Krutika Adani
On Thursday, Floki Inu broke above its previous all-time high (ATH) with a 24% gain, reaching a price of $0.000346.
According to CoinMarketCap, Floki’s trading volume stood at $1.4 billion.
The market surge has shown strong demand for Dogecoin, Shiba Inu, and Floki Inu, bolstering the dominance of original and older memecoins.
After reaching a new ATH, there might be a slight correction in prices due to profit booking.
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.