FLOKI price extends recovery as the University of Floki goes live

Digital assets signaled a late Santa rally as Bitcoin saw a sudden jump from $94K to above $97.4K over the past three hours.

Floki Inu capitalized on the broad-based uptrends to recover from last week’s double-digit plunge.

The meme coin soared 10% from the $0.0001659 opening price to 24-hour highs of $0.000183.

Meanwhile, the University of Floki, which went live today, contributed to the altcoin’s prevailing bullish trajectory.

The University of Floki launches

The launched education platform will provide experienced and newbie crypto enthusiasts with expert-led courses.

That will promote global adoption of web3 and blockchain technologies. According to the announcement:

Whether you’re completely new to crypto or looking to deepen your understanding, the University of Floki offers expert-led courses across key areas, including DeFi, Security, Finance, Blockchain, Smart Contracts, and NFTs.

The platform kick-starts with two lessons – Introduction to Blockchain Technology and Understanding DeFi Fundamentals.

Meanwhile, the project will regularly add lessons and courses to ensure a comprehensive curriculum.

The move underscores Floki Inu’s dedication to promoting mainstream cryptocurrency awareness through education. The developers added:

The platform is designed to serve as your comprehensive guide into the world of cryptocurrency, taught by leading professionals.

Meanwhile, Floki continues to cement its presence as a top cryptocurrency in the market.

The Global Markets Advisory Committee recognized FLOKI as a utility asset during the November 2021 conference.

CFTC HIGHLIGHTS FLOKI AS A UTILITY TOKEN CASE STUDY In a recent meeting of its Global Markets Advisory Committee, the Commodity Futures Trading Commission (CFTC) has highlighted $FLOKI as a good case study of a utility token! FLOKI was highlighted alongside industry behemoths…

7:40 PM · Dec 20, 2024

The meeting highlighted to asset’s expanding ecosystem, driven by the metaverse game Valhalla, set for a Q1 2025 launch.

FLOKI will serve as Valhalla’s utility token, with players earning and spending it while gaming.

Meanwhile, that translates to immediate practical use cases.

FLOKI price outlook

The dog-themed cryptocurrency displayed bullishness at press time.

Floki trades at $0.0001819 after significant recoveries in the past 24 hours.

Source: Coinmarketcap

The current momentum suggests continued near-term gains before potential retracements. Indicators support this narrative.

The 4H Moving Average Convergence Divergence displays a visible bullish crossover with the signal line, highlighting buyer resurgence.

Moreover, the Average Directional Index suggests a strengthening trend.

The indicator has jumped from yesterday’s low at 11 to 23.82 at press time.

That signals a bullish comeback and possibilities of continued price gains in the upcoming sessions.

ADX readings below 20 reflect weak trends, while 20 and 40 suggest strong trends.

The current market sentiments support FLOKI’s trajectory.

Altcoins saw remarkable rallies over the past day as Bitcoin battled indecisiveness.

Analysts predict an impending altcoin season due to Bitcoin’s weakening momentum.

Michael van de Poppe expects parabolic rallies from alts.

Such trends will match FLOKI’s anticipated near-term gains.

Nevertheless, cryptocurrencies exhibit wild volatility as enthusiasts watch for the Santa rally, suggesting a cautious approach.

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