Floki Explodes 500%! Is Now the Time to Invest?

• The total value locked on the Floki blockchain has surged by 71 percent in February 2023, flashing high adoption.
• FLOKI price is up by more than 200 percent and its valuations soared past $500 million for the first time, entering the top 100 cryptocurrencies.
• KuCoin recently announced listing of FLOKI, offering trading against USDT and USDC pairs to 27 million users.

Floki Price Soars 500% – Is Now a Good Time For Investors?

The memecoin Floki (FLOKI) has had an impressive run in the crypto market recovery of 2023, with its price surging over 200 percent this week and crossing $500 million for the first time in market capitalization.

Total Value Locked Increases 71 Percent

As FLOKI’s valuations soar, its native DeFi protocol FlokiFi Locker has also seen major milestones. The total value locked (TVL) on the Floki blockchain has shot up by an astonishing 71 percent since the start of February 2023.

KuCoin Offers Support for FLOKI

The recent surge in FLOKI prices comes shortly after Seychelles-based exchange KuCoin announced support for it. This means that 27 million global users can trade FLOKI against USDT and USDC pairs.

DOGE & SHIB Attract Attention from Investors

With DOGE and SHIB continuing to be popular amongst traders, investors are now taking notice of other memecoins like FLOKI as well.

Is It Time To Invest In FLOKI?

As crypto markets continue to recover in 2023, many investors may consider investing in memecoins such as DOGE, SHIB, and now even Floki. However, investors should do their own research before making any decisions.