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Another dog-memecoin has found itself surging in popularity among top cryptocurrencies. Currently trading at a fraction of a cent, many investors continue to ask the same question about these memecoins — Will Floki Inu reach $0.01?
What is Floki Inu?
Floki Inu is a ERC-20 smart contract on the Ethereum blockchain, more commonly referred to as a “memecoin” or “shitcoin.” This is because tokens like Floki Inu are launched with the purpose to grow exponentially off of social “hype” from the launch. These memecoins do not necessarily provide any unique protocols or any utility, as the developers often make all the decisions for these projects.
Floki Inu Market Capitalization
The current market cap of Floki Inu is roughly $2.5 billion, currently trading around $0.0002 per Floki Inu token. This is a relatively large market cap for such a low price per token. If price theoretically did climb to $0.01, that would increase the total market cap to $125 billion. This would put Flocki Inu at the #3 top cryptocurrency by market cap.
Can Floki Inu Hit $0.01?
Theoretically there is the slight possibility that Floki Inu could reach $0.01, with a tremendous amount of trading volume and increased capitalization. Although the realistic outcome would be Floki Inu will never reach $0.01. A $2.5 billion market cap is a lot of money for a token that does nothing; it is hard to imagine investors will want to continue buying a token with no utility. Also keep in mind this is one of many dog themed coins, all with no real utility or purpose. There is nothing about Floki Inu that makes it stand out from other projects.
How to Buy Floki Inu
There are many different options when it comes to purchasing altcoins like Floki Inu. You can purchase Floki Uni on Gate.io or use a decentralized exchange like Uniswap to swap another…
