Floki Inu extends its dog-themed rally as meme coin climbs 105%

The price of the meme cryptocurrency Floki Inu (FLOKI), named after Elon Musk’s dog, rose by almost 80% in 24 hours and hit an all-time high of $0.00021552, according to CoinGecko.

As of writing, FLOKI was trading near $0.000202. The cryptocurrency’s market capitalization stood at $1.88 billion.

On October 29, the project’s Twitter account said that FLOKI had 190,000 holders. By contrast, one of the leading meme cryptos — Shiba Inu — is held by more than 839,000 addresses.

#FLOKI just hit 190,000 holders!

The #flokiarmy is here to take over!#FlokiVikings! pic.twitter.com/BVBiOS6OOr

— Floki Inu (@RealFlokiInu) October 29, 2021

With the Floki Inu ecosystem set to include its own metaverse, Valhalla, and an NFT marketplace, FlokiPlaces, yesterday’s Facebook announcement could have served as a growth driver.

Valhalla is designed to ‘bring together mainstream and blockchain games in a single metaverse’. According to the developers, they ‘borrow successful elements from games like Pokémon, Animal Crossing and Skyrim, and bring them into blockchain’. The gaming platform will include interactions with NFTs and the play-to-earn mechanic.

The project is scheduled for a 2022 launch. FLOKI will serve as the primary in-game currency.

The FlokiPlaces marketplace is planned to launch by the end of 2021. It is expected to operate as a fully functional e-commerce platform that will allow users to trade NFTs. The primary currency of the platform will also be FLOKI.

In addition, the price rise could have been aided by an effective marketing campaign launched in London’s public transport system earlier.

As a reminder, on 27 October Shiba Inu entered the top-10 by market capitalization. Early investors made billions of dollars.