Floki (FLOKI) Soars 27% Amid Coinbase Listing and India Marketing Campaign

Floki FLOKI/USD surged to the top of the daily gainers list after Coinbase, a large cryptocurrency exchange, announced support for the dog-themed coin.

Trading volume for Floki increased 99.4% in the last 24 hours, showing a surge in market activity following Coinbase’s announcement that trading for Floki will commence at 9 a.m. PT Thursday if it meets the exchange’s liquidity standards.

Nonetheless, the business cautioned that some regions may not have access to FLOKI owing to local regulations.

The meme coin, Floki has risen 15% in the last 24 hours, reaching a five-month peak on Wednesday before modestly retracting. However, the sixth-largest meme coin, Floki is currently traded at a 5.39% increase from yesterday.

Coinbase states that the listing will be launched in stages. Notably, support for the coin will be limited to the ERC-20 version.

Coinbase listings generally result in significant price gains for the underlying assets. Wall Street-listed exchange also added several well-known meme coins, such as Pepe (PEPE) and Dogwifhat (WIF), to its lineup.

Both tokens had huge price increases upon listing, with PEPE increasing by more than 50% in 24 hours following simultaneous listings on Coinbase and Robinhood.

Binance Boosts Support for Meme Coins, Fueling Enthusiasm for FLOKI

Furthermore, the crypto exchange, Binance has announced increased support for meme coins such as SHIB, FLOKI, and other altcoins. Binance just released improvements to leverage and margin pairs for FLOKI, SHIB, ADA, HBAR, and others.

This development has also fueled investors’ enthusiasm for meme coins, like FLOKI.

The surge in FLOKI price could also be related to investors’ increasing interest in the meme coins. The meme coins have had strong rallies in recent days, as indicated by the rising values of assets such as DOGE, SHIB, PEPE, and others.

Dogecoin’s (DOGE) market capitalisation has risen by $30 billion in a week, while the Solana-based cryptocurrency Bonk (BONK) has climbed by more than 80% in the same time period. Note that, Floki’s price has increased by more than 600% over the last year.

The sector’s quick ascent has grabbed institutional interest. Crypto trading firm DWF Labs has launched a $20 million fund dedicated to meme coins ventures.

Despite the segment’s reputation for high volatility and speculative trading, the fund will invest in tokens with “strong community engagement” and “unique value propositions”.

FLOKI Price Rallies Following Recent India Marketing Campaign

Meanwhile, FLOKI recently unveiled a marketing campaign in Delhi NCR, India. The campaign, which launched on November 18, will bring Floki’s PlayToEarn MMORPG game, Valhalla, to the Indian Web3 scene.

The campaign, which will target important districts in Delhi, is estimated to reach over 650,000 people per day. This is the bullish sign for crypto as it will increase its popularity and future expansion in the Indian market.

FLOKI Technical Analysis: Key Support at $0.00025012 Holds, Eyes on $0.00026481 Resistance

FLOKI has shown resilience, bouncing back after testing the $0.00025012 pivot point. The asset currently trades slightly above its 50-period EMA at $0.00025102, suggesting a potential short-term bullish sentiment.

Resistance at $0.00026481 remains a key barrier to further upside, while immediate support at $0.00025012 provides a solid floor. RSI levels at 52.12 indicate neutrality but with a slight bullish tilt, reflecting momentum recovery.

A breakout above $0.00026481 could open the door for further gains towards $0.00027467. Conversely, a breach below $0.00025012 risks a slide toward deeper support levels at $0.00023747.