Floki Inu is another crypto asset in the long line of meme coins that took inspiration from Dogecoin and Shiba Inu. Floki Inu – named after Elon Musk’s dog, Floki – is generating a lot of hype in the crypto markets – but should you buy FLOKI?
It’s easy for marketers to attract crypto enthusiasts – veterans and beginners alike – by building hype around new altcoins. Only some are worth buying though. In this guide, we’ll cover where to buy Floki Inu and if this new meme token is a good investment.
How to Buy Floki Inu – Quick Guide
Floki Inu has not yet been listed on many centralized exchanges (CEXes) on our recommended list of crypto platforms.
Due to FLOKI’s popularity, those sites may include it in 2024, so you might want to create an account on the ones mentioned above ahead of time to be prepared. CEX platforms are generally simpler for beginners to use compared to decentralized exchanges (DEXes) where Floki Inu is available, like Pancakeswap and Uniswap.
If you do use a DEX, follow the instructions on the official Floki Inu website to ensure you buy FLOKI tokens and not a project impersonating it.
Where to Buy Floki Inu – Best Platforms
Below we’ll take a closer look at Huobi, another centralized exchange LBank and Pancakeswap:
1. Huobi Global [HTX]- Best Way to Buy Floki Inu Right Now
Huobi added FLOKI on March 2, 2022, and is currently the best option for buying Floki Inu. Founded in China in 2013, it is a crypto trading platform that offers services to users around the globe. It quickly established itself as a key player in the blockchain world, ranking among the top crypto trading platforms in China.
After regulatory restrictions began in China it now operates from Hong Kong, South Korea, Japan and the United States. In the US, it is a top crypto exchange for saving accounts.
For those looking to use fiat currency to buy Floki Inu, Huobi is an easy-to-use choice, allowing you to buy crypto with a debit card, bank transfer and range of other payment methods. It supports over 400 cryptocurrencies alongside FLOKI.
Currently only a FLOKI / USDT trading pair is available to trade FLOKI. Users in the United States are redirected to HBUS, the USA facing version of Huobi.
Update – FLOKI has also now been listed on OKX, which is another trusted centralized exchange.
2. LBank – First Centralized Exchange to List Floki Inu
Founded in 2016, LBank is another Hong Kong based crypto exchange. It offers clients worldwide the ability to invest in a wide variety of crypto assets such as Lucky Block and also offers cryptocurrency asset management solutions.
LBank listed Floki Inu in September 2021. Since then, it has become favoured by many who want to invest in Floki Inu and other meme coins using their crypto assets.
Traders that use technical indicators on Tradingview for their technical analysis (TA) will recognise those from the chart below. Like Huobi, all Tradingview indicators are integrated and free to use.
Being strictly a cryptocurrency exchange, Lbank has no support for fiat currencies. Thankfully, it makes up for it by supporting 40 different cryptocurrencies and is continuously adding new ones at specific intervals. Regarding the trading fee, LBank has relatively low fees – charging only 0.1% per trade.
Since its inception in 2016, LBank has not gone through any hacking or loss of funds. It implements the latest technology the security industry offers, including SSL encrypted servers, cold and hot wallet storage for user funds, and two-factor authentication for logging in.
3. Pancakeswap – First Decentralized Exchange to List Floki Inu
PancakeSwap is one of the biggest decentralized exchanges with over $100 million in 24-hour trading volume. It launched in 2020 and became so popular among 
the crypto crowd that it eclipsed Binance DEX, its closest competitor, due to its simple-use-decentralized approach.
Being a truly decentralized platform, it uses cryptocurrencies to operate. To buy Floki Inu on Pancakeswap, you need to connect your Metamask or other crypto wallet and use your crypto assets to buy FLOKI.
Users need to click ‘connect wallet’, import the Floki Inu contract address, set slippage and click on swap.
However there are many fake listings of Floki Inu.
It’s safer to use Huobi or if you do proceed with a DEX like Pancakeswap (Uniswap exchange is another) then first visit Floki Inu’s official website, Floki.com, and follow the instructions there. They will give you the correct contract address and link to buy Floki Inu – so you don’t encounter scams.
