Is Floki Inu a Good Investment?

An Overview Of Floki Inu

Floki Inu was launched in 2021, inspired by Elon Musk and his Shiba Inu dog. FLOKI was built on Ethereum and Binance Smart Chain making it a multichain token. Since then, FLOKI has maintained its demand in the market by creating deflationary pressure, meaning its supply decreases with time which leads to higher demand and price. Following are some of FLOKI’s key use cases:

• FLOKI is required to play and earn in the NFT gaming metaverse, Valhalla

• Used as native currency for trading collectibles or NFTs on FlokiPlace

• FLOKI holders can participate in governance by voting on upgrades and other decision

• FLOKI can be used as collateral to receive a crypto loan

FLOKI Current Price - $0.0002591

FLOKI Market Cap - $2.49 Billion

FLOKI Circulating Supply - 9.60T Floki

FLOKI 24-Hour Price Change - 5.60%

FLOKI 24-Hour Trading Volume - $1.38 Billion

FLOKI All-Time High - $0.0003462

FLOKI All-Time Low - $0.00000002

FLOKI has successfully managed to keep its demand and value up by creating a scarcity of tokens. It was initially launched at $0.0000042, and since then the price has grown substantially and now sits at $0.0002591. 

Over the last week alone, the price has increased by 11.01%, and in the last month, its value surged by 71.98%. On top of that, FLOKI increased in value by 738.96% over the last 12 months. Analysts reveal that the coin will continue to grow due to strong community support and vast use cases.

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