Floki Inu was born by fans and members of the Shiba Inu community after Elon Musk, AKA DogeFather, revealed that he was naming his new pet dog, of the Shiba Inu breed, ‘Floki’. The idea of creating a new crypto coin came into existence after this revelation from Elon Musk. Boxer Tyson Fury has also recently promoted FLOKI on Twitter. The roadmap of FLOKI is to become a top 10 marketcap crypto project and a leader in the NFT gaming sector.
Here we’ll look at how to buy Floki Inu, and the best exchanges and brokers you can expect to find the coin available on.
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How to Buy Floki on Binance
- Choose a cryptocurrency exchange – we recommend Binance
- Create an account
- Search for ‘Floki Inu’ in the platform
- Select your payment method
- Enter how much Floki Inu you want to buy
- Confirm your trade
Best Broker to Buy Floki Inu (FLOKI) in the UK
Below we’ve reviewed the best exchanges and brokers for buying Floki Inu (FLOKI), list the pros and cons of each of them. Binance came out on top as the best answer for those looking for where to buy Floki Inu.
1 – Binance
Binance is the world’s largest cryptocurrency exchange by daily transaction volume, with over $20 billion in deals per day. It gives you access to hundreds of assets and a smooth trading service that makes it simple to make money.
The advantages of Binance are pretty astounding. The trading commission is a 0.075%, which is extremely low. Expert traders can use sophisticated tools, including futures and margin trading, and the exchange offers a variety of deposit and withdrawal methods. When you combine this with Binance’s high liquidity, it’s easy to see why it’s so popular.
Binance, on the other hand, is a crypto-only exchange. The exchange also charges high credit card transaction fees, and the primary portal isn’t particularly user-friendly. Furthermore, the Binance interface is not particularly user-friendly for newcomers. However, we can buy the vast majority of cryptocurrencies listed on Binance, giving you the most versatility.
Users can use a variety of payment methods to buy Floki Inu on the Binance exchange.
Pros & Cons of the Binance platform:
- Very good liquidity
- Exceptional security features
- Professional traders have access to sophisticated products.
- Credit card deposits have high fees.
Your Capital is at Risk
2 – Coinbase
Coinbase is among the most well-known cryptocurrency exchanges in the United States, and it’s one of the world’s largest. Nonetheless, keep in mind the risks of trading these speculative currencies. Coinbase, the largest cryptocurrency trading platform in the United States, was founded in 2012 in San Francisco.
Coinbase became the first crypto trading company in the United States to be listed on a US exchange in April, with an IPO priced at roughly $86 billion. While bitcoin brokerages are not covered by the Securities Investor Protection Corporation or SIPC, Coinbase covers its site for any losses incurred due to theft or hacking.
FLOKI is not currently accessible for trading, but you can add it to your watchlist, read news, and do other things with a Coinbase account.
Pros & Cons of the Coinbaseplatform:
- It provides access to over 50 cryptocurrencies.
- A low minimum is required to fund an account.
- In the event that a website is hacked, cryptocurrency is protected.
- Higher fees than other cryptocurrency exchanges.
Your Capital is at Risk
3 – Bitfinex
Bitfinex is a popular cryptocurrency exchange where users may buy, sell, and trade a wide variety of digital coins. The platform, which is situated in Hong Kong, was first established in 2012.
Because the platform provides a good selection of chart analysis tools, intermediate and expert traders are the most likely to use Bitfinex’s trading area.
Other than cryptocurrencies, the only payment option supported for depositing and withdrawing funds is a bank transfer. Bitfinex, like Coinbase, is one of the few platforms that allows you to short cryptocurrencies and use leverage trading tactics.
Founders – Bitfinex began as a peer-to-peer Bitcoin exchange in December 2012, providing digital asset trading services to consumers worldwide.
Giancarlo Devasini has been Bitfinex’s CFO since 2013 and has played a key role in the company’s growth. Giancarlo Devasini began his career as a physician, earning a Doctor of Medicine degree from Milan University in 1990.
Is Bitfinex regulated?
Bitfinex Securities Ltd., a provider of blockchain-based investment products, has opened its regulated investment exchange in the AIFC (Bitfinex Securities), with the goal of enhancing members’ access to a broad range of financial products. Thus, Bitfinex isn’t regulated in any way. The corporation is based in Hong Kong and is registered in the British Virgin Islands.
Fees and deposit limits – Bitfinex charge a 0.1% fee on deposits via bank transfer. For example, if you deposit $10,000, you will be charged a fee of $10. If you deposit using cryptocurrency, you will be charged a modest fee, determined by the individual coin you use to fund your account.
