To trade or convert your FLOKI, navigate to the pair of FLOKI and the desired token. 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. Floki Inu is down over 70% from its all-time high prices. 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. To make the decision for yourself, read more to find out what exactly Floki Inu is and how you can buy it today.
- It operates on both the Ethereum blockchain and Binance Smart Chain.
- It has been a bad investment for almost everyone else so far.
- Hardware wallets offer an extra level of security as opposed to software wallets, but they cost money while software wallets are typically free.
- Floki Inu was a fantastic investment if you bought in early enough and sold near the top.
Initially listed for less than millionths of a cent, it soared over 250,000% in September 2021. To check Shiba Floki’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
Contract Address
Holders are given rewards for storing the token, similar to coins like SafeMoon. These rewards are mostly given to the largest wallets, presenting a pyramid-scheme like structure. The coin currently has over 100,000 holders, with a market cap over $1 billion. Looking to get exclusive insights, recent news, and cryptocurrency trade ideas?
Price increases have been the result of their social media presence instead of actual progress. Floki Inu was created shortly after Elon Musk tweeted that his Shiba Inu would be named Floki. The movement is aiming to tackle food insecurity worldwide.
Trade, Sell or Convert your Floki Inu (FLOKI)
You must open and fund an account on a centralized exchange like Robinhood, eToro and Crypto.com and purchase ETH there. Hit send, and your ETH should be in your wallet within a few minutes. MetaMask is a wallet that allows you to store, send and buy cryptocurrencies. When you open a MetaMask account, you will be assigned an Ethereum wallet address, and you can add other tokens via the wallet’s interface.
Dog coins seemed to outperform the general market, with Shiba Inu, Floki Inu, and other memecoins up over 100%. Since then, however, most cryptocurrencies are trading below their all-time highs –– and by a lot. 2022 has been a bearish year thus far, but many blockchain enthusiasts are still bullish on the asset class on a macro time frame. For the most up to date crypto prices, check out our table below.
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Benzinga has a free newsletter that updates investors on the state of the cryptocurrency markets each Friday. Sign up for access to exclusive crypto airdrops, never-before-seen interviews, and our take on the hot crypto markets and how to navigate them. This bullish price action went through the end of October with FLOKI seeing new all-time highs. However, the token retraced alongside the general cryptocurrency markets in December 2021 and heading into 2022. While there is a chance for Floki to recover, most investors would agree that Floki Inu is much more risky than a major cryptocurrency like Bitcoin or Ethereum.
- When you open a MetaMask account, you will be assigned an Ethereum wallet address, and you can add other tokens via the wallet’s interface.
- Plus, the digital asset was rug pulled by previous developers that have since left the team.
- To trade or convert your FLOKI, navigate to the pair of FLOKI and the desired token.
- To check Shiba Floki’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
It’s returns have been massive, but it’s unlikely that cryptocurrencies surviving off hype will be viable long-term investments. Floki Inu was a fantastic investment if you bought in early enough and sold near the top. It has been a bad investment for almost everyone else so far. This could, change however, if it recovers its hype and its price skyrockets again. The project has not delivered on any of the large promises they have made. Plus, the digital asset was rug pulled by previous developers that have since left the team.
Shiba Floki Price Summaries
To sell, you can take the other token, such as USDT or ETH, and send it back to your centralized exchange. USDT is the most widely supported and therefore the easiest to use. Once the USDT is in your centralized exchange, you can convert it to USD and deposit it in your bank account. Hardware wallets offer an extra level of security as opposed to software wallets, but they cost money while software wallets are typically free. However, these goals are unlikely to happen anytime soon. They want to make a platform that is useful and easy to use while creating a close-knit community of token holders.
Floki Inu is a cryptocurrency memecoin that entices risk-tolerant investors with its low price per token. It operates on both the Ethereum blockchain and Binance Smart Chain. The project has huge ambitions, including a Tesla giveaway and $100,000+ in charitable donations. The project is also looking to do work in the NFT sphere, helping with the distribution of NFTs in their own blockchain-based video game. October 2021 proved to be a great month for cryptocurrencies.
