Floki Inu is a digital money that people can buy and sell. It's called a "meme coin" because it was made as a joke, but now many people like it. Floki Inu wants to be bigger than another meme coin called Shiba Inu. Recently, Floki Inu has been doing very well and its value went up by 248% in one week. This is better than Dogwifhat, who is also a meme coin and tried to compete with Floki Inu. But some people think that Floki Inu might not keep going up in value and could go down instead. Everyone is waiting to see what will happen next. Read from source...
- The title is sensationalized and misleading, as Floki Inu did not "strike back" at Dogwifhat, but rather outperformed it in the past week.
- The article compares percentage gains without considering the starting values of each coin, which can create false impressions of relative performance. For example, if Floki started with $1 and gained 248%, it would still be worth only $1.248, while Dogwifhat might have been much lower to gain 125%. The same applies to Shiba Inu's 140% rise from a different base.
- The article uses vague terms like "burned" and "scarcity" without explaining how the tokenomics of Floki Inu work, or what are the implications for investors and holders.