Crypto Enthusiasts Awaiting FLOKI Inu’s Potential to Outshine DOGE, SHIB, and PEPE

Crypto Enthusiasts Awaiting FLOKI Inu’s Potential to Outshine DOGE, SHIB, and PEPE

Crypto News – Floki Inu (FLOKI), the popular meme coin, has been making waves in the cryptocurrency market with its remarkable performance. It is anticipated to outshine other prominent meme coins like DOGE, SHIB, and PEPE in the ongoing bullish trend.

On November 4, FLOKI made an exciting announcement on X (formerly known as Twitter) regarding its progress. Named after Elon Musk’s dog and a Viking character, Floki Inu draws inspiration from Shiba Inu (SHIB). The coin has demonstrated substantial growth potential and is expected to surpass its competitors.

In a tweet from the official FLOKI handle, it was revealed that approximately $54.4 million worth of FLOKI tokens have been staked in the Floki staking program.

The FLOKI Staking Program, launched on October 27, aims to reward loyal and committed FLOKI holders. Participants in the staking program earn FLOKI’s sister token, TokenFi, as a reward.

This program holds great significance as TokenFi is a tokenization platform that targets the rapidly growing tokenization industry, projected to be worth $16 trillion by 2030. Interestingly, this update followed shortly after Floki DAO reduced TokenFi’s transaction tax from 20% to 0.3%.

FLOKI Token Staking Program Locks $54 Million The FLOKI Token introduced its staking program, which amassed an astonishing $41.35 million in locked assets within a mere 48 hours. This incredible achievement has brought the total amount of staked FLOKI tokens to $54.4 million.

The introduction of TOKEN followed listings on prominent exchanges, driven by the high demand from the cryptocurrency community.

Data from the rapidly expanding multi-chain protocol Floki was shared on their official X handle, receiving a positive response from crypto enthusiasts and traders. Notably, FLOKI boasts a substantial community, with over 460,000 holders and a vast potential market of approximately 3 billion people.

Additionally, Floki Inu offers an Annual Percentage Yield (APY) of 160% over a three-month period for those who stake their tokens for a duration of four years.

Impact of FLOKI Staking on Price

At the time of writing, the price of FLOKI had increased by 6.05%, reaching $0.00003176, while the trading volume over the last 24 hours had surged by 21.74% to $45.33 million. FLOKI has a circulating supply of 9.51 trillion tokens.

Experts believe that the recent reduction of the transaction tax for TokenFi, from 20% to 0.3%, could have a significant impact on FLOKI’s price. This change is expected to attract more investors to the FLOKI Staking Program, further enhancing its potential for growth.