• Alibaba’s online retailer AliExpress is now supporting Floki (FLOKI) memecoin, a rival of Dogecoin (DOGE) and Shiba Inu (SHIB).
• Consumers can purchase goods over AliExpress through Shopping.io, a crypto-focused e-commerce protocol that allows shoppers to buy items from major retailers using digital assets.
• Data from the crypto analytics platform IntoTheBlock reveals that 78% of FLOKI owners and 81% of SHIB owners are underwater on their investments.
Alibaba’s Global Online Retailer Adds Payments Support for Memecoin
AliExpress, the global online retailer of tech giant Alibaba, is now adding support for a memecoin that rivals Dogecoin (DOGE) and Shiba Inu (SHIB). Floki (FLOKI), the dog-themed cryptocurrency, can now be used to purchase products on AliExpress, one of the biggest online retailers in the world.
Payment Protocol Used on AliExpress
Consumers can purchase goods over AliExpress through Shopping.io, a crypto-focused e-commerce protocol that gives shoppers the chance to buy items from major retailers, such as Amazon, Walmart, Etsy and eBay, using digital assets.
Data Reveals Majority of Investors Underwater
News of AliExpress supporting FLOKI had little impact on the price of the meme asset as it is trading for $0.000032 at time of writing—a fractional decrease during the last 24 hours. Data from the crypto analytics platform IntoTheBlock revealed that earlier this month only 19% of FLOKI traders were in profit while 12% were breaking even and 70% were sitting on unrealized losses. After revisiting these figures this week they found an even higher percentage—78%—of those who hold FLOKI are in deficit while 14% are profitable and 9% are breaking even. The data also unveils that 81% of those holding SHIB are also losing money if they sold their assets today.
Don’t Miss The Beat
To stay up to date with news like this follow us on Twitter, Facebook and Telegram or check out our website for more info about Crypto email alerts delivered directly to your inbox!
Disclaimer
The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets nor is The Daily Hodl an investment advisor; users should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency digital assets. Please note that The Daily Hodl participates in affiliate marketing.