The exponential 13% rise of Floki captures the spotlight

• Floki, a memecoin, has seen a significant increase in its value.
• Floki has clarified that no founder is associated with the network.
• Floki’s transaction volume has increased by 546.07% in the past 24 hours.

Floki , a well-known memecoin, has substantially increased its value over the last 24 hours. The price escalated from 0.0000172 to 0.0000197, and despite a minor dip, it presently sits at $0.00001756. The unique aspect of this increase is that while Floki’s value is climbing, other leading memecoins such as Shiba Inu , Dogecoin , and Pepe are experiencing a downturn in their market performance.

The recent spike can be traced back to a fresh tweet from the Floki team. A few hours prior, they tackled the Fear, Uncertainty, and Doubt (FUD) prevalent in the community. The Floki ecosystem, in their tweet, clarified that no founder or co-founder is associated with the network. This clarification was made in response to allegations that “PetabyteCapital” was the network’s executive. The network underscored its nature as a “community project”, asserting that it has no record of any high-ranking executives.

The report additionally emphasized that there are instances where individuals inaccurately claim affiliation with the network to create buzz and advance their fraudulent schemes. It further stressed community members’ need to conduct comprehensive investigations and make educated investment choices.

In the interim, @100viking, a collaborator at Floki, has also separated themselves from any claims of being the project’s founder or co-founder. Despite their substantial contribution to single-handedly revitalizing the project. Importantly, @100viking utilized their resources to reinvigorate the project following a developer’s withdrawal, subsequently transferring control to the community.

What’s coming up from Floki?

Floki is pursuing worldwide recognition and has made considerable strides in the expansive Asia-Pacific (APAC) region via strategic alliances. The digital currency’s ecosystem encompasses the NFT metaverse game Valhalla, scheduled for mainnet release later this year. This groundbreaking game is expected to influence China substantially, considering its gaming community of more than 700 million.

Furthermore, Floki has launched a marketing initiative in partnership with Badminton Asia, targeting a potential audience of over 600 million individuals, which includes 250 million households in China and Hong Kong. In addition, Floki has expanded its visibility by forming a partnership with ITTF World Table Tennis, reaching over 500 million fans of the sport.

A review of FLOKI’s latest price fluctuations shows a strong ongoing conflict between sellers and buyers. The short-term 9-day exponential moving average (EMA) is presently at $0.00001764, signaling a precarious bullish outlook. The Relative Strength Index (RSI) is at 43, indicating potentially oversold conditions shortly.

The transaction volume of Floki has experienced a significant increase of 546.07% in the past 24 hours, amounting to $51 million.