Can Floki Inu Lead the Memecoin Rally with His Upcoming ETP Launch?

The Floki community recently voted in favor of a proposal that will help create the liquidity needed to launch the ETP, which is now expected to go live by the first quarter of 2025. When it goes live, it will become the second memecoin ETP on a regulated exchange. , in the footsteps of Dogecoin FTE. The coin saw a 400% jump this year, demonstrating immense community support to push it to new heights.

Floki’s bullish move creates the possibility of a memecoin breakout in 2025, as, following suit, many others will jump into the ETP mania to capitalize on the success. Following this news, the price of Floki is expected to increase and could attract significant institutional support.

What is the proposal?

As per the proposal, it will allocate a portion of the 16.3 billion tokens in the community buyback wallet to provide liquidity to the ETP, while the remaining tokens will be burned. As a result, the token’s price surged 5%, reaching $0.0001797, with trading volume jumping 58% in just 24 hours. Community projects are considered a preferred choice for crypto investors because many meme coins are backed by political leaders and celebrities.

The interest market is heating up

Market analysts are therefore optimistic about Floki’s potential. With open interest (OI) futures increasing by 10% and derivatives volumes increasing by 74%, there is a notable increase in market interest. Some analysts predict that Floki could rebound by over 50%, potentially hitting $0.00055, and even targeting $0.00080. This growing attention from traders and analysts highlights Floki’s bullish outlook, especially as the ETP launch could significantly increase its market visibility and investor interest.

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And then?

Floki Inu is in a recovery phase where its price remains stable but at the same time it is preparing for a potential jump. Currently, it is stuck below a key price level of $0.0002761. If it manages to breach this level, it could skyrocket, with some analysts predicting that it could reach $0.0005467, which would represent a whopping 200% increase from its current level. The excitement around Floki comes from its strong community, growing partnerships, and increasing focus on the market. If the token can break out soon, it could provide a big opportunity for investors willing to take risks.

Even if enthusiasm is high, it is best to analyze the market before investing in trendy projects, as many analysts warn that such projects can be fatal once the social media craze wears off. However after Trump’s victory The memecoin sector is considered the best investment option for investors looking to divert their portfolios.

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