- Elon Musk’s tweet on September 13 of his pet – Shiba Inu – with the caption ‘FLOKI has arrived’ led to the rise of the price of the coin by 1,000%.
- The price of the FLOKI Inu has witnessed a growth of more than 1,200% in a spate of just two and a half months – between August 1 and September 15. To put this price/value growth in perspective, this means that were you to buy $10 worth of FLOKI Inu on August 1, the price/value would have risen to a whopping $120 now.
About FLOKI Inu
FLOKI Inu is a meme coin that is backed by a community and inspired by one of the greatest tech influencers of our time : Elon Musk. FLOKI Inu is believed to have been created by an unknown person known as Ryoshi. It was created in August 2020. The rise in usage of the Floki Inu, its holders, supporters has incredibly grown, thanks in part to the support and backing of some prominent personalities like Elon Musk.
Meme coins are coins that are created with some themes like jokes, etc. rather than a concrete or tangible product. The first meme coin is Dogecoin which was launched in 2013. Other prominent meme coins are Shiba Inu and FLOKI Inu. In recent times, FLOKI Inu has gained a huge acceptance and holders who believe the coin has a huge prospect to rise in adoption, usage and hence value.
An important feature that makes FLOKI Inu a promising meme coin is its planned utilities which include:
- An NFT gaming Metaverse known as Valhalla.
- Ah NFT and merchandise marketplace, known as Floki Places.
- A content and education platform, known as Floki In University.
These utilities are ones that have huge prospects and prospective users that ultimately drives adoption and in turn the value of the coin.
FLOKI Inu Marketing Plan
The team behind the coin has mapped out strategies of how to get more users in the US especially and across the world. It plans to showcase its coin across the US leveraging the most-watched TV stations for whole month – Dec 1 – Dec. 31.
It plans to show on about seven prominent US TV stations (CNN, CNBC, ESPN, FOX News, Fox Business, Discovery and MSNBC), and projects to have about 100 million impressions. This is expected to increase awareness about the coin. Of late, Floki Inu has become popular, getting featured in top media platforms like Forbes, Coinmarketcap etc.