Floki Price Soars 13% as Kraken Launches Futures Trading Pair

Kraken, a US-based exchange, has introduced Perpetual Futures Trading for Floki ( FLOKI ), causing a 13% increase in its price. This move has given FLOKI a mature reputation in the digital currency world and increased trading possibilities. Kraken's decision to include FLOKI in its trading environment signifies the rising recognition of its possibilities.

This innovation allows traders to predict FLOKI's price movements without owning the cryptocurrency, allowing them to either go long or short based on market forecasts. With over 10 million users, including institutional investors, Kraken's platform has increased liquidity and visibility of FLOKI. The price of FLOKI rose by almost 14%, indicating increased interest and optimism among investors.

FLOKI's inclusion in Perpetual Futures Trading coincides with its growing popularity in other financial platforms, including Revolut Business, Bitpanda Meme Coin Leaders Index, and major exchanges like Binance Thailand. As of press time, FLOKI's price was trading at $0.000212, an increase of 13.52% over the past 24 hours. The volume of trade in this period was $1,033,484,459, a 31% increase.

Floki's daily price chart depicts a "Bullish Symmetrical Triangle" which is poised for further gains. The memecoin's Relative Strength Index (RSI) which is at 64 signals a slight overbought condition for the token.