Floki Inu price prediction: What next for the meme token?
The meme token spiked last year, but what is the latest Floki Inu price prediction?
Contents
- The Floki Inu whitepaper
- The saga of FLOKI: In the beginning
- Unexpected price jumps
- Floki Inu price rise
- Floki drops another zero, but then falls to the bears
- Future momentum?
- FLOKI price prediction
- FAQs
Floki Inu and its token, FLOKI, is a relatively new coin. It first came onto the market in the summer of 2021, after the news that Elon Musk, Tesla CEO and Dogecoin enthusiast, had bought one of the Japanese breed of dogs called shiba inu (inu – 犬 – is Japanese for dog) and called it Floki.
Despite its value as a meme coin, and the fact that its creators appear to be anonymous, Floki Inu has attracted a fair number of devotees already.
The coin promises quite a lot, but how has it behaved since coming onto the market, and can we make a Floki Inu price prediction? Can Floki Inu recover? First, let’s take a look at the fundamentals of the cryptocurrency.
The Floki Inu whitepaper
According to its 14-page whitepaper, the “Floki ecosystem is a community-powered ecosystem that aims to give people control of their finances through four key utility offerings”. Those four offerings are:
- the Valhalla NFT Metaverse Game;
- the Floki University Crypto Education platform;
- DeFi; and
- the FlokiPlaces.
Floki University, according to the whitepaper, is “FLOKI’s attempt to fill the crypto education gap for the next billion users that will be discovering crypto in the coming years – all while creating awareness for the FLOKI token”.
The token is available on more than one blockchain. The whitepaper says: “Each blockchain FLOKI has its own strong points that allow the FLOKI ecosystem to thrive on it.”
As of now, FLOKI is available on:
- Ethereum; and
- Binance Smart Chain.
More importantly, it has this priceless Elon Musk tweet that continues to work in its favour…
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The saga of FLOKI: In the beginning
As one might expect from a meme coin, the initial price was extremely low. On 10 July 2021, it was worth $0.00000361 at the start of the day.
The next day saw an intraday high of $0.00000463, before it dropped to a low of $0.0000031. In truth, the first few weeks of the coin’s existence did not see very much movement at all.
Part of this was down to the crypto’s relative obscurity and part of it was down to the aftermath of the great crypto day crash of 19 May.
Prices were down over the summer, so it makes sense there would not be dramatic growth for a brand new cryptocurrency. At this point, the Floki Inu price prediction could well have been a pretty unimpressive one.
Unexpected price jumps
Things got a bit more interesting towards the end of July. As the crypto market started to recover, more people returned to investing in crypto, meaning there were more customers for the FLOKI coin. This was reflected by some price jumps.
For instance, on 28 July 2021, the intraday high was just $0.00000296 but on 30 July it was $0.00000594, meaning the coin doubled over the course of two days. It was this sort of behaviour that started getting people interested.
In August, things began to pick up for the dog coin. By the second day of the month, it was hitting a high of $0.00000776 before closing out at $0.00000728. While it was not all plain sailing from there – 3 August 2021 saw an intraday low of $0.00000434 – things were moving upwards.
The process took a little bit of time, with the coin spending much of the middle of the month hovering around $0.000005, but a zero was taken away on 29 August when the coin closed the day at $0.00001304.
Floki Inu price rise
There was better news to come. In September 2021, the price grew as more people got involved and there was a real curiosity about both Floki Inu price predictions and the coin itself.
Initially, FLOKI stayed between $0.00001 and $0.00002, but there was gradual growth followed by a leap. On 12 September 2021, it opened at $0.00001686 but then rose by more than 117% to close the day at $0.00003663.
This behaviour was certain to garner investors’ attention and the price went up over the next few days, reaching a high of $0.00007023 on 16 September 2021. There was then some circling down and it closed the month at $0.00004942.
October 2021 was another time of growth for FLOKI. While the majority of the month was spent at similar levels to September, whether it was the presence of advertising on the London transport network or something else entirely, there was soon some absolutely stratospheric action going on.
Floki drops another zero, but then falls to the bears
On 27 October, Floki Inu opened at $0.00005621, but it then boomed to reach a high of $0.0001147 before dropping slightly to end the day at $0.0001066.
This meant that not only had it gone up by more than 86% over the course of the day, it had dropped another zero from its decimal figure, psychologically crucial for investors who may be wary about spending money on a coin worth a fraction of a cent.
There was some more expansion in the price, with FLOKI reaching a high of $0.0003437 on 4 November, but by late November it had fallen to $0.000126.
