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Floki Inu (FLOKI) price prediction

Floki Inu (FLOKI), or just Floki, as it is also referred to, is one of the most popular meme coins in the crypto industry. It is not as big as Shiba Inu (SHIB), and certainly not as big as Dogecoin (DOGE). However, Floki Inu has still come a long way since its launch, and it has been a well-performing asset, especially in 2023, as we will soon see.
Floki Inu (FLOKI) price prediction
Floki Inu (FLOKI) price prediction

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Floki Inu was launched in mid-2021, and it was inspired by a combination of the crypto industry’s meme coin sector and Elon Musk’s own dog, who is also called Floki.

This connection between Musk and the meme coin sector comes from his past constant hints and promotions of Dogecoin using his Twitter account.

Musk said that DOGE was his favorite cryptocurrency, and after several attempts by the community to push DOGE’s price in early 2021, the meme coin sector started growing with multiple new additions.

Floki Inu 1

Meanwhile, Musk himself has a dog called Floki — a Shiba Inu, which is the same breed that inspired Dogecoin, Shiba Inu token, and other dog-based meme cryptos.

In fact, this inspired SHIB’s community to launch a new meme coin and name it after Musk’s own dog, which is how Floki Inu came to be.

Floki Inu price right now

At the time of writing, Floki Inu’s price sits at $0.00001829. Also known now as simply FLOKI, the token has been struggling to breach its current resistance and has been on a continuous downtrend ever since it crashed further in May from the $0.000034 range.

Floki Inu

The token currently ranks as the 142nd-largest cryptocurrency by market cap at $172 million. FLOKI’s daily trading volume averages around $37 million.

The project’s max supply is capped at 20 trillion units, while its circulating supply sits at 9.94 trillion FLOKI.

As for its circulating supply, around 48.56% is currently in circulation, which translates to 9,711,318,706,150.98 FLOKI.

Where can I buy Floki Inu in 2024?

Floki has been around for nearly two full years now, which has given it plenty of time to establish itself and prove to the exchanges that it is an asset worth having.

The full list of crypto exchanges — CEXes and DEXes alike — that offer it is extremely long. However, if you wish to buy Floki, here are some major platforms that you can turn to right now:

  • Binance
  • Uniswap
  • KuCoin
  • OKX
  • Bithumb
  • Huobi
  • Bitfinex
  • io
  • PancakeSwap
  • US

The full list consists of over 113 platforms at the time of writing, and in time, it will likely expand even further.

Floki Inu price history

Floki emerged in July 2021 with a price of $0.0000042. After going live, its price immediately dropped, although very slightly, and the asset managed to climb back up, above its launch price before the end of the month. In August 2021, it had traded just above the launch price, and this situation continued until August 26th, when the FLOKI price started climbing.

The increase was slow at first, but it kept speeding up, leading the token to a resistance at $0.000020. The resistance briefly rejected the price two times before it was broken in mid-September 2021.

FLOKI then surged to $0.000059, which proved to be too strong for it to breach it right away. However, FLOKI eventually did it in mid-October of the same year, climbing up to $0.000080.

It is worth mentioning that all of this happened in the middle of the bull run of 2021, just after it got its second wind in July 2021. This second wave continued until November 11th, when it suddenly lost momentum, and the crypto winter kicked off.

Just before this happened, however, FLOKI managed to catch the trend in its last few days, suddenly surging from $0.00005621 on October 27th to $0.0003118 on November 5th.

This was also the token’s all-time high, which remains its highest price to this day. After that, Floki price started dropping, which continued month after month in 2021 and throughout 2022.

The token’s price found its bottom and with it, some stability in June 2022. At the time, it had dropped down to $0.0000057. While it made several attempts at recovery throughout last year, none of them lasted, and it also did not take FLOKI very high up.

Floki then started 2023 with a price of $0.00000815, and it almost immediately started to recover. After launch, its initial surge was slow, and it took most of January.

But, as the first month of this year came to a close, FLOKI rapidly picked up the pace, surging from $0.00001125 on January 27th to $0.00005496 on February 17th — exactly three weeks later.

