Floki Inu (Floki) recently came into the spotlight after unveiling major news for its users. The new Floki crypto debit card just launched.
Floki Makes
With the bull market in full swing, several major developments are shaping where crypto is going forward. For one, institutional investment in Bitcoin has reached new highs, a bullish signal for the entire market. At the same time, Floki revealed a major development, while a new viral token Cutoshi is gaining attention thanks to its presale.
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Bitcoin Institutional Investment Surges
The changing regulatory environment in the US is boosting Bitcoin (BTC) to new highs. The biggest coin on the market reached its all-time high of $103,900 in December, as major institutions are buying it up.
Recently, Bitcoin spot exchange-traded funds (ETFs) have seen record inflows. Since the November 5 elections in the US, the figure reached a staggering $10 billion. The figures suggest that banks, investment funds and other institutions are significantly increasing their Bitcoin exposure.
The reasons for the change are many. Most notably, the incoming administration under Donald Trump has already signaled its pro-crypto policies. This shift in regulation means that banks, traditionally very concerned about regulatory risk, are more likely to invest.
At the same time, Bitcoin is increasingly seen as a counter-cyclical asset and a hedge against inflation. This means that Bitcoin plays a similar role in a diversified portfolio to gold. This is a significant factor, as even before the elections, ETF inflows in Bitcoin were on the rise. In October, net inflows reached $479 million in a single day.
The increase in institutional investment is key for Bitcoin’s long-term growth, due to the huge capital reserves banks and financial institutions have.
Floki Debit Card Lets You Spend Crypto Like Cash
Floki Inu (Floki) recently came into the spotlight after unveiling major news for its users. The new Floki crypto debit card just launched, which allows traders to spend their crypto like cash.
The Floki debit card features several interesting features. For one, it has zero transaction fees and zero exchange rate fees. This enables users to spend crypto without fear of hidden costs and charges on purchases.
Source: Floki
The card will also enable users to store and spend eight cryptocurrencies. These are $FLOKI, $BTC, $ETH, $USDT, $USDC, $BNB, or $SOL. The card is currently live in 31 European countries, with plans to roll out in other countries soon.
Despite this major, Floki suffered a correction after the announcement. On December 10, the token dropped 7.77%, to its current value of $0.0002233. This is not surprising, as most memecoins performed similarly that day.
Viral Cutoshi MemeFi Token Draws Investors
The crypto market is revealing that traders are still hungry for new products. One of the latest ones to go viral is Cutoshi (CUTO), a memeFi token that is rapidly attracting attention.
Cutoshi first started going viral on X in late November. The catalyst for this was reaching $1 million in investments, just weeks after the launch of its presale. Notably, investors were excited about its blend of memes and DeFi.
Cutoshi is both a meme coin and a DeFi platform. It hopes to use memes to make DeFi accessible to everyone, even traders who don’t really understand the technology. So far, this strategy has been successful, as Cutoshi has raised $1.359 million.
At its core will be the Cutoshi DEX, aiming to make DeFi accessible. Cutoshi will also invest in an educational platform, to further help onboard users to DeFi.
With centralized exchanges collapsing left and right, projects that promote DeFi and self-custody are more important than ever.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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