Floki Inu Gains Momentum As Alibaba Recognizes its Utility
Floki Inu (FLOKI) is taking a giant leap forward in the world of meme assets. In an exciting development, the team behind this dog-themed cryptocurrency has unveiled a groundbreaking announcement: users can now utilize Floki to make purchases on AliExpress, a global e-commerce giant.
This unprecedented integration with one of the world’s largest online retailers is set to revolutionize the way people perceive and interact with cryptocurrencies, catapulting Floki Inu to new heights of recognition and utility.
Floki Inu: Revolutionizing E-Commerce With AliExpress Integration
In an announcement, FLOKI holders can now harness the power of their digital assets to make seamless purchases on AliExpress.
AliExpress is a Chinese-based online retail service operated by the Alibaba Group. It was established in 2010 and is comprised of small businesses in China and other locations, such as Singapore, that sell products to international online shoppers.
— FLOKI (@RealFlokiInu) May 31, 2023
This milestone has been made possible through the integration of Shopping.io, a crypto-focused e-commerce protocol that opens doors for shoppers to utilize various digital currencies for transactions with major retailers.
Among its extensive list of partner platforms are retail giants such as Walmart, Amazon, eBay, and Etsy, offering an unparalleled shopping experience powered by cryptocurrencies.
Shopping.io serves as a bridge between the realm of cryptocurrencies and mainstream e-commerce, revolutionizing the way digital assets are perceived and utilized in everyday transactions.
By seamlessly integrating with popular online marketplaces, this crypto-focused e-commerce protocol provides a frictionless experience for users, making it possible to spend their cryptocurrencies effortlessly on goods and services.
BTCUSD has slightly regained the $27K territory on the weekend chart by TradingView.com
FLOKI Price Impact
The recent announcement of AliExpress accepting Floki Inu as a form of payment has had minimal impact on the meme asset’s price. At the time of writing, Floki Inu was trading at $0.00003184, data from crypto market tracker CoinGecko shows, experiencing a marginal decrease of 0.3% from the time of the announcement and a slight increase of 1.1% over the last 24 hours.
Despite the partnership with the global online retail giant, market dynamics have resulted in modest price fluctuations for FLOKI.
Moreover, analysis has shown compelling insights into the financial positions of the meme coin earlier this week. The findings indicate that 78% of FLOKI owners are sitting on losses if they were to sell their assets at the current market prices.
In contrast, only 14% of FLOKI holders are currently in a profitable position, while 9% are breaking even.
The marginal price changes observed in the wake of the AliExpress integration should be considered alongside the broader context of the meme asset market.
While short-term price fluctuations may not always reflect the long-term prospects of an asset, it is essential for investors to conduct thorough research and exercise diligence when making investment decisions.
-Featured image from The Cold Wire