Floki's Valhalla Metaverse Goes Big In China, Dethrones Shiba Inu's Trading Volume In Process
Portfolio Pulse from Mehab Qureshi
Floki's Valhalla metaverse game has seen a surge in trading volumes, reaching over $98 million and surpassing Shiba Inu's $86 million. The increase is attributed to ads for the Floki game during Chinese sporting tournaments, potentially attracting new traders from China.
May 29, 2023 | 7:12 am
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POSITIVE IMPACT
Floki's trading volume surpasses Shiba Inu's, reaching $98 million due to ads during Chinese sporting events, potentially attracting new traders from China.
The surge in Floki's trading volume is attributed to the prominent display of ads for its Floki game during Chinese sporting tournaments. This move could potentially draw new traders from China to affirm the token's growth, leading to a positive short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Shiba Inu's trading volume has been surpassed by Floki's, which reached $98 million due to ads during Chinese sporting events.
Floki's trading volume surpassing Shiba Inu's indicates that Floki is gaining traction in the market, potentially at the expense of Shiba Inu. This could lead to a negative short-term impact on Shiba Inu's price as traders shift their focus to Floki.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100