Floki’s TokenFi Beats Dogecoin and Shiba Inu in Recent Price Action

TokenFi, the sister digital asset of the Floki ecosystem, recorded a substantial 24-hour high, while competing meme-themed projects like Dogecoin (DOGE) and Shiba Inu (SHIB) barely saw comparable price action.

According to data from CoinMarketCap, TokenFi has grown by over 8.9% in the last 24 hours, from a low of $0.02626 to a high of $0.0286. On the contrary, DOGE has seen a 4% gain through the same period. Similarly, Shiba Inu has experienced a growth rate of 2.76% over the past day.

In other words, TokenFi has recently seen more than double the price actions of DOGE and Shiba Inu. Similarly, TokenFi’s 24-hour trading volume is up by more than 18% as more crypto market participants move to trade over $6 million worth of the crypto asset.

TokenFi past 24 hours chart | Source: CoinMarketCap

In parallel, while DOGE saw a positive 24-hour volume growth of 9% at press time, Shiba Inu had a substantial negative trading volume of 61.83%. Notably, TokenFi’s recent success follows a pivotal update from the project team.

In a recent post on X, the TokenFi team emphasized their real-world asset (RWA) tokenization module scheduled to launch on the mainnet in 2024. The key highlights involve converting physical or tangible assets into digital tokens on the blockchain.

The official Binance News page just featured #TokenFi / $TOKEN on Binance Square, highlighting our #RWA #Tokenization Module that will go live on mainnet in 2024! 🔥

– Tokenizing Real World Assets
– Strategic collaboration with #Chainlink for tech support
– Implementation of… pic.twitter.com/O7Awvw11ER

— TokenFi (@tokenfi) November 28, 2023

The anticipated module included an alliance with Chainlink (LINK), an eight-billion-dollar valued crypto, for technical support. Moreover, the TokenFi team mentioned plans to employ ERC-3643 for enhanced flexibility and to facilitate seamless cross-chain movement through Chainlink’s interoperability protocol, CCIP.

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