FLOKI Rallies with 100% Over the Week
FLOKI serves as the foundation of the Floki Ecosystem, a utility token created by the Shiba Inu community and inspired by Elon Musk’s Shiba Inu, Floki. It plays a vital role in various projects within the ecosystem, such as Valhalla, an NFT gaming metaverse, FlokiFi decentralized finance products, FlokiPlaces NFT and merchandise marketplace, and the University of Floki educational platform. Initially started by an anonymous developer who abandoned the project, FLOKI is now a decentralized community-driven initiative with over 400,000 holders in its first year, establishing itself as a prominent player in the crypto industry.
FLOKI’s Price Today
FLOKI is currently trading at $0.0002723, with a trading volume of $668,209,103.43 over the course of a day. This indicates a price gain of 115.72% over the last seven days and a decrease of -1.97% over the last 24 hours. With 9.7 trillion in circulation, FLOKI has a market capitalization of $2,648,400,557.
Technicals
Currently, it has broken all previous resistances and is aiming for new ATH, just it is facing resistances on Hourly time frames which came into being as there was selling pressure. For nkw good thing is it is still having bullish momentum, which can lead to breaking of hour resistances and again making new ATH.
FLOKI/USDT chart shows a bullish breakout from a consolidation rectangle, hinting at a possible opportunity for a long entry. It is recommended to have medium confidence while waiting for confirmation, like a retest of resistance-turned-support or a rise in volume. A trading plan could include going long after confirmation and setting an exit target based on the consolidation pattern’s height projected from the breakout point.
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Price History
Over the past week, FLOKI has experienced a significant upward trend, resulting in a remarkable 115.72% increase. The recent display of strong potential makes it an enticing opportunity for investment.
In the previous month, FLOKI’s price has skyrocketed by an impressive 750.3%, contributing an average of $0.0020 to its current value. This sudden surge indicates the potential for FLOKI to establish itself as a reliable asset if its growth persists.
The all-time low price for FLOKI was $0.00000002, documented on Aug 09, 2021 (over 2 years ago). In comparison, the current price is 329,154.71% higher than the lowest price ever recorded.
The maximum fee paid for FLOKI is $0.0003365, which became recorded on Nov 04, 2021 (over 2 years). Comparatively, the current price is 17.54% lower than the all-time high price.
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Price Prediction
According to crypto analysts, the average FLOKI rate is predicted to be $0.000236 in March 2024, with minimum and maximum prices estimated at $0.000216 and $0.000243. The potential ROI is calculated at -9.7%.
Conclusion
FLOKI, the utility token of the Floki Ecosystem, has recently experienced significant growth, currently priced at $0.0002723. In the last week alone, it has surged by 115.72%, showcasing promising investment opportunities. Boasting a community of over 400,000 holders and multiple projects within its ecosystem, FLOKI has solidified its position as a key player in the crypto market. Despite encountering some resistance, it continues to exhibit bullish momentum and is aiming for new record highs. Analysts are forecasting an average price of $0.000236 by March 2024, with potential for further expansion.
