Memecoin FLOKI Leads Crypto Market With 13% Surge, Heres Why

The memecoin FLOKi is leading todays crypto market with a rally of +12.8% in the last 24 hours, sharing the top spot with Artificial Superintelligence Alliance (FET) which is up +12.2%. The price surge can be several developments and partnerships, most notably involving Binance and the upcoming airdrop of Simons Cat (CAT) token. #1 Binance [...]

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Floki Inu (FLOKI) Skyrockets 15% To Reach New All-Time High, Riding The BNB Uptrend

Floki Inu (FLOKI), the dog-themed meme coin, has recently achieved a significant milestone by reaching an all-time high (ATH) amidst Binance Coin’s (BNB) upward trajectory.  With a 15% surge in the past 24 hours, FLOKI reached a record price of $0.0003491, solidifying its position as the largest meme coin on the BNB Chain. Floki Inu Receives Major Boost As DFW Labs Invests $12M This surge comes as Web3 investor and crypto market maker DFW Labs announced a substantial investment of $12 million in FLOKI tokens to support the Floki ecosystem.  The purchase involved acquiring a portion of the tokens from the market and the remainder from the Floki treasury. Notably, DWF Labs purchased $10 million worth of FLOKI tokens in March, which also triggered a significant price surge of over 30%, propelling the token to a nine-month high then. The partnership between Floki and DWF Labs was initially established in May 2023 when DWF Labs purchased $5 million worth of FLOKI tokens. Since then, DWF Labs has been crucial in boosting FLOKI adoption. Related Reading: Shiba Inu Burn Rate Flatlines With 99% Crash, End Of The Road For SHIB? In addition, further developments are on the horizon for Floki, as they plan to release the mainnet version of their flagship utility product, the Valhalla metaverse game, later this year.  Moreover, the team is set to launch several key utility products, including the Floki Trading Bot and the Floki Decentralized Domain Name and Website Service. These upcoming releases have garnered significant attention from investors, resulting in increased buying pressure and a rise in token holders. The protocol boasts a notable milestone, with FLOKI recently surpassing 417,400 holders on the BNB chain. The protocols development team declared that Floki remains the dominant meme coin on the BNB chain, boasting a substantially larger market capitalization than all other BNB chain memecoins combined. Price Correction Temporarily Impacts FLOKI’s Uptrend According to CoinGecko data, FLOKI’s market capitalization is currently at a substantial $3 billion, nearly doubling compared to its market cap in May, which was $1.7 billion. Furthermore, FLOKI’s daily trading volume has surged by 164% in the past 24 hours, amounting to $1.2 billion, highlighting the token’s market attention from investors and its prevailing bullish sentiment. Despite these positive developments, Floki Inu has experienced a price correction of approximately 8% within a matter of hours. It is currently trading at $0.0003164. The next nearest support level for the token is $0.0002985. Related Reading: Crypto Expert Reveals Top 3 Trades To Take Now While there is a clear path for further growth, Floki Inu faces the challenge of investor decision-making on profit-taking and selling, which could potentially impact the token’s short-term uptrend.  In such a scenario, a consolidation at current levels would be crucial in maintaining gains and facilitating the resumption of the uptrend once the buying trend resumes. Meanwhile, BNB is trading slightly below its ATH, experiencing a 1.5% decline in the last hour and currently valued at $699. Featured image from DALL-E, chart from TradingView.com

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FLOKI And BONK Drop 5% After Revolut Listing Announcement

