Recently FLOKI Inu has become one of the most popular cryptocurrencies like Shiba Inu, what is FLOKI Inu actually?
If we look at the price the FLOKI Inu is a dime, with a price at the time of writing $0.0002526, not even a penny. But the price spike is so fantastic, today it is up 42%, this is an interesting phenomenon. What exactly is FLOKI Inu, why did he rise so fast?
Let’s find out, what and how FLOKI Inu also brought the name Elon Musk in its growth.
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Contents
What is FLOKI Inu?
Coinmarketcap says that FLOKI is one of the meme coins like Shiba Inu, as well as Dogecoin. The emergence of FLOKI was inspired by a tweet by Elon Musk who once posted a meme, that my Shiba Inu will be named FLOKI.
So, the FLOKI token emerged from an idea that was born by fans and members of the Shiba Inu community. This community claims to have partnered with millions of Garden Movement, a project run by Kimbal Musk, who is the brother of Elon Musk.
It is a movement that works to give people the power back to choose, grow, prepare and eat healthy food. They aim to assist online home gardeners on critical issues of global concern.
Floki Inu strives to provide a clear and useful utility for its token. While developing a vibrant community to become the most interesting meme token in the crypto space.
FLOKI Inu partner
FLOKI has partnered with Curate, which is a multipurpose crypto marketplace with NFT fees without gas and a physical goods market with crypto.
In addition, FLOKI Inu also partnership with CryptoCart. It is a crypto marketplace and eCommerce facilitator that allows people to buy anything in more than 1,700 stores worldwide including Amazon, eBay, PlayStation, Apple, Starbucks, and other major companies.
Is FLOKI inu same as SHIBA inu?
The SHIBA Inu and the FLOKI Inu are two different coins, both of which only bear the resemblance of a meme coin and are inspired by the dog SHIBA Inu, having a similar logo.
One thing that distinguishes SHIBA Inu and FLOKI Inu is, SHIBA is inspired by Dogecoin. Which he wants to be the top cryptocurrency.
Meanwhile, FLOKI Inu was inspired by Elon Musk’s dog named FLOKI. And the goal of FLOKI itself is different from SHIBA Inu, where they want to gain a share in the NFT market by planning to create a marketplace called Flokiplaces.
Not only that, FLOKI will also build a Dapps project and launch Play to earn games. They will compete with Axie Infinity for the decentralized gaming market. The Play to Earn game launched by FLOKI is Valhalla. This is an NFT metaverse game run with Floki Inu tokens.
Another difference is that SHIBA Inu only runs on the Ethereum blockchain, while FLOKI Inu runs on multichain on the Ethereum and Binance smart chain blockchains.
Image source Crypto academy
How does FLOKI in work?
This FLOKI Inu is a token meme but the community they call “Vikings” is very serious about building this SpaceX-inspired coin. The name Viking is taken from the TV series that brought the character Floki. Viking has helped FLOKI be listed as one of the top leaderboards of LunarCRUSH – a social media analytics platform for cryptocurrencies.
Initially, FLOKI was launched on the Ethereum blockchain, but later they brought FLOKI to the Binance Smart Coin blockchain. They created a liquidity pool on Pancakeswap to create a balance on both the Ethereum and BSC blockchains to not exceed 10T tokens as promised.
To maintain the price of the token, they locked FLOKI’s liquidity on a BSC & ETH contract for 265 years. To swap FLOKI tokens from the Ethereum blockchain on the Binance Smart Chain at a ratio of 1:1.
FLOKI uses ERC-20 and BEP-20 compliant tokens. From every buy and sell FLOKI is subject to 3% tax which is included in the treasury wallet. Which will be used for marketing and further development of the FLOKI community. For Genesis tokens use an ERC-721 compliant NFT token called Diamond hand.
FLOKi users can bridge exchanges from Ethereum to Binance Smart Chain or vice versa using a cross-chain exchange is the Moontography platform.
