Floki Staking Hits Record $105M, Surges Ahead Of Dogecoin, Pepe Coin, Shiba Inu In Total Locked Value
Portfolio Pulse from Mehab Qureshi
Floki (FLOKI) announced reaching a staking total value locked (TVL) all-time high of $105 million, surpassing Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) in TVL. Over 25% of FLOKI's supply is staked, with investors potentially earning TOKEN rewards with an APY of up to 160%. Comparatively, Dogecoin's TVL is $3.78 million, Shiba Inu's $1.1 million, and Pepe Coin's $9.4 million. Cryptocurrency analyst Scofield predicted a price increase for FLOKI, which saw a 35% rise in a week.
February 27, 2024 | 9:17 am
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POSITIVE IMPACT
Ethereum saw a value increase after a suggestion by co-founder Vitalik Buterin on using AI for smart contract checks, indicating positive market sentiment.
Buterin's suggestion and the subsequent value increase reflect positive sentiment and potential for further growth in Ethereum's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Floki reached a staking TVL all-time high of $105 million, indicating strong investor commitment and potential for increased demand.
The significant amount of FLOKI staked suggests a bullish sentiment among investors, potentially reducing supply and driving up prices in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin's TVL in staking is significantly lower than FLOKI's, which could impact investor perception and demand.
The stark contrast in TVL between DOGE and FLOKI could lead to a shift in investor interest towards FLOKI, potentially negatively impacting DOGE's price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Pepe Coin's TVL in staking is lower than FLOKI's, which may influence its attractiveness to investors.
The comparison in TVL suggests that FLOKI may be more attractive to investors, potentially leading to a decrease in demand for PEPE.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Shiba Inu's TVL in staking is much lower than FLOKI's, potentially affecting its market position and investor interest.
With FLOKI's TVL significantly outperforming SHIB's, there could be a shift in investor preference towards FLOKI, possibly negatively affecting SHIB's price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70