FLOKI and BONK had remarkable growth over the weekend after recovering from the Bitcoin dip at the end of last week. These tokens have been some of the hottest topics during this bull run, with FLOKI and BONK increasing by over 500% and 87%, respectively. Recently, both memecoins were listed on the European neo bank and retail platform Revolut, but the news didnt appear to have a massive impact on the tokens. However, the projects most recent announcements have seemingly made them soar in the past hour. Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished FLOKI And BONK To Take Over Europe The projects announced their listing on Revolut on Monday. The new listing expands the reach of FLOKI and BONK to a broader audience, as the platform is available to 40 million users in over 150 countries. #FLOKI just got listed on Revolut, the biggest neobank and retail trading app in Europe! This listing will make $FLOKI accessible to @RevolutApp's 40 million+ users in 150+ countries who will be able to buy FLOKI with 25+ fiat currencies including GBP, EUR, USD and more. Users pic.twitter.com/Hy62VJw2w4 — FLOKI (@RealFlokiInu) April 22, 2024 Moreover, the listing will allow users to buy the tokens with 25 fiat currencies, including EUR, GBP, and USD, directly from the Revolut app. Per the BONK X post, users in Europe and eligible countries will also have access to a Learn and Earn program starting on April 29. Crypto trader Altcoin Gordon weighed in on the matter, telling his 458,000 followers that the listing was pretty BIG. According to Gordon, it will allow the tokens to compete with Dogecoin (DOGE), Dogwifhat (WIF), PEPE, and Shiba Inu (SHIB). Despite the announcement, the tokens performed modestly after the news. FLOKIs price increased 2% in the following hour, trading at $0.0001778. Nonetheless, the token dropped 5.3% hours later to trade at $0.0001693. Meanwhile, Bonks price increased by 3.7%, trading at $0.0002069 before facing a 3.4% dip to the $0.0001990 level. Similarly, both tokens have seen a decrease in daily activity in the past 24 hours. FLOKIs daily trading volume fell a staggering 31.6%, while BONKs trading volume dropped over 51%. New Announcements Boost Prices On Tuesday morning, FLOKI was trading at $0.0001727, representing a modest 0.4% gain from the tokens price 24 hours prior. On the other hand, BONK traded for $0.00002019, a 2.6% price decrease from the day before. However, the projects most recent announcements have positively impacted the tokens prices. FLOKI announced that the decentralized platform Alltoscan locked $18 million worth of $ATS for 15 months using the projects crypto locker protocol, FlokiFi Locker. Alltoscan has just secured over $18,000,000 worth of $ATS tokens for a 15-month period using #Floki's advanced crypto locker protocol, #FlokiFi Locker!@alltoscan is developing an open-source block explorer compatible with all rollups, enabling users to inspect their L2 https://t.co/RBc0nGnrJr — FLOKI (@RealFlokiInu) April 23, 2024 The news appears to have been well-received by the community. Seemingly fueled by the positive sentiment, the token rose 5.5% in the last hour. Similarly, FLOKI now surged 11.2% from 24 hours ago. Meanwhile, BONK announced renowned artist JT Liss as The Dog’s Director for BONK Art Masters. JT is set to lead Bonks BAM residency program and the Creator Grants program to help provide more opportunities for artists in the Solana ecosystem. Following this news, the token increased by 4.3% in an hour and over 5.6% from its price 24 hours ago. At the time of writing, BONK is trading at $0.00002164. Related Reading: Bitcoin Price Extends Increase, Why Dips Turned Attractive In Short-Term FLOKI is trading at $0.0001921 in the weekly chart. Source: FLOKIUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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FLOKI Skyrockets To New All-Time High, Soaring 60% Following Two Major Listings

