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Highlights
- Floki Inu is getting the attention of crypto investors after Elon Musk’s tweet hinted at the cryptocurrency.
- After Elon Musk’s tweet, the Floki crypto clocked an all-time high and its one-day volume skyrocketed by about 1,680 per cent.
- If you are interested in the Floki crypto, you can buy it from PancakeSwap or Uniswap.
The cryptocurrency market massively involves Bitcoin and Ether, however, some alternative cryptocurrencies have been gaining momentum over the past few months as acceptance of cryptocurrencies seems to be increasing by the day.
In this article, we will talk about the relatively new meme-coin that has caught the attention of crypto enthusiasts after Elon Musk's tweet hinted about it. The Tesla boss is back to tweeting suggestive crypto posts and on Sunday, September 12, he tweeted a photo of his Shiba Inu with the caption “Floki has arrived.”
After Mr Musk posted the photo, a massive surge was recorded in the price and volume of FLOKI tokens, and it seems like crypto traders are indulging in buying it.
According to CoinMarketCap, the one-day volume of Floki Inu has skyrocketed by about 1,680 per cent and the price has catapulted by 87 per cent to US$ 0.00003169 per token in the last 24 hours.
Notably, the FLOKI token clocked an all-time high of US$ 0.00004354 apiece on September 12, according to CoinGecko data. In Canada, Floki Inu has become one of the most searched topics on the internet and on that note, we shall further explore the cryptocurrency:
What is Floki Inu crypto?
According to the digital asset's website, the Floki Inu coin's existence can be attributed to the members and fans of the Shiba Inu community. It is a community-run project and the FLOKI token was designed to give rewards to users for HODLing it and it is a deflationary token.
The FLOKI coin has a total supply of 10 trillion coins, and it has a self-reported circulating supply of 9.2 trillion FLOKI tokens. According to CoinGecko, FLOKI’s price has surged by 61 per cent in the last seven days and 410 per cent since the past month.
Also Read: POND token’s volume soars over 1000%. Can Marlin crypto reach $1?
If the present momentum continues, the price of Floki Inu could reach US$ 0.0009 per token by the end of this year.
Presently, not all the major cryptocurrency exchanges are offering the FLOKI token and if you are interested in this crypto, you can buy it from PancakeSwap or Uniswap.
© 2021 Kalkine Media Inc.
Also Read: Automata is rising. What is the ATA crypto price prediction?
Bottom line
The cryptocurrency market is infamous for its volatility and as the FLOKI token is relatively new in the market, it is essential to research the token and the project before investing in it.
