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Floki Inu’s price prediction remains bullish as it pumps over 15% in seven days. Floki announced a strategic partnership with BinStarter on August 11th. BinStarter intended to use FlokiFi Locker, Floki’s newly launched state-of-the-art crypto locker service, to protect the liquidity pool tokens of projects launched on its Launchpad platform.

Given the recent developments, Floki Inu’s price could continue to rise, so let’s first understand the key fundamentals before discussing its short-term outlook.

What is Floki Inu?

Floki Inu (Floki) has quickly become one of the most well-known dog-inspired currencies in the cryptocurrency market. 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 idea of Elon Muskthe billionaire CEO of the electric car company Tesla.

Floki is a well known brand well known for the cryptocurrency it provides. It has active relations with eight global football companies and a top Formula 1 team. These collaborations introduced the Floki brand to a mainstream market of billions of people.

Floki promises to prioritize increasing its usefulness and developing a beneficial platform while building a tight-knit community of token holders. An NFT gaming metaverse, an NFT and commodity marketplace, and an education platform are the three main projects the project is currently 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 still has to pass a ratings pool and adhere to numerous protocols. The network paves the way for its customers and supports them on their way. Additionally, they are poised to bring strong confidence to the projects and safe haven for investors by leveraging BinStarter’s new Extended Insurance Protocol (EIP).

In just its first year of operation, the network’s value-added launchpad service met with over 1,000 cryptocurrency projects and signed deals with 45 of them. Start dates have been set for 37 of these projects.

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 Test Team Tokens and Liquidity Pool Tokens launched on their Launchpad. This means that FlokiFi Locker will be suggested and displayed to all new and old BinStarter projects, helping the brand to become better known and accepted.

As per 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 purchase 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 become widely adopted and a standard for all future projects.

Floki Inu Price Prediction: 38.2% Fibo Level in Focus

FLOKI/USDT is on an uptrend after completing a 23.6% Fibonacci retracement at $0.00001372. On the weekly timeframe, Floki Inu has formed a Three White Soldiers pattern that indicates a continuation of the uptrend.

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 increase in demand may push FLOKI prices to the $0.000023 level. On the downside, FLOKI’s immediate support is likely to come in at $0.000013.

Overall, FLOKI has the potential to show another uptrend to $0.000023, so let’s keep an eye on catching a good trade.

Meme Bulls Eyeing Tamadoge (TAMA)

When it comes to potentially profitable coins,Tamadoge (TAMA) is always in the spotlight. TAMA is a play-to-earn (P2E) meme coin that performed so well during its ongoing beta sale period. During the beta sale, 200 million tokens were sold and $2 million was raised. 1 TAMA was sold for 0.01 USDT (Tether stablecoin equivalent to 1 USD in value).

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 2nd, 2022 at a discounted price.

At the time of writing, $2,880,517,125 USDT was collected from 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 walletBuy Tamadoge.

Tamadoge Socials

• Website – tamadoge.io
• Instagram –@tamadogecoin
• Telegram – t.me/tamadogeofficial (admins will never DM you first)
• Twitter –@tamadogecoin

Related

• Where to Buy Floki Inu – Beginner’s Guide
• How to buy Tamadoge in 2022
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