Cryptocurrency analyst Timeless Crypto has made a bullish case for Flokiexplaining why he prefers the meme coin over other high-value meme coins like Dogecoin (DOGE)The analyst also predicted that FLOKI could achieve major success by the end of the year.
Why is this analyst bullish on Floki?
Timeless Crypto was mentioned on X (formerly Twitter) mail FLOKI has continued to hold its number for several months without collapsing despite blood bath The crypto analyst made the statement while also revealing that among the high-value memes, the meme coin represents most of his immediate investments and that he will continue to hold it during the expected rally at the end of the year.
The analyst also appears to be advising market participants to consider investing in Floki, He also noted that this is an area where altcoins are entering “very attractive valuations.” At the same time, the analyst added that he does not view altcoins as a short-term play. As such, he has deployed more capital to invest in the meme coin as it now presents a buying opportunity for FLOKI.
Timeless Crypto is looking to make a profit on its investment by Q4, as it expects the meme coin to have likely made a profit More price gains at that time. It is worth noting that the coin is already one of the best performing meme coins this year, with year-to-date (YTD) gains of over 300%.
Timeless Crypto isn’t the only one who is very bullish on the meme coin. Crypto analyst Crypto Bull recently gave his analysis of the meme coin and urged patience, suggesting that FLOKI could soon make a major move higher. The chart he shared showed that FLOKI was currently in a consolidation mode and could surge to a new high All Time High (ATH) In its next stage.
Reaching a market cap of $10 billion
Cryptocurrency Analyst Crypto Kalio king It was predicted in advance. He said that FLOKI will reach a market cap of $10 billion. He claimed that this could happen in the next phase of the meme coin’s bull run, stating that the meme coin could have a parabolic rally similar to the one that happened in 2011. Pepper Made on its way to New high at ATH earlier in May.
Crypto Kaleo also mentioned that FLOKI could reach such heights, considering that this is a super meme coin cycle. He also took into account the fact that BNP He was on the verge of a price discovery. He suggested that the meme coin could benefit from BNB hitting new highs, and noted that the former was a “high beta meme play for BNB.”
At the time of writing, FLOKI is trading at around $0.000147, up over 7% in the last 24 hours, according to Data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com