Floki Inu, a Shiba Inu Competitor, Joined Hands with AliExpress

Popular cryptocurrency Floki Inu ($FLOKI), which takes its design cues from memes, has revealed that its users may now make purchases on AliExpress using the cryptocurrency. AliExpress is one of the top e-commerce platforms in the world and the connection has been made possible via Shopping.io, a website that lets users buy things using cryptocurrency.

Shopping.io aims to close the gap between cryptocurrencies and online shopping. Users can take advantage of a smooth purchasing experience on websites like AliExpress thanks to the platform’s ability to handle transactions using a variety of cryptocurrencies, including the recently added Floki Inu.

Advantages to the Consumer

The partnership aims to provide Floki users with a simple and useful way to utilize their cryptocurrency while enjoying the benefits of online shopping.

The vast majority of users of Floki Inu can now take advantage of this new feature, increasing the usability of the FLOKI token. Users can now browse and purchase from a selection of more than 100 million items available on AliExpress, a website that ships to more than 200 countries.

The deed encourages the use of Floki and ties the virtual and actual worlds together. Additionally, it allows users to literally feel the strength of their Floki holdings.

Consumers who spend their Floki tokens to make AliExpress transactions will get a special 10% incentive in $SHOP as an added bonus. This extra benefit enhances the shopping experience and motivates customers to maximize their Floki purchases.

The partnership of FLOKI and Binance Pay

FLOKI established a strategic marketing alliance with Binance Pay, the payment site of the biggest cryptocurrency exchange, Binance, in order to accelerate its development trajectory.

Through this cooperation, customers who spend at least $1 on products from approved Binance Marketplace merchants will get rewards, thereby helping FLOKI gain even more acceptance. Notably, this event occurs only one month after Binance opened up trading of FLOKI tokens on its platform.

Now that Binance Pay is available, thousands of shops worldwide will accept Floki as a form of payment.

Another noteworthy development was FLOKI’s announcement that it will support the coveted ITTF World Championships in 2023. Over 970 million people watched the broadcasts of the sports that were carried on China Sports TV (CCTV5), which is a significantly large viewership.

Market Breakdown of FLOKI

Over the last 24 hours, the FLOKI market has been in a negative trend, with the price falling from an intraday high of $0.00003324 to a minimum of $0.00003075, when support was established. As of the time of publication, this downward trend was still present, causing a 5.42% decline from the previous closing price of $0.00003122.

The market capitalization of FLOKI decreased by 5.21% during the recession to $303,996,974. However, at $24,576,764, its 24-hour trading volume jumped by 51.8%. The increase in FLOKI’s trading volume suggests that its recent inclusion on more exchanges may have resulted in  its higher trading activity.

The next likely support level for FLOKI is $0.00002750 if bearish momentum breaks through $0.00003075. However, if bullish momentum wins out and FLOKI surpasses the barrier level of $0.00003324, $0.00003750 will likely act as the following level of resistance.

In conclusion, the collaboration between Floki Inu and AliExpress offers avenues for the use of cryptocurrencies in e-commerce and allows Floki token holders to make purchases using their tokens. It also fills the gap between the actual and digital worlds.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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