Web3 project and meme coin Floki Inu (FLOKI) has garnered significant attention in the cryptocurrency market. It has witnessed an impressive uptrend of over 630% in the past 30 days alone. As a result, it has soared to the 64th position in market capitalization, surpassing $2 billion. This surge in price comes as notable digital asset firms, including DWF Labs, have recognized FLOKI as a potential long-term investment, resulting in a $10 million purchase plan. This move pushed FLOKI to a 9-month high of $0.00005097 on February 27th. However, the cryptocurrency’s popularity has spread to other jurisdictions, and it recently hit an all-time high (ATH), trading at $0.0002043, coupled with a 58% uptrend in the past 24 hours.  FLOKI Targets New Asian And Middle Eastern Investors Coinhako, a regulated crypto exchange in Singapore under the Monetary Authority of Singapore (MAS), has endorsed FLOKI by listing the token among its tradable cryptocurrencies. In an official announcement, Coinhako stated, “The people’s cryptocurrency has reached Coinhako’s shores and is available to trade.” The Floki Inu team expressed their excitement about the listing, highlighting that crypto users in Singapore can now buy FLOKI with SGD and USD on a regulated exchange. They believe this listing is a significant milestone that will accelerate Floki’s vision to become the world’s most recognized and widely used cryptocurrency. Related Reading: Bitcoin Bulls On Alert: Top Analyst Anticipates A Big Spike In The Cards In addition, the Floki Inu team has announced that the meme coin has been successfully listed on CoinMENA, one of the prominent crypto exchanges catering to retail and institutional clients in the Middle East. CoinMENA is a licensed and regulated entity by the Central Bank of Bahrain and the Virtual Asset Regulatory Authority in Dubai, which aims to ensure a safe and compliant trading environment for investors. The team behind the project commented on the matter: This is a MAJOR listing for Floki adoption and our goal to become the world’s most known and most used cryptocurrency as it introduces Floki to key and affluent players in the Middle East and Arab regions. Massive Exposure In Times Square The Floki Inu team has launched an aggressive marketing campaign to drive adoption further and attract additional investments. Starting from March 15th and lasting for three months, Floki will be featured prominently on a massive double-sided HD LED screen in Times Square Plaza, New York.  This digital exhibition, located beside the Nasdaq billboard, will showcase a ten-second advertisement for Floki at least four times per hour, airing for 20 hours a day over 93 days.  This campaign will deliver a minimum of 7,440 ten-second spots, taking advantage of Times Square’s daily foot traffic of 330,000 visitors and an annual influx of 50 million people.  According to the announcement, the goal is to solidify Floki’s association with meme coins in people’s minds and take advantage of what the team expects to be the most “explosive bull run” in the crypto market. Related Reading: AI Crypto Tokens Like Render, WorldCoin Are Overvalued: Coinbase Research Featured image from Shutterstock, chart from TradingView.com

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Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon?

Floki Inu (FLOKI) performed stellarly this month, with crypto analysts and traders forecasting bullish moves for the token. As the crypto market recovers from its slowdown, with Bitcoin (BTC) leading the way, the dog-themed token appears to be preparing to take off. Related Reading: Dogecoin Soars 17% To Break $0.21 As Volume Explodes Analysts Share Bullish Forecasts For FLOKIs Future Two weeks ago, analysts considered that FLOKI was showing a strong performance amid the crypto market slowdown. The token, which has been on an upward trajectory since the end of February, held up nicely at the time. While most of the market registered considerable dips, FLOKI was one of the tokens consolidating before another expansion. Halfway through the month, the Viking dog-themed cryptocurrency had shown a 337% growth since March 1st, after hovering between $0.000028-$0.000039 for the first two months of 2024. Now that March is near its end, FLOKI exhibits a staggering 428.3% increase in the last 30 days. This performance didnt go unnoticed by crypto analysts, who forecast new heights for the token. MacroCRG, a crypto trader and market analyst, shared his thoughts on the tokens price. The analyst considers that beyond FLOKIs impressive performance throughout the month, it was showing strength on LTF’s too. $DOGE leading the charge, just hit a fresh 121 week high This is wildly bullish for other blue chip memes$FLOKI showing strength on LTF's too As long as this recent low holds, fresh highs soon IMO pic.twitter.com/cmPn89x7a7 — CRG (@MacroCRG) March 28, 2024 In the posts chart, the trader highlighted the performance since Monday, pointing out the tokens support zone above the $0.00022 price range. According to MacroCRG, as long as this recent low holds, fresh highs soon. Similarly to MacroCRG, analyst Crypto Kaleo drew attention to the dog-themed tokens LFT, claiming it looks like its starting to send. Something like this for $FLOKI pic.twitter.com/dEUa9pBUvi — K A L E O (@CryptoKaleo) March 28, 2024 In his posts, Kaleo suggested to his followers not to sleep on FLOKI here. According to the analyst, the token wont be lagging behind ATH resistance too much longer.  He concluded that sooner rather than later, FLOKI could make new heights like the DOGE chart. Lastly, crypto analyst The CryptoBull shared his bullish prediction about the token, suggesting it is going through a beautiful re-accumulation phase. Additionally, the analyst stated he noticed a shift in interest for the dog-themed memecoin, as crypto is very momentum driven. FLOKI Price Action As of this writing, FLOKI has surged 7.7 % in the past hour, with the price briefly surpassing the $0.000260 mark before retracing to the $0.000255 level. In the last 24 hours, the token has increased 9.8%, trading at $0.0002554. Despite the remarkable long-term performance and the recent surge, the token is still registering a 10.6% correction from its performance in the biweekly timeframe. Its market capitalization rose to $2.39 billion, an 8.4% surge in the past day. By this metric, FLOKI is the fifth largest memecoin and the 56th largest cryptocurrency, according to CoinMarketCap data. Moreover, the daily trading volume suggests that the token has recently experienced a surge in market activity. It has increased 56.6% from the day before, with $690.6 million traded. Related Reading: Ethereum Price May Have Another Chance For A Bullish Streak: Heres How Floki is trading at $0.000263 in the 3-day chart. Source: FLOKIUSDT on Tradingview.com  Featured Image from Unsplash.com, Chart from TradingView.com

