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Why Dogecoin Rival Floki Inu (FLOKI) Is Skyrocketing 33% Higher Today

Stock Markets Jul 19, 2022 23:10
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© Reuters Why Dogecoin Rival Floki Inu (FLOKI) Is Skyrocketing 33% Higher Today
 
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Shares of several popular altcoins, including Floki Inu (CRYPTO: FLOKI), are trading higher again Tuesday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).

Bitcoin is trading around a 1-month high Tuesday afternoon at around $23,380, representing a notable rebound of 13.6% over the past month.

Cryptocurrencies have also been seen by some investors as a speculative hedge against inflation and the Fed's plans to curb inflation could weigh on the broader cryptocurrency sector.

According to data from Benzinga Pro, Floki Inu is trading higher Tuesday by 35.67% to $0.000009244.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Why Dogecoin Rival Floki Inu (FLOKI) Is Skyrocketing 33% Higher Today
 

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