Floki Inu (FLOKI) is a cryptocurrency that was created in response to a tweet by Elon Musk. In the tweet, Musk stated that his dog would be named “Floki.” This sent waves throughout the crypto community and led to the creation of the Floki Inu cryptocurrency and many other copycats.
FLOKI has a market capitalization of over $10 billion and is one of the most popular cryptocurrencies in the world. It is based on the Shiba Inu (SHIB) token and shares many similarities with it. However, there are some key differences between FLOKI and SHIB that investors should be aware of.
Difference Between FLOKI and SHIBA
One of the biggest differences between FLOKI and SHIB is that FLOKI has a much smaller supply. There are only 10 billion FLOKI tokens in circulation, compared to 1 trillion SHIB tokens. This makes FLOKI much rarer than SHIB, which could lead to increased demand and price appreciation in the future.
Another key difference is that FLOKI was designed to be used as a currency, whereas SHIB was created as an investment token. FLOKI has faster transaction times and lower fees than SHIB, making it more suitable for everyday use.
Investors should also be aware that FLOKI is a newer cryptocurrency than SHIB and thus comes with more risk. However, the potential rewards of investing in FLOKI may be greater as well. Those who are willing to take on more risk may find that FLOKI is a promising investment.
Since hitting an all-time high in December 2017, Floki Inu prices have dropped more than 70%. This may present a buying opportunity for believers in the coin, but many investors see dog-themed cryptocurrencies as a bubble that has already popped.
Floki Inu was one of the many “dog coins” that emerged in the months after Bitcoin’s price surged to nearly $20,000. These coins were often created as simple clones of Ethereum or other existing blockchain platforms, with little to no actual innovation or utility.
Many people saw these coins as nothing more than speculative vehicles, and indeed, most of them have lost the vast majority of their value since peaking in early 2018. Floki Inu is down over 90% from its all-time high and is currently trading at around $0.30.
However, some people believe that Floki Inu (and other dog coins) still have potential. The team behind the coin has been working on developing actual use cases for the platform, including a decentralized exchange and a social media platform.
If these projects are successful, it could lead to increased demand for FLO and drive up prices. However, there is no guarantee that any of these projects will actually be successful, and many people remain skeptical of dog coins in general.
Investors should carefully consider whether they believe there is actual utility behind Floki Inu before buying any coins. Those who do decide to invest should only do so with money that they are prepared to lose.
History of Floki Inu
Floki Inu is a project that hopes to offer more than just a meme coin. The team behind the coin is hoping to use it for in-store purchases and their own marketplace, Flokiplace. The coin is also the only project to partner with Kimbal Musk, brother of Elon Musk. The partnership is aimed at tackling food insecurity worldwide through the Million Gardens Movement. Initially listed for less than millionths of a cent, the coin soared over 250,000% in September 2021.
Floki Inu (FLOKI) is a relatively new cryptocurrency that has seen significant price appreciation in 2021. The token hit new all-time highs in October 2021 but has since retraced alongside the general cryptocurrency markets. While there is a chance for floki gravity coin to recover, most investors would agree that it is much riskier than a major cryptocurrency like Bitcoin or Ethereum.
How and Where to Buy Floki Gravity?
Follow these steps to buy Floki:
If you’re looking to purchase FLOKI, Gate.io is one of the best places to do so. Creating an account is quick and easy, and funding your account is simple as well. Once you have an account funded, you can start buying FLOKI –– and other cryptocurrencies –– right away. So why wait? Get started today on Gate.io.
If you’re in the U.S., you’ll need to send Ethereum tokens to a cryptocurrency wallet in order to trade floki gravity coin. Some popular wallets include Robinhood, eToro, and Crypto.com. Once your ETH is in your wallet, you can use a decentralized exchange like Uniswap to swap it for FLOKI.
Buy Online Wallet
There are a few different types of wallets you can use to store your FLOKI tokens. If you’re buying them on an exchange, you may not need a wallet at all. However, if you’re holding onto your FLOKI tokens for long-term investment, or plan on using them frequently, it’s best to store them in a software or hardware wallet.
Software wallets are free and easy to use. The most popular software wallet for Uniswap is Metamask, which can be downloaded for free from the Google Chrome app store. Metamask allows you to hold multiple different types of tokens, and even swap between them easily.
Hardware wallets are physical devices that look like USB drives. They’re considered to be the most secure way to store cryptocurrency, as they’re offline and not vulnerable to hacking. However, they can be more expensive than software wallets.
If you’re not sure which type of wallet is best for you, there are plenty of resources online that can help you decide. Once you’ve chosen a wallet, make sure to follow all the instructions carefully to set it up correctly.
If you want to purchase FLOKI, you can do so by swapping it with USDT on the Gate.io exchange. To do this, navigate to the FLOKI/USDT pair and select the amount of USDT you want to swap for FLOKI. Once you have executed the trade, your MetaMask wallet will be linked to the Uniswap interface and you will be able to see your balance.
Trade FLOKI on Uniswap
To trade or convert your FLOKI, navigate to the pair of FLOKI and the desired token on Uniswap. The list is very short, however, so there is a likelihood you will not find the pair you are looking for. Once you have located the trading pair, you can do the same process you used to swap for FLOKI to convert it back to either ETH or USDT.
Remember, Floki is a very new cryptocurrency and is thus much riskier than more established coins like Bitcoin or Ethereum. If you’re looking to invest in Floki, make sure to do your research and only invest what you can afford to lose.