Price Prediction for Floki Inu: Binstarter Deal Supportive
In this article I ran a price prediction model to determine the best time to buy or sell Floki Inu. Price predictions have been made by using trader knowledge and machine learning. The findings are based on a thousand previous trades that were completed on the market. Some of them occurred before the latest update of Floki Inu and some after but the analysis is unbiased due to not including trading activity from any other crypto asset in my analysis. The analysis is based on whether the price trended upwards (Supportive) or downwards (Resistance).
Floki Inu performed poorly as a result of its Binance listing which drove the price down. As a result, it was a good time to buy back in at less than the high. A large part of any future potential growth will come from the team and projects that Floki Inu supports. Previously Floki Inu was considered a project to look out for because of its innovative ideas and features that were set to be executed on it. However, due to issues with the team in delivering the project on time, it is doubtful whether any of these features will be available on Floki Inu.
What is Floki Inu?
Floki Inu is a loyalty card that stores cryptocurrencies such as Bitcoin and Ethereum. It is also a contactless payment card that can be used in stores to buy products. In this way Floki is similar to Starbucks Via, however, the point of Floki over Via is that it can hold more cryptocurrencies and function as a debit card. Floki Inu has partnered with famous companies such as Porsche which will allow consumers to pay for their car purchases with their crypto wallet by using the product within the Porsche retail store. Floki Inu also partnered with BitPay to allow users to buy items on Amazon and other online retailers with their crypto wallets.
#SHIB killer @RealFlokiInu partners with @Chainlink to boost its innovative solution #flokiinu #link #floki #flokifi $floki $link https://t.co/jGCZhtVoCD
— U.Today (@Utoday_en) August 15, 2022
The Floki Inu project is led by Peter Gorny who raised $40 million in their ICO. The team has also partnered with other companies to develop the project such as Porsche and BitPay. The Floki Inu team has great potential, especially with the integration of Porsche into their project. The partnerships that Floki Inu has obtained show how innovative and leading edge the project is from an application and business perspective. Use cases are what make a token valuable, not just the price it can be sold for on exchanges.
What is BinStarter?
Binstarter is a platform created by the team behind Floki Inu that is used to crowdfund tokens and give them exposure. Projects are listed on BinStarter when they are looking for funding and support to create their projects. Similar to Kickstarter, donations of cryptocurrencies or tokens will be made to projects in return for a percentage of the tokens that they have created. The difference between BinStarter and Kickstarter is that Tokens can be received from the project instead of physical products such as t-shirts or gadgets. Floki Inu was originally an ICO on Binstarter before being moved over to the main exchange because of its volume, trade activity, and demand.
Binstarter is a game-changer for crypto tokens. It will bring the financial market infrastructure to the world of crypto that is currently centralized around exchanges. This will allow for more users to be involved in project funding and make it much more accessible for everyone. BinStarter is also a great way for projects to show what they have accomplished so far and give investors insight into their goals and vision.
Collaboration Between FlokiFi Locker and BinStarter
Florida Locker is proud to announce that they have teamed up with BinStarter to create their custom token. This will be used as a way of paying for premium features on FlokiFi Locker. The new token is called “FLK” and will be the official payment method for FlokiFi Locker. The FLK token is created through a collaboration with Binstarter and the team has released a whitepaper explaining how it works and how it will interact with users. BinStarter also announced that they were starting an ICO. This was based on the success of their successful listing of Floki Inu tokens and shows how embedded into the crypto space Binstarter is becoming.
