Why FLOKI should be on your watch list this bull s

欧易(OKX)

用戶喜愛的交易所

立即注冊立即下载

币安(Binance)

已有账号登陆后会弹出下载

立即注冊立即下载

FLOKI has burned a large amount of tokens over the past few days. Token burning reduces the circulating supply of an asset, which is bullish as it may have a positive impact on the price of the asset. So, let’s take a look at how FLOKI responded to the recent cash burning incident.​

FLOKI Burn is helping memecoin

FLOKI recently posted a tweet highlighting how many tokens it has burned. A week ago, the meme burned over $1 million worth of tokens. Shortly thereafter, more than $3.2 million worth of tokens were burned again.

The tweet also mentions the Floki staking program, which has a 5-20% early unstaking penalty, which comes in the form of FLOKI tokens, which are permanently staked whenever a Floki staker unstakes early. destroy.

It added that the FlokiFi Locker DeFi cryptocurrency locker protocol, which buys and burns tokens, is also driving the burn spree. Since burning reduces supply and increases demand, it does have a positive impact on the price of memecoins.

Memecoin’s value has surged by more than 20% in the past 24 hours alone, according to CoinMarketCap. As of this writing, FLOKI is trading at $0.0002821, with a market capitalization of over $2.69 billion.

This also has a positive impact on the memecoin’s social metrics. AMBCrypto’s analysis of Santiment data shows FLOKI’s social dominance skyrocketing. Its positive sentiment has also increased, meaning investor confidence in the memecoin is high.

是否有可能进一步上涨？

In addition to this, network activity surrounding memecoins also remained at a high level during the memecoin price increase. Our analysis of Santiment data shows an increase in daily active addresses for FLOKI.

Additionally, its network growth has surged. This means more addresses are created to transfer coins.​

The MVRV ratio of memecoin increased significantly, reaching 100%. This may look bullish at first glance, but an MVRV ratio like this suggests that selling pressure may increase, which could end the memecoin’s bull rally.

Some market indicators also reveal a similar possibility of increased selling pressure in the coming days.​

For example, FLOKI’s relative strength index (RSI) is in overbought territory. The Money Flow Index (MFI) also followed the same trend and entered overbought territory.

Despite this, memecoin may continue to rise as MACD shows bullish dominance in the market.​

热点： BE BULL FLOKI