Can Floki Inu Reach $1, 10 cents, 1 cent?

The current Price of Floki INU

MetricLast 24 HoursTrend
Net Social Media Sentiment-2.7%Higher

Floki Inu Price Chart

Latest Floki News

  • FLOKI announced the launch of its crypto locker protocol, #FlokiFi Locker, on the #opBNB testnet, a high-performance layer-2 solution from #BNBchain known for reduced fees and enhanced throughput capabilities. In collaboration with @BNBchain, FLOKI plans to introduce the FlokiFi Locker and other utility products on the opBNB mainnet later this month. This integration aims to expedite FLOKI’s adoption and extend its utility products’ reach, leveraging the renowned crypto brand, #Binance, and its robust blockchain infrastructure.
  • Paribu, Turkey’s premier cryptocurrency exchange with 6 million users and over $1 billion daily trading volume, will list the $FLOKI token. This move facilitates Turkish crypto enthusiasts, who already favor Floki, to easily purchase #FLOKI alongside other prominent cryptocurrencies such as $DOGE and $SHIB.

Floki Inu, Buy or Sell, Crowd Poll

  • June 25th– Buy: 32.7%, Sell: 5.8%, Net: 26.9%
  • Aug 1st– Buy: 29.8%, Sell: 4.2%, Net: 25.6%
  • Aug 29th– Buy: 39.0%, Sell: 2.4%, Net: 36.6%

Can Floki Inu Reach $1, 10 cents, 1 cent? What is Floki Inu?

Floki Inu, a ‘meme’ cryptocurrency, operates on both Ethereum and Binance Smart Chain blockchains. It’s recognized for its hyper-deflationary nature, with increasing rewards as the burn wallet grows.

Its ecosystem boasts components such as the play-to-earn NFT metaverse game Valhalla, DeFi platform FlokiFi Locker, and NFT marketplace Shop Floki.

In addition to an active community on Telegram, recent months have seen Floki Inu form a series of partnerships and launch campaigns, including collaborations with the 2023 Badminton Asia Championships and the introduction of the Floki Card.

However, despite its rising profile and price performance, with a +201.1% growth year-to-date in 2023 and +566.6% since its inception, data on Floki Inu’s performance in sectors like NFT, DeFi, and gaming remains weak, making its long-term investment potential uncertain.

Will Floki Inu Reach 1 Cent?

To reach 1 Cent, Floki Inu must rise 225 times. Further, at 1 cent, Floki Inu will have a Market Cap of $89 Billion. Lastly, assuming Floki Inu rises at the rate of 25% every year, it would take Floki 29 years to reach 1 cent.

Only Ethereum and Bitcoin have reached these levels and both of them have good use cases. So while it is not fair to rule out 1 cent, it is expected that Floki Inu will need a much better and wider range of use cases if it were to reach 1 cent. Second, Floki Inu will need to have an active burn program that eliminates more than half the Tokens. In theory, 1 cent is feasible but in practice, Floki Inu must overcome barriers of usage and burn.

Will Floki Inu Reach 10 Cents?

To reach 10 Cent, Floki Inu must rise 2000 times. Further, at 10 cents, Floki Inu will have a Market Cap of $890 Billion. Lastly, assuming Floki Inu rises at the rate of 25% every year, it would take Floki 39 years to reach 10 cents.

Only Bitcoin has ever reached this level and it had an early mover advantage. Ethereum will probably reach this level at some point but that is because it has built a tremendous ecosystem. (ERC 20 Token, Layer-2 Blockchains, DeFi etc). Floki in comparison does not have these advantages at the moment, one can say with confidence that Floki Inu will not reach 10 cents.

Can Floki Inu reach $1?

To reach $1, Floki Inu must rise 22600 times. Further, at $1, Floki Inu will have a Market Cap of $8937 Billion. Lastly, assuming Floki Inu rises at the rate of 25% every year, it would take Floki 50 years to reach $1.

Looking at all the data points, it is fairly evident that even with a solid burn program, Floki Inu will never reach $1

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view of the likely trends in Stocks or Coins. Please consult a registered investment advisor to guide you on your financial decisions. 

Read: XRP Price Prediction and Forecast

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