FLOKI, a community-led meme coin, shows a huge price spike on CoinMarketCap
Floki Inu is another dog-related meme coin to experience a huge price spike this week, with an increase of a staggering 24,000% reported by a market aggregator. This kind of price surge doesn’t come around every day, so if you want to capitalise on an insane rally, you might want to investigate this opportunity further.
If you want to buy FLOKI tokens today to experience this surge, keep on reading to find out how to buy Floki Inu today.
How & where to buy Floki Inu in the UK and elsewhere
To buy Floki Inu today, you’ll want to sign up with a reputable platform that also offers low fees. We’ve shortlisted two of the best below—both have earned a solid reputation and offer a smooth, seamless trading experience. Once you’ve created an account and made a deposit, you can trade all of the top coins today.
We advise readers to avoid decentralised exchanges (DEXs), because although they offer a wide range of coins, they are not regulated by the relevant financial authorities, and as such, they offer no protection in case of frauds, scams, or hacks. Stick to regulated platforms wherever you can.
As FLOKI is such a new asset, it’s yet to be listed on major exchanges. You can still purchase FLOKI using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy FLOKI right now, follow these steps:
1. Buy BNB on a regulated exchange or broker, like Binance ›
We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the SushiSwap DEX
Head to SushiSwap, and ‘connect’ your wallet to it.
4. You can now swap your BNB for FLOKI
Now that you’re connected, you’ll be able to swap for 100s of coins including FLOKI.
What is Floki Inu?
Floki Inu is a meme coin, in the same vein as Dogecoin, Baby Doge Coin, Shiba Inu, and Dogelon Mars. The coin is steeped in crypto meme lore, and incorporates memes such as Elon Musk, “to the moon”, and of course the Shiba Inu dog breed.
Meme coins aim to tap into viral trends to catapult the token into the stratosphere. Such tokens sometimes have a short shelf life, but can reach heights unattainable by conventional projects due to the rapid influx of interest that is endemic to their ilk.
Should I buy FLOKI today?
Floki Inu has shot up in price due to a flash crash yesterday followed by a rapid recovery, according to its CoinMarketCap page. If this is indeed what happened in the actual market, FLOKI may have gathered serious momentum. Such “bounces” often catalyse a protracted upside move, and FLOKI could be one such case.
FLOKI is currently priced at $0.000005857, and with an uptrend in the works, the canine meme coin is marching back to its August high around $0.000007616. If it can break through this resistance level, a move towards FLOKI’s all-time high of $0.00001412, set in early July, could be the next chapter in the coin’s story.