- Floki Inu has announced a partnership with Premier League club Nottingham Forest to increase brand awareness.
- FLOKI has delivered better returns than other high-cap altcoins, including BTC and meme coins.
The meme coin space has seen the emergence of several new names in recent months, including Notcoin (NOT) and Dogwifhat (WIF). These new entrants are particularly popular with speculators looking to diversify their portfolios due to their highly speculative and volatile nature.
However, evergreen meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI (FLOKI) have maintained their relevance for the most part.
In fact, at the time of writing, data from TradingView reveals that FLOKI is one of the best-performing cryptocurrencies so far, up almost 210% year-to-date.
Source: TradingView
DOGE and SHIB rose 9.45% and 23.70% respectively, while newcomer BRETT gained 32% during the period. Only PEPE delivered better returns with an impressive 410% increase.
FLOKI is one of the top meme coins in terms of profitability for holders
FLOKI’s impressive price movement this year has seen most speculators holding the coin make profits.
According to IntoTheBlock: dataFor example, FLOKI ranks second among meme coins and had the most holders making profits after DOGE as of August 15. At the time of writing, up to 70% of FLOKI holders were making profits, with the coin trading at $0.000117. Meanwhile, 72.75% of Dogecoin holders were making profits, trading around $0.1034.
Nearly two-thirds (61.5%) of Mogcoin (MOG) holders saw a profit, while Pepe (PEPE) only saw a positive yield at 56.06% of holders. Shiba Inu (SHIB), the second-largest meme coin by market cap, stood out as the only meme coin with less than half (46.3%) of holders seeing a profit on their holdings.
Floki Inu promotes collaboration with notable sports
The Floki Inu ecosystem reached a new milestone this week. The memetic crypto project post FLOKI announced on X (Twitter) that it will become the Official Crypto Partner of Nottingham Forest FC for the 2024/2025 season. This strategic collaboration aims to increase awareness of FLOKI among mainstream audiences, as the altcoin’s branding will be visible during the club’s matches.
This visibility will increase credibility and help attract new users to the ecosystem. The collaboration will also demonstrate the altcoin brand’s association with innovation and growth, allowing it to establish a stronger presence in a rapidly evolving and competitive niche.
Floki Inu has been actively driving efforts to build utility for the FLOKI token and real-world use cases for the brand.
For example, in November 2022, Floki Inu announced the development of “Valhalla,” a 3D metaverse NFT game built on the Optimism Goerli testnet. Valhalla will offer players a unique combination of entertainment and real-world value creation, further expanding Floki’s presence in the gaming finance space.
Set in a Viking-themed world, the game combines traditional gaming elements with blockchain, allowing users to trade, combat, and collect assets that can be monetized through decentralized financial mechanisms.
FLOKI Price Outlook
The Floki Inu ecosystem’s latest milestone highlights its ambitions to expand beyond the meme coin space into DeFi and GameFi.
However, the partnership with Nottingham Forest did not provide any impetus to the spot market, with the memecoin plummeting along with other cryptocurrencies in mid-week market activity.
Source: TradingView
The price of FLOKI fell from $0.00012 to $0.000113 on Thursday before recovering to $0.000117 early today. Continued selling today has seen FLOKI fall to an intraday low of $0.0001105.
In fact, FLOKI has lost 37.45% of its value over the past 30 days and is in a downward trend that holders are hoping to reverse soon.