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Floki Inu Roadmap Reveals Plans For Regulated Bank Accounts, FLOKI Faces 17% Downtrend

The development team behind the dog-themed meme coin Floki Inu has unveiled its highly anticipated roadmap for 2024, revealing several upcoming features and utility-focused initiatives.  Notable highlights include the launch of regulated digital banking accounts, integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release. Floki Inu Aims To Bank The Unbanked Floki Inu plans to introduce regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens.  Related Reading: Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning? In partnership with an unnamed licensed fintech company operating in key jurisdictions such as Canada, Spain, Dominica, Australia, and the UAE, these accounts will support SWIFT payments and SEPA IBANs.  In addition, the upcoming launch of Floki Debit Cards will allow users to link their digital bank accounts to debit cards, providing a convenient and secure way to spend their FLOKI tokens in traditional currencies such as Euro (EUR) and US dollars (USD).  According to the proposal, the initiative aims to “bank the unbanked” by enabling a broader user base to access traditional banking services using their FLOKI tokens while increasing the utility and adoption of cryptocurrency. Pending governance approval, Floki Inu also seeks to list its native token, FLOKI, on the Venus Core Pool. This integration aims to unlock deeper liquidity, comparable to established blue-chip cryptocurrencies and allow FLOKI holders to use their tokens as collateral to borrow various assets such as Maker (DAI), Circle’s USDC stablecoin, Binance Coin (BNB) and Ethereum (ETH).  By integrating Venus Markets directly into Floki’s user interface (UI), the protocol states that users will have frictionless access to the liquidity provided by the platform, further integrating Floki into the decentralized finance ecosystem. FLOKI-Powered Trading Bot And Valhalla Mainnet Launch Floki Inu plans to introduce a cross-chain Telegram and Discord trading bot powered by the FLOKI token. This bot will allow users to buy and sell cryptocurrencies on leading blockchain networks. Specifically, 50% of the fees generated will be used to buy and burn FLOKI tokens, increasing their utility and contributing to a deflationary mechanism.  Finally, the highly anticipated mainnet release of Valhalla, Floki Inu’s flagship utility and metaverse game, will occur. Valhalla on the Mainnet will feature on-chain game mechanics, a PlayToEarn economy, upgradeable NFTs, and an open-world experience.  Related Reading: Bitcoin Spot ETFs See 4 Consecutive Days Of Outflows, Heres What Happened Last Time As of this writing, the FLOKI token has experienced a correction of over 17% in the past seven days, aligning with the overall market trend. This correction has resulted in the current trading price of $0.0002295 for the FLOKI token. Despite the recent downtrend, it is worth noting that FLOKI has still achieved a remarkable year-to-date gain of 440%. This substantial increase in value has propelled the token’s market capitalization to $2 billion, solidifying its position at the 59th spot among the top 100 cryptocurrencies in the market. Featured image from Shutterstock, chart from TradingView.com

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FLOKI Skyrockets 32% Higher Following DWF Labs $10 Million Acquisition Plan

