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Missed the Floki Surge? Floki Price Soars 40% as This AI Meme Coin Gains Traction
Tim Hakki
Last updated:
May 28, 2024 10:59 EDT | 2 min read
According to a Twitter announcement, the bot launched yesterday evening as a closed beta test.
The marketing bumf for the bot says “Our aim is to advance the way you trade, making it faster, easier, and more efficient.”
The Floki bot utilizes $FLOKI as its native utility token and charges a 1% fee on every trade. Half of the fee-based revenue will go towards buying back and burning $FLOKI tokens while the other half will go into the treasury.
Anyone who wants to join the closed beta can do so by following the instructions in the announcement tweet above. There are 150 places for the two-week beta test and these are allocated on a first-come-first-served basis.
Participants are obliged to submit at least 2 feedback reports a week, make at least four weekly trades and complete a survey at the end for a currently undisclosed reward.
The public launch will happen “in a few weeks time” and will bring the new Floki bot to $FLOKI’s 480,000 holders.
Floki launched in 2021 and is named after Tesla CEO Elon Musk’s pet Shiba Inu.
Floki Outperforms Top Cryptocurrencies
The trading bot news means that Floki is today outperforming market leader Bitcoin ($BTC) which failed to grow in price overnight.
At its current price of $68,511, the world’s original and favorite cryptocurrency is 4% down from 7 days ago.
The original Shiba Inu meme referencing cryptocurrency, Dogecoin ($DOGE) also failed to grow overnight and is only 1% higher than it was this time last week at $0.1666.
According to Floki’s trading chart, today represents a breakout from previous resistance levels around $0.00023, although we can expect an imminent comedown from the news-related price action.
With a Relative Strength Index (RSI) of 73, Floki is a little overbought right now so an incoming sell-off is all but inevitable to help the token consolidate its new position.
Floki may be priding itself on its trading bot, but one crypto project still in presale has taken in millions by significantly enhancing the concept with some intelligence and personality.
WienerAI looks like another doge-themed meme coin, but it’s much more.
Touted as a “Revolutionary AI Trading partner”, WienerAI ($WAI) is a digital companion that gives its owners user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.
Simply ask it a question relating to your trading needs, like “what’s the best data storage coin to invest in this week?” and watch it come up with a list of recommendations together with a breakdown of its logic.
This money-making good boy’s presale is only a month old, and he has already lapped up a tidy $3 million in investments.
Blockchain security platform Coinsult audited WienerAI’s smart contract.
Around 20% of $WAI’s supply is for staking.
WienerAI’s website offers buyers the ability to stake during the presale, in order to take advantage of the lucrative yield, which is currently 318% APY.
Stay on top of WienerAI news over on X and Telegram.
Join the presale now over on the WienerAI website.
Follow Us on Google News Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.