Floki Inu DeFi

Floki Inu price prediction remains bullish as it pumps over 15% in seven days. Floki announced a strategic partnership with BinStarter on August 11. BinStarter intended to use Floki’s newly launched, cutting-edge crypto locker service FlokiFi Locker to safeguard the Liquidity Pool tokens of projects launching on its Launchpad platform.

Given recent developments, the Floki Inu price may rise further, so let’s first understand the key fundamentals before discussing its short-term forecast.

What is Floki Inu?

Floki Inu (Floki) has quickly become one of the cryptocurrency market’s most prominent dog-inspired currencies. The meme coin was created by an anonymous group of programmers who were Shiba Inu fans and active members of their community. It was also the brainchild of Elon Musk, the billionaire CEO of the electric car company Tesla.

Floki is a well-known brand that is well-known for the cryptocurrency it provides. It has active relationships with eight global football companies and a top Formula One team. These collaborations have introduced the Floki brand to a mainstream market of billions of people.

Floki promises to prioritize increasing its usefulness and developing a beneficial platform, all while building a close-knit community of token holders. An NFT gaming metaverse, an NFT and goods marketplace, and an education platform are the three main projects the project is presently working on.

The project anticipates that these three main facilities will attract many investors.

What is BinStarter?

BinStarter is a platform for launchpads provided by four Ethereum chains: Binance, smart-chain, polygon, and Avalanche. This decentralized insurance platform connects projects and liquidity providers through an approval process. The network is not like other platforms that offer IDO solutions.

BinStarter is decentralized but must still pass an evaluation pool and adhere to numerous protocols. The network paves the way for its customers and supports them throughout their journey. Furthermore, they are prepared to provide a strong sense of trust for the projects and a safe haven for investors by utilizing BinStarter’s new Extended Insurance Protocol (EIP).

In only its first year of operation, the network’s Value-Added Launchpad Service met with over 1,000 cryptocurrency projects and formed deals with 45 of them. The launch dates for 37 of these projects have been determined.

Collaboration Between FlokiFi Locker and BinStarter

As a result of this collaboration, the FlokiFi locker will be the preferred and most advanced mechanism for securing project testing team tokens and liquidity pool tokens that launch on their launchpad. It means that FlokiFi Locker will be suggested and displayed to all BinStarter projects, new and old, assisting the brand in becoming more well-known and accepted.

According to the Tokenomics of the FlokiFi locker protocol, there is a fixed fee to lock liquidity pool tokens and a token first. These transaction fees are automatically used to buy Floki tokens, which are then burned, with 75% of the profits going to the Floki treasury.

With this collaboration, FlokiFi Locker and its partners demonstrate their desire for the protocol to be widely adopted and become a standard for all future projects.

Floki Inu Price Prediction: 38.2% Fibo Level in Focus

The FLOKI/USDT is on a bullish run, having completed a 23.6% Fibonacci retracement at $0.00001372. On the weekly timeframe, Floki Inu has formed a three-white soldiers pattern that suggests odds of a bullish trend continuation.

Floki Inu Price Chart -  Source: Tradingview

Floki Inu Price Chart – Source: Tradingview

On the higher side, a break above the $0.00001372 level is likely to lead FLOKI towards the 38.2% Fibo level of $0.00001945. A further surge in demand can expose FLOKI prices to the $0.000023 level. On the lower side, FLOKI’s immediate support will likely be $0.000013.

Overall, FLOKI has the potential to exhibit further uptrend until $0.000023, so let’s keep an eye to capture a good trade.

Meme Bulls Eyeing Tamadoge (TAMA)

When it comes to potentially profitable coins,  Tamadoge (TAMA) is constantly in the spotlight. TAMA is a Play-to-Earn (P2E) meme coin performing so well during its Beta Sale phase, which is still live. During the beta sale, 200 million tokens were sold, raising $2 million. 1 TAMA was sold for 0.01 USDT (Tether stablecoin, which is equal in value to 1 USD).

TAMA

TAMA is the native token of the ecosystem and is classified as a meme coin. Tamadoge (TAMA) has started the beta sale phase of its presale, which will run until September 2, 2022, at a discounted price.

At the time of writing, $2,880,517.125 USDT has been raised at buy.tamadoge.io – early traders can buy TAMA with ETH, USDT, or fiat currency via on-ramp Transak using a debit or credit card.

Check out how to set up a crypto wallet to buy Tamadoge.

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Tamadoge
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