Floki Coin: Elon Musk's And His Dog That Shook The Crypto World

It all started with just a single tweet Elon Musk, announcing that he would be adopting a new dog, and his name would be FLOKI. Just a simple tweet like that triggered the internet and caused an internet sensation that we called the FLOKI coin today. Seizing the hype of this tweet, the developers behind the FLOKI coin took advantage of this commotion to create a new dog-themed token. By the time FLOKI entered the Musk household, the FLOKI coin was already trading on the market.

Using virality to serve the community

But unlike other dog coins, FLOKI swore to be more than just a MEME. The philosophy behind the project can be summarised into one simple sentence: to serve its customers and community through the virality of memes. This vision would be rolled out in three areas: First, the FLOKI coin envisions itself to be the most well-known and widely used cryptocurrency globally; second, the FLOKI coin created an ecosystem of games and, market place and utility where the FLOKI coin would be the main currency of trade; and lastly, engage in charitable work to make a real world change for society.

Sustaining the hype through new partnership and marketing gimmicks

Despite its initial success, the FLOKI team continues to pursue new developments to strengthen its ecosystem. Some of the newer developments include a Beta version of its trading bot. The bot's primary features include multi-chain support, seamless trading capabilities and transparent fee structure. Users can execut trades swiftly on Ethereum, BNC, and Base Blockchains, bypassing the cumbersome interfaces of traditional decentralized exchanges. It allows FLOKI holders to trade any token on the BNB Chain network.

Other than its Telegram trading bots, it has also secured for itself sports partnership. To name a few, FLOKI has become the sleeve sponsor for Spanish soccer team Cadiz CF and also appeared on the Alfa Romeo F! Team ORLEN cars in 2022 throughout the season.

The last noteworthy development of the FLOKI coin is its financial and ecosystem expansion. As of today, the FlokiFI platform has a total value locked of $110.56 million secured through 2,372 locks. Furthermore, it supports 16 different blockchains and has locked 86 NFTs.

Should you invest in a MEME coin that fluctuates like that?

In recent times, Meme coins have been making the news due to its major fluctuations on the crypto market. Just on Monday, many media outlets covered how the price of the FLOKI coin has dropped by a whopping 7%. Despite the price fluctuation, experts have shown optimism for the FLOKI coin, predicting that the coin will rebound later into the year and continue to grow going into 2025.

I personally feel that the FLOKI coin is worth the buy because unlike other meme coins whose fate is at the mercy of the internet and how much hype it is getting from the internet, the FLOKI coin is actively engaging its consumers and innovating new marketing strategies to retain the hype of the coin. For this reason, I believe that the FLOKI coin might be here for the long haul and has the potential to top the charts in the long run.