In a significant development for the Floki Inu memecoin, digital asset market maker investment firm DWF Labs has revealed its plans to purchase $10 million worth of FLOKI tokens. The announcement has triggered a remarkable surge in the token’s price, propelling it to a new 9-month high at $0.00005097. DWF Labs Strengthens Partnership With Floki Inu According to the official statement, DWF Labs will acquire the tokens directly from the Floki treasury over two years, reflecting DWF Labs’ commitment to support the protocol’s ecosystem.  As announced, the firm recognizes the potential for an “explosive” bull run in the cryptocurrency industry and aims to leverage FLOKI’s utility and marketing strength to capitalize on this opportunity. The partnership between Floki and DWF Labs was initially established in May 2023, when DWF Labs purchased $5 million worth of FLOKI tokens. Since then, DWF Labs has played a pivotal role in boosting FLOKI adoption.  Related Reading: Bitcoin Fear & Greed Index Reaches Highest Level Since 2021, What To Expect Next Through the partnership, DFW Labs reportedly facilitated key exchange listings, introduced Floki to influential industry projects, and publicly championed the token’s progress and achievements. DFW Labs concluded in the announcement: This massive FLOKI token purchase will further deepen our relationship with DWF Labs while strategically positioning FLOKI for dominance in an increasingly competitive landscape during this bull run Price Soars, TVL Rises, And Chinese TV Exposure Exciting developments continue for FLOKI as it gains significant exposure on China’s national sports TV channels, CCTV5 and CCTV5+. This exposure results from a strategic market partnership announced in 2023, which took place during the ITTF World Team Table Tennis Championships Finals in Busan 2024. According to the memecoin development team, this opportunity to be featured on mainstream Chinese television has introduced Floki and its sister asset, TokenFi (TOKEN), to an extensive audience of over 340 million people and solidified their presence in the Chinese market. The Floki Inu team expressed their excitement about this milestone, emphasizing that being featured on mainstream Chinese television is remarkable, making them among the very few cryptocurrencies to receive such recognition. Related Reading: Bitcoin Spot ETF Inflows Eye New Record As BTC Price Touches $57,000 Another achievement for Floki Inu is the success of their FlokiFi Locker, a decentralized finance (DeFi) crypto locker protocol. The team announced that the Total Value Locked (TVL) in the FlokiFi Locker had reached an all-time high of $111 million, setting a new record and highlighting the widespread adoption of the token’s utility products. In addition, the team announced that the total value locked for staked FLOKI tokens has reached an all-time high of $105 million. This represents 25% of the token’s supply, with $105,313,899 worth of tokens locked and staked for up to 4 years. This position of dominance in staking distinguishes the dog-themed token from other major “memecoins” such as DogeCoin (DOGE), Shiba Inu (SHIB), BONK, and PEPE, as FLOKI has the largest share of its supply staked among them. The memcoin token is trading at $0.00004080, maintaining its gains with a surge of over 32% in the last 24 hours. As a result, the market capitalization has jumped to nearly $500 million, reaching $475 million, according to the latest update. Additionally, the trading volume for FLOKI has significantly increased, reaching $204 million in the past 24 hours. Featured image from Shutterstock, chart from TradingView.com

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FLOKI Poised To Follow Dogecoin In Memecoin ETP Ranks After DAO Nod

