Best crypto to watch this week: Floki Inu

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There’s a new room even in town. Floki Inu (FLOKI), who was inspired by puppy Elon Musks Shiba Inu, has taken his first steps into the cryptocurrency industry since launching this summer. Surely this is one to watch closely, as coins have a habit of becoming movements in a flash.

The Floki Inu community is surely looking to build on the success of other meme pieces. One of the FLOKI community’s marketing strategies targets investors who may have missed the boat with Dogecoin, the original coin. The value of Dogecoins has exploded this year, thanks in large part to the backing of Musk himself. The case of using Dogecoins as a payment method has been particularly successful.

Floki Inu has an advantage of his own. According to the project’s website, the team partnered with the Million Gardens Movement, led by Elon Musks’ brother, Kimbal. The crypto project and Kimbal have a mission to fight against food insecurity in the world.

A Japanese Shiba Inu breed dog named Doge is the mascot of the Dogecoin project. If Floki Inu manages to replicate the success of Dogecoins, it will pay off well for investors. The FLOKI project got off to a good start with 100,000 porters, according to the project’s Twitter account. In fact, the Floki Inu team considers the project to be the third largest coin after Dogecoin and Shiba Inu.

Source: Floki Inu on CoinMarketCap

More than a fad

The Floki Inu team wants the new meme to be more than just a fad and have multiple use cases. In fact, they call it a utility-driven meme coin that boasts massive community and solid utility. One of the ways they do this is by jumping on the non-fungible token (NFT) bandwagon. The FLOKI community is known as Vikings.

On the FLOKI roadmap is an NFT gaming metaverse that the team calls Valhalla. NFTs have spread like wildfire among crypto investors and artists. Catching the tailwind of the excitement of coins and NFTs is a strategic move that could pay off for the project and its investors.

The story continues

The Floki Inu team is also creating an NFT and commodity marketplace which they call FlokiPlaces. To this end, they seek to strengthen the use case of coins as a means of payment. So far, they have partnered with CryptoCart and XCUR, a partnership that gives FLOKI holders the ability to make purchases at 1,700 merchants.

Symbolic objectives

The Floki Inu team has the ambitious goal of turning Carano over and becoming one of the top 10 crypto projects. They will have their work cut out for them, as FLOKI is currently ranked No. 2,768 on CoinMarketCap.

Investors can buy FLOKI on the decentralized exchanges Uniswap or PancakeSwap. They say the slippage is 10%. The same coin is also available on centralized exchanges including Gate.io and LBank in the FLOKI / USDT pair.

This article originally appeared on FX Empire

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