The FLOKI token is once again in the news with its strategic entry into the Vietnamese market.
This is an important development in the crypto world because Vietnam is a country with a high crypto adoption rate of 21.2% and FLOKI’s entry into the country will make it a strong contender against Bitcoin and other major altcoins such as Dogecoin and Shiba Inu.
The Native Factors of the Vietnamese Market that is set to Favour FLOKI’s Rise
FLOKI’s entry into the Vietnamese market is the result of its long-term strategic business plans, but there are several native factors of the Vietnamese market that favor FLOKI’s development.
Vietnam is the 15th largest nation in terms of population and a majority of the population are young, tech-savvy people. The people of the country are also avid users of cryptocurrency with the industry generating a profit of 1.18 billion USD in 2023.
Out of the total population of Vietnam, 21 million people use one or the other cryptocurrency. Most areas in the country do not have access to banks or other traditional financial institutions.
This has also paved the way for the expansion of the crypto market in Vietnam. All these factors have set a welcoming environment for FLOKI in Vietnam.
The Strategic Marketing Plans of FLOKI in Vietnam
FLOKI ensures its adoption and prospective supremacy in the Vietnamese market through various strategic marketing plans. An exclusive 5-week campaign is planned in Ho Chi Minh City that will be launched on July 17, 2024.
Ho Chi Minh City is the apt place for FLOKI to launch its campaign because it contributes to a quarter of the country’s GDP and has a per capita GDP that is 2.5 times above the national average.
FLOKI is planning to erect LED lighted billboards in nearly 200 prominent locations in the city for maximum visibility. FLOKI’s launch in Vietnam will boost its expansion to other Southeast Asian nations too.
What is FLOKI?
FLOKI is not just a meme token but it combines many utility cases for its followers. It has three main pillars that power its development: community, utility, and charity.
The Floki Vikings, a 470,000-member-strong community, are all set to make FLOKI the most accepted cryptocurrency in the world. They aim to achieve this goal by spreading the FLOKI memes on all prominent social media channels.
As far as utility is concerned, FLOKI has grown from a mere meme token to a utility token with many innovative use cases such as a 3D NFT Metaverse, DeFi utilities, a crypto education platform, NFTs, a merchandise store, and more.
FLOKI has constructed schools in impoverished countries like Guatemala, Ghana, Laos, and Nigeria as part of its charity works. It also has plans to construct further schools on other continents.
FLOKI works effortlessly on any platform because it complies with both BEP-20 and ERC-20 compliant. It is secured with Ethereum’s proof-of-work consensus mechanism and BSC’s proof-of-stake consensus mechanism, which prevents the token from security threats from all directions.
Will FLOKI be a Profitable Token in the Future?
Floki Inu is currently selling at a price of $0.0002375. Its market capitalization is $2.27B and its 24-hour trading volume is $437.74M. The circulating supply of FLOKI is 9.56T FLOKI and its total supply is 9.69T FLOKI.
FLOKI (FLOKI) has had $495,261,565 in daily trading volume over the past 24 hours, up 37.10% from the previous day. This indicates that the token’s market activity has recently increased.
The 50-day SMA and the 200-day SMA of FLOKI are $ 0.000214 and $ 0.000122, respectively. FLOKI is currently trading above the 50-day SMA and the 200-day SMA, which is a positive sign regarding its future price.
All these data show that FLOKI will be a good buy in the coming years.
Also, Read: Floki Inu (FLOKI) Price Prediction 2024-2030
The Bottom Line
FLOKI’s entry into the Vietnamese market will not only benefit the meme coin but will be a boost to the crypto industry in general.
It will uplift the crypto market and will make cryptocurrency a good alternative to the dominant fiat currencies.
It will also help in the mission of decentralizing the financial sector and making it accessible to people all around the world.
