Floki Inu Roadmap Reveals Plans For Regulated Bank Accounts, FLOKI Faces 17% Downtrend

The development team behind the dog-themed meme coin Floki Inu has unveiled its highly anticipated roadmap for 2024, revealing several upcoming features and utility-focused initiatives.  Notable highlights include the launch of regulated digital banking accounts, integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release. Floki Inu Aims To Bank The Unbanked Floki Inu plans to introduce regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens.  Related Reading: Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning? In partnership with an unnamed licensed fintech company operating in key jurisdictions such as Canada, Spain, Dominica, Australia, and the UAE, these accounts will support SWIFT payments and SEPA IBANs.  In addition, the upcoming launch of Floki Debit Cards will allow users to link their digital bank accounts to debit cards, providing a convenient and secure way to spend their FLOKI tokens in traditional currencies such as Euro (EUR) and US dollars (USD).  According to the proposal, the initiative aims to “bank the unbanked” by enabling a broader user base to access traditional banking services using their FLOKI tokens while increasing the utility and adoption of cryptocurrency. Pending governance approval, Floki Inu also seeks to list its native token, FLOKI, on the Venus Core Pool. This integration aims to unlock deeper liquidity, comparable to established blue-chip cryptocurrencies and allow FLOKI holders to use their tokens as collateral to borrow various assets such as Maker (DAI), Circle’s USDC stablecoin, Binance Coin (BNB) and Ethereum (ETH).  By integrating Venus Markets directly into Floki’s user interface (UI), the protocol states that users will have frictionless access to the liquidity provided by the platform, further integrating Floki into the decentralized finance ecosystem. FLOKI-Powered Trading Bot And Valhalla Mainnet Launch Floki Inu plans to introduce a cross-chain Telegram and Discord trading bot powered by the FLOKI token. This bot will allow users to buy and sell cryptocurrencies on leading blockchain networks. Specifically, 50% of the fees generated will be used to buy and burn FLOKI tokens, increasing their utility and contributing to a deflationary mechanism.  Finally, the highly anticipated mainnet release of Valhalla, Floki Inu’s flagship utility and metaverse game, will occur. Valhalla on the Mainnet will feature on-chain game mechanics, a PlayToEarn economy, upgradeable NFTs, and an open-world experience.  Related Reading: Bitcoin Spot ETFs See 4 Consecutive Days Of Outflows, Heres What Happened Last Time As of this writing, the FLOKI token has experienced a correction of over 17% in the past seven days, aligning with the overall market trend. This correction has resulted in the current trading price of $0.0002295 for the FLOKI token. Despite the recent downtrend, it is worth noting that FLOKI has still achieved a remarkable year-to-date gain of 440%. This substantial increase in value has propelled the token’s market capitalization to $2 billion, solidifying its position at the 59th spot among the top 100 cryptocurrencies in the market. Featured image from Shutterstock, chart from TradingView.com

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Dogecoin Records Over 41% Gains Following Market Recovery

Popular meme coin, Dogecoin, is on a 7-day rampage. The token has recovered over 41% of its value following the market recovery. Dogecoin has also recorded over 17% on the day, making it one of the best-performing tokens in the past 24 hours. The cryptocurrency market has been recovering from its recent slump, which has seen many altcoins gain significant gains. However, Dogecoin has outperformed most other coins in the top 20 by gaining more than 41% in just seven days. DOGE’s price surge comes after Elon Musk visited Twitter HQ yesterday following his Twitter acquisition announcement. Related Reading: Solana Recaptures $30 Support; Here Is What To Expect Based On This Indicator Dogecoin Keeps Over 17% Profits On The Day Data from CoinMarketCap shows that Dogecoin (DOGE) has risen in value for the second day in a row. The popular meme coin reached a new monthly high of $0.08423 today. Dogecoin dropped briefly but has recovered to trade at $0.084, a more than 17% increase over the past 24 hours. Furthermore, trading volumes increased by 112.24% within this time frame. DOGE has increased over 41% in the past week, the most among the top 20 cryptocurrencies by market cap. With a market valuation of $10.5 billion, Dogecoin is the tenth largest cryptocurrency. It is less than a billion dollars from surpassing Solana (SOL). Coinglass reports that traders closed out about $8.69 million worth of Dogecoin futures during the past day. Most of the Dogecoin sales (78.81%) resulted from failed short positions. Shiba Inu (SHIB), another joke coin that competes with Dogecoin, has also increased in value over the past day. It grew by roughly 4% and currently trades at around $0.00001113. Bitcoin and Ethereum, two main cryptocurrencies, have also registered minor gains over the previous twenty-four hours. Bitcoin posted -0.61%, and Ethereum posted -0.11%, respectively. Elon’s Visit To Twitter HQ Pumps Dogecoin  Dogecoin’s price increase is attributed to Elon Musk’s remarks regarding his Twitter acquisition and HQ visit. Musk tweeted, “Entering Twitter HQ—let that sink in,” as he carried a sink fixture into the building. In addition, he updated his Twitter profile to include the title “Chief Twit.” Twitter’s Chief Marketing Officer, Leslie Berland, allegedly wrote in an internal memo that Musk “is in the [San Francisco] office this week speaking with staff, strolling the halls.” She also said that this week, he would speak to Twitter employees. She wrote, “You’ll all hear directly from him on Friday.” Expectations are high that Musk’s takeover of Twitter will conclude soon. He promised his backers yesterday that he would finalize the Twitter agreement by Friday, October 28. The latest report indicates the transaction will be finalized by 5 pm ET on the same day. Related Reading: Why Crypto Market Fear Mirrors Lull In Volatility It’s still unclear if Musk’s early cryptocurrency plans for Twitter (like integrating Dogecoin and using microtransactions to stop spam) will be implemented. Nonetheless, the announcement has generated excitement among crypto enthusiasts, sending DOGE prices up 16% in the last 24 hours. These increases are likely attributable to the partnership with Twitter. However, there’s been a few other noteworthy developments involving the coin. Featured image from Pixabay and chart from TradingView.com

