After being listed on the Houbi exchange, FlokiCoin has achieved a position among the top 100 cryptocurrencies, marking it as the fourth meme coin to achieve this status. Specifically, FLOKI now shares the ranks with other meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), and Bone ShibaSwap (BONE).
Houbi’s prior announcement of the addition of Floki’s perpetual futures contributed to its ascent into the top 100, as reported by CoinMarketCap. This development brings Floki Inu one step closer to fulfilling its original intention of becoming a potential meme coin competitor.
FLOKICoin Competing with Meme Coin Elite
Historically, the meme coin segment of the digital asset industry was dominated by two prominent players. Initially led by Dogecoin, Shiba Inu emerged as a formidable contender in challenging this established dominance. As a result, meme coins have evolved into a distinct and noteworthy facet of the cryptocurrency sector, presenting a potential acquisition opportunity for investors.
Yet another meme coin is making its mark among the top cryptocurrencies, with Floki Inu now officially listed in the top 100 on CoinMarketCap. This achievement places it in the company of other meme coins like DOGE, SHIB, and BONE, making it the fourth of its kind to secure a spot in the upper echelons of cryptocurrency rankings.
According to a report by U.Today, the 2023 roadmap for meme coin FLOKICoin includes a strategic partnership with Binance Pay. This collaboration aims to position FLOKICoin as a viable payment option for over 600 vendors, contributing significantly to its overall adoption. Notably, this move mirrors the current partnership between Shiba Inu and the Binance Pay system.
The report also highlighted FLOKI Inu’s plans to introduce a staking program and its own debit card. These initiatives aim to elevate its status, potentially enabling it to compete with other meme coins that have strong and active communities. However, the report acknowledges the uncertainties in FLOKI’s ascent, considering factors such as the launch of Shibarium and the unpredictable influence of Elon Musk on DOGE. The question of how high FLOKI can climb remains a key consideration.ư
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