This was when FLOKI reached its YTD high, at least so far. From there, its price sharply dropped to a support at $0.000040, only to once again surge up to $0.00005327.

This was followed by a milder correction, which eventually left Floki with an average price of $0.000034. FLOKI token saw two surges in the second half of April and the first half of May of this year, but both left it between $0.000040 and $0.000050.

Since then, the token dropped in value, and as of October, is trading in the $0.000018 range, serving as a likely accumulation zone.

For now, FLOKI’s performance in the last few months suggests that it might be able to hold.

The recent surges likely came in response to the news of Binance.US listing and the launch of staking on the testnet, and the price simply reacted to these positive events.

Despite its recent downtrend, however, the fact that Floki has managed to maintain its price levels is impressive and indicates a good growth aspect for the token.

How is the price of Floki Inu (FLOKI) determined?

Since Floki Inu is a cryptocurrency, that means that its price is not fixed. It changes constantly, not unlike the price of stocks.

However, cryptocurrencies are much more volatile, and since they are available for trade around the clock and the markets don’t close, that means that its price will continue to move at all times.

Here are some of the things that may influence it.

Supply and demand

Supply and demand are the top factors affecting the price of any asset, including Floki.

Supply represents how much of the asset is available on the market, while demand shows how much people want to own it and therefore buy it. The pair is the main influence on the price of all cryptocurrencies; even other factors lead back to these two.

For example, news involving a cryptocurrency could affect investors’ behavior.

Good news could make them more willing to buy the token, while bad news might cause them to dump it.

By seeking to buy it, they increase the demand, and by dumping it, they reduce it while the supply grows. This is why the crypto industry typically sees bullish price spikes when major listings or new developments happen.

Social media

Social media mentions have been known to have a huge effect on the price of certain cryptocurrencies.

Not all of them are equally affected by their social media popularity, but when it comes to meme coins, there is definitely a correlation between the two.

We mentioned earlier that Elon Musk managed to put Dogecoin under the spotlight each time when he mentioned it on Twitter.

Whenever this happened, DOGE price would see a minor increase. The coin’s community even managed to pump its price quite strongly via Twitter and Reddit.

Since Floki Inu is quite similar to DOGE in a lot of aspects, it is similarly susceptible to social media attention.

Volume

Volume is another detail that might inspire investors to get interested in a coin or token, as many of them use this metric to see which cryptos are the most popular.

Having high volume is typically a good thing, as it means that the crypto is constantly exchanging hands and that it likely has solid liquidity.

This encourages investors to buy it, as its price might increase due to demand. If not, high liquidity means they can sell it quickly if the price starts dropping, so the risk is minimal.

Broader crypto market sentiment

Then, there are things like a broader crypto market sentiment, which tends to affect the entire market at once.

This was seen time and time again, whether during small bullish waves or during major bull runs, such as the ones in 2017 and 2021.

FLOKI saw a massive price surge in late October 2021 when it finally joined the bull run that was, at the time, leading Bitcoin to its peak at $69,000 per coin.

Due to their strong dominance, Bitcoin and other crypto giants constantly influence the market. If such coins start a bull run, the altcoin market is sure to follow.

Unfortunately, the same is true during bearish periods, and the price might start dropping without a solid reason other than the broader market sentiment. October has been fairly neutral for cryptocurrencies, and the upcoming months seem to be more bullish in nature. This could help the token rise in value, provided it keeps up in terms of engaging with the community and other vital developments.

Utility and development

Finally, utility and development have also been known to influence the price of an asset quite a bit.

Utility simply signifies methods in which a cryptocurrency could be used, while development shows whether the developers are working on the project to make it better and add more use cases.

Floki has seen some development recently when it launched staking on its testnet, which took place only a few weeks earlier.

In this case, staking — a popular DeFi activity that allows users to lock up their coins and receive rewards in return — could provide FLOKI tokens with an additional utility.

While staking is currently only available on the testnet, it will eventually reach the project’s mainnet, as well, allowing it to offer these services to its entire user base.

As a result, FLOKI’s price will no longer depend only on its popularity and speculative investing. Users will have an actual reason to want to own the token — so that they can lock it up and earn passive income as a result.

