FLOKI Rises 16% Weekly as Investors Embrace New Meme Coin[embed]https://www.youtube.com/watch?v=I-kwf66V_8k[/embed]

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</div></div></div><p>The price of Floki surged by 4% in the past 24 hours, reaching <a href="https://coinmarketcap.com/currencies/floki-inu/">$0.0001517</a> at 3:30 a.m. EST, with trading volume climbing by 8% to $243.9 million.</p>
<p>This popular dog-themed meme coin has increased by 16% over the past week, but its price has faced rejection three times this week after encountering resistance at $0.000155.</p>
<p>Recently, the token has experienced several significant developments that might have increased trader engagement, such as the announcement of Hafthor Bjornsson as the official ambassador for its innovative MMORPG, Valhalla.</p>
<p>The Icelandic actor and strongman is globally recognized for his portrayal of “The Mountain” in Game of Thrones and for winning multiple strongman competitions.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="14.988732394366">
<p lang="en" dir="ltr">Valhalla, Floki's groundbreaking MMORPG, has welcomed Hafthor Björnsson as its official ambassador!</p>
<p>Hafthor Júlíus Björnsson, the Icelandic strongman and actor famous for his role as "The Mountain" in Game of Thrones, is joining Valhalla as the official ambassador.</p>
<p>This long-term partnership… <a href="https://t.co/mSJ6IJazJ9">pic.twitter.com/mSJ6IJazJ9</a></p>
<p>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1846629013760233684?ref_src=twsrc%5Etfw">October 16, 2024</a></p></blockquote>

<p>Now, he has entered into a long-term collaboration with Floki and its game, which has provided additional visibility to the project.</p>
<p>Prior to this, Floki also recently completed an event for Valhalla called Unleash The Thunder, where users had the opportunity to showcase their skills by climbing the leaderboard and sharing in a $30,000 prize pool in FLOKI tokens, leading to increased player participation.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="12.618384401114">
<p lang="en" dir="ltr">Only 7 hours left in <a href="https://twitter.com/hashtag/Valhalla?src=hash&amp;ref_src=twsrc%5Etfw">#Valhalla</a>’s "Unleash the Thunder" event, ending today at 6 PM UTC! </p>
<p>Now’s your last chance to ascend the leaderboard and earn a portion of the $30,000 prize pool in <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> tokens. Test your limits before time runs out! </p>
<p>Once the… <a href="https://t.co/gpKAnqff31">pic.twitter.com/gpKAnqff31</a></p>
<p>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1846506426597847470?ref_src=twsrc%5Etfw">October 16, 2024</a></p></blockquote>

<h2>Floki Price Forecast</h2>
<p>Although the FLOKI price has shown substantial spikes multiple times over the last week, including the recent 4% rise in the last 24 hours, its value is currently on a downward trend after being rejected by resistance at $0.000155 for the third time this week. The technical indicators also imply that FLOKI is enduring a bearish movement.</p>
<p>The Bollinger bands for the Viking meme coin have constricted considerably in the past few hours, as the price has shifted from the upper band down towards the middle point, and subsequently down to the lower band. Presently, the price continues to decline, pushing the lower band even further down, which indicates a strong bearish trend.</p>
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<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201794%20901'%3E%3C/svg%3E" alt="Floki Price Prediction" width="1794" height="901" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction-1024x514.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction-768x386.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction-1536x771.png 1536w" data-lazy-sizes="(max-width: 1794px) 100vw, 1794px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction.png"/>
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<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction.png" alt="Floki Price Prediction" width="1794" height="901" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction.png 1794w, https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction-300x151.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction-1024x514.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction-768x386.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Floki-Price-Prediction-1536x771.png 1536w" sizes="(max-width: 1794px) 100vw, 1794px"/>
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<p>The Relative Strength Index (RSI) has also been declining, indicating that selling is outpacing buying among traders. After entering the overbought territory and nearing a value of 90 just ten hours ago, the RSI has now retreated to neutral territory.</p>
<p>If selling trends continue, it may dip into the oversold zone. While this is a bearish indication, it simultaneously presents a buying opportunity for traders looking to capitalize on the price drop. The decline seems to be slowing as the token approaches a support level at $0.000150, implying a potential turnaround could occur soon.</p>
<p>In simpler terms, traders might not wait for the RSI to hit the oversold area but could initiate buying before that point. For the time being, uncertainty looms, but closely monitoring FLOKI's performance in real-time could present an opportunity to enter the market at a lower price before an upward rebound.</p>
<h2>A Promising Alternative to Floki</h2>
<p>Investors concerned about Floki’s recent price volatility may want to explore an emerging opportunity like the presale of Flockerz (FLOCK), touted as the world’s first Vote-To-Earn token.</p>
<p>Flockerz aims to enhance decentralization by incentivizing token holders to take part in the governance of the project.</p>
<p>Many crypto investors today tend to lose interest in participating in voting processes, thus surrendering their influence over project decisions that shape their trajectory.</p>
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<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20719%20871'%3E%3C/svg%3E" alt="" width="719" height="871" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Flockerz-tweet.png 719w, https://insidebitcoins.com/wp-content/uploads/2024/10/Flockerz-tweet-248x300.png 248w" data-lazy-sizes="(max-width: 719px) 100vw, 719px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/10/Flockerz-tweet.png"/>
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<p>This dynamic often centralizes control in the hands of a few, diminishing decentralization. Flockerz is trialing an innovative approach that rewards users with tokens whenever they cast their vote, providing them with an incentive to engage in discussions and remain informed about key decisions.</p>
<p>Additionally, it features an impressive 2,194% annual staking reward for those who acquire and lock up their FLOCK tokens.</p>
<p>Crypto influencer Jacob Bury, boasting 43k subscribers, suggests that FLOCK could potentially 10x in value.</p>
<noscript></noscript>
<p>The ICO for Flockerz recently achieved a significant milestone, raising $800k, and is on track to surpass the $1 million mark. Interested participants can join the project now while it's still in the early phases and purchase FLOCK tokens for $0.005793 each using ETH, USDT, BNB, or credit/debit cards.</p>
<p>Act quickly to snag the best price before a potential hike within the next 24 hours.</p>
<p>Visit the official FLOCK website for more details.</p>
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