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The Floki worth climbed 4% within the final 24 hours to commerce at $0.0001517 as of three.30 a.m. EST on buying and selling quantity that elevated 8% to $243.9 million.
The favored canine meme coin has soared 16% within the final seven days, however it’s worth was shortly rejected for the third time this week after hitting resistance at $0.000155.
The token did lately see a number of essential developments which will have inspired merchants to interact extra with its token, resembling asserting Hafthor Bjornsson because the official ambassador for its revolutionary MMORPG, Valhalla.
The Icelandic actor and strongman is thought across the globe for taking part in “The Mountain” in Recreation of Thrones, and in addition for successful quite a few strongman competitions.
Valhalla, Floki’s revolutionary MMORPG, welcomes Hafthor Björnsson as official ambassador!
Hafthor Júlíus Björnsson, the Icelandic strongman and actor famed for his position as “The Mountain” in Recreation of Thrones, is becoming a member of Valhalla as official ambassador.
This long-term partnership… pic.twitter.com/mSJ6IJazJ9
— FLOKI (@RealFlokiInu) October 16, 2024
Now he’s entered right into a long-term partnership with Floki and its recreation, which introduced further publicity to the undertaking.
Earlier than this, Floki additionally simply wrapped up Valhalla’s current occasion referred to as Unleash The Thunder, which allowed customers to show themselves by climbing up the leaderboard and securing a share of the $30,000 prize pool in FLOKI tokens, which elevated participant exercise.
Solely 7 hours left in #Valhalla’s “Unleash the Thunder” occasion, ending immediately at 6 PM UTC! ⚡️
Now’s your final probability to climb the leaderboard and safe your share of the $30,000 prize pool in $FLOKI tokens. Push your limits and make your mark earlier than time runs out! ⚔️
As soon as the… pic.twitter.com/gpKAnqff31
— FLOKI (@RealFlokiInu) October 16, 2024
Floki Worth Prediction
Whereas the FLOKI worth noticed a significant surge a number of occasions within the final week, together with the 4% every day improve within the final 24 hours, proper now, its worth is dropping after being rejected by a resistance at $0.000155 for the third time this week. The token’s technical indicators additionally counsel that FLOKI remains to be struggling a bearish wave.
The Viking meme coin’s Bollinger bands have narrowed down considerably previously few hours, with the value dropping from pushing the higher band right down to the center level, after which persevering with to the underside band. Now, with its worth persevering with to descend, FLOKI is pushing the decrease band additional down, which is a powerful bearish sign.
Its Relative Power Index (RSI) worth has additionally been spiraling down, suggesting that the merchants are promoting excess of they’re shopping for. After venturing deep into the overbought zone and practically reaching the worth of 90 some 10 hours in the past, the RSI worth dropped to the impartial space.
Nevertheless, if the holders proceed to promote, it might hold happening to the oversold zone. Whereas this can be a bearish sign as effectively, it additionally opens up a possibility for the merchants to purchase the dip. The worth drop has began slowing down because the token approached the assist at $0.000150, suggesting that the scenario may flip round even sooner.
In different phrases, the merchants won’t watch for the RSI to move to the oversold zone, however may relatively begin shopping for very quickly. For now, there aren’t any certainties, however it’s price conserving a detailed eye on FLOKI and its efficiency in actual time, which might open up a possibility to purchase low and see your funding improve as the value bounces again.
Promising Different To Floki
Buyers who’re uneasy about Floki’s current volatility may take into account an rising alternative like the brand new meme coin presale providing for the world’s first Vote-To-Earn token, Flockerz (FLOCK).
Flockerz is a undertaking created with the purpose of strengthening decentralization, and its manner of doing it’s to offer incentives to its token holders to take part within the undertaking’s governance.
Too typically today crypto traders lose curiosity in collaborating within the voting course of and utilizing their energy to have an effect on initiatives and determine which path forward they need to observe.
This tends to depart the undertaking within the arms of a small minority, rising its centralization. Flockerz determined to check a brand new method the place it rewards customers with tokens once they vote, thus giving them an additional purpose to hitch each dialogue and keep watch over choices.
On high of that, it additionally affords a humungous 2,194% in annual staking rewards for many who buy and lock up their FLOCK tokens.
Crypto YouTuber Jacob Bury, with 43k subscribers, says FLOCK is likely to be the following crypto to 10x.
Its ICO lately hit a brand new milestone of $800k in funds raised, and it’s now surging towards its first million. You’ll be able to be a part of the undertaking whereas it’s nonetheless in its early levels and purchase FLOCK tokens for $0.005793 apiece utilizing ETH, USDT, BNB, or credit score/debit playing cards.
Purchase earlier than a worth hike in lower than 24 hours to safe the very best deal.
Visit the official FLOCK website here.
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