The cryptocurrency industry recently had a new floki token added to it and this token comes with a profitable strategy for the holders. The name of the newly launched token is Prince Floki V2 (PrinceFloki) that has been launched through the Binance Smart Chain.
PrinceFloki has been launched as a rebase token that ensures that the price of the tokens held by the users is balanced. The mechanism going behind the creation and management of rebase tokens ensures that the supply of tokens throughout the wallets and pools for PrinceFloki are balanced. This ensures that the price for the token doesn’t fall below the set price and this way, the investors never suffer a loss.
It was on November 5, 2021, when PrinceFloki was launched through the Binance Smart Chain at a price of $0.000000000829 per PrinceFloki. From its launch until November 28, PrinceFloki’s price dropped by almost 35%, coming all the way down to $0.000000000543 per PrinceFloki.
However, the end of November proved to be a turning point for PrinceFloki. This is clear from the growth that PrinceFloki has observed since then. The data from TradingView shows that from November 29, 2021, until December 2, 2021, its price has grown over 24,806%.
Although PrinceFloki’s price has grown tremendously since November 29, 2021, the major dips PrinceFloki experienced on November 1 midday, have brought its weighted growth in the past 24-hours to 1,556.98%.
Even the trading volume for PrinceFloki has grown by 45.42% in the past 24-hours, bringing it up to $344,328. When it comes to a fully diluted market capitalization of PrinceFloki, is grown by 1,565.01%, since its launch. As of now, the fully dilute valuation experienced by PrinceFloki is $42,962,473.
As for the future growth for PrinceFloki, the data from CoinMarketCap shows that PrinceFloki is set for significant growth in the upcoming days. Even the TradingView and Glassnode performance graph for PrinceFloki is supporting the asset’s growth.
The reason behind the asset’s growth is the reward system and the white paper its development team has introduced. The development team behind PrinceFloki has revealed that the users holding PrinceFloki will be rewarded not in the form of tokens but Dogecoin (DOGE).
This is something that is extremely favorable for the investors and the surge in trading volume is clearly the outcome of such announcements. Furthermore, the white paper shared by PrinceFloki’s development team fully lays out their plans categorized into three phases.
So far, PrinceFloki has achieved half the agendas that it presented in the second phase. The agendas for phase two included listing on major on-chain data collecting firms such as CoinMarketCap, CoinGecko, and Blockfolio. The last agenda PrinceFloki is to achieve is partnering with charity and community projects.
This is going to strengthen the presence of PrinceFloki even more, helping it gain more in its price in the upcoming days.