The meme coin market has sparked an interest in the cryptocurrency community. With some meme coins shooting up multiple folds, it's about time we look at the latest meme coin, FLOKI Inu.
The FLOKI Inu coin is the latest entrant in the meme coin race. Birthed by community members and fans of the successful meme coin Shiba Inu, the coin is the utility token of the FLOKI ecosystem comprising the famous play-to-earn NFT metaverse called Valhalla and a tokenization platform called TokenFi among many others.
The meme coin is able to differentiate itself from others by the use of real utility. FLOKI Inu has been able to land multiple strategic partnerships. The flagship product seems to be their NFT gaming metaverse, Valhalla. Comprising creatures called Vera, the game incorporates the successful elements of Pokemon and Skyrim. The project unlike most other projects is decentralised and community-run.
The coin is currently trading at $0.0002171 which is up by a staggering 500% in the last month. In the short run, the coin seems to be performing not as well with a dip of about 10% in the last 24 hours.
Another coin called the BEFE coin seems to be a clear competitor to FLOKI Inu. The FLOKI Inu community has grown to a staggering 500K+ members which seems to be the reason for some saturation. The BEFE coin community however has grown to 40K+ which although lower seems to have great bullish holders. Moreover, the BEFE coin also has a simple staking utility while the FLOKI Inu coin seems to have a more complicated utility with heavy dependence on the ecosystem and the game.
The tough competition between the two coins has investors speculating BEFE to perform well due to its smaller community and ability to grow.
FLOKI Inu is at multiple centralized exchanges like Binance and OKX and also decentralized exchanges like Uniswap and 1inch. It is also important to remember the risks these meme coin investments carry and it is thus advisable to DYOR before investing.
The meme coin craze seems to be following the successes of Shiba Inu and Doge. Experts have laid their eyes on FLOKI Inu which seems to have had great success rising from the Shiba Inu community. Experts have also noted a serious competitor in the BEFE coin.
To know more about BEFE, Visit https://befetoken.com
Buy BEFE coin from the below exchanges now!
Buy on Gate.io – BEFE/USDT
Buy on MEXC – BEFE/USDT
Buy on Pancakeswap
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.