Will Floki Inu Overshadow Shiba Inu in 2023?

Floki Inu has gained more popularity than Shiba Inu and Dogecoin in recent times

In recent years, the world of meme coins has seen an unprecedented surge in popularity, and one cryptocurrency, Dogecoin, has emerged as the frontrunner in 2021. Consequently, many other meme coins, including Shiba Inu and Floki Inu, have joined the fray to challenge Dogecoin's position and have captured the attention of millions of investors worldwide. But recently, it seems that Floki Inu wants to take over from Shiba Inu and become the second in command of meme coins. Known for its excellent utility and strong community, Floki Inu is gunning for the second position on the meme coin chart.

In this article, we will discuss how Floki will overshadow Shiba Inu in 2023.

Importance of Shiba Inu

Shiba Inu, a cryptocurrency that took inspiration from Dogecoin, made its debut in August 2020, and it has achieved remarkable success ever since, reaching a peak market capitalization of $10 billion. The cryptocurrency's passionate community is well-known for its enthusiastic support, which is evident from the abundance of discussions on social media platforms like Reddit and Twitter regarding the coin's potential. Moreover, the community has organized various initiatives, including charitable donations to animal shelters, to demonstrate their unwavering dedication to Shiba Inu.

Floki Inu (FLOKI) Roadmap

Phase 1 of Floki Inu (FLOKI) is complete as the token has been re-launched without significant bugs, launched on BSC, and listed on CMC. Thanks to Elon Musk's tweet, phase 2 is almost completed as Floki Inu surpassed 90,000 holders.

Phase 3 and Phase 4 include creating decentralized applications & games, forging major partnerships, hosting giveaways, donating $100k+ to dog shelters, and reaching 150,000 holders, among other goals.

Can Floki Inu's Success Be Attributed To A Game-Changing Strategy?

In June 2021, Floki Inu was launched, named after Elon Musk's Shiba Inu, to follow in the footsteps of Shiba Inu and become the next prominent meme coin. Like Shiba Inu, the Floki Inu community is highly active on social media and online forums. To promote its coin, Floki Inu has collaborated with numerous high-profile influencers, including Lil Yachty. However, the coin's value has been highly volatile, dropping by as much as 90% at one point.

Will Floki Inu Beat Shiba Inu?

If you are wondering if Floki Inu can become the reigning meme coin, here are a few reasons why it might:

For one, Floki Inu has gained more popularity than Shiba Inu and Dogecoin in recent times. It was named after Elon Musk's pet dog, Floki. In 2021's bull run, Floki Inu outshone Shiba Inu in popularity, prompting investors to shift their attention to it after it saw an impressive 600% increase in just a few days.

Floki packs a lot of utility. It has its play to earn NFT in the metaverse called Valhalla, NFT collections, and an NFT and merchandise marketplace, just to mention a few features.

Floki Inu Price Prediction for 2023

Floki Inu is one of those meme coins that rewarded early investors handsomely. With over 700% returns in a couple of days after its release, Floki Inu left the entire industry in disbelief. Investors are wondering if we've seen the last of this rewarding meme coin or if there is still some upside to it.

While the entire industry is gearing up for a most anticipated bull run, Floki Inu, in addition to this, has technical indicators signifying impending bullish momentum in the coin. These bullish pointers have bolstered the hopes of Floki Inu investors, and the number of holders is increasing by the day.