Floki Inu’s price is surging while core tokens like Pepe, WIF, and Shiba Inu are in the red zone. The token is currently trading at $0.0001748, signaling a bullish signal that could help the token surge to new highs.
Floki Inu: Current Status and Development Trajectory
Floki Inu is one of the strongest crypto tokens in the space. The token is known to have always used grand marketing strategies to simplify its existence and always be one step ahead. The token recently launched a series of new products including a Telegram bot that aims to simplify crypto trading for traders and investors.
At the same time, the token also introduces a special destruction mechanism through its bot. The function consists of the bot charging a 1% fee for each transaction. 50% of the proceeds obtained by collecting fees will be used to destroy Floki tokens, thus establishing a balance in the price of Floki.
“The Floki trading bot charges a 1% fee on each trade and uses FLOKI as its primary utility token: 50% of this fee is used to buy and burn $FLOKI, and the rest goes to the Floki treasury. This will enhance the utility of the FLOKI token while accelerating its deflation.”
The coin is currently establishing a bullish price pace. Floki is outperforming leading coins such as Shiba Inu, Pepe, and Dogwifhat, placing them in the red trend zone. At press time, SHIB is trading at $0.00001685, while WIF and PEPE are currently trading at $2.05 and $0.00001082, down nearly 2% and 5% respectively.
Floki Inu Price Status: July
According to CoinCodex, Floki Inu could set a new price record this month. The platform said the token could surge nearly 227% and trade at a new high of $0.000586
“Floki Inu’s price could increase by 227.02% to $0.000586 by August 1, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear & Greed Index shows 51 (Neutral). In the past 30 days, Floki Inu recorded 13/30 (43%) green days with a price volatility of 23.89%.