Meme Coin Wars – Floki Inu Vs. Dogecoin And Shiba Inu

There’s an ongoing meme coin war and it pits a lesser known coin against two other well-entrenched cryptos in the space today.

Floki Inu ( FLOKI ), a meme crypto that was inspired by the chase of self-proclaimed “ Dogefather ” Elon Musk, is aiming to surpass Dogeoin ( DOGE ) and Shiba Inu ( SHIB ) .
That could prove to be easier said than done as it is losing to its boyfriend dog-themed cryptoccurencies in respective battlefronts. total market capitalization is one of these aspects and Floki Inu ’ s is world aside compared to DOGE and SHIB .
Of the three, Dogecoin has the highest market cap, valued at $ 8.4 billion. Its by-product token is somehow keeping up as Shiba Inu ’ s total capitalization stands at a small over $ 6.5 billion .
FLOKI finds itself in a distance that is very far from the two, as its marketplace cap is merely $ 70.2 million. In terms of current trade price, DOGE leads the pack. At press time, according to CoinGecko, it is trading at $ 0.062. SHIB is changing hands at $ 0.00001109 while FLOKI is at $ 0.00000754 .
Along these lines, Floki Inu needs to grow its commercialize capital 100x equitable to surpass Shiba Inu. But even after that, Dogecoin will silent prove to be a bigger challenge for the crypto .

FLOKI Price Action At A Glance

even with Floki Inu ’ s minimal measure, it ended up being one of the casualties of the holocene bearish mottle that plagued the crypto outer space.

Its price action chart shows the mint bottomed in June 2022 when it reached $ 0.0000048433 before making an impressive bullish rally, increasing its rate by 270 % to trade at $ 0.0000178931 .


 source : TradingView.com

however, FLOKI wasn ’ thymine able to sustain that run and addition, as it tipped below the crucial $ 0.0000135356 mark. Since then, it continued to decline and hasn ’ triiodothyronine been able to make any kind of convalescence .
The altcoin is in a precarious position as falling from its defend level of $ 0.0000075326 will mean downward price drift that will send it to another bearish rally .

Floki Inu: Origins And Immediate Goals

shortly after Elon Musk announced he was naming his chase Floki, an nameless team worked on the digital currency sharing the same name and finally launched it .
The Ethereum Blockchain-based Floki Inu was abandoned by its original developers after realizing there was an inflation bug in its initial token compress .
The Floki community did not give up on the asset and formed a team that revived the crypto which they claim is alone compared to other meme coins as it is able of combining memes and utility program .
True enough, the Floki Inu token is actually used to run the metaverse game known as Valhalla .
As for its immediate goals, FLOKI ’ s marketing head said over the future year, they ’ ll have more utility and holders than SHIB.

meanwhile, it will be matter to to see whether a new meme coin emerges to go neck and neck with Dogecoin and Shiba Inu in the coming bull market .
Will FLOKI muster enough firepower to beat DOGE and SHIB ?

SHIB total market cap at $5.99 billion | Featured image from Watcher Guru, Chart: TradingView.com
source : https://tin360.net
Category : COIN

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