Floki Inu is among the meme cryptocurrencies enjoying increased traction at the moment. The crypto’s promotion by Burj Khalifa tomorrow may increase FLOKI’s popularity in the marketplace.
Meme cryptos are securing space in the crypto industry as online investors appear to adore the assets. With that, dog coin’s developers are introducing meme crypto projects, and they seem to gain increasing adoption.
Burj Khalifa to Display Floki Inu
The meme crypto project Floki Inu has declared promoting its native token (FLOKI) on Burj Khalifa tomorrow. Keep in mind that Burj Khalifa is the tallest building in the world. The canine-themed team revealed this development through a tweet. Analysts believe that would contribute to the project’s increased traction.
For now, Floki Inu is working on some utility projects. The developers are developing Valhalla, a non-fungible metaverse, FlokiPlaces, an NFT marketplace, and its education platform Floki Inuversity. So far, the crypto project has received endorsement by renowned figures like Tyson Furry, a world boxing champion. Moreover, Floki Inu has partnered with several football clubs like Fc Goa, SSC Napoli, Kerala Blasters, and Cadiz CF.
Furthermore, Elon Musk, an influential individual in the crypto space, mentioned the project. In September, the Tesla executive shared his pet’s photo, Shiba Inu, via a tweet. Musk captioned the post saying that Floki had arrived.
FLOKI Rises by Over 14%
Floki Inu (FLOKI) has been on an upward path since its developers declared its Burj Khalifa display yesterday. The event will happen tomorrow. Floki Inu has its price increased by over 14% within 24 hours. That way, the dog coin surpassed the global crypto market rally.
The token’s Moving Average Convergence line is inside a neutral territory at the moment after dipping into the bearish region during the past weeks’ sessions. The Relative Strength Index at the 47-mark indicates that the meme coin is fluctuating from the oversold territory, suggesting a positive price trend. FLOKI trade slightly beyond the 50-day MA at $0.0001601.
While publishing this content, Floki Inu trades at $0.0001673. Meanwhile, the meme token has gained massively since its launch in 2021 July.
What are your views on FLOKI’s performance with the Burj Khalifa advertisement? Will the token see increased activity? You can comment below.
By Stockbym – shutterstock.com