FLOKI is a recently popular meme coin. Due to necessary events, its price has risen to the highest level in the past six months. FLOKI was recently included in Coinbase's listing plan, which caused its price to soar.
FLOKI currently has a market capitalization of $2.512 billion, surpassing 11 other meme coins and ranking sixth among meme coins.
Coinbase roadmap drives FLOKI price surge
FLOKI's inclusion in Coinbase's listing plan is one of the biggest positives for the token. The released statement has sparked traders' interest in the asset, and the price is expected to rise again after its inclusion.
Currently, FLOKI's trading price is $0.00026777. It is expected to rise further in the short term.
Since the announcement, influencers on social media platforms and members of the FLOKI community have increased their attention on FLOKI. Trading volume has increased, indicating enhanced market activity and investor interest. This not only pushed FLOKI's price higher but also made the token one of the most promising investment meme coins.
FLOKI has established partnerships with Dubai and Hong Kong to enhance its global influence.
FLOKI's initiated PlayToEarn MMORPG Valhalla has signed a brand collaboration agreement with the Dubai Mall. The PlayToEarn MMORPG will occupy 93 digital screens in the mall. The target audience of the mall is 111,500 people daily.
This collaboration is the next significant step in FLOKI's global promotion plan, which will help it gain more recognition in areas where interest in blockchain gaming is increasing.
The Dubai Mall is a world-class shopping destination, thus providing FLOKI the opportunity to reach millions of potential users. This collaboration also aligns with FLOKI's plan to leverage influential figures to develop community and increase visibility.
It emphasizes the fact that the project aims to establish a long-term presence in the cryptocurrency and traditional finance sectors.
Another important collaboration is FLOKI's partnership with the Hong Kong International Sixes cricket tournament, which is being held after seven years. The tournament, taking place from November 1 to 3 at the Kowloon Cricket Club, attracted numerous international teams and garnered widespread attention.
Strong market momentum and future prospects
From a technical perspective, FLOKI also seems poised for further growth.
This meme coin has consolidated for a while and has recently begun to make higher highs and higher lows. The key retracement level is $0.00027, from which it may break through to $0.00030 or higher levels.
The relative strength index is currently 74.97, indicating an overbought condition. While this may lead to short-term consolidation, strong trading volume and bullish sentiment suggest the upward trend may continue. Support at $0.00020 indicates it is ready to rebound against any potential bearish pressure.
