CandleFocus Floki burn rate rises as expert predicts a 92% surge
2024-11-21
Author: Content Editor
The price of Floki, a meme coin, surged to its highest level since June 8 following its listing on Coinbase, the largest crypto exchange in the United States. The rally was accompanied by high trading volumes in both the futures and spot markets, and Floki's open interest in the futures market reached its highest level since September. The coin has also benefited from a reduction in circulating supply due to token burns. Floki's surge is in line with the broader crypto bull run, and a prominent analyst predicts further upside for the coin based on technical patterns.
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