How often does the price of Floki Inu change?

How often does the price of Floki Inu change

Since Floki Inu is not a stablecoin, its price is not backed by a physical or digital asset of value.

That means that it is worth as much as investors think it is worth, which changes constantly, depending on the previously mentioned factors.

That means that its price changes all the time and that it will continue to do so.

Since Floki is a meme coin, it is even more susceptible to these price changes, as a simple matter of popularity could hugely influence it.

This means that investors and traders who wish to use it must be very careful and vigilant, as they can never know when a new price change might be triggered and by what.

Investing in Floki Inu

Floki Inu has not reached the levels of the most popular meme coins, but it is still quite well-known in the crypto industry.

As such, it could attract investors looking to buy a meme coin other than the leading ones, whether in order to wait for it to achieve its potential or simply to diversify its investment portfolio.

Is it worth buying Floki in February 2024?

As we have seen in the price history section, FLOKI has had a fairly successful 2023 so far. It started to recover immediately as the year started, and it even had its own mini-surge in late January and early February.

Since then, it has also had a correction that left it about halfway between its YTD low and its YTD high. For the moment, FLOKI seems to have a strong support level holding it and preventing it from sinking too deep.

This support has managed to hold it for the last couple of months, leading to October when it lost some more value. However, the community seems to have been gaining a grip on the project’s social media platforms, with an increase in total volume traded. This could be an indication that the price may be looking for a reversal soon.

Of course, this is still very much in the realm of possibility, so if you intend to invest, you should do your own research and thoroughly analyze the market first.

Who should invest in FLOKI?

FLOKI is a meme coin that primarily targets meme enthusiasts.

However, it is also working on expanding into the DeFi sector, so it might soon become very attractive to those interested in staking.

Apart from that, meme coins have shown greater levels of resistance to the bear market than many other cryptocurrencies, so speculative investors might also be interested in checking it out.

In the end, anyone who wishes to invest in it for whatever reason is welcome, as this token thrives on humor and popularity rather than representing a specific philosophy or movement.

How to get started with Floki Inu investments?

If you are interested in buying FLOKI, you can do so in a few very simple steps.

Simply follow these steps and you will be able to add this meme coin to your wallet in mere minutes.

  1. Start by going to one of many exchanges where Floki is currently available. It is best to identify all platforms available in your area and then compare them to determine which one is the best. After that, register on the platform and proceed to the next step.
  2. After registering, you will have to verify your identity by uploading your ID or similar documents if you decide to use a centralized exchange. If you decide to use a DEX, you will be able to skip this step.
  3. Once you are verified, you can proceed to deposit some money onto the platform or use the exchange to buy FLOKI directly. This may depend on whether the exchange allows you to buy the coin with fiat or not. If it doesn’t, you will have to purchase a cryptocurrency such as Ethereum, Tether, or some other crypto paired against FLOKI. This may vary from one platform to another.
  4. With your account funded, you can proceed to purchase FLOKI, either with fiat or crypto. Simply find the appropriate pair, enter the amount that you wish to buy, and click on the Trade button.
  5. That’s it, and you should now have a certain amount of FLOKI in your wallet. Note that, for your funds’ security, you should never leave them in the exchange’s wallet unless you plan to use them right away. If you intend to hold onto them, you should transfer your coins and tokens to a private wallet, where you would be the sole holder of the private keys. If you secure your wallet well, no one will be able to break in and steal your crypto. This is why, in an ideal situation, you should withdraw FLOKI to a hardware wallet.

Investing in Floki Inu tokens responsibly

As you can see, buying FLOKI is a fairly simple matter, and it can be done by anyone with some money and an internet connection.

However, the ease of investing doesn’t mean that doing so is entirely risk-free. If you are new to crypto investing and trading, you should keep in mind that there is always risk associated with digital assets.

And, due to the decentralized nature of the industry and the current lack of regulations — it is up to you to reduce that risk for yourself as much as possible.

