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BlackRock’s foray into crypto assets has had a positive impact on altcoins such as FLOKI and TOKEN, as it filed a document with the SEC on the fund it created in collaboration with Securitize.
This initiative is seen as a step towards tokenization of products and real-world assets operating on the Ethereum blockchain. This has had a particularly positive impact on projects like FLOKI and TOKEN.
BlackRock’s move has also had a positive impact on RWA-focused cryptocurrency projects, much like the impact of NVIDIA’s investments in AI-focused altcoins.
According to CoinGecko data, FLOKI has risen by 27 percent and TOKEN by 60 percent in the last 24 hours due to this news. Similarly, a similar rise was observed for Ondo Finance (ONDO), one of the tokenization-focused projects.
Floki Price Analysis:
Floki, which has risen with the impact of the news, has risen more than 27 percent in the last 24 hours, according to CoinMarketCap data. With this rise, the cryptocurrency is trading at 0.00022.
FLOKI’s support level in the current region is 0.000219 levels, while the resistance zone is the 0.00026 region.