KuCoin lists Floki Inu, Is Binance Next in Line?

The post KuCoin lists Floki Inu, Is Binance Next in Line? appeared first on Coinpedia Fintech News

Following news that Kucoin will list the Meme token, Floki is exploding and the ‘Shiba-inu competitor’ gained almost 60% in value. The Kucoin listing makes Floki accessible to millions of cryptocurrency users in various nations. Shortly after, the LCX Exchange announced that it would also be launching Floki.

The meme coin has a $496 million market valuation, and the Floki community is expecting that Binance will list it soon. Not to mention Binance’s strong relationship with Elon Musk as a result of the cryptocurrency exchange purchasing some Twitter stock when the Tesla CEO took over the position of the CEO. 

Building its ecosystem around three main utility projects—focusing on NFT marketplaces, metaverse-based games, and educational platforms—is how Floki Inu hopes to move forward.

Both the Ethereum and the Binance Smart Chain support Floki Inu. The initial coin offering (ICO) pricing for Floki Inu was set at a relatively reasonable $0.0000041 per token, with a maximum of 10 trillion tokens. While the price of the Floki coin did not change much in the initial weeks, the token’s value nearly quadrupled from $0.000002763 on July 28 to $0.000004458 on July 30, 2021.

The price of cryptocurrencies fell in 2022 in the wake of the economic crisis and collapse of various cryptocurrency exchanges. At a price of $0.0000998, Floki Inu corrected by more than 91% to close the year at $0.00000881. Yet in 2023, Floki Inu skyrocketed and increased over 50% on February 16th, 2023. According to reports,  Elon Musk’s tweet was the cause of the price increase.

Although if it was just a joke about Floki becoming the new Twitter CEO, Musk may have been hinting that he is actually serious about looking for a successor. He clarified that by the end of 2023, Twitter might have a new CEO.