Bittime - Floki, the Elon Musk-inspired memecoin, is back in the limelight after seeing a price surge of more than 23%, reaching $0.0002812.
Over the past week, Floki has shown very promising fundamentals, with various factors driving the price up.
This is evidenced by the token price surging by more than 39% over the last 7 days, getting closer to removing single digit zeros from its value.
Impact of FLOKI Trading Bots and Influence of Coinbase on FLOKI Price
More than one fundamental factor contributes to FLOKI's current price. One of the most important factors is the new initiative launched by FLOKI developers, namely trading bots.
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Launch of FLOKI Trading Bot on Telegram
A new trading bot has been launched on the Telegram platform to serve FLOKI token holders on the BNB Chain network.
The main goal of this bot is to drive demand for FLOKI tokens by providing easy access and purchase for users.
However, please note that this FLOKI trading bot charges a fee of 1% for each transaction made.
Interestingly, 50% of the transaction fees collected will be allocated to buying back FLOKI tokens on the open market.
This is an important strategic move in the world of memecoins, where tokens often have very large circulating supplies.
By reducing circulating inventory, it is hoped that FLOKI's future growth prospects will be even brighter.
FLOKI Popularity
Token burning has become a key strategy for projects like Shiba Inu (SHIB) and FLOKI to deal with oversupply.
Recently, FLOKI, as Coingape previously reported, has destroyed 15 billion of its tokens with the approval of Floki DAO.
FLOKI's popularity has been further boosted by its recent listing on Coinbase Perpetuals. Coinbase, the leading crypto trading platform in the United States, provides significant validation with this listing.
Also Read How to Buy Crypto:
The Return of Floki's Glory
Amidst the current rally trend of memecoin projects, there is a strong push to retest Floki's all-time high (ATH).
Floki's ATH currently stands at $0.0003437, and the token is just 17% below that target. This shows investors' desire to see whether Floki is able to reach the peak of his glory again.
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Conclusion
Positive social sentiment towards Floki, which has pushed it to the top of the charts on exchanges like Coinbase, allows for a 17% rise in the coming weeks.
If this positive sentiment continues, Floki has the potential to break through his new ATH. However, it is worth noting that competitors such as PEPE have surpassed their ATHs this month, indicating that the overall memecoin market is strengthening.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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