- FLOKI price surges over 32% in 24 hours, outperforming Dogecoin and Shiba Inu, with analysts eyeing a potential breakout.
- On-chain data shows rising investor interest, with over 52% of FLOKI holders currently in profit amid growing wallet activity.
- A major catalyst behind FLOKI’s rally is its new partnership with Rize Robots to launch the AI-powered Floki MiniBot M1.
The price of Floki Inu (FLOKI) is growing once more and is in the spotlight during the moment. In the past 24 hours, FLOKI has risen by more than 32% and outperformed leading meme coins Dogecoin and Shiba Inu. According to the latest data, the Floki Inu is trading at $0.00008140 and there were analysts claiming that the coin could have a promising future path if the bullish trend was followed, with the coin hitting $0.0001.
Crypto analyst Shiba Knight pointed out that FLOKI may be on the cusp of a major breakout. Knight described the coin as being at an interesting spot and said it would power up in the coming near term.
Notably, the only major meme coins from another cycle (before this one) that have received a new all-time high (ATH) during this cycle are Floki Inu, Dogecoin, and Shiba Inu. FLOKI has faced competition from newer entrants such as PEPE, FARTCOIN, and BONK, but it has managed to show an incredible knack of resilience in every market cycle. Knight added that Floki could ‘face melter.’
That’s a strong bullish breakout formation of Floki’s price chart that requires technical analysis. The token has prior attempts of reaching its all-time high, so it still has a lot of room for an upward trend.
An other market analyst pointed out that the trading volume of FLOKI has already broken out and the price is not far behind. If a breakouts does happen, FLOKI has the potential to surge as much as 270% and it could reach around $0.00027.
FLOKI Momentum Is Growing On the On-Chain Data Signal
On a bull run, on-chain metrics seem to keep in line with the bullish sentiment around FLOKI. According to data from Intotheblock, large transaction volume has increased by 10%, but active wallet addresses by 18%.
Some of these indicators show that there is increased investor interest and exuberance in the FLOKI ecosystem. Furthermore, this data shows that over 52% of FLOKI holders are (currently) in profit, a very unlikely manner for meme coins which could show a stronger conviction of holders.
Key Catalyst Behind FLOKI’s Price Surge
The Floki development team’s recent price rally was fueled by a strategic collaboration with the Rize Robots behind Rize AI, a company that is backed by NVIDIA, SoftBank, and the Alibaba Enterprise Fund. As part of the partnership, Rize Robots and Floki are developing an AI robot the Floki MiniBot M1 to utilize and stimulate decentralized AI protocols into real, practical use cases.
Floki is set to assist the company in advancing its blockchain initiatives, as it works towards the tokenization of its brand and AI data marketplace through TokenFi, a sister project of Floki dedicated to tokenizing real-world assets with backing from the Floki community.