Here are some tips on how you can do that and how you can make your investing safer and more responsible:

  • Try to find which exchanges are available in your area and compare them in order to identify the one with the best deal. That includes platforms with the lowest fees, as many trading pairs as possible, multiple payment methods, and the like. Of course, only established exchanges should be used, as unknown platforms could turn out to be scams.
  • Do not make Floki Inu your only asset. Always make sure that your portfolio is diverse and filled with different assets. If you do not intend to make a crypto-only portfolio, feel free to include other assets that you believe in. That way, if one of them fails, your overall portfolio will still be able to recover.
  • Listen to what experts have to say, not only about Floki but about the market, the current and future trends, events, and alike. However, remember that you should hear them out in order to gain a better perspective, but not in order to follow their advice to the letter. It’s your funds on the line, and therefore, the decision on what to do must be yours and yours alone.
  • Use a VPN to secure your connection. Online criminals are a big problem in the crypto industry, and you never know who might be monitoring your traffic. Make sure to hide the fact that you own crypto from them in order to not make yourself a target. Due to blockchain explorers and KYC procedures, it is very easy to follow transactions as it is, but any additional layer of protection that you can get is a big plus.
  • Create technical and fundamental analysis in order to try and predict what the FLOKI price might do next. Predictions are an important part of investing and trading, and the more accurate you can make them, the better for you.
  • Do as much research into FLOKI as possible before making a purchase. The more you know about it, the better you can prepare yourself for anything. There is no way to predict what will come next in crypto, and you should be aware of all positives and negatives involving the asset(s) that you invest in.

Floki Inu taxation

Floki Inu taxation

Despite the fact that most countries in the world do not have crypto regulations as of yet, most of them have introduced some form of taxation for any profits received from crypto trading and investing.

This is something that each nation did individually, so your local laws will depend on where you are — there is no universal answer to everyone’s situation

This is why you need to learn about those laws first before you make your next move and invest.

Some countries might require you to pay extremely high taxes on crypto profits, while others are more crypto-friendly in this regard.

Learning about how much you need to pay before you enter into that obligation might even help you decide whether trading and investing will be worth it for you in the first place.

Day-trading Floki Inu vs. Long-term FLOKI investments

One big question that newcomers to the crypto industry constantly ask is whether it is better to trade cryptos or invest in them. The answer is that both are perfectly fine and legitimate ways of earning profits from digital assets. However, which of the two methods the trader will choose depends on the trader’s personality, risk tolerance, and similar aspects.

In trading, for example, you need to do a lot more work.

You need to pay attention to the market constantly, make predictions, follow the price, use different order types, and train yourself to react to market signals and not impulses caused by fear or greed, and alike.

Trading requires you to be disciplined and cool-headed, to collect and process data quickly, and then react to your findings before the market changes, making your analysis worthless.

It involves work and can be stressful, especially until you get accustomed to this way of working. You will also likely only earn small amounts per trade, and that’s assuming that all of them will be successful — which is never the case for anyone.

In trading, you experience both profits and losses and must not be discouraged if you have a bad day. It is best to measure your success on a monthly basis rather than a daily or per-trade basis.

Over time, small profits will amount to greater earnings, but you must be persistent, learn from your mistakes, and constantly improve yourself.

As for investing, this is a far simpler way of working with crypto.

It all comes down to finding an asset that you believe in. If you believe Floki has a future, all you need to do is buy its tokens, lock them up in a private wallet, and forget about them for several years.

If you were right, in a few years’ time, your investment will grow significantly. However, you should still keep checking the market regularly in case things don’t go the way you expected them to.

But, other than that, there isn’t much more to investing. Investing means playing the long game, and it comes from the basic assumption that prices will grow in time as adoption picks up.

As such, it requires patience, and investing in a good, strong cryptocurrency is very helpful. But, other than that, securing the assets adequately will be your main concern.

Price predictions for Floki Inu tokens

The first thing to note about price predictions is that they are not at all accurate, especially when it comes to long-term predictions.

They are based on experts’ opinions, but at the end of the day — that’s all they are: opinions. Granted, experts are experts for a reason.

They understand the market and are more qualified to make predictions than novices. However, when it comes to an industry such as the crypto sector, no amount of expertise ensures that your predictions are accurate. The market is simply too volatile and uncertain.

