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FLOKI Sets Memecoin Stage on Fire, but Is It Too Big a Threat for Shiba Inu?

Floki’s [FLOKI] score on the popularity metric has been high in recent weeks and the buzz has refused to taper down. The third largest meme coin by market capitalization exploded by more than 500% in the year-to-date period, data from CoinMarketCap revealed.

It grew by more than 10% over the last week while most other altcoins shed value in the same period. Shiba Inu [SHIB], the senior member in the memecoin landscape, dropped by nearly 7% in the last week.

What sets FLOKI apart from its competition is that it intends to combine the power of memes with the utility to drive mainstream adoption of the coin.

The Floki ecosystem will be powered by utility tools such as Valhalla – an NFT metaverse game, FlokiFi- a protocol comprising of several decentralized finance (DeFi) products, an NFT marketplace called FlokiPlaces and a crypto education platform, Floki University.

Shiba Inu Shiba Inu $0.00
+4.3%
Floki Shiba Inu
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