Discover key insights about FLOKI (FLOKIUSD), a popular cryptocurrency, and explore its current market performance, historical trends, and essential metrics. This analysis provides a comprehensive look to help you understand its position in the dynamic crypto market.
Current FLOKI Price and Performance
As of the latest data, FLOKI (FLOKI) is trading at $0.000073770 USD, reflecting a decrease of 5.83% over the past 24 hours. To put this into perspective, it is helpful to compare its performance with other top gainers and losers in the cryptocurrency space.
Over the past week, the token's value has declined by 2.89%, while the monthly performance shows a more significant drop of 17.51%. On an annual basis, FLOKI has decreased by 56.60%. These figures highlight the asset's high volatility and the importance of monitoring short-term and long-term trends.
Market Capitalization and Trading Volume
FLOKI's current market capitalization stands at approximately $709.97 million USD. Market cap is a crucial metric as it indicates the relative size and stability of a cryptocurrency compared to others in the market.
The 24-hour trading volume for FLOKI is reported at $48.05 million USD. Trading volume represents the total amount of the asset traded within a day and is a key indicator of market interest and liquidity. Higher volume often corresponds with greater price stability and investor attention.
Circulating Supply and Key Metrics
The circulating supply of FLOKI tokens is 9.66 trillion. Understanding supply metrics is vital for evaluating a cryptocurrency's scarcity and potential inflationary pressures. The average transaction size for FLOKI is around $5.07 thousand, which can provide insights into the typical investment behavior of its traders.
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Historical Price Highlights
FLOKI reached its all-time high price of $0.000348739 USD on June 5, 2024. In contrast, its lowest recorded price was $0.000000023 USD on August 9, 2021. Analyzing these historical extremes can offer valuable context regarding its potential for recovery and growth cycles.
Technical Analysis and Trading Signals
Technical analysis is a widely used method for evaluating cryptocurrency investments. Currently, FLOKI's technical indicators are signaling a strong sell recommendation based on short-term, weekly, and monthly assessments. This suggests caution for those considering entry or exit points.
The estimated volatility for FLOKI is around 5.43%, underscoring the inherently risky nature of the asset. Due to this volatility, conducting thorough research and considering risk management strategies is essential for any investor.
How to Safely Purchase FLOKI
The safest way to acquire FLOKI or any other cryptocurrency is through well-established and reputable exchanges. These platforms offer security, liquidity, and regulatory compliance. It is advisable to create an account with a trusted broker, link it securely, and execute trades directly from reliable charting platforms.
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Frequently Asked Questions
What is FLOKI?
FLOKI is a cryptocurrency token that operates on a blockchain network. It is named after a popular cultural reference and has gained attention within the crypto community for its market activity and community-driven initiatives.
How volatile is FLOKI compared to other cryptocurrencies?
FLOKI exhibits high volatility, with recent estimates around 5.43%. This is common among many alternative cryptocurrencies, meaning prices can change rapidly in a short period, presenting both opportunities and risks.
Where can I track FLOKI’s price in real time?
You can monitor FLOKI's live price, historical charts, and technical analysis on various financial data websites and crypto market screeners. These tools provide up-to-date information essential for making informed decisions.
What does a 'sell' technical signal mean?
A 'sell' signal from technical analysis suggests that current indicators—such as moving averages or momentum oscillators—point toward a potential price decline. Traders often use these signals to time their market entries or exits.
Is FLOKI a good long-term investment?
Like all cryptocurrencies, FLOKI carries significant risk due to market volatility. Its long-term potential depends on broader market trends, project developments, and adoption rates. Investors should perform due diligence and consider their risk tolerance.
How can I stay updated on FLOKI news and trends?
Following cryptocurrency news feeds, community forums, and official project updates can help you stay informed. Engaging with other traders through public chats and idea-sharing platforms may also provide valuable insights.