Is a Price Surge Coming for Floki? Analyst Suggests Similar Potential to Dogecoin’s Boom

The world of meme coins has witnessed remarkable gains, as evidenced by numerous stories of individuals going from rags to riches in this captivating ecosystem.
Advertisement

As we approach the bullish market of 2024, the esteemed crypto analyst Inmortal has identified the one memecoin that he believes will outperform all others in this market cycle.
Floki – The Next Game-Changer
In a recent tweet, the influential analyst Inmortal boldly predicts that $FLOKI will emerge as the next big thing in the realm of meme coins during this bull run. He draws this conclusion by drawing a parallel between Floki and the journey of Dogecoin, a popular cryptocurrency.
$FLOKI
is THE memecoin to watch in this bull run.
You can try to change my mind, but you won’t succeed.
pic.twitter.com/PkGh30kDxS
— Inmortal (@inmortalcrypto)
February 4, 2024
To support his claim, Inmortal shares a graph comparing the early trajectory of Dogecoin with the current state of Floki. The graph reveals a similar initial stagnation in the value of Dogecoin, mirroring the current state of Floki.
Interestingly,
Dogecoin experienced
a sudden surge in popularity, resulting in a remarkable increase in its price.
The analyst suggests that Floki may follow a similar path, anticipating a surge in popularity that could propel its price to new heights.
Floki Price Analysis
According to the Floki Inu
price prediction,
there is a potential decrease of -7.24%, projecting the price to reach $ 0.00002591 by February 12, 2024. Despite this projection, technical indicators indicate a bearish sentiment, while the Fear & Greed Index stands at 62 (Greed).
At present, FLOKI is
valued at $0.00002782,
reflecting a 1.7% increase, with a market cap of $263.46M. Simultaneously, the trading volume stands at $10.68M, marking a 2.24% change in the last 24 hours.