Floki Inu (FLOKI) has experienced an 8% price surge after being listed in Bitpanda’s Meme Coin Leaders Index. The recent addition points to investors’ rising interest and market validation of FLOKI as a leading player in the meme coin space.
FLOKI Inclusion in Bitpanda’s Meme Coin Leaders Index
Bitpanda, a multi-asset exchange in Europe, declared that it has added Floki Inu to the Meme Coin Leaders Index, a diversified portfolio comprising the top meme coins by market cap.
The introduction of this strategic inclusion is viewed more as a way of addressing investors’ expanding appetite for meme coins, offering them a straightforward and effective investment opportunity through the index.
Bitpanda, one of the largest and best-regulated multi-asset exchanges in Europe, has added $FLOKI to its Meme Coin Leaders Index!
This comes one week after VanEck, a major asset manager with over $100 billion in assets under management, included FLOKI in its MarketVector… https://t.co/5nqDuYN4xD
— FLOKI (@RealFlokiInu) May 13, 2024
The index is designed to give investors access to meme coins like Dogecoin, Shiba Inu, and Floki Inu without the need to manually manage individual coins.
Positive Developments and Outlook
FLOKI’s addition to Bitpanda’s index continues a string of positive news for the cryptocurrency, such as its recent inclusion in VanEck’s MarketVector Memecoin Index. These listings increase Floki Inu’s visibility and confirm its legitimacy and potential as an important player in the meme coin sector.
The fact that memes are once again popular and the crypto sector is growing rapidly makes the launching of FLOKI timely, and the assets may see increased adoption and valuation in the future.
Also, at the previous Token 2049 conference in Dubai, Justin Sun pointed out the distinctive position of meme coins in differentiating the cryptocurrency industry from the traditional financial systems. Dogecoin, Shiba Inu, and Floki Inu were particularly named by Sun to emphasize that he supports their development and significance to the crypto industry.
FLOKI Price Trend
Following the announcement, FLOKI’s price soared to $0.000186, an 8.13% increase in the last 24 hours, with a trading volume of $177,087,304. The price movement highlights the market’s positive response and investor confidence in the potential growth and wider acceptance of FLOKI.
Additionally, FLOKI’s current CoinMarketCap ranking is #54, with a live market cap of $1,775,194,373, which shows a high level of market support and investor faith.
Also Read: Bitcoin To Hit New High If It Breaches This Level, Analyst Predicts
The post FLOKI Price Surges 8% Following Bitpanda Index Listing appeared first on CoinGape.
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