Fees for withdrawals – Bitfinex charges a 0.1% fee on withdrawals via bank transfer. If you require funds within 24 hours, you can pay a 1% expedited fee. Alternatively, bitcoin withdrawal costs differ by coin.
Pros & Cons of the Bitfinex platform:
- Established since 2012.
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Suitable for experienced traders.
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Over 100 coins are supported.
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Bank wire deposits and withdrawals are accepted.
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There is no regulation.
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US citizens are not accepted.
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Expensive trading fees
- Hacked on more than one occasion
- Support team only available via email
Your Capital is at Risk
4 – KuCoin
KuCoin, founded in 2017, is a global cryptocurrency exchange that offers its eight million members a variety of trading options. Spot, margin, futures, and peer-to-peer trading, as well as lending and staking, are all examples.
KuCoin claims to provide the highest level of security and a cryptocurrency variety of around 400. It is a user-friendly exchange with a simple layout despite its extensive functionality.
In addition, Kucoin exchange has some of the lowest costs in the cryptocurrency business.
Founders – Johnny Lyu is the Co-Founder and CEO of KuCoin, one of the world’s most popular cryptocurrency exchanges. KuCoin has evolved to become one of the most popular cryptocurrency exchanges, with over 8 million registered users from 207 countries and territories worldwide.
KuCoin raised $20 million in round A funding from IDG Capital and Matrix Partners in November 2018 and was listed as one of the Best Crypto Exchanges of 2021 by Forbes Advisor in 2021.
KuCoin Deposit – There is only one option when it comes to depositing and withdrawing money from Kucoin. You will need to fund your cryptocurrency account because the network does not accept fiat currency.
- Only cryptocurrency deposits and withdrawals are accepted.
- Payments via debit/credit card, bank account, or e-wallet are not accepted.
Trading Fees – Kucoin’s trading fee structure is pretty straightforward. The platform charges 0.1 percent to both makers and takers, making it one of the cheapest cryptocurrency exchanges online. If you own the platform’s native Kucoin Shares tokens, you can further minimize your fees.
Pros & Cons of the KuCoin platform:
- User-friendly exchange
- Low trading and withdrawal fees
- Vast selection of altcoins
- Ability to buy crypto with fiat
- 24/7 customer support
- No forced Know Your Customer (KYC) checks
- Ability to stake and earn crypto yields
- Complicated interface for newbies
- No bank deposits
- No fiat trading pairs
Your Capital is at Risk
5 – Bybit
Bybit exchange is run by Bybit Fintech Limited, a firm based in the British Virgin Islands. Bybit Exchange is a popular Singapore-based peer-to-peer (P2P) bitcoin and cryptocurrency futures exchange. The exchange displays its cryptocurrency and finance specialists staff in the about us section.
The Bybit team includes ex-Morgan Stanley employees, Tencent, and other well-known organizations, all of which can be found on LinkedIn.
Bybit exchange primarily provides perpetual futures products with 100:1 leverage. This suggests they’re attempting to compete with established exchanges like Binance and Phemex, who provide similar non-expiry futures contracts.
While there are several similarities between the exchanges, Bybit has certain distinct advantages over its competitors. For example, when we discuss their trading technology, we shall touch on these features.
Most traders from all over the world may use the exchange, and the platform has been translated into English, Chinese, Korean, Japanese, and Russian; however, there are some jurisdictions where Bybit does not operate, such as the United States, Syria, and the Canadian province of Quebec.
Founders – Ben Zhou founded the company in March 2018. Before becoming the exchange’s CEO, he was the general manager of a forex brokerage business called XM. Ben Zhou assembled an a-team of investment banking and fintech experts who had previously worked for Alibaba, Tencent, Morgan Stanley, and other well-known companies.
This is why the Bybit exchange now includes blockchain professionals and seasoned currency traders. With over 3 million registered members, Bybit is one of the fastest-growing cryptocurrency exchanges.
Trading – BTC, ETH, EOS, XRP, and USDT are the five cryptocurrencies supported by Bybit. By default, each asset will have its wallet, but Bybit will calculate your overall equity in BTC.
If you have any of the above coins stored differently, you can transfer them to your Bybit wallets and begin trading with them. You can use the Fiat Gateway to buy crypto with Bybit. The Fiat Gateway accepts Bitcoin, Ethereum, and USDT, as well as 45 fiat currencies such as the US dollar, Australian dollar, Euro, and GBP
Market takers are charged 0.075%, while the maker fee is -0.025%. So it means when a market maker opens a trade, they will get paid to do this. This very competitive fee encourages market makers to be active and make the order book.
