Will $FLOKI Go Up 🚀🚨📈👇
Because $FLOKI is a meme coin, its value is almost entirely determined by supply and demand. On the supply side, as noted above, the project has a burning program, which means that the supply is continually getting smaller. This can positively support the price, as fewer tokens in circulation can cause the price per token to increase. However, the effect of this burning is likely very small compared to the demand side.
The price of $FLOKI is largely driven by users buying and selling the token. If the creators can create more use cases for the token or market the token in such a way that new investors begin buying, the price could increase. Additionally, whales, or large holders of the token, could also increase the price through huge buy and sell orders.
