The global digital assets market recorded a broad rally on Thursday. The largest cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) rose by 11% and 8% respectively in the last 24 hours. However, Floki Inu (FLOKI) is leading the meme currency rally, outpacing Shina Inu (SHIB) and Dogecoin (DOGE).
FLOKI beats the best meme coins
According to the data, the price of Floki Inu has jumped an impressive 430% in the past 30 days. The recent price spike has made FLOKI one of the most profitable meme tokens, beating out Dogecoin and Shiba Inu. According to reports, Floki Inu has become the most traded asset on the leading Dutch exchange Litebit with 46.9 percent of total volume.
However, the price of Dogecoin has risen 272% in the past 30 days. This has helped the token land on the list of most profitable meme coins.
The price of FLOKI has risen another 95% in the past 24 hours. It is trading at an average price of $0.0000054, at the time of printing. However, its 24-hour trading volume has increased by more than 200% to $206 million. Its market capitalization now stands at about $479 million.
Can the Floki Inu sustain this rise?
Meanwhile, major meme coins like SHIB and DOGE managed to jump 6% and 3% in the past 24 hours, respectively. The cumulative cap of meme currencies rose by 5.25% to $21.2 billion.
The data shows that interest in FLOKI is on the rise, with trading volume increasing by $200 million. Much of this is from DEX. However, trader interest in the dog-themed meme coin has increased on the BNB channel.
Floki Inu has more than 365,000 holders on the BNB chain, while there’s about 66.9,000 on the Ethereum network. This is due to low gas fees and scalability.