Floki Inu crypto has evolved into one of the most attractive meme tokens since launching in the blockchain markets. Floki Inu is a meme token named after Elon Musk’s Shiba Inu and has seen exponential gains over the last few days.
This week Floki Inu crypto has soared over 94% and is now trending on Twitter due to the high social engagements. As a result Floki Inu crypto is now pumping and has broken out of a symmetrical triangle pattern.
Will Floki Inu crypto continue to pump?
Floki Inu Price Prediction 2022
In my opinion Floki Inu has had one of the more harsh corrections in the crypto bear market of 2022. In October 2021 Floki Inu commenced in a parabolic rally which took the price up to $0.000405. Floki Inu now trades at $0.0000103 and has corrected over 98% since it’s all time high.
According to Coinmarketcap Floki Inu has a market capital of $106 million and would be recognised as a low-cap project. This means there it is likely that the price action will see high levels of volatility.
Recently Floki Inu has been gathering a lot of positive price momentum due to some exciting news which has recently been announced on the Floki Inu twitter page. I believe much of the recent rally in price has been due to the high anticipation associated around this.
Floki Inu Twitter Page.
I speculate much of the recent social engagements and hype is a reverberation of the recent bullish news that Floki Inu will be available for trading on the ByBit exchange tomorrow. This is massive for Floki Inu in terms of global exposure and means that there could potentially be an influx of new trader volume.
In addition to this, Floki Inu announced that they are listed on the Bitwell exchange. Overall the combination of two new centralized exchange listings has generated enough excitement to create a rally for this highly popular meme token.
Floki Inu Twitter Page.
From a technical analysis perspective Floki Inu crypto is also forming a bull flag on the price charts. This could lead to positive continuation in price and result in a 48.32% pump if we reach the technical target of $0.00001473. It is worth noting that there is a great amount of resistance at the $0.00001232 level where we would be likely to see a rejection.
Floki-Usdt – 30 minute Time frame.
I speculate that Floki Inu has a good chance at striking $0.00002 again this year, but we would really be chopping around these levels. I don’t believe there will be any new all time highs for Floki Inu as Bitcoin is still in a macro downtrend.
Floki Inu Video Analysis
If you are a believer of meme tokens then Floki Inu crypto is certainly one of the blue-chip memecoins. The market capital is now enough to make seeing a 10-20x possible again by the next crypto bull market.
Because Floki Inu has a whopping supply of 10 trillion FLOKI I find it very unlikely that this project will ever reach $0.01. In order to see higher prices we would need to see a burning implemented in the circulating supply.
What is Floki Inu crypto?
Floki Inu is a dog-themed meme token. The project prefers to describe itself as not a meme coin but a ‘community movement’ in the crypto space. The cryptocurrency is inspired by the Shiba Inu community and also Elon Musk’s Shiba Inu.
As you may know, Elon Musk is a massive fan of Dogecoin. Elon Musk tends to have a large influence over dog themed crypto meme tokens. Floki Inu is not just a meme coin with no utility. It boasts a strong merchandise marketplace where you can also obtain NFTs. In addition to this, Floki Inu offers an NFT gaming metaverse called Valhalla which is an exciting and immersive turn-based combat game.
NFT Metaverse Tokens With Potential Like Floki Inu
Looking at the history of Floki Inu it is quite easy to identify that it has reached some key milestones such as 400,000 unique holders and over 10,000,000 reached followers on their social channels. Whilst Floki Inu is a fun and lucrative meme coin I think that for now it has become exhausted, especially since we are in a crypto-winter with no major price catalysts.
A new NFT Metaverse project has entered the space which is known as Battle Infinity (IBAT) and oozes with potential. Battle Infinity is currently on presale until October 2022, this is great for investors who wish to get in on a project nice and early.
This means investing in a project that is yet to launch on decentralized exchanges (DEXs) and centralized exchanges (CEXs) as opposed to investing in Floki Inu which has already reached euphoric highs. Investing in Battle Infinity could mean that you will be likely to financially prosper as you have the privilege of pre-sale prices.
Related
- How to Buy Battle Infinity Token & NFTs
- 11 Best Metaverse NFT Projects for 2022
- Where to Buy Floki Inu – Beginner’s Guide
Battle Infinity - New Metaverse Game
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This article was written for Business 2 Community by Jacob Bury.
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