Pros & Cons of the Bybit platform:
- Up to 100x leverage on crypto
- Advanced tools supported by great technology
- Risk-free test environment to learn and experiment
- Educational resources
- Not available in the US
- Crypto derivatives are extremely risky
- Not suited to spot trading
- May share your data with third parties for marketing
Your Capital is at Risk
What is Floki Inu (FLOKI)?
Floki Inu was developed under two blockchains, Ethereum and Binance Smart Chain, to enable cheap, fast, and safe transactions for its users. The cryptocurrency has been listed on some smaller cryptocurrency exchanges, including UniSwap (v2), PancakeSwap (v2), 1inchexchange, and Gate.io under the ticker FLOKI.
The total supply of FLOKI tokens is fixed at 10,000,000,000,000, and all of the tokens of Floki Inu have been distributed in the trading cycle. However, more than 30% of tokens are locked in the Burn Tokens smart contract, which means these tokens are excluded from the supply cycle. The combined market cap of FLOKI is $704,45M, and the total circulating supply of FLOKI is 9.2T coins.
The best feature of the Floki Inu token is that the coin has been designed as a deflationary token, which means the holders of cryptocurrency can earn rewards just for holding it. The negative inflation feature makes it unique as there is no need for holders to do anything except watch their wallet amounts get higher by simply having the cryptocurrency FLOKI in their wallets. This automatic reward system makes it more appealing to risk-averse investors, and it is possibly the main reason behind the increased number of holders in the community, with more than 110,000 Floki Inu holders.
The project team behind Floki Inu is reportedly working on creating a whole ecosystem known as “Floki’s Yard,” which will enable the friends of FLOKI to come by and support its growth with smart tokenomics. In other words, FLOKI holders can benefit from the new friends (coins) created by Floki Inu Team. These new coins will support the already existing holders of FLOKI if they get involved with the new coins.
FLOKI’s Progress So Far
Floki Inu was issued on August 8, 2021, making it one of the most recently launched cryptocurrencies. However, despite being a new cryptocurrency, the token FLOKI is overgrowing due to its community’s efforts. Recently, FLOKI has secured listings on two other exchanges, named Hotbit.io and AOFEX. Both are leading digital asset platforms, and the launch of FLOKI on these platforms is evidence of its growing popularity and demand. A few days back, a leading asset platform, MEXC, put FLOKI/USDT under the Assessment Zone with a FLOKI deposit and trading contest.
Floki Inu roadmap 2024
The team behind FLOKI has come up with an interesting idea to promote their coin and thank Floki community by launching a Deposit and Trading Contest with 214,000,000 FLOKI to be won. This contest will be executed on the MEXC platform, and the exchange reserves the absolute right to interpret.
The team at FLOKI is reinforcing the use of meme cryptocurrency as a payment method, and to do so, they have acquired various partnerships. In August 2021, FLOKI partnered with a multipurpose crypto marketplace, Curate, to further solidify its position as a meme with utility. The partnership will allow FLOKI tokens to be used as payment on Curate’s platform once its physical market is launched. Apart from Curate, Floki Inu has also secured partnerships with CryptoCart and XCUR, enabling Floki holders to buy from 1700 merchants.
FLOKI Work on Bringing Mainstream and Blockchain Gaming Together
The team behind FLOKI is working on bringing mainstream and blockchain gaming together in a metaverse through Valhalla. A team of 11 people is working on the project, and plans are to expand the number of people to 20 t fast-track the development. This innovation, once built, will enable gamers to earn on the blockchain. Some similar features can be seen in the game Axie Infinity. Valhalla will be able to create upgradable NFTs with the help of a gardening system introduced in the game. The system will be developed with the collaboration of Kimbal Musk’s Million Gardens Movements. The FTs created there in the shape of crops can be sold either in the game or directly to fellow players.
The project Floki Inu is the only crypto project that is an official partner of the Million Gardens Movement, initiated by the brother of Elon Musk, Kimbal Musk. In September, Floki Inu formed a strategic partnership with ICO Pantera, a leading growth accelerator in South Korea. ICO Pantera is a leading cryptocurrency company in South Korea. It is also a significant marketing group for top exchanges like OKEX, Kucoin, and MEXC.
The partnership was made to help FLOKI break into the highly competitive crypto market in South Korea and to form a strategic base for FLOKI’s NFT gaming Metaverse, ProjectX: Valhalla. South Korea ranks number 4 in terms of gaming revenue of about $6 billion annually, and it has long been one of the most important markets in the cryptocurrency space.
