Floki Inu (FLOKI), the popular meme coin, has seen a steady rise in recent days, both in terms of price performance and general adoption. Exactly one week ago, crypto giant Binance added the cryptocurrency to the Metaverse and Gaming sections on its exchange.
After a slow start, the price of FLOKI seems to finally be taking advantage of the positive sentiment surrounding it.
FLOKI Up 26% in 7 Days – Price Action
FLOKI has recorded a significant 25.9% price increase over the past seven days after breaking out of the consolidation zone earlier this week. The price of Floki Inu started moving sideways after falling almost vertically on June 10, losing more than 20% of its value in a single day.
Related reading: Floki Inu dull, motionless after Binance Metaverse integration – here’s why
It seems that the token is gaining some momentum at the moment, albeit with only a 1% price increase in the last 24 hours. FLOKI is currently held at key resistance and should cross this threshold if it is to continue its upward trajectory.
FLOKIUSD trading at $0.0000261117 | Source: FLOKIUSD chart from TradingView
In addition, it is worth noting that the daily Relative Strength Index, an indicator that tracks the balance between buying and selling pressures, has barely passed 50. This indicates that a bullish run is still uncertain.
At the time of writing, Floki Inu is changing hands at $0.00002687, with a 24-hour trading volume of over $78.4 million. According to data from CoinGeckothe coin is currently 52% off its 2023 high reached on February 17.
FLOKI INU Shares 2023 Roadmap Update
On June 22, 2023, Floki Inu’s official Twitter account released a tweet provide an update on the ecosystem roadmap for 2023. It is a summary of some of the projects their developers have in the pipeline.
The first item on the roadmap update is a major upgrade to the FlokiFi Locker, a protocol for securing digital assets such as Liquidity Pool (LP) tokens, NFTs and fungible assets. Touted as FlokiFi’s biggest upgrade to date, this advancement will natively integrate payments, burn mechanisms, a referral program, and other functionalities.
Source: Floki Inu
Further, the tweet mentioned a “major Lending and Borrowing DeFi integration” that allows users to collateralize their FLOKI tokens to borrow other cryptocurrencies from “the largest lending protocol in the BNB chain.” Meanwhile, a strike program is currently being tested and will be launched once internal checks are completed.
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A new and improved FlokiFi design is also in the works. Other projects mentioned in the 2023 roadmap update include Project TL and Valhalla. All these developments are expected to take place by the end of 2023.
Featured image from iStock, chart from TradingView
