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๐๐๐Can I Still Purchase Floki? FLOKI Achieves First-Ever Record High๐๐๐
At noon UTC yesterday, the meme currency Floki ($FLOKI), named after Elon Musk's Shiba Inu, reached a new ATH of $0.0003449.
The fact that Floki is the most popular meme currency on Binance Smart Chain ($BNB) was widely mentioned yesterday throughout crypto social media and the blogosphere, which greatly contributed to the token's climb.
As of this writing, it is trading at $0.0003128, a decrease of 9.3% from its all-time high and 4.2% from its price one day ago.
The revelation of Floki's trading bot, which is built on Telegram and is now in limited beta testing, has piqued the interest of many investors.
There is a one percent fee associated with each transaction processed by the Floki bot, which uses the native utility token $FLOKI. The treasury will get half of the fee-based income, and half will be used to purchase back and burn $FLOKI tokens.
With the public launch set for "in a few weeks time," the new Floki bot will be available to the 480,000 holders of $FLOKI.
Floki was introduced in 2021 and was named after Elon Musk's Shiba Inu, the pet of Tesla CEO. Binance Smart Chain and Ethereum ($ETH) are both compatible with it.
The diagonal green line on Floki's trading chart shows that support has been increasing from $0.0001 to $0.0002 over the last three months. The coin has been steadily increasing in value since May's conclusion, breaking over the $0.00023 level of resistance and seemingly maintaining its new highs.
With Floki's price action in line with its 30-day moving average and a relative strength index of 53, it's unlikely that the token will see a major drop very soon. This bodes well for its ability to maintain and perhaps surpass its current gains.
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