Meme Crypto Named After Elon Musk’s Pet Jumps 5% Amid Dogecoin
Floki FLOKI/USD is up 5% in the last 24 hours, beating the top five meme coins by market capitalization.
What Happened: At the time of writing, FLOKI was trading at $0.000045. Dogecoin DOGE/USD was down 3.65%, trading at $0.084 and Shiba Inu SHIB/USD at $0.000012 down 4.66% in the last 24 hours.
The Tuesday evening surge in FLOKI's price is the result of the recent unveiling of its 2023 roadmap, which detailed some of its major forthcoming projects, such as launching on OKC, DeFi Lending and Borrowing, and Staking.
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THE #FLOKI 2023 ROADMAP IS NOW LIVE!
We just released #Floki’s 2023 roadmap to give you insights into what we have planned for $FLOKI in the coming weeks and months!
There’s definitely a lot of exciting things to look forward to!https://t.co/dWe6Fv79zE pic.twitter.com/F1gjV04TnU FLOKI (@RealFlokiInu) February 21, 2023
FLOKI will integrate DeFi protocols to provide lending and borrowing facilities to FLOKI holders. With this integration, FLOKI holders can access loans in stablecoins or popular cryptocurrencies by using their FLOKI tokens as collateral, thereby allowing them easy access to liquidity without having to sell their tokens, a blog post by Floki read.
Last week, Twitter Chief Elon Musk sent Floki rallying after posting a photo of a dog, presumably his pet Shiba Inu, assuming the role of "new CEO" of the microblogging site.
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