Story Highlights
FLOKI price has gained huge bullish momentum and triggered a rise of over 20% since the early trading hours

With this, the memecoin leads the top gainers with an aim to secure another 10% rise before the day’s close

While the crypto markets are failing to exhibit volatility regardless of the series of bullish events, memecoins have again taken centre stage. The prices of Pepe & Bonk have been inflating for the past few days, followed by FLOKI and other memecoins. This suggested the market participants were more lenient towards them, which also showcases positive prospects. In the meantime, FLOKI managed to break above the ascending consolidation and secure levels above the crucial resistance zone.
With a huge rise of over 200% in its trading volume, the market cap and the value of a popular memecoin, FLOKI smashed by above 20%. Despite a bearish start for the day, huge gains were recorded, followed by a massive influx of buying pressure. With this, the FLOKI price that broke above the decisive symmetrical triangle and accomplished a retracement is now heading to test the highs at $0.0003.

Now the question arises: will the FLOKI price surge by another 10% to mark new highs before the end of the day?
The above daily chart displays a clear breakout from the ascending channel, which failed in the previous attempts. The volume also gained momentum, which materialised the current upswing above $0.00027. Although, the DMI is bullish and the stoch RSI heads towards the upper threshold, the possibility of a close beyond $0.0003 appears to be a tedious job. As the bears have begun to extract some profits, the pace of the rally could be slashed.

Nevertheless, the short-term price action continues to remain bullish, as the price still managed to rise after withstanding an interim bearish pressure. This suggests, that after a minor relaxation, the bulls may resume elevating the levels beyond the current highs. Therefore, a bullish close above $0.000275 or $0.00028 may keep the token within the bullish range. Hence, the FLOKI price is believed to mark a new ATH anytime from now, as the bulls have held a tight grip over the rally.$FLOKI

ERC-404 is a new and experimental token standard in the cryptocurrency. It blends characteristics of both ERC-20 & ERC-721 Token Standards. The blend also shape the characteristics of new product and enables features of both standards. ✴️ What Is ERC-404 ERC-20 is a standard used for fungible tokens like cryptocurrencies Example - ETH,LINK,MKR, etc and ERC-721 is used for non-fungible tokens (NFTs) Example- Ethermon, MyCrypto, Cryptodoggies, etc. The ERC-404 standard integrates these functionalities in a unified framework, allowing for new possibilities in token usage and flexibility, particularly in decentralized finance (DeFi) and NFTs.🔅 How Does ERC-404 Works?The easiest way is to describe it using an example. The first project to use the ERC-404 standard was Pandora, which has an issue of 10,000 tokens and 10,000 NFTs. Each holder of a fungible token also receives an NFT associated with the fungible token. Each time a user buys or sells $PANDORA, the NFT is minted or burned.So far, Pandora and other ERC-404 tokens have seen huge gains over the past few days and keep growing. It also fits nicely into the current narrative of meme tokens. ⚡ Pros and Cons of ERC-404🔹ERC-404 is designed to solve one of the key problems of NFTs, their liquidity, meaning it could be a game-changing solution for the NFT market. 🔸While the new token standard is attracting a lot of attention, it has one significant drawback: ERC-404 is unaudited, which means it may have significant vulnerabilities. Be careful and DYOR!🔆 Courtesy🔹Cryptorank🔸Bankless🔹The Block © This composition is not endorsed by any entity; the names mentioned are solely for informational purposes. By stating this, we absolve ourselves of any liability for losses incurred if you invest in this project after perusing our article. This article should be regarded as a source of information, not financial counsel. Please note that this disclaimer is intended to protect both the reader and the author.⚡ More Alpha, Join Us, Follow  Us, Share Us ⚡ @Techandtips123 #TrendingTopic