What In The World Is Going On With Dogecoin, Shiba Inu Rival Floki Inu?

Floki Inu FLOKI/USD is trading lower by some 24.5% off its Monday session peak of $0.00004797, to the $0.00003619 level Tuesday afternoon. The meme crypto is trading lower amid profit taking after Floki Inu was listed on Binance.

Floki Inu is a rival of both Dogecoin DOGE/USD and Shiba Inu SHIB/USD. For the unitiated- the crypto is based of an Elon Musk tweet in which he stated that his Shiba Inu dog would be named “Floki.” This sent waves throughout the crypto community and led to the creation of the Floki Inu cryptocurrency and many other copycats.

Helping fuel the run higher for the meme crypto Monday- at one point during the run higher, data from LunarCrush revealed that FLOKI's social engagement increased over 356% in the span of 24 hours, with the total social engagements reaching 147.58 million...Read More