Floki Inu To Outpace Doge, WIF & BONK as Interest In The Token Renews

Juhi Mirza
Floki Inu
Source: Pixabay

Floki Inu is the latest surging meme coin that has joined the popularity queue as institutional interest in the token spiked to new levels. The meme coin has lately been attracting new consumers and has been introducing a new range of product offerings to tempt lure users into the space.

Also Read: Top ADA Analyst Predicts Reasons For Cardano’s Inevitable Spike To $3

Floki Inu’s Recent List Of Collaborations

Floki Inu Now Accepted as Collateral for Lending on Venus Protocol
Source: StormGain

Floki Inu, launched in 2021, has been capturing the hearts of cryptocurrency enthusiasts soon after its launch. The token has been one of the most robust meme coins to have entered the space in a while. Unlike other meme tokens, Floki has adopted a rather aggressive stance when it comes to scaling its ecosystem-related functionalities.

Per a recent announcement, Floki Inu will now be scaling its operations in Vietnam, which is dubbed as one of the trending crypto hubs in the world. Floki’s push into Vietnam will be aimed at roping in nearly 21 million into its thriving ecosystem.

Other than that, the token has also recently unveiled a telegram trading bot. The bot, launched in May 2024, intends to simplify the crypto trading mechanism to help investors avail smooth access to the web3 system. Alongside that, the bot will also be playing a pivotal role in burning Floki Inu tokens to aid the token in managing its supply and demand metrics.

“The Floki Trading Bot charges a 1% fee on every trade and uses FLOKI as its main utility token: 50% of this fee buys and burns $FLOKI, while the rest goes to the Floki Treasury. This will enhance the utility of the FLOKI token while accelerating its deflation.”

Floki Encounters A Surge In Institutional Interest

Floki Inu’s Philanthropic endeavors have also fetched credible traction for the token to entertain and bask in. The token has recently announced its desire to build schools around the world, boosting its prospects to new levels.

At the same time, the token has recently availed funding from DWF Labs. The token has received nearly $12 million in light of significant key offerings that the token has lately been working aggressively towards.

Also Read: Saudi Arabia Ditches US Dollar, Will Settle Oil Payments in Yuan, Euro

The token’s thriving ecosystem developments are also compelling users to take note of the token. Floki’s recent product milestones are indicative of its impending success and growth as the token looks forward to outpacing WIF, BONK, and Doge in ecosystem development pursuits

Floki Inu: June Forecast

Basking in such thriving new milestones, Floki Inu is on the verge of a future potential breakout. Per CoinCodex, the token may spike by 200% by the end of June, given that it continues to attract heavy user volume and institutional interest.

“According to our current Floki Inu price prediction, the price of Floki Inu is predicted to rise by 230.82% and reach $ 0.000688 by July 14, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 74 (Greed). Floki Inu recorded 13/30 (43%) green days with 13.77% price volatility over the last 30 days.”