Coin Price FLOKI Soars 45%, Breaks New ATH!

Bittime - FLOKI meme crypto is at its best! Throughout this week, its value skyrocketed by 45% and managed to touch its highest record in history at $0.000346 (around Rp. 5.54). Even though the rate of increase has slowed slightly, FLOKI is still hanging around its highest point, making investors wonder where it will go next.

Interestingly, FLOKI's spot trading volume also exploded 100% to $1.4 billion (around Rp. 22.4 trillion). This significant increase makes FLOKI enter the top 10 cryptocurrencies with the highest trading volume worldwide. Not only that, FLOKI is now the second most popular meme coin, following Pepe (PEPE) at the top.

However, this sharp price spike has also provoked skepticism. Some crypto traders are worried that FLOKI's rise is unsustainable and will experience a sharp correction, as happened during last week's record-breaking. As an illustration, when FLOKI set a record high seven days ago, its value then fell 25% in the following five days. Will history repeat itself?

Despite these concerns, FLOKI's current momentum indicates the potential for further increases before a correction occurs.

Behind FLOKI's Rise

There are two main factors that trigger FLOKI's increase. First, this token managed to achieve a major achievement by breaking through 417,400 owners on the BNB Chain network yesterday. This is a figure to be proud of considering that FLOKI has only been with the network for three years. This score further confirms FLOKI as the leading meme coin on the BNB Chain.

However, the main driver behind FLOKI's rally was the announcement of a $12 million (around IDR 192 billion) investment by crypto trading firm DWF Labs. These funds will be allocated to purchase FLOKI tokens from the open market and Floki Treasury.

DWF Labs decided to invest in FLOKI to support and expand the rapidly growing token ecosystem. The FLOKI team itself is preparing to launch the mainnet version of the long-awaited metaverse game Valhalla at the end of this year. Not only that, the presence of new features such as trading bots and the ".floki" domain also adds to optimism.

The large capital injection from DWF Labs is an affirmation of confidence in FLOKI's future. This is why the FLOKI token price continues to soar throughout this week.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Study Complete Guide How to Buy Crypto on Bittime.

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