Share:
Crypto.com users can buy Floki Inu with USD, GBP, EUR and 20 other fiat currencies on the exchange’s mobile application.
The new development boosts the Shiba Inu and Dogecoin rival’s reach by 80 million users worldwide.
FLOKI price is in an uptrend and the meme coin is tackling resistance at $0.000039 with a bullish target of $0.000046.
Crypto.com, a leading cryptocurrency exchange with nearly 80 million users worldwide, announced the listing of the Shiba Inu rival token, Floki Inu (FLOKI) on its mobile app on Tuesday. FLOKI price climbed nearly 5% since the announcement, hitting a seven-day high of $0.000040.
Also read: Will Asian investors gobsmacked by $17 billion Credit Suisse bond wipeout turn to altcoins?
Crypto.com, a Singapore based cryptocurrency exchange announced Dogecoin and Shiba Inu’s rival meme coin FLOKI’s listing on its mobile application. The exchange has a user base of nearly 80 million traders worldwide.
Crypto.com’s users can now buy FLOKI using 20+ fiat currencies including the US Dollar (USD), the British Pound (GBP) and the Euro (EUR).
FLOKI price rallied nearly 5% in response to the bullish announcement and hit a weekly high of $0.000040.
As seen in the FLOKI/USDT price chart below, the meme coin is currently in an uptrend that started in February 2023. FLOKI price climbed to a peak of $0.000068 in mid-February, since then the meme coin witnessed a pullback, alongside other altcoins in the crypto market.
Floki Inu/Tether 1D price chart
Currently, FLOKI price is above its three Exponential Moving Averages (EMAs), the 50, 100 and 200-day represented in the chart above. FLOKI is on track to wipe out its recent losses and resume its climb towards the bullish target of $0.000046, represented by the 38.2% Fibonacci Retracement level on the chart.
The climb to $0.000046 represents an upswing of nearly 18%. Announcements and developmental updates fuel the bullish sentiment among FLOKI holders, alongside the recent capital rotation from Bitcoin to altcoins seen in the past two weeks.
There are three significant bearish Fair Value Gaps in the FLOKI/USDT price chart, represented by red boxes and in the event of a correction, the meme coin could collect liquidity at these levels, $0.000023, $0.000018 and $0.000010.
Share:
Cryptos feed
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
