Live Chart Floki

USD/FLOKI Price

Current Market Capitalization

Today, the Floki Inu price is around $0.000169 USD. With a 24-hour trading volume of $188,032,084 USD, Floki Inu ranks #51 on CoinMarketCap, boasting a market cap of $1,621,003,828 USD. This meme coin has captured significant market interest, riding the waves of popularity alongside Dogecoin and Shiba Inu.

Historical Price Trend

Floki Inu has seen its share of ups and downs. After hitting an all-time high of $0.00035, it plummeted by 54% from June 5. Currently, the price is testing the 200 EMA on the daily chart, a crucial indicator. Immediate support levels stand at $0.000165 and $0.000157. A breach below these could spell further downside.

Trading Volume Insights

With a trading volume of $188 million in the past 24 hours, monitoring this metric against historical averages helps gauge market interest. A surge in volume often points to increased investor attention, while a dip might suggest waning interest.

Key Factors Driving Price Movements

Recent declines in Floki Inu price were triggered by technical factors, including breaches of key support levels and changing market sentiment. The Ichimoku Cloud baseline was once a stronghold but has since been breached, pushing the price lower. The 200 EMA remains a critical long-term indicator.

For insights into other cryptocurrencies, check out this Polkadot (DOT) price prediction.

Developers and Influencers

Floki Inu’s development team includes prominent figures such as BPeta, Byte Capital, Sabre, MrBrown Whale, and Jackie Xu. Their involvement and influence play a significant role in shaping the project’s direction and community engagement.

Total Supply and Circulating Supply

Floki Inu has a total supply of 9.7 trillion tokens, nearly all of which are in circulation. This vast supply impacts the tokenomics and price dynamics, making it essential for investors to keep track of circulation metrics.

Upcoming Events and Milestones

While specific upcoming events aren’t detailed, staying informed about project announcements is crucial. Any significant updates or partnerships could influence the Floki Inu price.

Sentiment on Social Media and Online Communities

Currently, social media sentiment for Floki Inu leans bearish, with the Fear & Greed Index showing a neutral reading of 47. Monitoring platforms like Twitter and Reddit can provide valuable insights into community mood and potential price movements.

For more on social media trends, explore this piece on The Elon Musk Crypto Phenomenon.

Risks Associated with Investing in Floki Inu

Investing in Floki Inu comes with its own set of risks:

• Volatility: Price swings can be dramatic.
• Lack of tangible assets: As a meme coin, its value relies heavily on market sentiment.
• Regulatory uncertainties: Changes in regulations could affect its adoption.

Performance Compared to Other Cryptocurrencies

Floki Inu’s performance is influenced by various factors, including adoption and overall market sentiment. While comparisons to other meme coins like Dogecoin and Shiba Inu aren’t provided here, keeping an eye on its performance relative to these peers is essential.

Regulatory Considerations

As a meme coin, Floki Inu primarily derives its value from supply and demand dynamics. While specific regulatory concerns aren’t widely discussed, potential regulations could impact its value and adoption.

Common Criticisms and Concerns

Floki Inu faces criticism due to its similarities to other meme coins:

• Utility: Critics argue that meme coins often lack real-world use beyond speculation.
• Tokenomics: The 8% transaction tax and burning program have both supporters and detractors.
• Whale Influence: Large holders can significantly impact price dynamics.

For a look at other altcoins, check out this Vechain (VET) price prediction.

Market Interest Compared to Other Cryptocurrencies

Floki Inu’s market interest has surged due to its meme status and community backing. It competes closely with other meme coins like Dogecoin. Monitoring social media trends and investor sentiment is crucial to understanding its market position.

Notable Whales and Their Impact

Whales, or large holders, play a significant role in the Floki Inu market. Their buying or selling actions can cause noticeable price fluctuations. When whales show confidence in FLOKI, it can attract more retail investors, further impacting the price.

Projected Price Targets

• Short-term (2024): Estimates range from $0.000132 (Benzinga) to $0.000219 (Changelly).
• Long-term (2030): Projections include $0.000279 per token (CoinPedia) and $0.000449 (DigitalCoinPrice).

For price predictions in the meme coin world, explore Can Dogecoin Reach $10,000?.

Conclusion

Floki Inu remains an intriguing player in the cryptocurrency landscape. Its price dynamics, influenced by market sentiment and technical factors, make it a coin worth watching. Engage with the community, stay informed, and always be ready for the rollercoaster ride that is the Floki Inu price. For insights into other cryptos, see this analysis on SEI price.