Apart from this, the Floki Inu team has revealed its marketing goals, which involve very targeted and aggressive marketing campaigns. The team has already contracted to spend more than $1,500,000 in marketing. The team has signed an enormous contract to advertise and introduce the Floki Inu coin to the mainstream media by exposing London’s underground transport network and billboard buses in downtown LA.
FLOKI Price History
FLOKI is a relatively new cryptocurrency in the market with almost two years of history. The cryptocurrency was launched in August 2021 and started with a trading price of $0.000004. However, it managed to garner huge popularity in a few months, mostly due to its community and the tweet from Elon Musk. He posted a photo of his pet named Floki with the caption “Floki Frunkpuppy” which was why the Floki project was inspired.
Due to its popularity, FLOKI prices soared and hit an all-time high in November 2022. FLOKI’s all-time high of $0.00036 was higher than its initial price by tens of times. After the correction process, FLOKI Inu was also affected by the huge crash that affected the whole cryptocurrency market. The price of the crypto dropped below $0.00001. However, FLOKI has regained its value in the last few days, and it is currently traded several times higher than its initial listing price.
Will the Price of Floki Inu (FLOKI) Go Up in 2024?
Considering the fundamental analyses of the Floki Inu project, several factors can lead to its price increase. FLOKI is not simply a meme cryptocurrency, but it is also designed to provide fast, cheap, and secure transactions for its users. The Floki team partners with several platforms, such as CryptoCart and Curate digital marketplaces, where the coin can be used to buy goods.
Meanwhile, the Floki Inu team is working on many flagship projects, which can also increase FLOKI’s popularity and the demand for the coin. The most promising projects of Floki Inu include an NFT gaming metaverse called Valhalla, an educational platform called the University of Floki, an NFT marketplace known as FlokiPlaces, and a suite of decentralized finance products launched under the “FlokiFi” umbrella.
Some of the latest Floki Inu price predictions
Floki also stands out with a good marketing campaign, with the team setting aside a $2 million supply for marketing purposes. Besides, the project has a large community on social media with more than 400,000 followers on Twitter, 36,000 members on Telegram group chat, and thousands of subscribers on different social media platforms, including Instagram, Youtube, TikTok, etc.
According to its website, there are more than 420,000 FLOKI holders right now. The continuous increase in the number of FLOKI holders indicates the potential for price growth and provides a better future outlook for the cryptocurrency.
Floki Inu (FLOKI) Line Chart – Coinmarketcap
The technical analysis for the FLOKI cryptocurrency is also quite promising. The technical indicator of Price Prediction’s platform shows that the maximum value for the coin can reach $0.00009883, while the average trading price for the coin is expected to be $0.00008629.
Floki Inu (FLOKI) Mining: Can You Mine FLOKI?
No, the coin can not be mined like other cryptocurrencies. But, FLOKI creation is done through a traditional deflationary model, which reduces the supply of tokens and increases the coin value. A certain percentage of tokens are burned in each transaction, which makes FLOKI a hyper-deflationary token.
Floki Inu (FLOKI) vs. Other Cryptocurrencies
Floki Inu (FLOKI) vs. Ethereum (ETH)
Floki Inu was first issued on the Ethereum network as an ERC-20 token, however, a fresh version was just released on Binance Smart Chain as well. Both networks serve as major nodes for valuable decentralised finance (DeFi) applications such as Uniswap.
The Ethereum network’s programs and services all require computational power to function (and that computing power is not free). Besides, Ether is a payment method used by network users to pay for the services they want from the network.
Floki Inu (FLOKI) vs. Bitcoin (BTC)
The coin was developed under two blockchains, Ethereum and Binance Smart Chain, to enable cheap, fast, and safe transactions for its users. The cryptocurrency has been listed on many famous cryptocurrency exchanges, including UniSwap (v2), PancakeSwap (v2), 1inchexchnage, and Gate.io under the ticker FLOKI.
On the flip side, Bitcoin uses peer-to-peer technology to manage transactions and issue new bitcoins without a central authority or banks. The network as a whole is in charge of these tasks. Anyone can participate in Bitcoin because it’s open-source and nobody owns or controls it. Several Bitcoin’s unique qualities enable it to be used in ways no other payment system has been able to.
Floki Inu Price Predictions: Where Does FLOKI Go From Here?
Floki Inu is a highly volatile cryptocurrency with significant price swings. Because of its small market capitalization of roughly $208 million, its price is highly volatile. Floki is substantially smaller than its doggie cousins, Doge and Shiba Inu, at the time of writing, but it is one of the most popular meme coins. Dogecoin is currently the ninth-largest cryptocurrency, with Shiba Inu close behind in the top twenty.
