Meme cryptocurrencies, especially dog-themed coins, are once again outperforming other segments of the altcoin scene. Floki (FLOKI), a key rival to Dogecoin (DOGE) and Shiba Inu (SHIB), is leading the meme coin rally.
Meme cryptocurrencies, especially dog-themed coins, are once again outperforming other segments of the altcoin scene. Floki (FLOKI), a key rival to Dogecoin (DOGE) and Shiba Inu (SHIB), is leading the meme coin rally.
Floki (FLOKI) Nearly Hits New ATH Amid Impressive Rally
Today, March 9, 2024, the large-cap meme cryptocurrency Floki (FLOKI) established a local high above $0.00027 on centralized spot exchanges. This is the highest FLOKI price level since November 10, 2021.
The coin briefly entered the top 50 cryptocurrencies by market capitalization. In the past month, Floki (FLOKI) recorded a nearly nine-fold rally amid the market rally.
Additionally, the FLOKI ecosystem witnessed a record TVL of over $693 million in equivalent. The aggregate trading volume exceeded $2.7 billion in the last 24 hours.
In terms of social sentiment, FLOKI jumped to the top of many cryptocurrency data aggregators.
The rally should probably be attributed to general optimism in the altcoin markets and the important listing announcement of the FLOKI/USDT pair.
Meme coin segment capitalization exceeds $61.5 billion
On top of that, FLOKI pairs became the most popular on large regional exchanges Bithumb, BTCTurk and Paribu.
Overall, the meme coin sphere is leading the initial bullish rally in cryptocurrencies. In the last 24 hours, Avalanche’s (AVAX) main meme coin, Coq Inu (COQ), added more than 40%.
The net market capitalization of meme coins tracked by CoinGecko exceeded $61.5 billion in equivalent, an increase of 11% overnight. For context, the net crypto limit only increased by 1% in the last 24 hours.
