My prediction of the destruction of FLOki tokens and future price outlook
Preface
First of all, I don’t want to spread rumors about Floki tokens. I hold a total of 31,253,277 (31.25 million) Floki tokens at the address 0x4467d357d46864a353e79a2717b92e5ba73c092d (you can check if you don’t believe me). If you still don’t believe me, I can provide almost all the detailed purchase records. So the conclusion is that I am just an ordinary little leek, I am just a little leek among thousands of leeks. Although I also like money, not everyone will make some air coins to cut everyone or CX some garbage coins for money. Please believe that not everyone will be a dog for money.
So why did I choose Floki? There are two reasons.
First, because I consider myself a value investor, I also believe that value investing is suitable for all capital markets. So I have been looking for some currencies like BTC, ETH, BNB, etc. that are worth long-term investment. In short, it is to make a lot of money.
Secondly, since Floki was launched not long ago, I have observed the Floki token and the project for a long time, and compared the key factors of some successful tokens with the Floki token (in simple terms, analyze the key factors for the success of Bitcoin and Ethereum, and see if the Floki token has these characteristics)
Let’s get to the point:
Let's discuss the first question first. Because Floki is a meme coin, the maximum supply is huge, specifically 10 trillion, but fortunately the coin is fully released. For practical reasons, there are only two possibilities for this meme coin to rise to a price as high as one yuan. One is that the time is long enough, so long that 100 million yuan is not very valuable due to inflation, then Floki can easily reach one yuan. But in this case, the purchasing power will even drop by a hundred times. This situation is naturally passed by us because it takes too long and is actually worthless in the end.
Then there is only the second possibility, which is that the tokens must be destroyed continuously and in large quantities. This situation will not take too long, and the money finally obtained will be valuable.
Then the second question is, will the project party destroy tokens continuously and in large quantities?
Then we must carefully analyze the actions of the project party and carefully analyze whether the words and deeds of the Floki project party are consistent to determine whether the project party will continue to destroy a large number of tokens.
First of all, we must know that Floki has three core values and strategic issues: practical and well-known cryptocurrency and destruction
First, Floki's slogan is "Practical Cryptocurrency". This is actually very wise. If something, especially a coin, has no use in the real world, then it has no value. So what did they do? After the project's operation, Floki can be consumed in more than 1,700 stores, such as Apple, Google, Playstation and Amazon.
The second is well-known. Everyone knows that marketing is one of the most important means for any commercial thing, especially cryptocurrency. Floki posted advertisements in the central areas of central cities in New York, Spain, London buses, Dubai, Istanbul Airport, Australia, Naples, Israel, India, Vietnam, etc. Then sponsored a bunch of unknown teams, as well as well-known ones such as F1 events, 2023 Dubai Badminton Championships, and World Table Tennis Championships. Then built a large number of schools and public facilities in some poor countries. These are indeed some marketing methods.
The third destruction, Floki was actually born from July 20, 2021 to July 11, 2024, a total of 1087 days, a total of 5.87 trillion tokens were destroyed, of which 5.38 trillion were actively destroyed and 0.5 trillion were passively destroyed. An average of about 5400183992 (5.4 billion) are destroyed every day. If only the amount actively destroyed by the project party is considered, 5.38 trillion multiplied by 0.001 yuan = 5.38 billion yuan. Although the price before and now is different, it can also prove the sincerity of the project party to a large extent. And we have to count the money for destruction + the money for marketing (estimated to be no less than 100 or 200 million yuan), this cost is very huge.
The conclusion is that the project party's promises and what they did later are consistent. Although it doesn't seem to cost much from the perspective of practicality and marketing, it can reflect that they really do what they say, and it can reflect whether the project party is true to their words. As a result, we really need to believe that the project party will continue to destroy a large number of tokens in subsequent actions. Because if it is purely for money, they would have run away long ago.
The third question
Because I think that in the bull market of 2032, Floki will reach 1 RMB. Then we need to ensure the continuous destruction of a large number of tokens.
Then the question arises again, how many tokens can be destroyed by the bull market in 2032?
First of all, we need to know that there are only 10 trillion - 5.87 trillion = 4.23 trillion tokens left, so we still have eight years to go.
It is known that we have passively destroyed 0.5 trillion in three years. Even if the address remains unchanged, the amount should be maintained at 0.5 trillion every three years for eight years. So we get: 8 divided by 3 multiplied by 0.5 trillion
8/3*0.5 trillion=1.33 trillion. Moreover, the number of addresses is growing exponentially, and the number of people participating in cryptocurrency will also grow exponentially. And now there are only Binance Chain and Ethereum Chain. Will other chains be launched to promote the destruction of coins? This is an open question. But we can definitely give suggestions to the project party.
In the case of passive destruction, only 4.23 trillion - 1.33 trillion = 2.9 trillion will be left by 2032.
