The leading cryptocurrency Bitcoin (BTC) experienced a serious decline in a short time and affected the general of altcoins. This sharp decline in Bitcoin price, interestingly, did no harm to a meme-focused altcoin.
Not SHIB, FLOKI Rising
Popular cryptocurrency project of the past months shiba Inu (SHIB), It was pulled up to the 11th place with a decrease of almost 10% during the day. While Dogecoin experienced a similar decline, a project that is interestingly seen as a copy of SHIB has been on the rise.
Floki Inu, named after Elon Musk’s dog, achieved a 67% increase in 24 hours. The FLOKI price is currently trading at $ 0.00022 and the 14-day decline has finally ended. The development that activates the FLOKI price seems to have come from India.
According to the post shared on FLOKI’s official Twitter account, a partnership was signed between India’s biggest football team and FLOKI team.
Stating that they will be the official sponsor of the project and their logo will be on the jersey, the FLOKI team actually aims to reach billions of fans. Floki Inu’s logo and website will appear directly on The Blasters team’s jersey.
#FLOKI PARTNERS WITH INDIA’S BIGGEST FOOTBALL CLUB
In what is a landmark deal symbolic of $FLOKI‘s vision to truly be a dominant cryptocurrency, we would like to announce a strategic partnership with India’s biggest football club, the Kerala Blasters FC. pic.twitter.com/s1MF8ZI6CL
— Floki Inu (@RealFlokiInu) November 19, 2021
In addition, it is stated that the FLOKI brand will be displayed as an advertisement on the sidelines in all matches played on the team’s home ground. Looking to reach mainstream acceptance and focusing on the Indian market, FLOKI has certainly managed to drive the price this way.
*Not Investment Advice.