Floki Floats 22% On Marketing Blitz, Aims For ‘World’s Most Used Crypto’ Title
May 28 2024 - 4:30AM
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Floki, the self-proclaimed “Doge Killer,” is taking a bite out of
the memecoin market with a bark and a marketing blitz. The Shiba
Inu-inspired cryptocurrency announced plans for its most aggressive
marketing campaign yet, sending its token price skyrocketing.
Related Reading: Red Hot Chiliz: Analyst Predicts 4x Your Money
With Upcoming Breakout Floki’s Aggressive Marketing Push Floki’s
marketing director, Sabre, remained tight-lipped about the
specifics, but promised the upcoming effort would dwarf anything
they’ve done in the past two years. This news, coupled with the
announcement of Floki futures trading on Coinbase coming May 30th,
fueled a 24-hour price surge of 22%, propelling Floki to the top of
the memecoin heap. Shout out to those with longer term memories
that know what to expect from #Floki and our ™ moves. With the
experience and knowledge to navigate the toughest challenges, we
are gearing up to announce our biggest marketing activations in
over 2 years across the coming months📍 pic.twitter.com/UOo4awAD8o —
Sabre (@SabreEthereum) May 27, 2024 This is basically Floki
strapping on its jetpack and aiming for the moon. The marketing
blitz shows they’re serious about taking over the memecoin space,
and Coinbase listing futures is like getting a thumbs-up from the
crypto trailblazers themselves. According to Sabre, the upcoming
marketing push will help Floki in “dominating” the memecoin field
and achieving its objective of becoming the “most widely utilized
cryptocurrency in the world.” Floki isn’t the only dog chasing its
tail in the memecoin race. Coinbase is also adding rival memecoins
Shiba Inu and Bonk to its futures roster. But with Floki leading
the pack in price gains, it seems to have stolen the early show.
The price rally marks a significant turnaround for the coin. After
bottoming out in April, the token has been on a steady climb, but
Monday’s announcement ignited a breakout, pushing prices to an
11-week high. This represents a staggering 160% increase since
mid-April. However, analysts caution that Floki’s victory lap might
be premature. The memecoin market is notoriously fickle, and
external factors like economic headwinds and the ever-present
threat of dogecoin dominance could throw Floki a curveball.
Additionally, the success of Floki’s marketing campaign remains a
mystery. Floki: Market Performance The memecoin’s most recent major
marketing campaign targeted visitors in New York’s Times Square,
where the brand was emblazoned on screens near the Nasdaq billboard
for two months, starting on March 15. Today, the price of FLOKI is
$0.00027, with a 24-hour trading volume of $1,025,844,340.44. This
marks a 27.82% increase over the past week. With a circulating
supply of nearly 10 trillion, the market cap stands at $2.6
billion. Related Reading: Chart Whisperer Spots Algorand Breakout:
Get Ready For A 50% Rally Featured image from iStock, chart from
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