So will the project destroy one or two trillion of the remaining coins? This is an open question.
In this scoring situation, first of all, in a bull market, the price is relatively high, so the same amount of money cannot destroy many tokens, but in a bear market, the same amount of money can buy ten or even dozens of times the amount of coins to destroy. So overall, the eight years of 2032 are completely possible because the bear market is too long.
The fourth question
If the project party cannot destroy such a large amount of coins, even if we destroy a large number of tokens through our own transactions, it is only a matter of time. In addition, the small amount of tokens destroyed by the project party is completely worth waiting for.
The fifth question
As for the time issue, I can say for sure that such a long time is worth waiting for ordinary investors. First of all, we need to know that it will take at least ten or eight years for any industry to succeed. However, due to the particularity of the cryptocurrency market, such a long time may be a benefit to us, because we will have a lot of time to hoard coins, and sell in the bull market and buy in the bear market to hoard a large number of tokens, so that the tokens will grow exponentially. It may be a blessing in disguise. This issue really needs to be viewed with dialectical thinking, because a large number of our cryptocurrency investors are ordinary people, and the so-called bigwigs in the currency circle have also grown from ordinary leeks. Please remember this. For example, if I want to make a small goal, I can use the very common operation method of buying in the bear market and selling in the bull market to make my currency grow exponentially. I have 30 million coins. I can turn the same money into 300 million or 500 million coins in these years. It is entirely possible, so even if Floki only rises to 50 cents a piece in 2032, I can achieve my goal.
In conclusion, I think it is completely reliable that Floki can reach one dollar per coin in 2032, and Floki's robot can promote this destruction through mechanisms. And this is just one of the reasons why I think Floki can reach 2032. Not to mention that with the entry of ETF capital, the cryptocurrency market will undergo earth-shaking changes in 2032.
Floki will cost one dollar sooner or later. Here are the other most important points of Floki
First, the premise for a coin to rise is that the prospects of Bitcoin and Ethereum must be bright. Cryptocurrency is actually a completely emerging market in the capital market because the market value of the entire cryptocurrency market is not as large as that of Nvidia, Microsoft, or Apple. Any one of them is much larger than the entire cryptocurrency market.
Zhao Changpeng said that cryptocurrencies still have at least thousands of times of room to grow. I think this is objective. And I think Bitcoin is actually in a very early stage, because Bitcoin will exist for thousands of years like gold.
Second, whether a coin is awesome or not depends on whether each bull market is awesome. To put it bluntly, every bull market has a coin like pepe, such as shib in the last bull market. Floki is a coin that appeared in the 21st bull market, so it goes without saying.
Third, Floki is a meme sector. I think the meme sector will continue to be awesome because the meme sector follows the mass line. It is difficult for newcomers to choose coins like BTC and ETH when they have little funds, because what is the point of buying one or half? The meme sector follows the route of surrounding the city from the countryside, and follows the proletarian route, so meme will continue to be awesome.
Fourth, I think the Floki team is one of the best teams in the cryptocurrency field. They say and do the same thing. They are slowly advertising in the central cities of various countries, building schools, and doing marketing everywhere. Marketing is one of the most important means of cryptocurrency.
Fifth, the destruction mechanism. The amount of meme coins is so large that they must be destroyed continuously to support the price. Compared with all other cryptocurrencies, Floki pays the most attention to the destruction of coins. It has been actively destroying millions or tens of millions of corresponding coins. I have tracked other meme coins, and the amount of destruction is very small, almost all of them are passive destruction.
Sixth, ecological construction. Currently, Floki’s ecosystem includes robots and Flokifi, which have two purposes. The first is to become a currency that is truly useful in the real world. The second is that the emergence of robots is to provide convenience to buyers while taking part of the handling fee for marketing expenses and destruction.
Seventh, the volume of listing is also the key among the keys. Listing not only means that there are many buyers, but also means that the exchange also recognizes its value.
Eighth, the reason for inflation. This is actually very simple. Unless there is a world war, the price of any item will appreciate over time. This is determined by economic laws.
Ninth, Floki is a coin from the Musk series. As we all know, the coins mentioned by Musk or the coins that piggyback on Musk’s traffic are all in good condition. There is no bigger IP than Musk.
Tenth, Floki’s Twitter account, number of holders, and number of new users are all very large, which provides favorable protection for it.
Eleventh, Floki is the first meme coin of Binance Chain. With the support of Binance, I think Floki will have a bright future because of Binance.
Other popular meme coins are almost all Ethereum-based, such as pepe shib and even solana. The only one Binance can offer is floki.
12. Compared with some other celebrity meme coins, the amount of Floki is at least ten or a hundred times less. In this case, Floki will reach RMB 1 before other celebrity meme coins.
