Floki Inu, a prominent coin in the market has attracted the attention of many active investors and traders in the past months with its price movements. The FLOKI is a meme coin that was created from the inspiration of Elon Musk and his pet Shiba Inu. Based on the Ethereum and Binance Smart Chain blockchains, the coin is designed in such a way that its supply keeps on decreasing over time significantly increasing its demand and value in the market. In this article, we will take a look into the floki’s current market performance, the various that could influence its price, and how the coin will fare in the market in the coming days.

FLOKI Current Market Performance

Ranked #66 based on its market capitalization, the FLOKI is one of the top meme coins out there. The coin’s last bull run commenced on 5 November 2024 amid the US Presidential Election and Trump’s subsequent victory. At that time, the coin was trading at a value of $0.0001170. From there, the coin rose rapidly in the market until its bull run ran its full course on 15 December 2024. The meme coin is currently trading at $0.0001761 registering a slight downtrend of 0.17% from the previous day.

During its bull run, the coin peaked as high as $0.0002651. However, after the 15th, the coin’s market value went downhill rapidly to $0.00017 and is currently maintaining this level. The trading volume of the coin is $253 million indicating a significant decrease of 24.49% from the previous day. With a circulation of 9.59 trillion coins, FLOKI’s market capitalization is standing tall at $1.69 billion. With Trump about to take office in January, it is expected that the whole crypto market will surge. The FLOKI coin will also join this charge if the trends in the market align in favor of the coin.

Factors That Affect FLOKI Price

Various factors can significantly influence the price of the famous meme coin in the crypto market. Here, we will look into a few of these factors so that you know what you’re getting into with the Floki coin.

1. Social Media Influence

The amount of influence a meme coin has is one of the key factors determining its standing in the market. Their success is often reliant on widespread reach and community influence. If an influencer or other famous personality promotes a meme coin through these platforms, then it could rapidly boost its demand and market value.

2. Speculations & Market Sentiment

The speculation surrounding a coin can significantly boost its market value. If a coin has positive sentiment in the market, it could increase its adoption rate and thus drive up its price and vice versa. 

3. Liquidity & Manipulation

A coin’s market value can be significantly affected by the liquidity factor, especially in the case of a meme coin like FLOKI. When a coin has a low liquidity ratio, it becomes difficult to buy or sell it, which can lead to increased price volatility and instability.

4. Competition

Another key factor that can affect the price of the FLOKI coin is the competition in the market. This is especially important considering that FLOKI is a well-known meme coin. As the competition keeps increasing, the demand for the coin can go down significantly and with it the market value as well.

5. Global Factors

Various global factors like geopolitical tensions and inflations can significantly bring down the price of the meme coin. In such cases, people prefer real assets to digital ones.

6. Exchange Listing

If the FLOKI token gets listed on any major exchanges in the future, it could lead to a spike in its market value, especially during the time of listing. Keep in mind that with this type of event, the volatility associated with the coin also rises to the next level.

FLOKI Short-Term Price Prediction

Now that we looked into the famed meme coin’s current market status and the various factors that could influence its price in the coming days, let’s take a sneak peek into its future. For this, we have prepared a short-term price prediction table for the coin showcasing its potential market value and ROI. If you’re currently considering investing in it and are curious about its price for the coming days, kindly refer to the table below.

Date	Price	Potential ROI
29 Dec, 2024	$ 0.000176	1.63%
30 Dec, 2024	$ 0.000185	3.64%
31 Dec, 2024	$ 0.000197	10.47%
1 Jan, 2025	$ 0.000212	18.75%
2 Jan, 2025	$ 0.000228	28.00%
15 Jan, 2025	$ 0.000378	111.13%
30 Jan, 2025	$ 0.000452	167.64%

Keep in mind that the above-given prices are susceptible to changes in trends in social media and may vary accordingly.

Is It A Good Time To Put Your Money On The FLOKI Coin?

The current market sentiment regarding the FLOKI token is “Bearish”. However, various technical indicators and market experts are claiming that the coin will rise by over 227% and reach a value of $0.000575 by the end of January. Furthermore, the coin has recorded the last 15/30 days to be trading in green with a price volatility of 13.45%.

Also, the Fear & Greed Index of the meme coin is showing a value of 74, which is a clear indication of “greed” in the market. Based on this forecast and the market data, it is not an ideal time to put your money on the famous meme coin. However, if you’re still considering investing, it would be better to conduct thorough research on the trends in the market before proceeding with the investment.