Floki Inu is a cryptocurrency that was created in honor of Elon Musk's Shiba Inu dog. This altcoin became very popular in 2021 when its value rose by more than 320% in a few months. Such altcoins are high-demand among crypto investors as they are very cheap but volatile. As a result, their value can increase by 3-10 times in a flash.
We have studied all features of this altcoin in detail and compiled for you a comprehensive guide on how to buy Floki coin in a few steps.
- — Floki Inu: What’s Special About It?
- — Characteristics of Floki Inu
- — 5 Reasons to Invest in Floki Inu
- — How to Buy Floki Inu: a Step-by-Step Guide
- — FAQ
Floki Inu: What’s Special About It?
Floki Inu is a meme-based cryptocurrency that became popular thanks to Elon Musk. Meme coins are cryptocurrencies inspired by popular Internet memes. The most famous example of meme coins is the popular cryptocurrency Dogecoin, inspired by Elon Musk's favorite meme with a Shiba Inu dog and created as a parody of Bitcoin. After the success of DOGE, other tokens named after animals began to appear. Floki Coin is one of these altcoins.
The peculiarity of such tokens is that they are very volatile. Their price depends on external factors like media mentions by public people. Every time Elon Musk publishes a post mentioning meme coins, their price rises sharply.
According to experts, interest in meme coins increases during periods of slack in the serious cryptocurrency sector, such as Bitcoin. In addition, inexperienced cryptocurrency investors are attracted to familiar images. They look for cheap tokens and often choose intuitively. A cool meme dog on cryptocurrency becomes a serious argument in favor of selecting this particular digital asset.
However, Floki Inu is not just a funny token. This cryptocurrency has technological value and liquidity due to its uniqueness. That's why many people are wondering where to buy Floki Inu without commission. You will learn about this further in our guide.
First, let's get acquainted with the features of this altcoin.
We don't know much information about the founders of Floki. What we do know is that previously they were part of the Shibu Inu community. Then they decided to create their project based on Blockchain.
Characteristics of Floki Inu:
- — Name: Floki Inu (FLOKI)
- — Project launch: 2021
- — Protocol: Proof-of-Stake (PoS)
- — Mining method: auto-staking
- — Current stage: Project in operation with expanding ecosystem
- — Limit: 10 trillion FLOKI
- — Market capitalization: $1.3 billion
- — Holders: over 350,000 holders
Many people want to buy Floki Coin because of the promise and value of this project's ecosystem. The Floki ecosystem is based on three principles: memes, philanthropy, and real-world application in the Blockchain transaction industry. It is known that there is an NFT marketplace in the existing ecosystem. In addition, the developers are creating their meta-universe and Inuversity, an educational project designed to raise user awareness about Blockchain and cryptocurrencies.
All of these projects are still in development. However, crypto-enthusiasts are confident that they will be implemented soon.
Floki Inu has several uses. Currently, the most popular of them are trading. If you know where to buy Floki Coin, you can store it until it goes up in price or trade it on one of the exchanges. However, this altcoin can be used as a payment method in some companies. For example, the Canadian service Ask The Doctor allows you to pay for medical advice in FLOKI. It is expected that the choice of services and goods for payment will increase.
5 Reasons to Invest in Floki Inu
Every cryptocurrency has value. We analyzed altcoin Floki and identified 5 reasons to invest in this coin now.
1. High volatility
All meme cryptocurrencies have high volatility. Volatility is a financial indicator reflecting how much the price of an asset or commodity changes over a short time. For example, Floki Inu gained 320% in October 2021. Cryptocurrencies such as BTC, ETH, XPR, TRX, etc. do not have such volatility.
High volatility allows investors to multiply their investments by 5-10 times in just a few months. No other financial instrument has similar returns. This makes meme coins in demand in any market situation. Even during Bitcoin's cheapening, many users try to diversify and buy low-cost coins ahead of their growth. Altcoins always grow faster than giants like BTC and ETH. Therefore, investors will be interested in Floki and similar altcoins with very high volatility for a few more years.
2. The rise in popularity of Elon Musk and his projects
Elon Musk once wrote on Twitter that he would name his new Shiba Inu dog Floki. Immediately thereafter, an altcoin with that name appeared. Already afterward, the developers came up with a roadmap, the project's White Paper, ecosystem details, and more.
You've probably noticed that any mention of a crypto asset on Twitter from Elon Musk generates huge interest among readers. This has been the case with DOGE, Shiba Inu, and several other altcoins in the meme coin category. Floki Inu is no exception. You can be sure that Elon Musk's growing popularity will lead to increased demand for Floki Coin. After all, users associate the billionaire with this coin named after his dog. Don't forget to follow the news and buy Floki at the best time.
