FLOKI staking surpasses $41.35M in TVL as crypto market turns green

October 29, 2023 04:31 AM PDT | By Invezz

FLOKI staking surpasses $41.35M in TVL as crypto market turns green — Image source: Invezz

FLOKI price outlook

Floki changed hands at $0.00003542 as the altcoin market remained calm into the Federal Reserve week. The meme token dropped 4.61% over the past day, but last week’s 40% upswing keeps the FLOKI price afloat.

Nonetheless, FLOKI’s upcoming performance will likely mirror Bitcoin and the overall market movements. The leading crypto by value displayed stability at the $34K vicinity, showing potential for further upticks.

Cryptocurrency analysts trust BTC will extend its upsides to new highs, citing potential spot Bitcoin ETF approval by the SEC. Morgan Creek Capital CEO believes such an event will see over $300 billion following into the leading crypto, triggering massive rallies to $200K – $300K.

The approval of a spot ETF by the SEC could lead to an influx of $300 billion into #Bitcoin

– CEO of Morgan Creek Capital.

According to calculations, this buying capital could drive $BTC to $200,000-$300,000. pic.twitter.com/AIvXPK1tgr
— Crypto Rover (@rovercrc) October 29, 2023

FLOKI will likely skyrocket to new highs amidst a broad-based rally. Also, the meme token team focuses on expansion. Recently, the project announced a strategic marketing deal with World Table Tennis.

The post FLOKI staking surpasses $41.35M in TVL as crypto market turns green appeared first on Invezz

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