The launch of the Floki ETP is seen as a significant milestone for this memecoin, promising to expand investment opportunities and enhance stability in the cryptocurrency market. Here are notable points and prospects related to this event:
1. Launch of Floki ETP on the Swiss Stock Exchange (SIX)
• Expected timeline: Q1 2025, possibly as early as January.
• Exchange: SIX, the largest stock exchange in Switzerland and the third largest in Europe, provides easy access for both institutional and individual investors.
• Significance: This makes Floki the second memecoin (after Dogecoin) to have an ETP listed on a major stock exchange, contributing to increased trust in the investment community.
2. Support from the FLOKI DAO community
• FLOKI DAO has passed the proposal with 99.9% approval, demonstrating strong consensus from the community.
• Liquidity funding: Using 16.3 billion tokens (equivalent to $2.8 million) to support liquidity for the ETP.
• Supply reduction: Unused tokens will be burned, creating a deflationary effect and potentially boosting the value of FLOKI in the long run.
3. Recognition from the CFTC and growth potential
• Recognition from the CFTC: FLOKI is classified as a utility token in the GMAC meeting in November 2024, paving the way for widespread acceptance.
• Price prediction: According to analysis, FLOKI could rise over 50%, targeting a price of $0.0005467298, thanks to bullish signals and momentum from the ETP.
4. Potential impact on the market
• Easier access: Investors do not need to directly own FLOKI but can still gain exposure to this coin's market performance through the ETP.
• Comparison with Dogecoin: The launch of Dogecoin's ETP on Sweden's Spotlight market previously caused a strong price surge. A similar trend could occur with FLOKI.
5. Metaverse project and ecosystem
• Valhalla: Floki's NFT-based metaverse game is expected to launch in early 2025, using FLOKI as the main currency. This is a key factor driving the demand for FLOKI within the ecosystem.
Conclusion
The launch of the ETP in Switzerland, combined with initiatives like Valhalla and strong community support, is laying the groundwork for a booming 2025 for Floki. However, like any investment, investors need to consider potential risks before entering the memecoin market.