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When we published the news about the tournament advertising agreement, we revealed some details about the token they would release. The Floki team, who announced that the big announcement was approaching last week, had raised expectations for this week. With the recovery in BTC price, there was an expectation that the FLOKI Coin price could increase even more with the announcement. Indeed, the reason for the double-digit increase before the announcement was this.
Why is Floki Coin Rising?
Floki Inu (FLOKI), which is among the largest meme coins, experienced a nearly 10% increase shortly after its announcement. The team announced their new token and platform. This sibling token will focus on the tokenization of real-world assets. The increased interest in the RWA field had increased the price of TRB and LINK Coin by over 100%.
Meme coins try to make their tokens more valuable by releasing products in current hype areas. The best example of this is Shiba Coin because it has tried to increase its price by doing something in almost every field, including DeFi, NFT, Metaverse, and layer2 solution. Floki, on the other hand, acted early in terms of RWA compared to the Shiba Coin team.
The team writes the following in their announcement;
“Floki has launched a crypto and asset tokenization platform called TokenFi to take advantage of the trillion-dollar tokenization industry. The tokenization industry is estimated to be a $16 trillion industry by 2030. BlackRock, the world’s largest institutional investor with $10 trillion in assets under management, strongly believes in the potential of the sector they refer to as the ‘next evolution in markets’.”
TokenFi, abbreviated as TOKEN, aims to simplify the process of crypto and asset tokenization and ultimately become the leading tokenization platform in the world.”
The Floki Coin price is positively influenced by ambitious (and probably exaggerated) statements.
