Elon Musk-Inspired Shiba Inu (SHIB) Competitor Rises New Crypto Exchange List

A rival of Shiba Inu (SHIB) and Dogecoin (DOGE) is bouncing after earning new support from a popular Korean crypto exchange.

Floki Inu (FLOKI), which recently broke into the top 100 crypto assets by market capitalization, jumped from a 24-hour low of $0.00004089 to a high of $0.00004701 as word of the listing spread – representing an increase of 15%.

The bounce, which has since narrowed to a 4.4% increase, came as FLOKI perpetual trading went live on DigiFinex.

“FLOKI perpetuals is live on DigiFinex!

You can now trade FLOKI with leverage of up to 100x on the DigiFinex exchange!

DigiFinex has also listed a FLOKI/USDC pair to make Floki more accessible to users of their exchange!”

FLOKI, that was inspired by tech magnate Elon Musk’s puppy, is down 12.5% ​​in the past week, 5% in the past two weeks, and 36% in the last 30 days.

The meme coin has currently outperformed the rest of the crypto markets by a huge margin since opening 2023, currently up 520% ​​since January 1, even after dip from local highs.

According to Binance’s Trending Altcoin List, Floki Inu was one of the fastest rising coins last month.

Last month, Dubai-based crypto exchange Bybit revealed that it added support for Floki Inu perpetual contracts with leverage up to 12.5x.

Also in February, the team behind FLOKI announced that it is partnering with the Venus Project, the second largest decentralized finance (DeFi) ecosystem in the BNB chain. The partnership will allow FLOKI holders to use their coins as collateral to borrow other crypto assets.

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Featured image: Shutterstock/Sergey Nivens/REDPIXEL.PL

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