Here is why Floki Inu’s price surged by over 50% today

Key takeaways

• FLOKI is the best performer amongst the top 100 cryptocurrencies by market cap today.

• The token has added more than 50% to its value today and could rally higher in the near term.

• Binance is set to list Floki Inu in its Innovation Zone while the token is now live on Bitfinex

Floki Inu price rally by more than 50% today

FLOKI, the native token of the Floki Inu ecosystem, has been the best performer amongst the top 100 cryptocurrencies by market cap in the last 24 hours.

At press time, the price of Floki Inu stands at $0.00005282, up by 56% over the past few hours. 

The rally comes thanks to two massive listings of the Floki Inu token. Earlier today, Bitfinex, one of the leading cryptocurrency exchanges in the world, listed FLOKI on its trading platform. 

We’re live now for trading – #FLOKI can now be traded with USD and Tether $USDt!

You’ll also enjoy our trading fee promotion:
✅ ZERO fees for market makers
✅ 4 bps for market takers

Start trading on Bitfinex:https://t.co/RXJ1Kg0JQ4 pic.twitter.com/2xHWKTmBgQ

— Bitfinex (@bitfinex) May 5, 2023

This latest cryptocurrency news means that FLOKI can be traded against USDT on the Bitfinex crypto exchange.

Binance lists FLOKI in its innovation zone

Following the announcement by Bitfinex, Binance, the world’s largest cryptocurrency exchange, also announced earlier today that it would be listing Floki Inu and PEPE coins in the Binance Innovation Zone. 

#Binance will list @pepecoineth $PEPE and @RealFlokiInu $FLOKI in the innovation zone.

➡️ https://t.co/yxcINj0whc pic.twitter.com/o4UTvWZkHj

— Binance (@binance) May 5, 2023

The Binance Innovation Zone was introduced to users of the cryptocurrency exchange a safe place to trade new and innovative projects. 

These latest developments were behind FLOKI rallying by more than 50% over the last 24 hours. The positive performance comes despite the broader crypto market currently stagnating.

Bitcoin is down by less than 1% in the last 24 hours and continues to trade above the $29k level. Ether, the second-largest cryptocurrency by market cap, is up by less than 1% so far today and is trading just above $1,900. 

At press time, the total cryptocurrency market cap stands at $1.2 trillion. 

The post Here is why Floki Inu’s price surged by over 50% today appeared first on CoinJournal.