Floki Inu Price Surged as New Partnership with Binance Pay Established

Floki Inu announced the commencement of its strategic cooperation with Binance Pay on Thursday, June 1. Through a marketing partnership with Binance Pay, this campaign aims to "boost" FLOKI acceptance. Users who spend $1 or more on any qualifying Binance Marketplace merchant using FLOKI and the Binance Pay payment option will receive cashback on their first transaction. The announcement stated that

The Floki team stated that this collaboration "enhances" FLOKI's usability as a payment token. It also provides "extra, targeted exposure" to the Floki Inu initiative through this marketing campaign with Binance Pay.

Floki Inu has been in a downward trend since hitting a high of $0.000068 on February 13, 2023. Floki Inu has dropped about 7% in the previous 7 days and nearly 20% in the last 30 days.

Let's see what Floki Inu holds for its investors after the listing on Binance along with Pepe. Will the memecoin reign like Shiba Inu or will fall like other frog-based memecoins?

Floki Inu's New E-Commerce Partner: Ali Express

Floki (FLOKI), Shiba Inu's competitor, revealed on Twitter that its digital token could now be used to make purchases on AliExpress, a large worldwide e-commerce platform.

According to the statement, this capability was made possible by the integration of AliExpress on Shopping.io, a pioneering online platform that takes over 150 different types of cryptocurrencies for transactions.

FLOKI's ecosystem is being expanded further with the addition of the ability to buy from an assortment of over 100 million items on AliExpress and ship to over 200 countries globally.

Due to its cheap price approach, AliExpress is particularly appealing to cost-conscious shoppers. AliExpress expands its customer base by introducing FLOKI support, catering to the growing number of crypto enthusiasts worldwide.

Shopping.io, the facilitator of this integration, is an online shopping platform that provides customers with a smooth purchasing experience. It sells items from well-known shops such as eBay, Walmart, and Home Depot, and it has recently added AliExpress to its increasing roster.

Let's see how the Floki Inu price will get a push from these partnerships.

Floki Inu Price Analysis

At the press time, FLOKI (FLOKI) is trading at $0.00003189 with a 24-hour trading volume of $20,443,878. This is a 1.58% increase in the previous 24 hours and a 5.46% increase in the last 7 days. FLOKI has a market valuation of $317,173,987 and a circulating supply of 9.9 Trillion FLOKI.

Thursday was a relatively quiet day in the cryptocurrency market. The debt ceiling vote yesterday managed to instil fear in the community. As a result, the majority of large and mid-cap cryptos were trading in the red. Floki Inu, on the other hand, was one of the rare assets that had a green number.

It has risen by more than 2% in the last four hours. In fact, FLOKI spiked to $0.00003302 shortly after the announcement. Floki Inu was also one of Binance's top trending assets. It was third at the time of publication. In fact, the token has previously held the number one spot multiple times, displacing other top assets such as Bitcoin, Polygon, Shiba Inu, and BabyDoge Coin.

Conclusion

In conclusion, Floki Inu is gaining positive traction from the latest partnerships. The price is currently experiencing a bullish movement and a "Buy" pressure. Overall, the community-driven token is exhibiting positive social sentiment.