- Floki crypto is trading above the key moving averages showcasing the bullishness on the daily technical chart.
- The crypto recently gave a breakout to a triangle pattern showcasing the bulls in the power.
- Floki is a meme token which is popular in the crypto space because of its unexpected price fluctuation and meme values.
Floki Inu (FLOKI) is a cryptocurrency token based on the Ethereum blockchain. It belongs to the group of cryptocurrencies called meme coins, largely due to its fun branding around the “Inu” or “dog” theme.
This token gets its name from a combination of Floki, a dog owned by Elon Musk, and Inu, a word from the Japanese language meaning dog, commonly associated with meme tokens such as Shiba Inu.
The Floki Inu project, which revolves around the FLOKI token, sees itself as a community-led cryptocurrency project. It’s mainly focused on creating an ecosystem that supports education about blockchain technology and cryptocurrencies, encouraging more participation and literacy in these fields.
What is it used for?
As a token, FLOKI works similarly to other cryptocurrencies. It can be used for transactions, trading, and staking within its specific ecosystem, as well as on wider decentralized finance (DeFi) platforms.
However, the bigger vision for the FLOKI token goes beyond the usual transactions. The project’s creators envision using FLOKI as a key part of their education-focused ecosystem. This could involve the use of FLOKI tokens as rewards for learning activities, fees for educational content, or other uses that support the project’s main educational goals.
Price Overview of the FLOKI Crypto
The trading volume of FLOKI crypto is $134.5 Million in the last 24 hours, representing a 490.30% increase from one day ago and signaling a recent rise in market activity.
The highest price paid for FLOKI crypto is $0.0003365, which was recorded on Nov 04, 2021, over 2 years. Comparatively, the current price is 87.33% lower than the all-time high price.
The lowest price paid for FLOKI crypto is $0.078428, which was recorded on Jul 06, 2021, over 2 years. Comparatively, the current price is 50,494.64% higher than the all-time low price.
The market capitalization of FLOKI crypto is $422.3 Million and the circulating supply of FLOKI tokens (9.9 Trillion tokens are tradable on the market today).
The fully diluted valuation (FDV) of FLOKI crypto is $425.4 Million. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Trillion FLOKI tokens are in circulation today. Depending on how the emission schedule of FLOKI tokens is designed, it might take multiple years before FDV is realized.
FLOKI technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are highlighting positive signals and suggest that the positive trend may continue in the crypto price. Moreover, Dogecoin crypto could go higher if it gets the desired support from buyers.
Summary
Floki crypto, is a meme coin inspired by Elon Musk’s dog and the Inu theme. It explains the project’s vision, use cases, and ecosystem, as well as the current price and market data of the FLOKI token. It also discusses the technical analysis and outlook of Floki crypto, which is trading above the key moving averages and recently broke out of a triangle pattern. The article suggests that Floki crypto could make a fortune for investors in 2024 if it continues to grow its community and utility.
