FLOKI Enters Top 100 Following 15% Daily Surge
Bitcoin’s unusual lack of volatility continues, with the cryptocurrency trading around $22,400.
The altcoins are in a similar state, with little-to-no movement from most of the larger caps. FLOKI took advantage and jumped into the top 100 following a massive daily surge.
As the Silvegate issues intensified, bitcoin’s price plummeted from over $23,400 to just under $22,000 in minutes last Friday. However, that was the last of the cryptocurrency’s price volatility for the next few days.
The weekend was relatively quiet, as trading volumes had decreased. Nonetheless, there were no significant price movements on Monday, with BTC trading in a narrow range between $22,300 and $22,600.
Most alternative coins have remained stuck in the same position as the past few days as well. FLOKI is among the few exceptions. In fact, the memecoin has skyrocketed by 15% in a day, which has helped it enter the top 100 cryptocurrencies by market cap.
(With inputs from Shikha Singh)
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