Memecoin That’s Exploded Over 1,000% in Four Months Set To Skyrocket by Over 3x, According to Crypto Analyst
Release: 2024/06/06 17:24 Reading: 910
Analyst Predicts Massive Gains for Dogecoin Rival Floki (FLOKI)
Renowned crypto analyst Kaleo anticipates significant growth for Floki (FLOKI), a popular Dogecoin competitor. With a current src="/uploads/20240606/171766847166618a770cf07.png">, Kaleo believes FLOKI's market capitalization could surge to $10 billion or more, a threefold increase.
Kaleo's optimism stems from FLOKI's recent formation of a cup-and-handle pattern, a bullish technical indicator. He highlights the coin's retesting of its 2021 high, emphasizing its potential for price discovery and the ongoing "memecoin super cycle."
The analyst draws parallels between FLOKI's current price pattern and that of another successful memecoin, Pepe (PEPE), prior to its rapid growth. Additionally, he attributes FLOKI's positive momentum to its association with Binance's BNB Chain, which has seen its native BNB token gain value.
"Low timeframe FLOKI looks strikingly similar to PEPE before its last surge," Kaleo notes. "FLOKI is positioned as a high BNB beta meme play, just as PEPE was for ETH."
Currently trading at $0.0003182, FLOKI boasts a market cap of $3.1 billion. Its value has soared over 1,000% since February when it traded at $0.0000269.
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