Floki Inu (CRYPTO: FLOKI), a Dogecoin (CRYPTO: DOGE) knockoff named after Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk’s pet canine Floki, is outperforming Dogecoin, Shiba Inu and different main cryptocurrencies as of press time, early Tuesday morning.
What Occurred: Floki Inu is up 18.9% in the course of the previous 24 hours, buying and selling at $0.00006880 at press time.
The altcoin has surged 17% in opposition to apex cryptocurrency Bitcoin and in addition gained 19.2% in opposition to Ethereum in the course of the 24-hour interval.
See Additionally: How To Buy Floki Inu (FLOKI)
As compared, Dogecoin is down virtually 4% in the course of the previous 24 hours, buying and selling at $0.2262 at press time.
Shiba Inu, a self-described DOGE-Killer, is up 13.4% in the course of the 24-hour interval to $0.00003064.
Why It Issues: The Floki Inu crew is presently engaged on three flagship utility tasks — an NFT gaming metaverse often called Valhalla, an NFT and merchandise market often called FlokiPlaces, and a content material/schooling platform often called Floki Inuversity.
Floki Inu stated on Twitter that its Valhalla crew launched some severe sport artwork ideas in the course of the first version of Floki’s weekly updates on Monday.
The primary version of #FLOKI‘s weekly updates and AMA on our NFT gaming metaverse Valhalla was
Our Valhalla crew leads shared some very thrilling data and launched some significantly dope sport artwork ideas.
— Floki Inu (@RealFlokiInu) October 11, 2021
Floki Inu says on its web site that it’s the solely crypto undertaking formally partnered with Musk’s brother Kimbal Musk’s Million Gardens Motion, with whom it’s working to “sort out meals insecurity.”