Floki coin is one of the newest entries to the list of meme coins. The coin was not in the spotlight until Elon Musk’s tweet on June 25 that drew attention towards FLOKI. While there is a limited amount of information available on the internet about FLOKI, you can check out our complete guide to buy the Floki coin easily. However, it is important to first analyze if this new meme coin is worth your investment or not. Today, we will have a close look at Floki coin price prediction and review the forecast to help you decide your next move.
Elon Musk And Floki Coin
Crypto users are well aware of Elon Musk’s crucial role in determining the direction of the cryptocurrency market. The moment he tweets in favor or against a particular cryptocurrency, the market price of that particular crypto rises or drops as a consequence. Let’s not forget the Tesla owner’s emoji tweet against Bitcoin. Not only the BTC market crashed, but the impact also reached down to the other cryptocurrencies.
This time, Elon Musk tweeted about a meme coin that many of the crypto users were unaware of. Soon after the tweet, the price of Shiba Inu (SHIB) jumped by 25% in a few hours. More interestingly, the price of the Floki coin also jumped up by 3500%.
Floki Coin Price Prediction
It is important to know that lesser-known cryptocurrencies are typically highly volatile. This is due to the small number of majority crypto holders responsible for dictating the price. While this may be true, let’s also not forget that Elon Musk almost endorsed the Floki coin in his tweet.
Keeping this picture in view, we can foresee an increasing user interest as well as a rising price chart for the coin. Although currently priced at $0.00000140, Floki coin is observing an increase in user interest predicting a relatively safe and dependable playground for long-term investors.