The cryptocurrency landscape has experienced a significant upswing, particularly for meme coins, which have soared in value following Bitcoin‘s robust performance. Besides well-known meme cryptocurrencies, new entrants based on the Solana blockchain and those referred to as Base meme coins have captured market attention. Notwithstanding this surge, the spotlight remains on the heavyweight meme coins that have established a strong presence in the market.
Surge in Meme Coin Varieties and Values
Since the start of March, meme coins, typically influenced by internet culture and humor, have been dominating the market with remarkable gains. During this upturn, an influx of new meme coins, particularly on the Solana network, has been noteworthy, with currencies like Dogwifhat (WIF) and Slerf (SLERF) offering early backers the chance to strike it rich.
Among these, Floki Inu (FLOKI), with its Viking dog motif and connections to Elon Musk, has emerged as a key player, significantly impacting market dynamics. This coin has become one of the most profitable in the past month, with notable market value growth.
From February 27th to March 28th, Floki Inu’s market valuation skyrocketed from just under $475 million to an astounding $2.465 billion, translating to a $2 billion increase within a single month.
Exceptional Performance of FLOKI Coin
The price trajectory of FLOKI has been impressive over the last month, showing a 426.60% surge. This uptrend enabled it to surpass its previous all-time high of $0.00031 from March 2021.
Floki Inu’s value has continued to climb beyond the initial resistance level of $0.000240 and even breached the second resistance point of $0.000254, with a trading value exceeding $0.00026389 at the time of reporting.