07.04.2024

FLOKI course recovers thanks to new partnership

After a 17% drawdown, the value of the Floki (FLOKI) memcoin started to recover. The positive dynamics was influenced by the latest news from the project team. The Floki memcoin project team announced a strategic partnership with Web3-browser Carbon (CSIX). It has more than 62 thousand daily active users.

What’s coming

According to Floki’s blog post, the partnership with Carbon will increase the brand awareness of the memcoin and encourage its adoption among a wider digital audience.

For two months, the token will be on the homepage of the Web3 browser. The official Carbon project website will add Carbon to select decentralized applications (dApps). Other key details of the partnership include:

  • dApp Store integration. The browser will add the Floki webpage to its decentralized app store, making it easier for users to access the memcoin steaking program;
  • the appearance of the FLOKI token in the Carbon crypto wallet;
  • crosschain accessibility. “Meme” coin will be hosted on https://LDX.Fi, a crosschain bridge based on the Carbon browser that connects more than 20 blockchains.

The Carbon browser is a confidential and secure open source web browser designed specifically for Web3. It is powered by a decentralized virtual private network (dVPN) and supports various decentralized marketplaces. Carbon also features an internal cryptocurrency wallet, exchanger and bridge.

How FLOKI reacted

According to CoinGecko, the price of the Floki project memcoin rose by almost 11% on the background of the announcement of the cooperation. At the time of writing, the asset is trading at $0.000184.


Chart of FLOKI token value. Source: CoinGecko

In the evening of March 19, after the active growth of the entire sector of “meme” coins, the rates of cryptocurrencies began to fall rapidly. Among the negative leaders was FLOKI – at the moment the value of the token fell by 17%.

However, in the aggregate, over the past month, the token of the project Floki rose in price by more than 420%. Such a significant rise was observed against the background of the memcoin rally.

Earlier it turned out that over the last week the volume of trading in “meme” coins reached the levels of October 2021 – $80 billion. Now experts fear that the bubble may still burst, as it happened last time.

Hong Kong difficulties

At the end of January, the Hong Kong Securities and Futures Commission (SFC) put Floki’s steaking programs on the list of “suspicious investment products” due to high yields. Amid this turn of events, the team restricted access for residents.

The developers explained in detail why the project’s steaking program offers high annual returns. In particular, it is supported by a unique reward system that does not depend on external market forces.

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Коля Мельниченко

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