FLOKI is poised to become the second memecoin to launch a regulated Exchange-Traded Product after Dogecoin, following a decisive Floki DAO vote that approved allocating tokens for ETP liquidity. The proposal won overwhelming support, with 332.7 billion token (99.9%) voting in favor, 328.9 million token abstaining, and none opposinga result the team described as the first time a DAO proposal passed without any vote against it. The proposal, which was the first time ever in which a Floki DAO proposal has been passed without a single opposing vote, will result in a portion of 16,310,285,772.6 FLOKI tokens currently residing in a community buyback wallet being used to provision liquidity for the Floki ETP while the rest is burned, the official announcement from the team via X emphasized. FLOKI Aims To Mirror Dogecoin Community members see this as a landmark event, as the Floki ETP is scheduled to debut in early Q1 2025 in collaboration with what the team calls a respected Asset Manager and an ETP Issuer. According to Floki representatives, it will be listed on the SIX Swiss Exchange, recognized as one of the largest stock exchanges in Europe, thus elevating FLOKIs profile in traditional financial markets. Related Reading: FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny Currently, Dogecoin remains the only other memecoin with a live ETP, although that product is traded on Swedens Spotlight Stock Market; the team notes that listing on Switzerlands exchange has the potential to draw broader attention from both institutional and retail investors seeking regulated access to crypto assets. When it goes live, the Floki ETP will allow institutional investors, regulated entities and retail investors to get exposure to FLOKI in a regulated way. This is a big move that is almost unprecedented in this space, because Dogecoin is currently the only memecoin in the WORLD, with a live ETP –and Floki could become the next memecoin with an ETP besides Dogecoin, the DAO proposal stated. While many details remain under wraps due to nondisclosure agreements, the team further revealed that any tokens allocated for liquidity will remain the property of Floki itself, meaning they can be withdrawn if there is enough third-party liquidity in the ETP later on. Related Reading: Floki Inu Warning: Analyst Says Prepare For The Crash Details This news comes on the heels of a recent meeting of the Commodity Futures Trading Commissions Global Markets Advisory Committee, where the memecoin was used as a case study of a utility token. Observers have noted that any regulatory attentionparticularly of this kindcan boost a tokens credibility in a market that remains sensitive to compliance signals. The DAO-centric approach continues to be a cornerstone of the tokens philosophy, with frequent community votes and proposals shaping the projects direction. Members have consistently backed initiatives focused on increasing recognition of the memcoin, which the team says aims to be the worlds most known and most used cryptocurrency. Reaction from the wider crypto community has also been enthusiastic. Crypto analyst Shelby, who has a substantial following, remarked via X: Huge milestone – FLOKI about to make history as 2nd memecoin ETP! Clear sign of institutional adoption while keeping decentralized roots. Not DOGE, not SHIB, but FLOKI leading the charge in bridging TradFi and DeFi. At press time, FLOKI was trading at $0.0001798. Thus, the memecoin has reclaimed the 200-day EMA, a crucial line often referred to as a bull line. However, the memecoin is still trading below the major resistance area between $0.000205 and $0.000215 (shown in red on the chart). Reclaiming this zone could open the gates for a new run toward the yearly high of $0.000349 from June. Featured image created with DALL.E, chart from TradingView.com

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FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny

FLOKI is navigating a critical moment as technical indicators flash bearish signals, raising concerns over its ability to maintain support at $0.000110. With downward momentum building and sellers gaining strength, this support level has become a focal point for traders watching for signs of stability or further decline. As the market turns cautious, the strength of FLOKIs support will be crucial in determining its next move and whether it can withstand the current downtrend. This analysis aims to assess the current technical indicators signaling bearish pressure for FLOKI and evaluate the potential resilience of the $0.000110 support level. By examining key indicators and market dynamics, this piece aims to provide insight into whether the meme coin can hold steady at this critical threshold or if further downside risks loom. Is FLOKIs $0.000110 Support In Danger? On the 4-hour chart, FLOKI is exhibiting negative momentum, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $0.000110 support level. A continued descent toward this support suggests that selling pressure is intensifying, and if the support fails to hold, FLOKI could experience more declines. Also, the 4-hour Composite Trend Oscillator for FLOKI indicates bearish movement, with the signal line crossing below the SMA line and dropping below the zero line. This shift suggests increasing selling pressure, favoring sellers and raising concerns about potential further declines in price. Related Reading: Floki Inu Warning: Analyst Says Prepare For The Crash Details On the daily chart, the meme coin displays significant downward momentum, highlighted by a series of bearish candlestick patterns that have emerged following a failed recovery attempt. The inability to sustain upward movement after the recovery attempt suggests a lack of buyer confidence and a prevailing bearish sentiment in the market. As FLOKI trends toward this support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown. A thorough examination of the 1-day Composite Trend Oscillator reveals that the asset is positioned for possible extended losses. The signal line has crossed below the SMA line and is trending downward beneath the zero line, signaling a notable shift in momentum toward the negative. If this downward trend continues, FLOKI may face substantial challenges in regaining upward traction, leading to an extended period of diminished price movement and increased bearish sentiment in the market. Testing Times Ahead For FLOKI FLOKI is nearing a pivotal point as it approaches the $0.000110 support level. If the asset breaks this critical threshold, it could trigger an additional decline, potentially leading the price down to the $0.00005381 level and other subsequent support areas. Related Reading: Floki Bullish Breakout Ignites: Could A 96% Surge Be Next? Conversely, should the meme coin manage to hold the $0.000110 support level, it could establish a base for a possible rebound, paving the way for a price increase toward the $0.0002105 mark and other resistance levels. Featured image from Adobe Stock, chart from Tradingview.com