On 28 November a bull run began, with the coin hitting $0.00022 on 3 December. However, this brief recovery was short-lived and by 6 January 2022, the coin was worth $0.00008425, plummeting to $0.0001643 in a sharp, one-day spike on 27 January, before recovering to $0.00006068 on 7 February. On 2 March 2022, the coin was trading at $0.00004660.
Toward the end of the month, there was some positive Floki Inu price movement as macro headwinds signalled that the bears’ dominance over the market might be over. Bitcoin rose by more than $10,000 over the course of two weeks, and the total value locked into the crypto market passed $2trn. Floki Inu’s price movement saw a 50% increase from its lowest opening price in March.
For most of April, the token traded sideways, but devastating crashes in May and June sent the crypto markets into freefall. By 18 June 2022, the token was trading at $0.000004875, a new nine-month low. However, towards the end of July, and August, the token was trading well above the $0.00001mark, by these trading prices could not be maintained. By 1 September, and at the time of writing, the token was worth $0.0000098.
Is FLOKI a dead coin, or will the bulls make a return?
Future momentum?
Before we get to the various Floki Inu price predictions, one thing to note is the very small fractions of a cent that make up the coin’s value.
There would have to be significant growth – a percentage increase of over 100,000%, as of 1 September 2022 – before it would reach even the one-cent barrier. While that is not impossible, it is unlikely to happen in the short term.
However, FLOKI can still be worth well under a cent and, potentially, make a profit for its investors. Compared with where it was in July 2021 (an all-time low of $0.000000084280), the token has risen by over 11,500%.
Its peak value so far has been its all-time high of $0.0003437, which it achieved on 4 November 2021, but since that price point the coin has lost 97% of its value.
FLOKI price prediction
All percentage figures provided are proportionate to the token’s value at the time of writing, $0.0000098. Do bear in mind that digital forecasters use algorithms to make their predictions. While useful as a reference, they do not take into account certain fundamental factors and external market volatility.
With that out of the way, let’s look at some FLOKI price predictions…
PricePrediction suggests a value of $0.00001693 (up 70%) by December this year. In 2023, the yearly average is expected to be around $0.00002557 (up 160%), and $0.00005777 in 2025 (up 490%). In the longer term, the site forecasts a value of $0.00034274 in 2030 (up 3,397%) and $0.00049314 in 2031 (up 4,932%).
DigitalCoinPrice makes a FLOKI coin price prediction for 2022 of $0.0000129 in December (up 31%). In 2023, the site suggests an average value of $0.0000142 (up 45%), and $0.0000143 in 2024 (up 46%). The site’s FLOKI price prediction for 2025 is $0.0000189 (up 93%), suggesting a steeper uptrend that year. The site’s FLOKI price prediction for 2030 is around $0.0000450 (up 360%).
Out of the 26 metrics used by DigitalCoinPrice to suggest a strategy, ten suggest a sell strategy (longer-term SMAs and EMAs, etc) and five suggest a buy strategy (RSI and VWMA, etc). Eleven suggest a neutral strategy, or to hold.
Finally, in a very bullish short-term forecast, BusinessToCommunity states: “Despite a 90% correction since December 2021, Floki Inu has the potential to grow further for the rest of the year. Floki Inu is predicted to reach a maximum price of $0.0000196 and a minimum price of $0.0000186 by the end of 2022.”
FAQs
Is Floki Inu a good investment?
It might be. Floki Inu has certainly performed very well since it was launched, with a current fully diluted market cap of more than $100m.
That said, you do need to be cautious. Cryptocurrencies are highly volatile and prices can definitely go down as well as up. You will need to do your own research, and never invest more than you can afford to lose.
How high can Floki Inu go?
This is a matter of pure conjecture. The absolute highest forecast we have is PricePrediction.net’s forecast, which is a value of $0.00049314 by 2031 (an increase of nearly 5,000% over the course of nine years). Other sources claim the meme coin is reliant on hype and unlikely to be a viable long-term investment, with some sources listing it as a deadcoin.
As it stands, it makes sense to be cautious. The highest forecast is noted as the absolute highest the algorithm thinks it can reach, not a genuine representation of the Floki Inu price in the future. Algorithms are not representative of all market conditions and you will need to do your own research.
Should I buy Floki Inu?
This is a question we cannot answer – it is entirely a matter for you to decide.
Before making that decision, you need to do your own research. Remember that prices can go down as well as up, and never invest more money than you can afford to lose.
