The Floki Inu-Chainlink integration is good news, but FLOKI is still missing …

Dog-themed tokens have performed well so far, although the process has surprised many people. Accordingly, traders and investors continue to benefit from them. After the DOGE and SHIB craze subsided, FLOKI soon stepped into the limelight and proved that aggressive marketing and ubiquity can be a real game changer for altcoins.

FLOKI 4-Hour Price Chart | Source: Tradingview

Just a few days ago, FLOKI was the hottest topic in the UK in anticipation of the big screen advertising on the Burj Khalifa. In fact, the mint’s Twitter manager announced that FLOKI was trending on Twitter for 5 days in a row after Floki Inu officially “was the first crypto project to advertise on the Burj Khalifa”.

In addition, the very active Altcoin community, Floki Vikings, also contributed to the surge in popularity.

Integration makes the network stronger

In addition to an active community, partnerships and integrations have created favorable conditions for the project. In fact, on December 3rd, Floki Inu announced publicly on Twitter that the platform had integrated Chainlink into a strategic move to enter the DeFi sector.

This integration can give FLOKI access to the tamper-evident price feed needed for accurate price measurements in the chain and plays an important role in keeping Floki’s NFT P2E game running efficiently. In addition, in the future it will also allow users to invest, lend and borrow, while also making it easier to use HODL tokens, as the platform already offers. emphasize.

In addition, Floki has also entered into a partnership with the German professional football club and Bundesliga giant Bayer 04 Leverkusen. This has attracted more attention to altcoins. Despite so many partnerships and integrations, why is this coin still ranked 2800th by market capitalization?

Can keep the nickname Doge murderer are not?

After hitting an ATH of $ 0.00033651 on Nov 4th, the FLOKI price was in a downtrend. In fact, at the time of writing, it’s currently 60% lower than ATH.

Not only was this token unaffected by the general market sell-off, but prior to December 3rd, the price rose for 5 consecutive days. In contrast, SHIB and DOGE have more limited price action.

In fact, the cryptocurrency has hit a higher low in a shorter timeframe, indicating a possible breakout if the uptrend continues.

Source: TradingView

In terms of price, FLOKI looks stronger than SHIB and DOGE at the time of writing. However, FLOKI lacks an important aspect: the support of the retail trade. In particular, both SHIB and DOGE have strong whale communities that they support.

DOGE whale (green) | The source: IntoTheBlock

For DOGE, the active retail audience was the main reason behind the galloping rallies last year.

Retail group dominates SHIB (gold) | The source: IntoTheBlock

While FLOKI increased retail volumes in early November when prices hit ATH, that euphoria gradually faded. In fact, the volume of trade stayed low, falling more than 50% after ATH.

So the doge killer still needs the support of the dealers. At the same time, the price action needs to stay strong as further integrations and partnerships keep it on track.

Major listing events could also trigger price increases if they occur in the near future.

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