Our crypto analysis continues, today with a look at the prices and latest news of the FLOKI and XEN projects.
We will analyze the precise movement of their tokens in recent weeks, specifying the price and market statistics. We will also see what the latest news is so that we can take a look at how it has affected the prices of the tokens.
Prices and crypto market statistics of FLOKI AND XEN
Let’s start with Floki Inu’s project, which as of today has the value of $0.000037, a value that has grown in the last 4 weeks by 3.68%.
This value has remained quite stable with minimal accretion. In terms of market statistics, the FLOKI token presents a market capitalization of $359.1 million, with a trading volume in the last 24 hours of $92.3 million.
The outstanding supply of the FLOKI token is very large, namely, 9.7 trillion FLOKI.
Among the many cryptocurrency projects, especially those dedicated to memes (i.e., memecoins), Floki is one that has the all-time high of 0.000067 very close to today’s price.
Will it be able to recover its high and even surpass it?
Let’s continue with another very interesting project, that of XEN Crypto, with a current price hovering around $0.00000608 with an astounding increase in value in the last month of 496%.
This is a truly extraordinary achievement that suggests that the bear market is now a distant memory for XEN.
XEN’s market capitalization is $54 million with a daily trading volume of $16.7 million. Although XEN Crypto has indeed had exponential growth, it still has a lot of catching up to do to reach its all-time high of US$0.75.
Binance.US lists Floki because of its results
Binance.US, one of the leading cryptocurrency exchanges in the United States, announced the addition of Floki Inu (FLOKI) to its platform.
Floki Inu is a meme-inspired cryptocurrency that has gained significant attention in recent weeks due to its unique branding and strong community support.
The announcement of the price was made via a tweet from Binance.US, stating that deposits for FLOKI are already open. The news was welcomed by the cryptocurrency community, with many expressing enthusiasm for the opportunity to trade FLOKI on one of the most trusted exchanges in the United States.
Floki Inu was launched in June 2021 as a community-driven cryptocurrency inspired by the meme culture surrounding Elon Musk‘s Shiba Inu.
The cryptocurrency is named after the character Floki from the popular television series Vikings, and the development team aims to create a decentralized ecosystem with a focus on community involvement.
Despite being a relatively new cryptocurrency, FLOKI has already gained a strong following, with a community of passionate supporters on social media platforms such as Twitter and Reddit. The coin has also experienced significant price growth in recent months, with a huge increase in value since its launch.
The listing of FLOKI on Binance.US is a significant milestone for the cryptocurrency, as it will provide greater liquidity and exposure to a wider audience.
Binance.US is a reputable and reliable platform with an easy-to-use interface and a wide range of trading pairs.
The addition of FLOKI to its platform will allow users to trade cryptocurrency with ease, while increasing legitimacy in the eyes of potential investors.
FLOKI’s price on Binance.US is also indicative of the growing popularity of meme-inspired cryptocurrencies in the crypto space.
Although some may dismiss these coins as mere hype, the strong community support and growing market value suggest that they are here to stay. As the cryptocurrency market continues to evolve, it will be interesting to see how these coins develop and whether they can maintain their momentum in the long run.
XEN is responsible for more than 11% of transaction fees paid on Ethereum
In the cryptocurrency world, gas fees are a necessary evil. Gas fees are paid to network validators to process and confirm transactions.
These fees can be expensive, and the higher the demand for the network, the higher the fees. Recently, XEN Torrent caused a stir in the Ethereum network by being responsible for more than 11% of transaction fees paid in the last 24 hours.
XEN Torrent is a decentralized torrent platform built on the Ethereum blockchain.
It uses smart contracts to allow users to share files without a central authority or intermediary. This means users can share files directly with each other, without having to rely on third-party services such as Dropbox or Google Drive.
The platform has gained popularity due to its decentralized nature and its ability to offer users a secure and private way to share files.
However, its popularity has also led to an increase in the number of transactions on the Ethereum network, resulting in higher gas rates.
In the last 24 hours, XEN Torrent was responsible for more than 11% of transaction fees paid on the Ethereum network.
This is a significant amount, considering that the network processes millions of transactions per day.
This makes XEN Torrent the second largest gas consumer after Uniswap’s router contract, which is a decentralized exchange that allows users to trade cryptocurrencies.
The increase in gas rates has caused some concern among Ethereum users because it makes it more expensive to use the network.
However, it also highlights the potential of decentralized applications (dApps) such as XEN Torrent.
These dApps are still in their early stages and, as they gain popularity, will undoubtedly put a strain on the Ethereum network. However, this also demonstrates the potential of the Ethereum network to scale and handle the demand for a growing number of dApps.