Floki Inu stagnant after Binance Metaverse integration.
Binance, a global cryptocurrency exchange known for its large scale and influence, has taken a step towards promoting the widespread acceptance and usage of Floki Inu, a popular meme coin that has captured the attention of crypto enthusiasts worldwide. Binance has incorporated Floki Inu into two exceptional categories within its ecosystem, the Metaverse and Gaming sections, effectively opening up new avenues for the crypto named after billionaire Elon Musk’s dog. This move has propelled its growth trajectory and solidified its position as a prominent player in the ever-evolving crypto landscape.
The Floki Inu team may have hoped that news of Binance’s decision to add the meme to the Metaverse area would increase the value of their coin, but this was not the case today. At the time of writing, FLOKI price was nearly unchanged, managing to notch a meager 1.4% increase in the last 24 hours, data from crypto market tracker Coingecko shows.
Floki’s popularity has been on the rise in recent months, making it the fourth largest meme coin by market cap. Bitci, a leading cryptocurrency exchange in Turkey with more than 5 million customers, has added support for the token. The meme coin’s recent tweet stating its plans to develop a crypto education platform also caused a stir in the crypto community.
By placing Floki Inu in the Metaverse section of the exchange, Binance has essentially set up the way for the meme coin to flourish in the field of virtual reality and digital environment. By also realizing Floki Inu’s potential in the gaming industry, Binance has created a link between the cryptocurrency industry and the ever-evolving world of digital entertainment.
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Meanwhile, Santiment’s research reveals that FLOKI’s social volume suggests there was minimal excitement or speculation about the token after the Binance metaverse integration was announced. The social volume measures the amount of buzz surrounding a coin in a certain timeframe. Like the total social volume, the weighted sentiment of FLOKI remained in the negative zone. Despite some uncertainty, the general attitude toward FLOKI has remained unfavorable as measured by its weighted sentiment rating of (minus) 0.536.
If individuals express positivity when discussing a token, it can be assumed that they have a favorable opinion of the asset.
On the other hand, FLOKI’s prevalence of negative figures suggests that negative comments are more common. This indicates that people are more apprehensive than optimistic about the meme coin.
Featured image from Sam Cooling x Floki Inu
