Floki (FLOKI) is one of the meme coins that was inspired by Elon Musk without him realizing it. Once in 2021, the tech billionaire tweeted that he had got himself a SHIB puppy and decided to name him Floki – that’s after a character from the Vikings film series who was a talented ship builder and a weirdo. Elon Musk thought that this name was perfect for his pet dog.
Part of the cryptocurrency community liked that Shiba Inu puppy so much that they were inspired to launch a meme coin FLOKI in July 2021.
It is one of the largest meme cryptocurrencies in terms of market capitalization going after Dogecoin (number one) and Shiba Inu (number two). The goal of the Floki team is to make FLOKI “the most known and most used cryptocurrency in the world.” To achieve this goal they plan to “to leverage a combination of Floki’s meme appeal, passionate community, aggressive marketing, and strong focus on utility.”
Floki’s price key features and products
Floki is the utility token of the ecosystem built around it. It is a decentralized blockchain project run by its community. Similarly to Bitcoin and Shiba Inu, Floki was created by an anonymous developer, who did not even bother to take a mysterious-sounding pseudonym. Following the suit of Satoshi Nakamoto and Dogecoin founders, he left the project immediately after it was released.
Now, Floki has a core developer team, consisting of B, Sabre, and MrBrown Whale (also pseudonyms). Floki’s lead developer is known as Jackie Xu. According to the Floki team, that well-respected figure in crypto, the industry possesses more than a decade of blockchain experience.
Key decisions for Floki are made by the community through the DAO, where they use Floki tokens for voting.
The project started as Floki Inu but then it was rebranded as simply Floki. There are four major utility projects that the Floki team is working on at the moment. Number one is a gaming metaverse with NFTs elements called Valhalla. The second one is a set of decentralized DeFi products referred to as “FlokiFi”.
The next one is called FlokiPlaces and that is a marketplace for NFTs and merchandise. And last but not the least is the University of Floki. This is a crypto educational platform. On it, users will be able to take classes on various topics related to cryptocurrency in an asynchronous form. Initial courses will be free of charge.
Floki token burn rally
Valhalla deserves a separate mention. It started as a game but then grew into a gaming metaverse where NFTs are actively used. It is being developed by a team consisting of 20 people who have more than 50 years of mutual team experience. This metaverse plans to use FLOKI as in-game currency that will allow making purchases or help players pass particularly difficult settings and tasks.
Thus, the team plans to move FLOKI out of circulation into this game where they will stay forever. Such removal from the circulating supply is also known as token burning in the crypto community. It is being practiced by such meme cryptocurrencies as SHIB and BabyDoge, along with ETH, BNB and other leading cryptos.
Burning allows the community to reduce the circulating supply and thus to make their coin more scarce. This gradually increases the odds that its price will see a great rise in the future. Floki’s total supply stands at 9,708,824,960,721. Almost all of it is circulating in the market already. The meme coin has a market cap of $1,812,289,985 and it occupies the 56th spot on CoinMarketCap.
During the first year of existence, Floki quickly gained almost half a million users.
During the past couple of years, Floki has entered into partnerships with various major cryptocurrency projects, including Chainlink. It has been listed on many large and small cryptocurrency exchanges, including the biggest one by trading volume – Uniswap, OKX, Gate.io, Huobi, etc.
This week, Floki was listed by the popular banking app Revolut, thus getting exposure to a massive amount of customers. It has also partnered with Alchemy Pay. Aside from that, Floki has its own virtual prepaid cards with a $5,000 limit that can be loaded with FLOKI tokens.
FLOKI price prediction 2024 – 2026
At the time of writing this material, FLOKI is trading at $0.0001883 after a daily price decline of 6% (data shared by CoinMarketCap). It reached an all-time high of $0.0003437 on November 4, 2021 and is currently trading 45% below this historic peak.
Experts believe that the highest price the meme coin FLOKI may reach this year is $0.000236. The minimum price in 2024 is predicted to be $0.000210. As for 2025, predictions come to be more optimistic.
Analysts expect FLOKI to break above $0.000414 in December next year or at least hit $0.000347. 2026 is predicted to be even more successful for this prominent meme cryptocurrency with the coin spiking to $0.000596 in December to show a 289.5% growth.
