Floki Inu Outperforms Shiba Inu and Dogecoin

Krutika Adani


On Thursday, Floki Inu broke above its previous all-time high (ATH) with a 24% gain, reaching a price of $0.000346.

Trading Volume Beats SHIB, DOGE

According to CoinMarketCap, Floki’s trading volume stood at $1.4 billion.

Strong Demand for Original Memecoins

The market surge has shown strong demand for Dogecoin, Shiba Inu, and Floki Inu, bolstering the dominance of original and older memecoins.

A Correction May Be Inbound

After reaching a new ATH, there might be a slight correction in prices due to profit booking.

Memecoins Saw More Than 13x Return in 2024

So far in 2024, memecoins, which seem to dominate crypto narratives this year, have given more than 13x returns since the start of the year.