According to a Friday release, the Shiba Inu competitor Floki Inu (FLOKI) has been listed on Mercado Bitcoin, Brazil’s most prominent and recognized cryptocurrency exchange.
The cryptocurrency’s official account congratulated the listing, pointing out Mercado Bitcoin’s enormous user base of over 3.8 million. This advancement highlights the meme currency’s continued adoption as well as the meme coin market’s overall success.
Floki Inu is a cryptocurrency inspired by the popular Dogecoin and its forerunner, Shiba Inu. It was built by Shiba Inu neighborhood residents and is named after Tesla and SpaceX CEO Elon Musk’s dog. Musk’s tweets on cryptocurrencies have been known to have an impact on the cryptocurrency markets, and his mention of adopting a Shiba Inu puppy named “Floki” in 2021 generated interest in the newly established Floki Inu coin.
It’s regarded as a “meme coin,” a type of digital currency that originated as a joke or meme but has subsequently garnered a following and value in the crypto market.
In addition, the exchange featured Pepe Coin (PEPE), another meme coin inspired by the internet’s popular Pepe the Frog. The currency has experienced massive value rises due to massive excitement, however, it has now lost 65% of its worth. Pepe Coin was recognized by Mercado Bitcoin as a major driver of the current “meme coin season,” citing its significant development over the past two months.
The inclusion of meme currencies in the Mercado Bitcoin platform illustrates the tokens’ growing popularity and general utilization. With over 3.8 million consumers, Mercado Bitcoin’s itemization provides these currencies with enhanced exposure, which is likely to result in increasing buying and selling volumes and value appreciation.
