SHIB rival surges 25% on Binance news, here’s what you should know
Floki Token from Floki Inu, which can be considered an opponent of sorts in the battle for a place under the crypto sun after Dogecoin (DOGE), Floki Inu, ended with a positive 25.2% in value yesterday. The reason for such a strong price action on the market, whose position now ranges from neutral to depressed, could be the upcoming Binance AMA conference, which became Known On the evening of 19 November.
The news that Floki Inu will hold an entire conference with one of the largest crypto exchanges took FLOKI’s price up 40% at one point. This pump can be partly explained by the fact that, although Floki Inu is a Binance Smart Chain project, the cryptocurrency has no listing on Binance itself. As we already know, not only listing on such big venues, but even a hint of it — as happened with FLOKI — can lead to such price cataclysms.
Can Floki do a shib flip?
Let’s answer this question right away by saying that this definitely won’t happen in the near future. FLOKI is about a year younger than SHIB, has an unverified capitalization of $80 million and barely squeezes into the already crowded meme coin space.
Of course, the project can win and hold an audience, but it seems that the further it goes, the more unnecessary projects will be rigidly cut off from the crypto market. An alternative to such a fate is to offer something really interesting to its participants.