Why did FLOKI Inu become so popular?
Although FLOKI Inu is still a new crypto coin, it has experienced a dramatic price spike. From July – September the price of FLOKI has been flat. However, recent increases occurred in October where FLOKI prices increased by more than 1200% and scored an all-time high on October 30 at the price level of $0.0003105 from $0.0005618.
The popularity of FLOKI cannot be separated from the Viking community which has made FLOKI one of the most popular tokens. But behind that is the name Elon Musk who has pushed the price of FLOKI Inu up sharply.
Like Elon Musk’s tweet on September 13 with the caption Floki has arrived, it has brought the FLOKI token price up 1000% in just two days.
Who is FLOKI Viking?
Floki Vikings is a FLOKI community. The name Viking is in honor of Floki, the Viking character named after Elon Musk’s dog.
Floki tries to bring the Viking spirit in his efforts to develop FLOKI. And this Viking Floki has brought FLOKI Inu to be listed several times on LunarCrush’s social engagement Top 10 leaderboards.
FLOKI Inu team founder
The Floki Inu team consists of some of the big crypto influencers, such as Bamidele, Uniswap Detective, and PetaByte Capital, BPeta, Byte Capital, Saber, MrBrown Whale. Floki Inu developers include Moontography $MTGY developer Jackie Xu.
Why is FLOKI Inu unique?
As mentioned above, what makes FLOKI Inu unique is that it uses a multi-chain protocol. It uses the Ethereum blockchain and the Binance Smart Coin. This is what distinguishes the SHIBA Inu from the Floki Inu.
Because it is a multichain protocol, so FLOKI users can swap tokens like Ethereum and BNC bridges without being charged a tax fee.
FLOKI Inu NFT portal
Floki Inu’s NFT portal is not the only one that developed the Vahalla metaverse game, but there are several NFT portals namely Floki Diamond-Hands, Floki Inu Ruby, and Flokitar as well as FlokiPlaces are in development.
With real use, FLOKI tokens are able to purchase items available at 1500+ stores through its partnership with CryptoCart (CC). Other uses for purchasing NFT, gaming, and purchasing goods and services.
How to buy FLOKI Inu coin
Currently, FLOKI is available on major exchanges Gate.io and Coinbase. Other options are Gemini and Crypto.com. How to buy FLOKI will refer to the rules and steps of each platform.
If you are already registered with Gate.io, you can easily buy FLOKI and store it in a compatible wallet such as Metamask. If you are not registered yet then the first step is to register at Gate.io, it requires an email address and password. Then funding the account to buy FLOKI.
On the Gate.io platform, you can find FLOKI on the FLOKI/USDT pair, which you can buy with market orders or limit orders to get the best price.
You can also use Metamask wallet to buy FLOKI. For this visit the Uniswap link address and connect your Metamask wallet.
Click the Metamask tab and unlock it with your password and continue the process as shown in the instructions that appear. If the process of connecting the wallet is successful you can buy or swap FLOKI with other cryptocurrencies. Besides Uniswap you can also buy FLOKI on Pancakeswap, with similar steps as using Uniswap.
When you buy FLOKI you need to pay the gas fee by using BNB tokens, if you don’t have BNB then you have to buy BNB tokens. You can buy it directly through Metamask, or buy it on an exchange like Binance or Coinbase.
How to sell FLOKI Inu coin
How to sell FLOKI is more or less the same as when you bought it. If you have FLOKI in your exchange wallet, you can sell FLOKI on any available pair. Say on Gate.io you buy on the FLOKI/USDT pair, you can sell FLOKI with USDT.
Whereas to sell crypto to a fiat currency, you need an exchange that will accept your crypto in exchange for fiat money.
If you want to sell FLOKI via Uniswap or Pancakeswap. You select the column “From” for FLOKI and the column “To” for the coins you will exchange with FLOKI. For example USDT, then in the To column, you look for USDT. Enter the number of FLOKI to be exchanged and confirm for the next step.
