Home » Journal » Why You Should Pay Attention to FLOKI Over Dogecoin (DOGE) and Shiba Inu (SHIB) This April

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Why You Should Pay Attention to FLOKI Over Dogecoin (DOGE) and Shiba Inu (SHIB) This April

Temitope Olatunji

April 7, 2024

In a recent post on X, the parody account “Elon Musk (Parody)” has generated buzz by claiming that Floki (FLOKI) is the memecoin to pay attention to in April, outshining popular meme cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB).

For those unfamiliar, memecoins are cryptocurrencies inspired by internet memes or jokes, often featuring animal branding. Dogecoin, launched in 2013, was one of the first major memecoins and features the Shiba Inu dog breed. Shiba Inu, created in 2020, has a similar Shiba Inu dog theme.

The parody account, using the handle @ElonMuskPDA, outlined several reasons why investors should keep an eye on Floki over its more established memecoin counterparts this month:

1. April 20th, or “Doge Day,” is considered a major catalyst for dog-themed cryptocurrencies, and Floki tends to outperform Dogecoin and Shiba Inu during this period.
2. Floki purportedly has the strongest fundamentals of any memecoin, though the post did not provide specifics.
3. Floki’s utility continues to burn (permanently remove from circulation) tokens aggressively, potentially increasing scarcity.
4. The post claims Floki has the most catalysts or upcoming events of any memecoin in April, though again, no details were given.

While the “Elon Musk (Parody)” account does not represent the real Elon Musk or Tesla, the endorsement has nonetheless sparked interest in Floki within the memecoin community. Investors are advised to thoroughly research any cryptocurrency before investing.

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