- FLOKI teased an exciting development set to be announced at the end of this coming week.
- The cryptocurrency community reacted positively to the post as FLOKI’s price surged more than 17% over the past 24 hours.
- FLOKI was also the second best performing meme coin over the past 24 hours.
FLOKI revealed on their official X page yesterday that the project is preparing for a significant announcement. According to the post, the announcement will be made on 27 October 2023. Meanwhile, the cryptocurrency community seems to be eagerly awaiting this announcement as the meme coin’s price skyrocketed over the past 24 hours.
According to data from the cryptocurrency market tracking website CoinMarketCap, the altcoin’s price rose by 17.22% over the past 24 hours. Subsequently, the cryptocurrency was trading hands at $0.00002501 at press time. FLOKI’s impressive 24-hour gain also pushed its weekly performance deeper into the green, taking it all the way up to +35.71%.
FLOKI’s price was not the only metric that surged throughout the past day of trading. CoinMarketCap data also indicated that the meme coin’s 24-hour trading volume spiked more than 260% during the same period. As a result, the cryptocurrency’s total volume was estimated to be more than $170.28 million at press time.
Meanwhile, the altcoin was able to reach a high of $0.00002642 during the past 24 hours. Since then, it retraced slightly. Nevertheless, it was still trading closer to this peak than its daily low, which sat at $0.00002087.
FLOKI’s uptick coincided with the positive trend seen in the meme coin sector over the past 24 hours. The collective capitalization of the meme coin market rose 2.17% throughout the past day. Subsequently, the meme coin market was valued at $14,309,290,565. The amount of trading volume for the meme coin sector also increased more than 45%.
Notably, FLOKI was the best-performing meme coin over the past 24 hours. The only meme coin that was able to top FLOKI was ArbDoge AI (AIDOGE), which recorded a 24-hour increase in price of 18.54%. Despite this, FLOKI had still outperformed AIDOGE over the past week, as the latter’s weekly performance only stood at +19.17%.
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