What is Floki Inu?
Floki Inu is a meme coin – a cryptocurrency inspired by an internet meme. In this case, Elon Musk’s eccentric tendencies and naming his Shiba Inu breed dog Floki created this crypto asset.
When something has a meme foundation, it can be hard to take it seriously. But, such a mindset was removed after Dogecoin shook the crypto space. From starting as a meme, Dogecoin now has a market cap of over 18 billion dollars.
The same goes for Floki Inu. It might have a meme-atic beginning, but with its rapid strides to the Metaverse and rapid climb on the chart, it has truly become what the official whitepaper says – a movement.
Floki Inu’s success lies in how it embraced being a meme – leveraging popularity on social media and solving real-world problems with it.
It is an ERC -20 token based on the Ethereum blockchain and now has a fully diluted market cap of $318 million. When it comes to price, it is one of the flagbearers of inexpensiveness, having peaked at just $0.0003359 in November 2021. Arguably, Floki Inu has a huge token supply. The token makers – B, PetaByte Capital, Sabre and MrBrown Whale – claim a pool of 10 billion FLOKI coins floating in the Ethereum blockchain.
Floki Inu’s ecosystem is a wide one. Considering it is one of the best meme coins in the market, it has been trying way harder than its peers to create more utility for the users and thus, contains:
- Valhalla: A Play2Earn NFT Metaverse featuring upgradeable NFTs and high-level blockchain mechanics featuring battle systems, in-game characters items, ships and a gardening system.
- FLOKI University: A crypto education platform designed to make internet residents aware of the blockchain and the role of FLOKI in its ecosystem.
- DeFi: By tapping into chain-link price feeds, Floki Inu provides 400,000 $FLOKI holders access to DeFi.
Is Floki Inu a Good Investment?
The market right now is flooded with a variety of crypto coins. They all promise a better future for the coin holders and, overall, a better ecosystem. That being said, our research and our experience, backed by a few missteps in the crypto field, have taught us that without proper research, investing in crypto becomes a game dictated by luck.
And if you want to take a strategic approach towards your crypto investments, you must know whether it is the right choice to invest in certain crypto assets – especially in the case of meme coins, where the trajectory it takes is on the whims of the community’s feelings.
Fortunately, we have some points to consider if you want your next big crypto investment to be Floki Inu.
Metaverse Integration
Coins and NFTs hurtling towards the Metaverse is nothing new. But, few have forged a more consolidated path towards it. Floki Inu is one of them. Valhalla, its metaverse game powered by the $FLOKI token, claims to alter the paradigm of blockchain by introducing better play2earn mechanics.
As adoption increases, Valhalla will take a big chunk of $FLOKI tokens out of circulation and pour them into the ecosystem. Holders of Floki Inu will be able to purchase in-game assets such as weapons, lands, and ships and customize their characters.
Floki Inu Tokens are pretty popular on social media, and with the buzz surrounding the Metaverse, it can further grow in future.
Promoting Crypto Education
Experts say that most crypto coins act less like a currency and more like educational initiatives — trying to spread awareness about the blockchain space, and Floki Inu is not so different.
Currently, the stats say that only 300 million users across the globe are into crypto, which would make up a total of 6% of the total internet-using population. Therefore, it is easy to surmise that there is a need to create more awareness in this field.
Enters FLOKI University, an initiative headed by Dr Amanda Kavner. Aiming to fill the existing crypto-education gap, the university project will be a premier education platform, strategically introducing the crypto ecosystem to new users who will continue to learn about blockchain in years to come.
Secondly, the Floki Inu would be the primary utility token for FLOKI University. Even though the university lessons will be freely available, performing specific functions within the university would cost tokens.
Educating the masses is a significant endeavour, for it can widen the blockchain ecosystem by onboarding more enthusiasts. For those looking to invest in Floki Inu because they want to become part of a movement, such a cause echoes good investment.
