- FLOKI surges 8.7% in 24 hours, fueled by roadmap and 215B token burn.
- Floki Inu expands with digital banking and DeFi plans.
- Technical analysis showed that there might be an opportunity for more positive movement in Floki’s price.
Floki (FLOKI) has been in a bullish rally in the last 24 hours after establishing support at the intra-day low of $0.0002283. The meme-inspired cryptocurrency has unveiled an ambitious roadmap for 2024, aiming to transition from its status as a mere memecoin to a more utilitarian token within the digital finance landscape.
This shift is underscored by advancements in digital banking, DeFi integration, and the upcoming launch of its metaverse game, Valhalla.
FLOKI/USD 24-hour price chart (source: CoinStats)
FLOKI/USD Technical Analysis
Against the backdrop of these developments, Floki Inu’s market performance has exhibited resilience. Despite a brief correction, the token has seen an 8.7% increase in value over the past day, with monthly gains of 600%.
This upward trajectory is further supported by a token burn strategy, with approximately 215 billion FLOKI tokens eliminated from circulation in March.
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