But, traders and investors still like to know what the experts expect, which is why we have consulted several platforms in order to see what they believe is coming.

When it comes to WalletInvestor, for example, their prediction for FLOKI is rather bearish. WalletInvestor believes that FLOKI’s price will go down over the course of the next year, dropping to $0.000000376 by May 2024.

While this suggestion may seem bearish, it may not be surprising to see the token gain strength as soon as a bullish wave propels the price of top memecoins to go high.

CoinCodex is also bearish on FLOKI over the course of the next year, but it believes that the asset will bounce back up in 2025 and 2026.

Whether or not this will happen how they expect it to remains to be seen.

The best Floki Inu alternative

While Floki is a popular cryptocurrency, there are some who believe that they can find better options, even in the world of meme coins.

Some traders, for example, tend to only buy new tokens during presales, and they believe that it is too late to invest once the token is released into circulation.

While this is unlikely to be true, everyone is free to invest and trade as they see fit.

For those who are interested in purchasing a new asset during its presale, we suggest checking out Meme Kombat.

Meme Kombat, distinguishes itself with a strong utility component, making it an attractive prospect for investors seeking quality memecoins with potential for growth. Despite being introduced only a few days ago, the project has rapidly gained significant popularity and is among the few projects to be talked about by top crypto influencers and YouTubers.

At its core, Meme Kombat centres around AI-generated battles, a concept that aims to engage users through a betting mechanism. The platform features over 11 distinct characters, each embodying iconic mascots from various cryptocurrency projects, including well-known figures like PEPE and DOGE. Players have the opportunity to participate in these automated battles by using $MK, the project’s native token, for wagering.

The presale phase is currently witnessing a surge in demand, indicating a potential sell-out sooner than expected. This suggests that now may be an opportune moment for individuals to acquire $MK tokens.

Meme Kombat

With its focus on popularizing AI-driven battles combined with a betting element, Meme Kombat introduces a novel and engaging concept to the memecoin space. The inclusion of recognizable mascots from major meme projects further strengthens its appeal. This strategic decision has resonated strongly with the audience, elevating the project’s prominence within the broader memecoin community. As a result, there is a growing expectation that Meme Kombat holds the potential to excel and potentially emerge as one of the most valuable tokens in the space in the future.

Buy Meme Kombat

Conclusion

Floki Inu has grown to become an established and popular meme coin. It is still not as big as Shiba Inu or Dogecoin, and perhaps it will never reach those levels.

However, it is just as possible that it will. Whether it does or doesn’t, Floki has a lot of room left for growth, and that makes it an option worth considering.

Whether it will live up to its full potential or is unknown at this time.

However, it is worth remembering that Floki is planning to introduce staking at some point in the future, which will likely significantly boost its adoption and usage, as staking is a powerful use case, especially in the meme coin sector.

In the end, each investor must make their own decisions regarding what to do and what to invest in.

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FAQ

Where to buy FLOKI tokens?

You can buy FLOKI tokens on a number of different crypto exchanges. Its most recent major listing was on Binance.US, but it is also available on Binance’s main platform, and over 100 other crypto platforms, as mentioned earlier.

What is Floki Inu?

Floki Inu is a meme coin inspired by Elon Musk’s dog, a Shiba Inu named Floki. It was created by Musk’s fans who were already supporters of the meme coin sector, primarily Shiba Inu (SHIB).

Is Floki Inu dead?

No, Floki Inu is definitely not dead. The token has actually seen very good performance earlier this year, and while its price is currently under its YTD high, it is still significantly above from the value it had in the early days of 2023.

How many Floki Inu tokens are there?

Floki Inu’s max supply is 20 trillion FLOKI. Its total supply is at around 9.94 trillion, while its circulating supply is currently at 9.71 trillion.

Is Floki Inu legit?

Everything that we have learned about the token suggests that it is a legit cryptocurrency that is working on establishing itself and even adding new utilities. There is nothing that suggests that Floki Inu is a scam in any way, and since the asset has been around for nearly 3 years now with no incidents, it is reasonable to assume that it is a real project.