The post Why FLOKI Price Hits 6-Month High With 5% Surge? appeared on BitcoinEthereumNews.com.

FLOKI price has hit a 6-month high recently, gaining significant attention from the market participants. Notably, this rally comes amid a flurry of developments surrounding the token as well as in the broader crypto market. In addition, recent on-chain metrics also indicate that the meme coins sector is likely to continue its run toward the north ahead. Why Is FLOKI Price Rising Today? The FLOKI price noted a robust rally recently amid major listing announcements and other positive developments in the broader crypto market. So, here we explore some of the top reasons behind the surge in the top meme coin’s price today. Coinbase Listing Fuels FLOKI Price Rally The anticipation over the meme coin’s listing on Coinbase has fueled optimism in the market lately. For context, the exchange added the crypto to its roadmap listing last week, sparking a rally in the FLOKI price. This development also reflects how listing announcements from major exchanges usually boost the assets’ prices while boosting the market sentiment. Meanwhile, the token again noted a strong rally since yesterday, after the exchange announced to add support for the crypto on the Ethereum network. As per the announcement, the trading will commence on November 21, if liquidity conditions are met. Besides, the exchange also said that once enough “supply of the asset is established”, it would eventually launch the FLOKI-USD trading pair in phases. Source: Coinbase Assets, X This announcement has further fueled optimism among investors, sparking hopes over soaring investors’ interest in the coming days. Having said that, the market anticipates this soaring interest in turn could significantly push the prices further high. Meme Coin Frenzy The rally in FLOKI price could be also attributed to the growing interest of the investors towards the broader meme coin segment. The meme coins have noted robust…

---

Filed under: News - @ November 21, 2024 3:23 pm