Key Takeaways
Floki’s value increased notably in 2024 as the entire meme coin sector recorded a surge in value. The token reached an all-time high in June. Although it has dropped since then, the sector is currently upturning.
On Oct. 2, 2024, Floki was worth about $0.000144.
Let’s examine some of the FLOKI predictions made by CCN on Oct. 2, 2024. It is crucial to bear in mind that price forecasts, particularly for volatile assets like cryptocurrencies, often turn out to be inaccurate
Here are the Floki price predictions from CCN, made on Oct. 2, 2024. While we take the utmost care with our price predictions, they can turn out to be wrong.
Minimum FLOKI Price Prediction | Average FLOKI Price Prediction | Maximum FLOKI Price Prediction | |
---|---|---|---|
2024 | $0.00008 | $0.00018 | $0.0003 |
2025 | $0.00015 | $0.00028 | $0.00045 |
2030 | $0.0004 | $0.0007 | $0.0012 |
FLOKI’s price is expected to experience continued volatility as the market digests its previous corrections and the broader crypto sentiment. The average price of $0.00018 is anticipated, driven by moderate growth and recovery efforts. A potential downside could see it hit $0.00008, while positive momentum and market optimism might push it to $0.00030.
With more maturity in the FLOKI ecosystem and broader crypto adoption, the price is expected to stabilize and grow. A stronger bull market cycle could propel the price to an average of $0.00028 and potentially reach a high of $0.00045. However, market corrections and external pressures may still bring the price to a low of $0.00015 during the year.
By 2030, FLOKI may benefit from sustained adoption and market developments, positioning itself as a more established token within the crypto space. An average price of $0.0007 reflects this growth, with bullish scenarios reaching as high as $0.0012. Nonetheless, market unpredictability and regulatory changes could still drive the price down to a minimum of $0.0004.
On June 5, FLOKI hit an all-time high, surging 177% from its low of $0.00012 on April 19. A subsequent downturn brought the price back to horizontal support at $0.00012 by July 5.
The price then recovered by 68% to $0.00021 but fell to a lower low of $0.000096 on Aug. 5, indicating the correction was still unfolding. Since then, an ascending channel has formed, suggesting two possibilities: either the correction ended in August, or it’s part of a larger corrective structure, potentially leading to another downward move.
A closer look at the four-hour chart indicates some upside potential. FLOKI peaked at $0.00017 on Sept. 27 before dropping 25%, suggesting the channel is mostly corrective.
Following an ABC pattern to a higher low of $0.00013, a bounce appears likely.
If this ascending channel is a wave X correction, an upward ABC move could bring the price to $0.00020 before a final Z wave down.
However, a continued rise beyond $0.0002 may signal the start of a new bullish cycle for FLOKI. The Floki price prediction for the next 24 hours hinges on how far the token can rise.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Oct. 2 2024, Floki’s ATR was 0.000013, suggesting relatively low volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Oct. 2, 2024, the Floki RSI was at 51, indicating slightly bullish conditions.
Floki is a meme coin, so let’s compare its performance over the past year to that of other meme coins.
We looked at the FLOKI price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy FLOKI.
Day of the Week | Friday |
Week | 44 |
Month | October |
Quarter | First |
Let’s take a look at some of the key dates in the FLOKI price history .
While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some much-needed context when making or interpreting a FLOKI price prediction.
Period | Floki Price |
---|---|
Last Week (Sept. 25 2024) | $0.0001449 |
Last Month (Sept. 2 2024) | $0.0001229 |
Three Months Ago (July 2 2024) | $0.0001841 |
Last Year (Oct. 2, 2023) | $0.00002079 |
Launch price (July 11, 2021) | $0.0000042 |
All-time high (June 5, 2024) | $0.0003462 |
All-time low (Aug. 9, 2021) | $0.00000002 |
The market capitalization, or market cap, is the sum of the total number of FLOKI in circulation multiplied by its price.
On Oct. 2, 2024, Floki’s market cap was $1.3 billion, making it the 55th-largest crypto by that metric.
On Oct. 2, 2024, one wallet held nearly 45% of the FLOKI supply.
As of Oct.2 2024, the five wallets with the most Floki tokens were
Supply and distribution | Figures |
---|---|
Total supply | 9,692,178,088,607 |
Circulating supply as of Oct. 2, 2024 | 9,595,047,891,975 (98.96% of total supply) |
Holder distribution | Top 10 holders owned 72% of supply as of Oct. 2 2024 |
In its technical documentation or whitepaper , Floki says that the Floki ecosystem is a community-powered ecosystem that aims to give people control of their finances through four key utility offerings: the Valhalla NFT Metaverse Game, the FlokiFi DeFi ecosystem, the Floki University Crypto Education platform; and the FlokiPlaces NFT & Merchandise Marketplace.
Its founders refer to Floki (FLOKI) as “the people’s cryptocurrency” and the utility token of the Floki Ecosystem. Floki was born thanks to fans and members of the Shiba Inu (SHIB ) community and is inspired by (and named after) Elon Musk’s Shiba Inu.
The Floki ecosystem consists of multiple projects still under development, spanning DeFi, NFTs, and the Metaverse. While Floki is attempting to create some use of the token within its ecosystem, there is very little adoption of the cryptocurrency on other DeFi platforms or NFT marketplaces.
Since it is a meme coin, FLOKI is inherently an extremely volatile asset. However, unlike other meme coins, which do not have notable use cases, FLOKI is attempting to widen its ecosystem with forays into the DeFi, NFT, and metaverse sectors. Additionally, its rate of increase since launch has been admirable. On the other hand, meme coins are even more volatile than the average crypto, so some caution is advised.
No one can really tell right now. While the FLOKI crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before deciding whether to invest in Floki, you must research FLOKI and other coins and tokens, such as Dogwifhat (WIF) or BONK. Either way, you must also ensure you never invest more money than you can afford to lose.
Our price predictions suggest that if the same rate of increase is maintained, FLOKI could reach this target in 2030.
FLOKI is the utility token that drives the entire community-owned Floki Inu ecosystem. As an ERC-20 and BEP-20 compliant token, FLOKI is a multi-chain coin that runs on both the Ethereum and BNB Smart Chain (BSC) blockchains.