Floki (Floki) This lucky meme coin might be the one stealing the show this time around. Taurus cycleas one cryptocurrency analyst predicted that Dogecoin (DOGE) would reach this high. The fulfillment of this prediction is sure to spark excitement within the Floki community, especially with Meme Coin Continues to Gain More Momentum Despite the low prices.
Floki Will Become the “Dogecoin of This Rise”
The cryptographer has been identified as Schofield. Proposed The current downtrend of the market presents an opportunity for investors to buy and Collect cryptocurrencies at a lower priceRecently, the market has been plagued by bearish sentiment, causing prominent cryptocurrencies like Bitcoin (BTC) Ethereum (ETH) will drop significantly.
Even popular meme coins like Dogecoin and Shiba Inu (SHIB) Cryptocurrencies have seen their share of price declines, underscoring the low investor demand for these meme-based cryptocurrencies amid broader market volatility. While many may see Market trend is downward Schofield sees this as a major opportunity for investors, amidst the pessimism.
The analyst highlights Floki, a coin inspired by SpaceX CEO Elon Musk’s dog, as a particularly promising cryptocurrency. Schofield noted that Floki has gained strong institutional backing and has become a favorite among smart money investors.
In addition, Schofield revealed that Floki has performed better. In terms of fundamentals, it compares favorably to other popular meme coins like Pepe (PEPE), Dogwifhat (WIF), and SHIB. As a result, the analyst believes that Floki has the potential to become the next bull’s Dogecoin, indicating the potential of the Viking-themed meme coin. make big profits This is the bull cycle.
Although this prediction can be attested to by many Shiba Inu supporters, as the Shiba Inu has been consistently praised as a “Dogecoin killerHowever, unlike the Shiba Inu, Floki continued to get a positive outlook Despite facing some recent price declines, the cryptocurrency saw a significant price surge following news of its charitable initiative. Building a school in India.
Additionally, CoinMarketCap data reveals that Floki price Saudi Telecom Company (STC) shares rose by 2.39% in the past 24 hours, while its market value increased by 1.92%.
Analyst Expects Another Low for Floki
A crypto analyst known as Dona on X, has Issued Floki’s cautionary outlook, predicting the meme coin could see another dip before Possible price recoveryEarlier on July 8, the analyst predicted that a drop below $0.0001 for Floki was inevitable.
Now, Donna has reinforced his predictions by presenting a price chart that confirms the ongoing bearish trend of the meme coin. He has predicted that the price of Floki could drop below $0.000085 in the near term. This pessimistic expectations This comes amidst recent price declines that Floki has seen over the past few weeks.
CoinMarketCap reports that the price of FLOKI has dropped by a staggering 22.84% in the past seven days and is currently trading at $0.00012.
Featured image created using Dall.E, chart from Tradingview.com