Floki Inu (FLOKI) Daily Chart
After hitting an all-time high in November 2021, FLOKI’s value significantly suffered due to the general state of the whole crypto market. During 2022, FLOKI even dropped as low as $0.000005. However, the cryptocurrency has been reviving in the last few days. Let’s take a look at FLOKI’s price predictions made by the technical indicators and discover how it will perform in the next few years.
Floki Inu Price Prediction for 2023
Our in-depth technical analyses indicate that the price of the Floki Inu cryptocurrency is expected to increase during 2023. The average trading price of the coin will be $0.00000966, but it can increase to as high as $0.00001089 and drop as low as $0.00000933.
Floki Inu Weekly Chart
Floki Inu Price Prediction for 2024
Floki Inu’s value will keep increasing over 2024, and it is expected to reach a maximum of $0.00001636. The minimum price of the cryptocurrency can reach $0.00001365, and its average trading price is expected to be $0.00001404.
Floki Inu Predictions for 2025
2025 seems to be promising for Floki Inu too, as our technical indicators show that its average trading price is expected to be $0.00002040. Floki Inu can reach a minimum of $0.00001984 and a maximum of $0.00002337 during 2025.
There are also some emerging alternative meme coins in the sector such as Love Hate Inu that could also perform well and be competitors to FLOKI.
Summary
The team behind FLOKI is working on bringing mainstream and blockchain gaming together in a metaverse through Valhalla. A team of 11 people is working on the project, and plans are to expand the number of people to 20 t fast-track the development. This innovation, once built, will enable gamers to earn on the blockchain. Some similar features can be seen in the game Axie Infinity.
Valhalla will be able to create upgradable NFTs with the help of a gardening system introduced in the game. The system will be developed with the collaboration of Kimbal Musk’s Million Gardens Movements. The FTs created there in the shape of crops can be sold either in the game or directly to fellow players.
If you’re ready to take the plunge to get in on the action, you can complete your crypto journey using our recommended broker, Binance. It only takes a few minutes to get your account set up and ready to purchase Floki Inu (FLOKI). You can also margin trade Floki Inu (FLOKI) on Binance.
You should also remember the following:
- Investing in and trading Floki Inu (FLOKI) requires substantial research and time.
- Floki Inu (FLOKI) is an extremely risky investment.
- Invest just what you can afford to lose.
- Only use registered brokers and exchanges when trading or investing.
- You should also consult review sites and online specialists for their thoughts on Bitcoin.
Your Capital is at Risk
FAQs
Floki is supported at the $0.000065 level, extended by a triple bottom pattern. Typically, a triple bottom pattern triggers a bullish bounce-off in the market. So, keep an eye on the $0.000065 level and follow risk management strategies to profit from your trades. Still, there's always a risk that the market can move against you when you are investing. So make do your research before placing any positions.
There are a couple of reasons to consider Floki Inu a good investment. First, the project is developing and building partnerships with multiple platforms to boost the usability of the FLOKI token. It also launches flagship projects which shows that Floki Inu is not just another meme coin project created simply for hype. Plus, the technical indicators show that FLOKI’s value is expected to grow in the next few years. Still, Floki Inu is a volatile and risky asset to invest in, and you must be cautious about your investment and consider the risks of losing your money.
Floki Inu (FLOKI) is still not as widely used as Bitcoin. However, there are an increasing number of stores that are now accepting it. In any case, you can always convert Floki Inu (FLOKI) into other cryptocurrencies like Bitcoin, Ethererum, or Tether to make payments online.
Many investors and cryptocurrency enthusiasts have been asking themselves this question recently, especially since a new cryptocurrency has sparked predictions that it has the potential to be the next Shiba Inu. The main goal behind FLOKI is to be a top 10 crypto project and the de-facto leader in the NFT gaming sector. Thus, it's safe to invest in it. However, we recommend not to put all your investment in one basket.
If Floki Inu hit $0.01, its market capitalization would be approximately $100 billion, making it the third-largest cryptocurrency today. Floki Inu could potentially hit $0.01 if it achieves mass usage, but it will most likely take longer than 5 years. Any risks in buying Floki Inu (FLOKI) now?
Should I buy Floki Inu (FLOKI)?
Where can I spend my Floki Inu (FLOKI)?
Is it safe to buy Floki Inu (FLOKI)?
Will Floki Inu (FLOKI) ever hit $0.01?
