The term “metaverse,” which was a major highlight during the last bull season, along with the cryptocurrencies associated with it, experienced significant declines afterward. Notably, Sandbox and MANA gained considerable attention not only as cryptocurrencies but also as projects.
Today, there are strong expectations for a resurgence of the metaverse concept as games evolve to new levels. In this context, it’s increasingly observed that these projects are forming significant partnerships.
Floki and OG Partnership Announced
FLOKI, which has made significant strides in the metaverse—considered a crucial aspect of the future of the cryptocurrency world—has recently secured a major partnership. The other party in this partnership is the renowned eSports team, OG. A prize pool of 600.000 USD is up for grabs from Binance, making participation and winning more accessible than ever.
This partnership will focus on the metaverse game Valhalla. OG Esports, established in 2015, has achieved notable success, with its founders FLY and Notail being prominent DOTA players. The team, known for its multimillion-dollar prize pools, has won multiple world championships and numerous tournaments.
Additionally, OG’s strong brand recognition, bolstered by its partnership with one of the largest organizations globally, Red Bull, is expected to have a significant positive impact on FLOKI.
How many dollars was Floki?
After the news, eyes turned to the FLOKI price. As Bitcoin fell below $56,000 and rose back to $56,500, the price of FLOKI also fell. FLOKI fell to $0.00012053 after a 1.31% decline in the last 24 hours.
This decline in FLOKI caused the market volume to decline to $1,156, while the trading volume retreated by 18% to $144.4 million despite the news.
FLOKI’s The RSI value continues to host a choppy movement. Finally, the RSI, which was last seen above the 50 neutral level 7 days ago, continued its decline and was finally reflected on the charts as 42.18. Although this does not indicate oversold, it can be interpreted as continuing selling pressure.
Looking at FLOKI’s EMA values, it is seen that it is below all of them, and more importantly, it is understood from the chart that it approached the 2o-day EMA and could not exceed it. It seems that this level serves as a resistance and is a zone that needs to be overcome in order to rise.
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