Advertisement Partnerships and DeFi
Floki Inu has been partnering up with entities outside blockchain to gain real-world relevance. Recently, it has joined with SSC, a football club in Italy, to feature FLOKI’s logo in their stadium and their uniforms.
Also, to bring DeFi to hundreds of thousands of crypto holders, Floki Inu has joined hands with Inverse Finance. That partnership would allow the FLOKI Vikings – a slang given to FLOKI token holders – to stake their tokens and borrow against them.
The meme crypto asset has constantly fostered partnerships to bring innovations to attract beginners and veterans of the blockchain space.
Bearish Price Action
Despite all the positive points going for Floki Inu, its current trend is bearish. It is slowly following along the path of Dogecoin and Shiba Inu. But, since the bear market, Floki Inu’s price has only seen a rapid downward trend. Also, those in the crypto domains like Ian Bezek believe that Floki Inu and other meme coins are little more than a fad.
Although he holds that crypto-assets such as these are suitable for the short and medium-term, he also cynically points out that short-term coins like these would fail to make a lasting impact on people’s minds.
Floki Inu Price History
This is the pricing trajectory Floki Inu has taken since its launch:
- Floki Inu was launched in July 2021. And at the time of its inception, the price was $0.000004087. Within the next few hours, it experienced marginal – but significant growth – and reached $0.000005465.
- Over the next few months, it followed a rapid upward and downward graph, much akin to other cryptocurrencies. And then, on October 30th 2021, the price skyrocketed to $0.00029.
- What then followed was a sideways trend for more than a couple of days where the price remained between 0.00027 to 0.00023 mark.
- On November 4th 2021, Floki Inu price finally crossed the 0.0003 mark and peaked at its all-time high, $0.003539.
Since then, it has followed a downward trajectory, hitting several peaks and valleys along the way. Upon entering 2022, Floki Inu price came down to $0.0001069. On January 27th 2021, the coin hit its all-time low at $0.00001643. Although momentarily, it did make the market nervous – consolidating some cynical beliefs around the coin.
The current price shows new sideways trading levels, making Floki Inu an excellent market for those wanting to enter the blockchain space at a low price.
Floki Inu Price Prediction
As far as Floki Inu price predictions go, this cryptocurrency reached its all-time high in November 2021. It may retest that ATH but first it would need to establish a bullish uptrend.
If we go by the current price, the value of Floki Inu has to go up by a significant 12000% to retake its peak. It is a figure that, for now, seems to be far away, considering the coin is stuck in a sideways trading trend, slowly moving lower in valuation.
But, crypto assets are volatile, working in both negative and positive directions. Additionally, the initiatives Floki Inu has launched, including DeFi, Metaverse and a crypto-university, can put this meme coin back into the good graces of the blockchain crowd.
Update – the 2023 video above covers some of the latest FLOKI price analysis.
Ways to Buy Floki Inu
We have covered all the fundamental aspects of this cryptocurrency to help our readers decide whether Floki Inu can become a good investment for them. And now, we look at all the best ways to purchase this meme coin.
Buy Floki Inu using a Credit or Debit Card.
You can invest in Floki Inu via fiat currencies via a reliable crypto exchange.
All it requires is creating an account in a trusted exchange, depositing the required amount and starting trading. To buy Floki Inu, you can opt for Huobi.
As far as Huobi is concerned, it is not yet applicable to US customers.
Buy Floki Inu using PayPal
If you don’t want to enter your bank details to make the deposit repeatedly, you can connect your PayPal account to the crypto trading platform. In addition to being convenient, it will also provide you security by not requiring you to enter banking details directly.
Conclusion
Floki Inu has attracted a large following but not yet had an explosive pump or reached the valuations of other meme coins like Dogecoin and Shiba Inu.
To buy Floki Inu right now, you can do so at OKX, PancakeSwap, or LBank.
Another upcoming meme coin currently at the presale stage is Love Hate Inu, which has so far raised $7 million in seed round funding.
Wall Street Memes (WSM) - Newest Meme Coin
- Community of 1 Million Followers
- Experienced NFT Project Founders
- Listed On OKX
- Staking Rewards