Floki's FLOKI/USD recent Bitstamp listing has traders optimistic about the meme coin’s near future.
What Happened: Floki officially announced that it is now live on Bitstamp, the oldest and largest running cryptocurrency exchange in Europe. The two pairs that will be listed are FLOKI/EUR and FLOKI/USD and will be available for fee-free trading for the first month. Recently acquired by retail trading platform Robinhood, the exchange has 50 licenses and registrations in key jurisdictions globally.
Crypto traders reacted with optimism, with one stating it is a huge win for Floki, as it is among the few meme coins listed on Bitstamp.
Another trader noted that Floki is well-positioned compared to Pepe PEPE/USD, Dogwifhat WIF/USD, and Bonk BONK/USD when the market rebounds again for meme coins.
Also Read: Top Crypto Trader Shares His 5 Meme Coin Portfolio Picks, Terms One ‘The DOGE Of This Cycle’
Why It Matters: Floki is the sixth-largest meme coin according to Coingecko data. It is up 4% over the past 30 days, outperforming Shiba Inu SHIB/USD and Pepe, which are down 4% each.
Crypto trader Posty, in his latest X post, thinks “the up-only trend” can resume for Floki.
Heavily followed trader Crypto Scofield highlighted that dog meme coins look strong and thinks Floki is "performing well and is poised to follow Dogecoin's DOGE/USD movements, as it typically acts as Doge's beta."
He highlighted that Floki has indicated strength over time and it has strong fundamentals and upcoming catalysts to be announced soon.
Another crypto trader expects an uptrend soon:
What’s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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