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FLOKI Master Plan: Crypto Analyst Predicts 2,000% Jump For The Shiba Inu Competitor

Despite being in a downward trend all week, Floki (FLOKI) remains significantly bullish, according to a crypto analyst. Basing his analysis on similarities between past price movements, the analyst has outlined a master plan for Floki, predicting that the popular meme coin and Shiba Inu competitor is set for a 2,000% surge.  Analyst Reveals The Floki Master Plan In a recent X (formerly Twitter) post, crypto analyst, Master Kenobi discussed Flokis past price movements, identifying a unique recurring chart pattern that could indicate a future price spike for the cryptocurrency. The analyst predicted that if Floki can continue this recurring pattern, a massive price pump could happen around October 22.  Related Reading: Crypto Capo Returns After 2 Months To Predict Ethereum Decline To $1,800, Is It Time To Go Long? According to the analyst, the Viking-themed meme coin experienced a sharp rise of about 92X over 112 days starting from July 5, 2021, followed by a long decline spanning 224 days, where its price crashed by a whopping 98.5%, reaching its bottom.  Notably, the analyst asserted that after hitting that strategic low point, Floki had entered a more structured growth phase. On the Floki chart, Kenobi also identified three periods of price consolidation represented by distinctive purple triangles with similar heights but varying lengths.  The analyst disclosed that inside these triangles, the price behavior of Floki becomes relatively predictable, marked by a red triangle. The lower half of this red triangle is seen as the best accumulation zone for investors, reflecting the most optimal entry point for Flokis next upward move.  Kenobi identified a recurring pattern where Floki typically exited this triangle around October 22 each year, representing the beginning of a new phase of consolidation followed by a massive price pump. He noted that this price pump is often signaled 35 days before the formation of the aforementioned red triangle.  Continuing on this trend, the Shiba Inu competitor experienced another 11X increase 112 days after exiting the purple triangle on October 24, 2024. Similarly, after the meme coin moved out of the purple triangle on October 24 2023, it jumped 22X in 133 days.  Based on this recurring pattern, Kenobi has suggested that Flokis magical date for a potential bullish surge is likely around October 22. The analyst has forecasted that if the pattern holds, investors should expect a price rise followed by 3 months of strong consolidation.  A 2,000% Price Pump To $0.002 Based on Kenobis observations highlighted above, he predicts that Floki could either witness a 1,000% surge to new highs or a 2,100% increase. The analyst disclosed that if the first scenario in 2021 repeats, after 112 days of consolidation, Floki could see its price skyrocketing by 11X to reach $0.0011. Additionally, its market capitalization is expected to increase to above $12 billion.  Related Reading: Crypto Analyst Says Solana-Based BONK Is In Prime Position For Legendary Rally In contrast, if the second trend pattern in 2023 occurs this year, the price of Floki could jump to $0.0023 in 133 days, marking a 22X increase and a rise in its market capitalization to $25 billion. Despite Floki declining by over 21% this past week and plummeting again by 1.29% in the last 24 hours, Kenobi has confidently stated that his bullish projections are a perfectly achievable and realistic goal for the meme coin, which, as of writing, is trading at $0.00013.  Featured image created with Dall.E, chart from Tradingview.com

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