The cryptocurrency Floki (FLKI) has experienced an impressive surge in price over the course of this year. Furthermore causing its value to increase by 500%.It has also resulted in Floki entering the top 100 list of tokens by market capitalization. This meteoric rise to fame has been fueled primarily by its strong fundamentals, low circulating supply, and a recent listing on major exchanges.
The cryptocurrency was created in an effort to facilitate cross-chain communication and to improve scalability for decentralized applications. Its native token FLKI is used for transactions and other activities within the Floki ecosystem. As more investors flock to Floki due to its unique offering, the value of FLKI continues to grow at a rapid pace. Thus cementing its place among the top 100 cryptocurrencies.
The past week has seen a rapid surge of 82% in the value of Floki. This has resulted in the asset attaining a market capitalization of $500 million. The move is an impressive feat that has propelled it into CoinGecko’s top 100.
Moreover, the Floki team has commented on this achievement and is eagerly awaiting their ranking to be updated on CoinMarketCap.
Positive Developments Around Floki
Additionally, the bullish momentum of Floki has been recently sparked by a series of positive events related to the asset. KuCoin, a Seychelles-based trading platform, announced the listing of Floki, which follows OKX’s listing in December of last year.
However, this move has caused quite a stir in the cryptocurrency space. It has given traders and investors more access to this emerging asset class.
The listing on KuCoin is especially noteworthy, as the platform is known for its high liquidity and low fees. This combination of factors means that traders can take advantage of price changes in the market with greater ease. Thus making it an attractive option for those looking to capitalize on current market trends.
Moreover, this listing comes at a time when Floki’s value has been steadily increasing; this could mean further growth for the asset as more people become aware of its potential.
