Floki Beats Dogecoin, Shiba Inu With Double-Digit Gains After Coinbase Listing Announcement

Floki (CRYPTO: FLOKI) jumped to the top of the daily gainers list after leading cryptocurrency exchange Coinbase announced support for the dog-themed cryptocurrency.

What happened: The meme coin soared nearly 16% over the last 24 hours to hit a five-month high. 

Trading volume for the token increased 112% to $1.19 billion while its market capitalization pushed beyond $2.5 billion.

Floki's double-digit rally outperformed the blue-chip meme currencies, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which fell 0.81% and 2.80%, respectively.

Named after tech mogul Elon Musk's Shiba Inu dog, Floki has been one of the top-performing cryptocurrencies in 2024, with year-to-date gains of 668%. 

See Also: Microstrategy’s Michael Saylor To Advocate For Bitcoin ...

Full story available on Benzinga.com