Floki Inu Bark Attracts BSC And Ethereum Whales – Can It Go Near $0.001?

Christian Encila

1 year ago

2 mins read

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Dog-themed meme currency Floki Inu, named after Elon Musk’s Shiba Inu dog, is attracting Ethereum and Binance Smart Chain whales after receiving speculative market interest on Friday.

On social media, Shiba and Floki followers engage in a heated debate over an ad for their respective dog-themed cryptocurrency.

This may have been good news to FLOKI as Ethereum and BSC whales began to show interest in the cryptocurrency.

According to data aggregator portal WhaleStats, FLOKI is currently among the top 10 tokens acquired in the last 24 hours by 1,000 of the biggest ETH and BSC whales out there today.

Bearish Movement

Floki Inu is trading at $0.000038 on Friday, down 3.8%, with a low of $0.00003697 and a high of $0.00003967.

The crypto has a trading volume of $4,559,495 in the past 24 hours.

According to live market data, the asset price has been climbing in the last few months and has become a crowd favorite in cryptocurrency markets.

However, the crypto is showing bearish movement. In Friday’s intraday chart, market swings derail Floki Inu, leading to a negative trend.

Floki Inu Forecast

Based on market trends and analysis, the price of FLOKI has greater room to either rise or fall in the near future.

Although it has risen somewhat due to recent market trends, it is currently trading below the baseline.

Because of recent price declines, the current sentiment of Floki traders is “fear,” which, in the short term, could affect its price in a negative way.

Some market observers anticipate the price of Floki Inu to continue to drop in the coming days.

If support at $0.00004 is not broken, Floki may fall as low as $0.00003, if not lower.

If support at $0.00004 is not breached, Floki might rise as high as $0.00005 this month.

Considering the current price remains stable in the following weeks, Floki may see a positive breakthrough.

After all, the crypto is aiming for $0.001 once again.

10 Trillion Tokens

WalletInvestor’s optimistic stance on Floki Inu remains the same. The token is still seen as a profitable one-year investment by the platform.

According to its forecast, Floki prices might increase in percentage in the next five years.

If this is correct, a $100 investment in the crypto today might be worth $1,535.62 in February 2027.

As for DigitalCoinPrice, it predicts a lucrative year for the crypto.

Bullish price predictions are apparent due to its value stability which is seen to rise as the market activity of Floki Inu grows.

Meanwhile, Floki Inu has a colossal token inventory, with the creators confirming a maximum supply of 10 trillion tokens.

Its designers believe this is achievable since it outperforms other cryptocurrencies like Shiba Inu and Dogecoin in terms of utility.

Featured image from Yahoo! Finance, chart from TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.