After Shiba Inu (SHIB) saw a massive 28 percent price hike in 24 hours this week, all the other major meme-based coins also rose. What is happening in the same world of currencies? Is it related to Elon Musk? of course it is.
Let’s check out the Floki Inu (FLOKI) meme coin to see how it does justice to its stock amid soaring coin prices, and also see how a new project Logarithmic Finance (LOG) plans to enter the fray with as much impact as any meme coin ever did.
Dogecoin (DOGE) was created in 2013 as a kind of joke to make fun of the crypto world. Its price has seen some amazing growth since then, making several millionaires along the way. Sometime in early 2001, after some positive tweets from Elon Musk and Snoop Dogg, the price of DOGE went up 2,100 percent in a three-month period.
He attended it again this week while speaking at the Qatar Economic Forum. “I intend to support Dogecoin personally.” (Cue the massive rise in the price of Dogecoin)
Unsurprisingly, DOGE’s massive success has inspired many coins based on dog memes, hoping to ride on DOGE’s coats and take pictures of the moon.
One of the latest incarnations that fits this category is FLOKI.
FLOKI – The hottest meme right now?
One criticism of meme coins is that they lack proper use in the real world, relying on popularity and buzz only to force higher prices. FLOKI positions itself as a single currency with real interest.
Launched in 2021, FLOKI has demonstrated consistent growth by introducing the NFT and commodity market, the NFT metaverse and content education platform.
The FLOKI metaverse is called Valhalla and it’s making big waves in the gaming industry. Other dog-based meme coins have been reluctant to dip their toes into the metaverse, so FLOKI is now arguably a serious competitor to DOGE and Shiba Inu (SHIB).
The price of FLOKI is up 2.69 percent in the last 24 hours. Now could be a great time to join in on this.
LOG – Revolutionizing the World of DeFi
LOG is set to revolutionize the world of DeFi. Currently in the pre-sale phase, LOG is attracting a lot of interest due to its unique swap protocol. LOG will allow NFT auction functionality to its owners, which means that NFTs can be exchanged in exchange for other cryptocurrencies.
The Layer 3 protocol supports a peer-to-peer interoperable multi-chain platform that connects DeFi projects with potential investors. Some decentralized exchange protocols have been criticized for lack of flexibility due to their being tied to a single blockchain. The LOG will be interoperable across a range of major blockchains, including Avalanche, Polygon, Binance Smart Chain, Solana, and Tezos. Both of the crypto projects mentioned above have a very high potential for significant gains in the coming months. Follow the links to get on board.
Learn more about LOG
FLOKI website: https://www.floki.com/