3. The development of Floki's unique ecosystem
The value of Floki Inu is determined by the ecosystem that the founders of this altcoin are creating. Presently, we know about the development of an NFT meta-universe called Valhalla, an NFT goods marketplace called FlokiPlaces, and an educational platform. The altcoin founders assure that they are actively implementing new Defi 2.0 technologies in their new projects. They are passionate about the meta-universe and everything that connects it to the world of cryptocurrency. Due to the tremendous prospects of these areas in the crypto world, we can be sure of the value attributed to the future Floki ecosystem. This means that there is a high probability that the value of altcoin will rise after the presentation of the finished ecosystem design.
4. Low cost
Floki Inu has a small value, which is about $0.000015 at the time of writing this guide. Accordingly, you can buy many coins for a small amount of $50-500. This attracts many aspiring crypto enthusiasts who can't afford to buy XMR or ETH. In addition, many small-value coins have a great chance of going up in value tenfold. It already happened with Floki, Shibu, DOGE, and many other very cheap altcoins. You might be the one who wants to diversify your investment portfolio and buy a few thousand Floki.
5. Many exchanges for trading, buying, selling, and exchanging Floki Inu
Floki Coin is a universal altcoin, which can be bought on various exchanges. The availability of the token in the ERC-20 and BEP-20 systems makes the coin universal. Many people wonder: “Where I can buy Floki Inu?“ Finding an exchange to buy or sell this altcoin is no big deal.
For example, you can trade Floki Inu not only on cardtocrypto.io but also on such platforms as Uniswap, Gate.io, MEXC, and others.
How to Buy Floki Inu: a Step-by-Step Guide
There are many exchanges and wallets where you can buy, trade, or exchange Floki Coins. At the moment, this altcoin is only available for storage on software wallets like Trust Wallet, MetaMask, SafePal, and others. The easiest way to buy Floki Inu is via the CardtoCrypto as there is an intuitive interface, no fees, and a large choice of payment systems for transactions.
Here is a quick step-by-step guide for you to find out how to get Floki Inu:
- — Open the our official website cardtocrypto.io
- — Specify buying and selling currency (for example, we chose EUR and FLOKI ERC-20).
- — Specify the amount of Floki you want to buy.
- — Click the BUY button.
- — Enter the address of the beneficiary wallet in the menu that will open (Recipient Wallet item).
- — Go to the next menu, where you will need to enter your payment card details and confirm the transaction.
- — Expect to receive cryptocurrency on your wallet account.
You can use any VISA or MasterCard to buy Floki Coin. In the currency selection menu, you can select USD, AUD, CAD, or any other payment currency. Currently, there are no restrictions on buying Floki from any country in the world.
It is worth noting that you need to create a wallet for Floki before buying altcoin. You can do this with any of the services listed above, including Trust, GATE.oi, or others.
FAQ
What is Floki Coin?
Floki Coin is an altcoin created by analogy with Shibu Inu. Many people associate it with Elon Musk, who has a dog with the same name. Currently, Floki Inu operates in the Ethereum and Binance Smart Chain ecosystems. The value of this altcoin has more than quadrupled in the last 16 months.
Can I buy Floki Coin with my VISA or MasterCard?
At the moment you can buy Floki Coin via bank card or electronic payment system. It does not take long, so CardtoCrypto probably the best way to buy Floki Inu.
What is the fee for buying Floki Coin?
You can buy Floki Coin without out commission at cardtocrypto.io. If you look for info on how to invest in Floki Inu using other tools - the commission then will depend on the amount of funds and the exchange itself.
How much could Floki Coin hit in the next 2-to 3 years?
Experts predict that the value of Floki Coin and similar altcoins may grow by at least 2 times in the following years. This will be influenced by the overall capitalization of the cryptocurrency market, the growing popularity of Elon Musk and his projects, as well as the interest of crypto investors in the original altcoins.
What is the issue with Floki Coin?
The issue of Floki Coin is 10,000,000,000,000. The number of coins is limited, so this type of asset does not lend itself to inflation. Presently, you can buy any amount of Floki Coin. Use our step-by-step guide to do so.
Conclusion: Altcoins like Floki Inu will always be relevant. This is a great opportunity to diversify your cryptocurrency investments. Most of these meme coins have already been appreciated by 300-1000%. However, experts predict that altcoins like Floki will become even more expensive during the next rapid growth of cryptocurrency market capitalization.