The dog-themed meme coin called Floki Inu (FLOKI) refers to itself as "a movement" rather than a meme coin. It is a cryptocurrency that was created by Shiba Inu (SHIB) community members and supporters. The motivation behind Shiba Inu's launch is Elon Musk's dog. Want to buy floki Inu In read how to buy floki inu in india. September 2021 Elon musk made a tweet saying “My Shiba Inu (dog species) will be named Floki” and this led to the creation of this meme coin. By the time Elon got his dog the Floki Inu meme coin was already on market and was gaining popularity. A mysterious group of programmers who were loyal supporters and Shiba Inu community members built the Floki meme coin. The project is supported by both the Binance Smart Chain (BSC) network and the Ethereum blockchain. On its official website, FLOKI claims to be "the ONLY cryptocurrency project officially affiliated with the Million Gardens Movement of the #DogeFather's brother Kimbal Musk." FLOKI wants to address global food insecurity alongside the Movement.  In order to organize a close-knit community of holders who are rewarded for staking their tokens, FLOKI states that it is focused on increasing its functionality and developing a platform that is beneficial.

Why Buy Floki Inu in India?

Factors that helped Floki Inu to reach such popularity

High Quantity

As with any other meme coin, the quantity for this one is also high, the maximum supply of Floki Inu is 10 Trillion and the market cap of FLOKI is $142,542,774 (₹11,314,245,848) Because of the easy availability, people are more comfortable buying it. At the price of 1 Bitcoin or Ethereum, you can buy millions of the FLOKI coins

Low Price

Because of the high quantity of the FLOKI, the prices are low, at the moment the current price of Floki Inu is $0.0000153 (₹0.001215). 

People interested in entertaining things

Because of how intriguing the idea is to them, more people are interested in it and purchase it. Things that gain attention online and on social media soon catch on with the general public and become trends.

Backup from powerful people 

Elon Musk is one of the biggest supporters of cryptocurrency, and the Floki Inu is developed after Elon Musk’s dog. This gained a lot of popularity just because it was barely connected to the Tesla and SpaceX owner. So the hype is always high and people are buying it more believing that this meme coin will go big. 

What can risk the growth of Floki Inu?

Changing Trends 

As this crypto was created just because the meme crypto community was in big support of cryptocurrency, new things will keep developing randomly and people will just shift from one crypto to another following the trend. This way the old crypto will be forgotten and the value will just drop low, this can happen to Floki Inu as well.

Easy availability leads to limited growth

As the quantity of this crypto is high people are able to access it easily, which restricts its demand as the demand is fulfilled. The basic principle of growth in the price of crypto is due to the increasing demand and limited supply. This is not the factor here so the growth can be get limited after some time. 
How can you buy Floki Inu in India on Suncrypto
There are several methods to purchase FLOKI. You can mine it on your own or use it to pay for goods and services. A reputable and legalized exchange like Suncrypto is the fastest and safest way to get it. The steps below can be followed in order to purchase Floki Inu on the Suncrypto Exchange: -
  • Download the Suncrypto application from the Play Store or the App Store.
  • To finish the KYC process, enter all the required information.
  • To buy cryptocurrencies on the platform, credit your Suncrypto account with money.
  • To find out the Floki Inu, use the search option.
  • Click "buy" after selecting the quantity.
  • And you've finished the purchasing process.
Floki Inu is a good investment to start with at low pricing because it is a well-known cryptocurrency with a solid reputation. This makes it a good option to buy Floki Inu in India. Despite how simple the investment is, one should do their own research before spending money. For more news and details on cryptocurrencies, go to Suncrypto Academy.