Investors Receive a New Boost from the Simon's Cat Airdrop, and What Comes Next for the FLOKI Coin Price?
A fresh boost has been provided to investors in the Floki Inu meme currency. This boost comes in the form of a significant airdrop of a fun and popular new meme coin known as Simon's Cat (CAT) into Binance accounts. However, this has not been successful in increasing the price of the FLOKI coin.
According to TradingView, the price of the FLOKI coin was last seen trading at about $0.0001230, or a decrease of little less than 4% on the day.
A significant CAT meme currency airdrop was just distributed to holders of FLOKI on Binance by the exchange.
The FLOKI coin price is just around 10% above its recent lows of $0.00011, which is not much for a meme currency like Floki. However, Wednesday's losses have left the price of the FLOKI coin at that level.
In contrast, the price of FLOKI coins has dropped by almost 65 percent from their previous annual highs.
It is possible that the price of the FLOKI coin may continue to decline.
Because FLOKI has consistently rejected resistance in the shape of its 50-day moving average over the last several weeks, this is the reason.
When it comes to the price of FLOKI Coin, the Simon's Cat Airdrop provides investors with a new boost. This indicates that bears are now in charge of this market.
There is a possibility that the recent lows below $0.00010 may be retested.
It should come as no surprise that investors are looking more closely at other meme currencies given the pessimistic forecast for the price of Floki coin.
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