A cryptocurrency analyst has predicted that the prominent meme coin and Shiba Inu’s rival, FLOKI Floki is expected to surge to new highs like Dogecoin. This bullish prediction comes on the heels of Floki’s recent listing on a leading cryptocurrency exchange, Bitstamp.
Analysts expect Floki stock to surge similar to DOGE
In X (formerly Twitter) mail On July 26, a cryptocurrency analyst known as “Schofield” shared a very bullish outlook on Floki, emphasizing the cryptocurrency’s fundamental strengths and its huge potential for future growth. Schofield noted that dog-themed meme coins like Dogecoin (DOGE) and Floki were Show strong performance During the current recovery period of the cryptocurrency market.
With a market cap of over $19.4 billion and $10.13 billion, Dogecoin And Shiba Inu Both Floki and Mac are among the leading cryptocurrencies among meme coins. Meanwhile, Floki, with a market cap of over $1.72 billion, is the leader among cryptocurrencies. SHIB’s main competitorThe cryptocurrency analyst is expected to closely follow the bullish price movements of Dogecoin.
In his post, Schofield hinted that Floki might be on the verge of Rise like dogecoinnoting that the meme coin had recently been operating as “Dogecoin Beta.” This description suggests that Floki was acting like a more volatile version of Dogecoin.
Schofield maintains a strong bullish stance on Floki future price predictionsThe analyst emphasized that the cryptocurrency has proven its resilience over time with strong fundamentals. While the analyst did not specify how much the popular coin could appreciate, he revealed that several upcoming major events could serve as important catalysts to further boost Floki’s performance.
Speaking of bullish events, on July 25, Bitstamp Advertise Floki has announced that it will be supporting Floki on its exchange. This news comes as a welcome surprise to members of the Floki community, with many analysts seeing the new listing as a major milestone and potential bullish catalyst for Floki.
Scofield has described Integrate Floki into Bitstamp The analyst also noted that Floki has become one of the few coins listed on Bitstamp, one of the oldest and largest cryptocurrency exchanges in Europe.
Analyst Identifies Floki as the Next Big Meme Coin
in another place X PostSchofield announced that Floki is the second largest meme coin on Ethereum, after PepperThe analyst revealed that despite recent developments, Market correctionFloki has remained one of the strongest performing meme coins.
According to CoinMarketCap data, Floki The cryptocurrency is currently trading at $0.0001822, which is a slight increase of 0.40% in the last 24 hours. The cryptocurrency has been on a significant downtrend over the past week, falling by around 6% over the past seven days.
Schofield confirms that the team behind Floki continues to hint at important announcements, which could positively impact the performance and price of the meme coin.
Featured image from Reddit, chart from TradingView
