FLOKI Inu coin has surged recently, but has dropped this weekend falling 7.19 percent in the last 24 hours but what exactly is this coin, what does it have to do with Elon Musk and is this cryptocurrency on the rise?
Floki Inu coin is a project which claims to be a movement instead of a meme-coin. It is one of many dog-meme cryptocurrencies such as Shiba Inu and dogecoin inspired by the founder of Tesla Elon Musk. The multi-billionaire recently named his new Shiba Inu breed dog Floki, prompting the creation of Flokinomics, Floki Inu and Shiba Inu. This website examines the new coin and whether it is on the rise.
Floki Inu coin is a digital currency inspired by Elon Musk’s Shiba Inu breed dog which is named Floki.
The crypto’s website claims the coin was created by fans and members of the Shiba Inu community.
The website reads: “Floki Inu (FLOKI) is inspired by #DogeFather Elon Musk’s very own Shiba Inu.”
The digital coin’s platform also claims to be the only crypto project official partnered with “#DogeFather’s brother Kimbal Musk’s Million Garden’s Movement”.
The current price of Floki is at $0.0000604 according to CoinMarketCap – this is a drop of 7.61 in the past 24 hours.
Floki Inu coin has also surged in the past seven days, growing 11.87 percent.
The coin currently ranks as the 2774th most popular digital currency on CoinMarketCap.
The digital coin’s value jumped this week after the SpaceX creator tweeted an image of his dog Floki with the caption “Floki Frunkpuppy”.
Before Mr Musk’s tweet, Floki Inu was valued at around $0.000063, but after the tweet, it jumped to $0.000075.
Floki Frunkpuppy pic.twitter.com/xAr8T0Jfdf
The coin has been around for around three months now and during that time has grown by more than 2,000 percent.
The growth has already taken place which means it has attracted interest and has potential.
Flokinomics, Floki Inu and Shiba Floki are all meme-based cryptocurrencies that are seeing high spikes in value.
According to Benzinga, Flokinomics jumped 1425.27 percent in a 24-hour period with Floki Inu jumping 24.9 percent in 24 hours as well.
The Financial Conduct Authority issued a warning about crypto coins earlier this year.
In a statement, the FCA said: “Investing in crypto assets, or investments and lending linked to them, generally involves taking very high risks with investors’ money.
“If. “Brinkwire Summary News”.