The meme coin sector is also well in the green, with one asset of that type tapping a new all-time high.The cryptocurrency market is flashing green today , with numerous leading digital assets charting substantial increases. Bitcoin surpassed the $71,000 mark for the first time in two weeks, while Binance Coin tokens of that type in terms of market capitalization – Dogecoin and Shiba Inu – are up 4% and 8%, respectively, while Bonk Inu jumped by 10% on a daily scale.
One meme coin that outperformed the aforementioned is the dog-themed Floki Inu . It witnessed a 30% price surge to hit a fresh all-time high of approximately $0.0003394 .FLOKI’s market capitalization exceeded the $3.2 billion mark for the first time, thus flipping popular altcoins such as Cronos , Monero , Arbitrum , and more. The meme coin is currently the 40th-biggest cryptocurrency and the fifth-largest in its cohort.
that the token’s market capitalization could “easily” skyrocket to $10 billion during the next bull cycle.The overall bullish condition of the cryptocurrency market is not the only element that has potentially propelled FLOKI’s recent rally. Another essential factor could be the of the Floki DAO to destroy over 15 billion assets.Removing a substantial amount from the asset’s circulating supply makes it scarcer and more valuable in time .of 12 million FLOKI tokens to support the meme coin’s ecosystem.
The Web3 investment firm initially disclosed its partnership with the meme coin in May last year when it purchased $5 million of the cryptocurrency. Earlier this year, it
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