu) May 12, 2023
The listing on Mercado Bitcoin is a significant milestone for Floki Inu as it opens up a new market and brings the coin to a wider audience. Mercado Bitcoin is the largest cryptocurrency exchange in Brazil and is known for its stringent listing requirements and high trading volume.
Price Movement Following Mercado Bitcoin Listing
After a turbulent period, the price of Floki Inu on CoinGecko currently stands at $0.00003512, with a 4.6% increase in the past 24 hours. However, the coin has experienced a decline of 21% over the past seven days.
The exchange’s decision to list Floki Inu is a testament to the coin’s legitimacy and potential. Moreover, it provides a level of credibility that could help increase investor confidence in the coin
The coin’s performance has been mixed since its listing, and the price movement has been somewhat unpredictable. Despite this, there have been some positive signs, as the coin has maintained a 3.4% increase over the past 30 days.
BTC loses grip on the $27K handle. Chart: TradingView.com
It remains to be seen how the market will react in the coming weeks and months, and whether Floki Inu will experience sustained growth or continue to see volatility.
FLOKI’s listing on Mercado Bitcoin represents a significant milestone for the coin, and many investors remain optimistic about its long-term potential.
-Featured image from StormGain