Crypto Analyst Who Called Dogecoin Price Surge Above $0.4 Says This Meme Coin Will Follow DOGE

Cryptographic analyzer Unix (Bunk Guy) She predicted the next meme would replicate Dogecoin’s recent price rise. The analyst rightly described Dogecoin’s rise above $0.4 while predicting that the first memecoin may still reach $1.

FLOKI is the next Meme Coin that will follow the price of Dogecoin

In X’s post, The Bonk Guy mentioned that FLOKI will be the next meme coin to follow Dogecoin price. He explained that the FLOKI chart historically mirrors the DOGE chart, suggesting that it won’t be long before it replicates the roughly 150% rise in Dogecoin’s price in the past seven days.

Dogecoin price added nearly $40 billion to the market cap during this period. Meanwhile, Punk Jay pointed out that FLOKI is still a small part of DOGE’s market capitalization She barely moved. However, the cryptocurrency analyst noted that the FLOKI spike may occur unexpectedly and catch the attention of many market participants.

He pointed out how he expected Dogecoin prices to rise for weeks and continued to ignore it until the explosive move finally happened. As such, the cryptocurrency analyst believes that market participants should position themselves now rather than wait for the explosive move to start and then start scrambling for a late entry.

Bonk Guy is confident that the price of Dogecoin may rise from its current level. However, I suggest betting on Phlox Might be a better bet. He claimed that beta betting has historically led to more upside in an uptrend and in a parabolic trend like the one happening now. The cryptocurrency analyst also mentioned that BONK and DOGE are the other two doge betas that investors should consider betting on.

BONK will also follow DOGE soon enough

Bonk Guy also gave a bullish outlook for BONK, predicting that the Solana meme coin will soon follow the price of Dogecoin. He pointed out that many take the truth of this for granted Bonk It is the only other memecoin listed on Coinbase besides this Dogecoin and Shiba Inu. He added that it is also the only new meme currency on the platform.

This is important since BONK can get a lot of exposure on Coinbase, which could lead to widespread adoption. Bonk Guy also highlighted the fact of this Bonk It is the only memecoin that has an exchange-traded product (ETP). This is another factor that could boost adoption of the meme, especially among institutional investors.

The Solana meme coin already looks ready for this rally, as Bonk Guy revealed that it just broke out of a one-year consolidation pattern. Therefore, higher prices may be imminent, as the MIM coin reflects Dogecoin price pool. In line with this, the analyst opined that BONK will pull “the mother of all rallies and liquidate an extraordinary amount of short positions very soon.”

Featured image created with Dall.E, chart from Tradingview.com