An altcoin battling Shiba Inu, the market’s second-largest meme coin project, exploded with news of Binance. On November 22, these will happen…
Binance is teaming up with this meme coin project
One of Shiba Inu’s fierce rivals, Floki Inu (FLOKI) team announced the Binance event on Twitter on November 19th. After the news, the price of FLOKI gained more than 25% in a short time. According to the Floki Inu team, they will meet with Binance on November 22nd on Twitter. Details are as follows:
- 22 November at 21:00
- Location: Binance Live
- You can find the link below
We will be having a Binance Live AMA on Tuesday November 22 to discuss the #Floki Ecosystem.
– Time: 6pm UTC.
– Venue: Binance Live.
– Link: https://t.co/hVnLxyPpit pic.twitter.com/7a66NoboIB— FLOKI (@RealFlokiInu) November 19, 2022
Floki Inu (FLOKI) price rose 25% after the news
Following the announcement on November 19, the price of FLOKI rose 40% at one point. After the sharp upward movement, it declined to the $0.0000088 levels. It is trading just above this level, keeping some of the gains in its own pocket at the time of writing. The FLOKI price will have until November 22 to evaluate the news.
Floki Inu is a BSC based meme coin project. However, it has not yet managed to enter the Binance list. Part of the reason for the rally is based on that. It helped price the expectations that the Binance event would herald a listing news.
Can FLOKI pass SHIB?
We can say that this question will not be soon for now. Currently, FLOKI has a market cap of just $80 million. On the basis of market value, it ranks at two thousand defectives. Shiba Inu is currently one of the meme coin stars of the cryptocurrency market. Apart from being among the top 10, it has managed to survive all the disasters that have occurred since the beginning of the year. It reached 13th place by market capitalization, beating giants such as Tron and Litecoin.
However, there are still many areas where Floki can also attract new followers. As the project becomes more popular, it looks like it will diverge from more meaningless projects. Therefore, presenting something truly fascinating to its participants can prevent such a fate. For example, his collaboration with Fenerbahçe, which we referred to as Kriptokoin.com, was one of them. Meme coin project partnered with Fenerbahçe in December of last year. In this context, he became the sponsor of Fenerbahçe Men’s Football Team throughout the 2021/2022 season. Fenerbahce footballers played in socks with the Floki logo as part of the agreement.
Meanwhile, the idea behind FLOKI emerged on June 25, 2021, when Elon Musk tweeted that he would adopt a Shiba Inu puppy and name it Floki. Just like Dogecoin, Floki was one of the projects that continued this trend. Later, investors supported the idea of the meme coin project. FLOKI price reached $0.0003437 especially thanks to the bull in 2021. It is currently trading at a 90% discount from this level.
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