Floki Inu FLOKI/USD is a dog-themed cryptocurrency based on the many meme-coins out there. Its main inspiration was another competing token known as the Shiba Inu token, whose community led to the creation of FLOKI.
It is an ERC-20 token, which means that it is built on top of the Ethereum blockchain. The token is named after Elon Musk’s dog, which is a Shiba Inu dog breed named Floki.
The 10 trillion maximum supply confirmation on CoinMarketCap as a catalyst for growth
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On January 21, 2022, we saw an official announcement made by the Floki Inu team on Twitter, where they mentioned how the world’s number 1 crypto asset tracking website verified the FLOKI market cap.
What this essentially did was legitimize FLOKI and rank the project among the top cryptocurrencies in the world.
At the time, we covered how at the time, FLOKI’s price failed to recover from a dip, despite the news.
Alongside the development of the token, the team behind it is developing a play-to-earn NFT metaverse game known as Valhalla, and FLOKI is intended to be used for an NFT marketplace called FlokiPlace.
What this means is that with the launch of Valhalla, as well as the launch of FlokiPlace, we could see the token’s utility increase, which will lead to its increase in value. Additionally, the headline media attention from the CMC confirmation could also assist the token towards a spike in its value.
Should you buy Floki Inu (FLOKI)?
On January 22, 2022, Floki Inu (FLOKI) had a value of $0.00004237.
To get a better perspective as to approximately what this value point means for the FLOKI token, we will be going over the all-time high value of the token thus far, alongside the performance which was showcased by the FLOKI token throughout the previous month.
Floki Inu (FLOKI)’s all-time high value was achieved on November 4, 2021, when the token reached a value of $0.00033651. At its ATH, the token was $0.00029414 higher in value or by 694%.
In terms of the performance in December, the token’s highest value point was on December 3, when it reached a value of $0.0002221.
Its lowest point, however, was on December 30, when it decreased in value to $0.00009468. This marked a decrease in value by $0.00012742 or by 57%.
However, at $0.00004237, FLOKI is at one of its cheapest price points to get into, and as its ecosystem evolves, the token has the potential of reaching a value of $0.00008 by the end of February 2022, making it a solid buy.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
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Source: https://invezz.com/news/2022/01/22/floki-inu-price-forecast-how-far-will-floki-grow-after-coinmarketcap-verification/