FLOKI Inu coin where to buy?
As described above, you can buy through Uniswap and Pancakeswap. But if you have a goal of buying FLOKI for trading, it means trying to buy FLOKI at a low price and sell at a high price. Following are some exchange platforms where you can buy and sell FLOKI for trading purposes.
Buy FLOKI Gate.io
Gate.io is the 4th ranked exchange on Coingecko with a transaction volume of over 1.2 billion dollars with a trust score of 10. You can buy FLOKI/USDT through the Gate.io platform.
Several steps to buy FLOKI on Gate.io are
- First registering an account and getting verified.
- The second step is to deposit crypto USDT, Bitcoin, etc. Then you can buy FLOKI either by market order or limit order via their platform.
- Besides trading using margin accounts and Quantitative strategies, Gate.io also offers FLOKI derivatives such as Perpetual contracts and ETFs.
Buy FLOKI Crypto.com
Crypto.com is a cryptocurrency exchange that operates in more than 94 countries in the world, supports more than 30 local currencies, with more than 10 million users, and more than 2600 employees.
You can monitor the price of FLOKI Inu through crypto.com which provides more than hundreds of tradable cryptocurrencies.
Buy FLOKI Coinbase
Coinbase is a popular and global exchange. You can buy FLOKI through https://www.coinbase.com/price/floki-inu. One of the advantages of Coinbase is the local currency support to choose from. Even though it is an exchange headquartered in America, its users have reached across countries.
Will FLOKI Inu reach 1 dollar?
The current price of FLOKI Inu at the time of writing is $0.0002712, which is a dime, still a long way from reaching 1 cent.
According to an answer asked via Quora, someone asked can the Floki Inu reach 1 cent? There was someone who answered that broadly predicts the price of Floki Inu to reach $0.0000061 by the end of 2022.
- 2023-$0.0000069.
- 2024-$0.0000075.
- 2025-$0.0000089.
Although the current price of FLOKI Inu is still very low, some fans believe that the price will reach $0.01. But to reach the price of $ 1, this is a prediction that is unlikely to be achieved in just a year.
Even for the next five years, there is still a very low chance of reaching $1. Compared to the price of Dogecoin which has never reached $1. While Dogecoin was born first and also received support from Elon Musk.
FLOKI Inu price prediction
Although Floki Inu is considered a risky asset, several forecasting sites provide positive predictions for Floki Inu. The following is a Floki Inu price prediction from several popular forecasting sites.
Wallet investor Floki Inu price prediction
Floki Inu is a crypto asset that is a good investment for the next year, Wallet investors predict the price of Floki Inu in 2022 can reach $0.000324. And predictions for the next five years or 2026, the price of Floki will reach $ 0.00137. The projected gain by the investor’s wallet is +437.25%.
Price Prediction Floki Inu forecast 2021,2025,2030
The price prediction forecast for Floki Inu 2021 average price is $0.00027326. 2022 average price $0.00040091. 2023 average price $0.00060560. 2024 average price $0.00088005. 2025 average price $0.001. 2026 average price $0.002. 2027 average price $0.003. 2028 average price $0.004. 2029 average price $0.006. 2030 average price $0.009.
Digital Coin Price Floki Inu prediction
Forecast for 2022 Floki Inu price $0.0004293367. 2023 average price $0.0005432521. 2024 average price $0.0006748518. 2025 average price $0.0007360049. 2026 average price $0.0009033255. 2027 average price $0.0009692531. 2028 average price $0.0011478402.
Final thought
Floki Inu is currently in a period of popularity which has boosted its value very high towards the end of 2021.
But according to Benzinga, Floki is a risky crypto-asset due to its volatility. There is no guarantee that the value will match the forecast or that it will deviate far short of expectations.
Note: This article is for information and personal views only and does not constitute investment advice or solicitation. Forex, Crypto, CFD are risky assets, each investor is responsible for their investment.
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