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SHIB On Fire – And A Bull Run Could Be Around The Corner – Here’s Why

Shiba Inu (SHIB) price has spiked by over 30%, signifying a bull run may not be far away. SHIB price surged by over 30% on August 14 Shiba Inu trading volume peaked to 700% yesterday; highest since April 12 SHIB registers extended period of MDIA which means traders must exercise caution SHIB price has peaked to as high as $0.00017, which is considerably the highest it has been since May 10. More so, trading volume has also climbed to 700% over the weekend which is the highest registered since April 12. Shiba Inu network registered a huge uptrend in whale transactions soaring to as much as $100,000 as seen in August trading session. Considerably, around 400 whale transactions were done catapulting to a record-breaking transactions amounting to more than $100,000 that SHIB was able to log in the past few months. Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend? SHIB Daily Chart Shows Premature Bull Run Judging by the movement of SHIB on the daily chart, it seems that the price spike seen over the weekend is a premature call for a bull run. With the MFI and RSI chartering the overbought zones, the MACD position isn’t showing any potential bull run. Apparently, there were no intersections seen between the trend lines and MACD that could hint a gigantic uptrend. According to CoinMarketCap, SHIB is up by 2.72% or trading at $0.00001619 as of this writing. Despite the coin soaring in value overnight, the MVRV for 1D is low at -7.498% which hints that only a few investors gained profit from the price rally yesterday. On the other hand, the MVRV for 30D is seen to be positive at +28.32%. SHIB Shows Extended MDIA Another metric to be considered by investors is the MDIA or Mean Dollar Invested Age which refers to the mean or average of all the tokens and/or coins on the blockchain based on price. When the MDIA increases, it signifies that the tokens are lying dormant in wallets. An extended period of MDIA uptrend warns that the network is in a lull or stagnant phase which will make it extremely hard to push the price up. Shiba Inu’s MDIA shows that its MDIA has been stretched for a long time or six months at most. With that being said, traders must always be cautious in taking trading positions because the MDIA indicates that SHIB may fall. Another dog meme coin, Dogecoin (DOGE) also logged remarkable gains in yesterday’s trading session even without any support from Elon Musk who has been unusually silent about the coin for several months now. Related Reading: XRP Sluggish At Resistance – Will It Break Out After 2 Months Of Vertigo? SHIB total market cap at $9.12 billion on the daily chart | Source: TradingView.com Featured image from Analytics Insight, chart from TradingView.com

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Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target

Shiba Inu (SHIB) is capturing market attention as it consolidates at a critical level following an impressive 80% rally from recent lows. The meme-inspired cryptocurrency has shown remarkable resilience, and its current price action suggests a potential breakout at an aggressive pace if it can push above key resistance levels. Top analyst InvestingHaven recently shared [...]

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Dogwifhat (WIF) Shines With 15% Rally In The Past Week Is $2.8 The Next Stop?

The emergence of Donald Trump as the president-elect of the United States has been one of the biggest catalysts the crypto market has seen this year. The meme coin market has largely benefited from the recent bullish sentiment in the crypto industry, with the price of Dogwifhat (WIF) also running rapidly to the upside. Although this spurt of bullish momentum has drawn the attention of traders and other market participants, several investors are still treading with caution while anticipating a brief pullback. However, a prominent crypto analyst believes it is time to buy and has come forward with an audacious projection for the price of Dogwifhat. Solana-based Meme Coin Dogwifhat To Rally 20% Heres How In a November 9 post on the X platform, crypto pundit Ali Martinez shared an exciting analysis of the WIF price, explaining that the meme coin might not be done just yet. Based on recent price action, the Dogwifhat token appears to be in line for a sustained upward price run. Related Reading: PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound The rationale behind this projection is the formation of a bull flag pattern on the 4-hour chart. A bull flag pattern is a chart formation used in technical analysis and is characterized by a period of steep upward price movement (the flagpole) and a short period of consolidation or slight downward trend (the flag). The bull flag typically acts as a strong continuation pattern for an upward price trend. However, it is important to look out for a price breakout to the upside of the flag in order to confirm the trend continuation prognosis. As shown in the chart above, the price of Dogwifhat appears to be breaking out of the flag, suggesting the potential persistence of the upward trend. Should this breach be successful, it is worth noting that the breakout usually replicates the length of the initial flagpole. Using this first flagpole as a template, Martinez placed the price target for the Solana-based meme coin at $2.84, which represents a 20% increase from the current price point.  WIF Price At A Glance As of this writing, the price of Dogwifhat stands at around $2.40, reflecting a 5.9% increase in the past 24 hours. This single-day action has further improved the meme coins performance on the weekly timeframe, bringing it up to 14.6% in the past seven days. Related Reading: Dogecoin Price Forecast: Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish Featured image created by Dall-E, chart from TradingView

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