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- 1 Meme coin Floki gets listed on the biggest Crypto exchange in Brazil
- 2 Along with Floki, the meme coin “PEPE” also gets listed on the exchange
- 3 Mercado Bitcoin will help in higher visibility and increased trading volumes of these coins
According to a Friday announcement, Shiba Inu’s biggest rival Floki got listed on Mercado Bitcoin, which is the largest and most respected cryptocurrency exchange in Brazil.
Boasting Mercado Bitcoin’s 3.8 million user base the Floki coin’s official Twitter handle celebrated its listing. The development is a real sign of the growth of the broader meme coin market and the adoption of meme coin.
What is Floki Coin?
Floki Inu which is also considered a meme coin was inspired by Dogecoin and its successor Shiba Inu. The coin is named after the dog of SpaceX and Tesla CEO Elon Musk and was created by the members of the Shiba Inu community.
Musk’s controversial tweets regarding crypto coins have always sparked interest and when in 2021 Musk decided to buy a Shiba Inu puppy and name it Floki the interest for this coin surged like anything.
The token is a multi-chain token and is associated with the project FLOKI. The token operates in both the Ethereum and Binance Smart Chain (NSC) as it is compliant with both ERC-20 and BEP-20. Due to its compliance, the FLOKI token can be used as a bridge by its users to use either store or transact their tokens in the blockchain.
The coin is mostly considered a meme coin but ever since Elon Musk’s tweet it has gained popularity and interest has sparked related to the coin. Ever since then it has achieved value and gained a following in the crypto marketplace.
What is PEPE Coin?
But Floki wasn’t the only meme coin that got listed recently. The exchange also listed PEPE Coin. Pepe Coin is another coin that is widely considered a meme coin and was inspired by the internet-famous Pepe th Frog. Due to its massive hype, Pepe Coin experienced extraordinary price gains only to lose 65% of its value later.
Although Mercado Bitcoin believes that Pepe Coin is a significant meme coin and is the driver of the current “meme coin season”. Pepe Coin has seen substantial growth over the past two months.
PEPE is the latest example of a meme coin that was launched in mid-April 2023, though is a bit different than the oft-popular Doge or Shiba Inu tokens.
Memecoins in cryptocurrencies are mostly promoted by public figures such as Elon Musk followed by influencers and major figures. Due to a lack of seriousness, they draw both investors’ attention and money. But it is seen in recent times that the potential of scoring big with meme coins is really high and real.
The addition of such tokens to one of the biggest exchanges in Brazil proves that such coins are gaining popularity and more than that gaining acceptance. With a user base of almost 3.8 million Mercado Bitcoin platform can provide these coins with increased visibility, potentially leading to higher trading volumes and price appreciation.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
