Post By: CryptosHeadlines.com

In the past week, the cryptocurrency market has been very active, with many tokens experiencing significant price increases. This suggests a strong bullish trend in the market. Notably, FLOKI’s price has jumped more than 22% in the last 24 hours, making it the top performer in the industry.The main reason for FLOKI’s price surge is believed to be an upcoming project. The platform is set to introduce a unique staking feature for users, which is expected to launch soon.
TokenFi Launch Adds to the Excitement
This launch will also reveal information about its sister token, TokenFi, trading under the ticker symbol $TOKEN. This introduction of a new meme token has generated excitement, leading to a surge in FLOKI’s price.

TradingView: FLOKI/USDT
FLOKI Price Trends and Market Behavior
In the crypto world, staking events have sometimes led to price drops in tokens, as seen with Ethereum and Chainlink. For instance, after their staking programs, Ethereum’s price fell, and Chainlink’s price remained relatively stable. The question is whether FLOKI will follow a similar trend.
At the beginning of October, FLOKI’s price traded within a tight range, moving between $0.00001629 and $0.00002046. However, after a market surge, the price broke through its resistance level and made a run towards its upper resistance level at $0.00002698, but it faced rejection there.
Following this, the price stayed close to the upper level for a while. Later, FLOKI made another attempt and successfully broke out of the $0.00002698 level. It briefly traded around $0.00003300 for a day before gaining more momentum, breaking out once again, and increasing in value.
The price faced rejection twice at $0.00004001, and it has been trading between support at $0.00003305 and resistance at $0.00004001. This trading pattern has formed what’s known as a rising channel.
The MACD (Moving Average Convergence Divergence) indicator has been showing substantial price volatility for about a week. This indicates ongoing significant price movements in the market. Additionally, a rising green histogram on the chart suggests that the price may continue to increase for a while before a possible correction.
FLOKI’s Potential Price Scenarios
If the bulls maintain their strength and manage to break through the resistance level at $0.00004001, FLOKI could regain momentum. This could lead to another price surge, testing the upper resistance level at $0.0000430.
Should the broader market maintain its positive momentum following the staking program, FLOKI might continue to rise and aim to test the resistance level at $0.0000450 in the days ahead.
Conversely, if there’s a shift in the trend, and the market experiences a downturn, FLOKI’s price could lose momentum and fall, testing the support level at $0.00003305.
If the bulls are unable to regain control at that level, the price may continue to decline. It might even test the lower support level at $0.00002698 by the weekend and potentially fall back to its pre-surge levels in the following week.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #FLOKI #FlokiInu #TokenFi

A cryptocurrency exchange that offers trading for Bitcoin, Ethereum, XRP, and other #Cryptocurrencies , has added #TokenFi ($TOKEN) to its list of available cryptocurrencies.On November 3, 2023, at 13:00 (UTC), the exchange launched the TOKEN/USDT pair.With its streamlined user experience, TokenFi is a platform that streamlines the intricate process of asset tokenization for users of all skill levels.Voters on these listing initiatives will stake the exchange's native #crypto token, in order to participate. Exchange seeks to democratise token listing rights by giving users the ability to vote.The native platform token of exchange is called (BTR), and it offers its users advantages like the ability to vote for #cryptocurrency coins to join the exchange and some of the best interest rates available in the market.The exchange also offers leverage #trading with close to 0 risk of liquidation and supports BTC, ETH, $XRP , $ADA , VET, $DOGE , BTR, and more. Users can stake TokenFi TOKEN on the exchange to earn rewards.

Bitget announced the delisting of TokenFi (TOKEN) citing potential price manipulation and liquidity issues.Floki has responded by saying the exchange listed the tokens against requests not to at the time.The listed version was reportedly a fake one, apparently the listing resulted in millions worth of trades.
The Floki team has responded to Bitget’s delisting of TokenFi (TOKEN) by saying that the crypto exchange ignored requests not to list the token until after seven days of it going live.

What is Floki saying about $TOKEN listing on Bitget?
Apparently, Bitget disregarded this request and listed $TOKEN, which Floki now says was a “fake version”. It also went on to allow trades worth millions of dollars on the token, allegedly without holding the equivalent in assets to facilitate customer withdrawals.
One of the announcements warning against the fake $TOKEN is this:
Floki accuses Bitget of listing $TOKEN 12 minutes before the tokens officially became tradable.
“Not only did #Bitget list a fake token, which they claim to be associated with Floki, against our request and before our token officially went live, they also DECEPTIVELY traded tens of millions of dollars in $TOKEN volume without any blockchain evidence of them having a single unit of the actual token in any of their wallets to represent user purchase of these tokens on their exchange,” a statement posted on X reads.
The said fake $TOKEN listing has left Bitget with a $10 million hole that they need to plug, with this requiring about 10% of the #TokenFi total supply. However, since most of the supply is currently locked in Floki’s staking pool, a lack of liquidity sees the exchange unable to buy $TOKEN from the market.

As highlighted earlier, Bitget had accused Floki of not providing enough liquidity after its token launched and cast doubts on the tokens’ treasury and vesting schedule.