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Why FLOKI Price Hits 6-Month Peak With 5% Surge?

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Summary
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66% Informative

FLOKI price recorded a surge of 5% today , hitting its 6-month peak.

The rally comes amid a flurry of developments surrounding the meme coin as well as in the broader crypto market.

The market anticipates this soaring interest in turn could significantly push the prices further high.

This development also reflects how listing announcements from major exchanges usually boost the assets’ prices while boosting the market sentiment.

FLOKI Futures Open Interest rose nearly 20% , reflecting the strong market confidence towards the crypto.

An analyst hinted at a potential 200% rally in FLOKi price in the coming days , which has also sparked speculations among traders.

Despite the bullish move, investors should trade with caution as meme coins tend to showcase more volatility than other traditional assets.

VR Score

46

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35

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30

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formal

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English

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50

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short-lived

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