Floki Inu's Highest Price Surge in 27 Months, Up 69%! Here's the Analysis

Bittime- Floki Inu (FLOKI)priceis hot. This memetoken experienced a price jump of up to 69% in the last week, which is predicted to be the highest increase in the last 27 months.

Floki Inu Price Increase Factors

This drastic price increase is predicted to be driven by the following factors.

1. Increase in Total Value Locked (TVL)

The total value of digital assets locked in the FlokiFi Locker ecosystem reached an all-time high of $148.8 million. FlokiFi Locker is a crypto locker protocol that uses FLOKI as its main utility token. Overall, the TVL of the Floki Inu ecosystem currently stands at $756 million, also a record high.

2. Token Burning

The Floki Team announced the successful burn of 190.91 billion FLOKI tokens on the Ethereum network and BNB Chain. This brings the total value of tokens burned to over $47 million. This token burning aims to reduce the number of tokens in circulation and potentially increase their price.

3. Crypto Whale Transactions (Whale)

Twitter accounts associated with Dogecoin reported large purchases of FLOKI tokens by crypto whales. This transaction was valued at $512,176.59, and was followed by a similar purchase of $707,476 the day before.

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Why is Floki Inu's price increase important?

Floki Inu managed to steal attention amidst the recent sluggish meme coin rally. Some important points to note:

• Floki Inu was the best performer in the meme coin sector on Monday.
• FLOKI's trading volume jumped to $2.1 billion, surpassing the combined trading volumes of Pepe ($1.59 billion) and Bonk ($450 million).
• Floki Inu's Total Value Locked surpasses its competitors, such as Dogecoin, Shiba Inu, and Dogwifhat.
• Crypto and stock investor Jelle, who is sponsored by Floki, believes Floki has the potential to be the next “memecoin king”, as Bitcoin strengthens.
• Floki Inu has surpassed Dogwifhat in market capitalization and has the opportunity to capitalize on the bullish momentum.

Also Read: What is Dogwifhat (DOGWIFHAT)? Digital Financial Transaction Solutions

Overview of Floki Inu Prices Today

Source: Bittime

The graph above is an overview of today's Floki price taken from the Bittime market. There are three indicators that can be seen from the graph above, namely stochastic RSI, MACD, and Bolinger Band, all three of which are reference indicators to look at when trading a crypto token .

Floki price has fluctuated greatly in the last 24 hours. If you refer to the chart from Bittime above, in USDT, the current price of Floki is 0.00027097.

This means that there is a real time increase of +0.37% currently. However, this price condition will certainly change very quickly and you can monitor it regularly via Bittime for Floki Inu .

Also Read How to Buy Crypto:

Conclusion

The significant increase in the price of Floki Inu has attracted the attention of investors. However, it is important to always be careful and do your own research before investing in volatile crypto assets like meme coins.

How to Buy Floki Inu (FLOKI) on Bittime

You can buy and sell Floki Inu (FLOKI) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Floki Inu (FLOKI) is available on Bittime with the market pair FLOKI/IDR . To be able to buy FLOKI IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Floki Inu (FLOKI) on Bittime . 

Monitor the price chart movements of Floki Inu (FLOKI) , Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

What is FLOKI (FLOKI)? Get to Know This Memecoin Inspired by Elon Musk

FLOKI Burns Tokens Worth IDR 494 Billion, What's the Impact on the Price of Floki Inu?

FLOKI INU Bullish, When is the Right Time to Take Profit?

DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.