FLOKI shares surge 26% in one week, company releases 2023 roadmap.

The popular meme coin, Floki Inu (FLOKI), has been experiencing steady growth in both price and adoption over the past few days. One week ago, cryptocurrency exchange giant Binance added FLOKI to its Metaverse and Gaming sections, and after a slow start, the positive sentiment surrounding FLOKI seems to be finally paying off.

FLOKI Surges 26% In 7 Days – Price Action

FLOKI has seen a significant 25.9% price increase in the past seven days, having broken out of its consolidation zone earlier this week. The price of Floki Inu had been moving sideways after falling almost vertically on June 10th, losing over 20% of its value in a single day.

The token appears to be gaining some momentum, but has only seen a 1% price increase in the last 24 hours, and is currently being held at a key resistance level. In order to continue its upward trend, FLOKI would need to breach this threshold.

FLOKIUSD trading at $0.0000261117 | Source: FLOKIUSD chart from TradingView

It’s also worth noting that the daily Relative Strength Index, an indicator that tracks the balance between buying and selling pressure, has barely crossed the 50 mark, indicating that a bullish run is still uncertain.

As of this writing, Floki Inu is trading at $0.00002687, with a 24-hour trading volume of over $78.4 million. According to data from CoinGecko, the coin is currently 52% away from its 2023 high reached on February 17th.

FLOKI INU Shares 2023 Roadmap Update

On June 22nd, Floki Inu’s official Twitter account released a tweet giving an update on the ecosystem’s 2023 roadmap. The update includes some of the projects that their developers have in the pipeline.

The first item on the roadmap is a major upgrade for the FlokiFi Locker, a protocol for securing digital assets such as Liquidity Pool (LP) tokens, NFTs, and fungible assets. This upgrade will integrate native payments, burn mechanisms, a referral program, and other functionalities.

Source: Floki Inu

The update also mentioned a “major DeFi lending and borrowing integration” that will allow users to collateralize their FLOKI tokens to borrow other cryptocurrencies from “the biggest lending protocol on the BNB chain.” Meanwhile, a staking program is being tested and will launch as soon as internal checks are completed.

A new and improved FlokiFi design is also in the works, and other projects mentioned in the 2023 roadmap update include Project TL and Valhalla. All of these developments are expected to occur by the end of 2023.

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