As an experienced crypto analyst with a deep understanding of the meme coin market, I’m bullish on Floki (FLOKI) and believe it has significant potential compared to other blue-chip meme coins like Dogecoin (DOGE). After careful analysis, I’ve noticed that FLOKI has held its multi-month range without breaking down despite the recent market downturn. This resilience is a strong indicator of its underlying strength and potential for growth.
Expert’s Perspective: Crypto expert Timeless Crypto has put forth a bullish argument for Floki, justifying his preference for this meme coin over established meme coins such as Dogecoin (DOGE). The analyst is optimistic about Floki’s potential growth and anticipates a significant price surge by the end of the year.
Why This Analyst Is Bullish On Floki
In a recent post on X, formerly known as Twitter, Timeless Crypto expressed that FLOKI has persisted in a prolonged price range without collapsing, even amidst the devastating crypto market crash last week. The crypto pundit disclosed this information while adding that among the established memes, FLOKI is his primary investment choice and he intends to keep it through the predicted year-end surge.
The analyst implied that investors should consider purchasing FLOKI due to its appealing valuations in the altcoin market. He doesn’t view this investment as a short-term gamble, but rather an opportunity to allocate more funds towards buying FLOKI at present.
Timeless Crypto anticipates realizing profits from his investment in the meme coin by the end of Q4 this year. He believes that significant price increases are expected for this coin during this period. Notably, this meme coin has already achieved remarkable growth in 2021, with a YTD increase surpassing 300%.
As a researcher studying the cryptocurrency market, I’ve noticed that Timeless Crypto isn’t alone in their bullish outlook towards meme coins, specifically FLOKI. Similarly, Crypto Bull, another crypto analyst, has recently shared his analysis on FLOKI, advocating for patience and implying that the meme coin could be on the verge of a significant price surge. The chart he presented shows that FLOKI is currently in consolidation, indicating a strong possibility that it will reach new all-time highs when it resumes its upward trend.
Reaching A Market Cap Of $10 Billion
Expert’s response:
As an analyst, I’ve taken note of Crypto Kaleo’s observation that FLOKI has the potential to achieve significant growth during this meme coin super cycle. He further considered the impending price discovery of Binance Coin (BNB). In my assessment, FLOKI could potentially profit from BNB reaching new price peaks. I characterize FLOKI as a “high BNB beta meme play,” implying that its price movements may be influenced by the price fluctuations of Binance Coin.
Currently, FLOKI is priced approximately at $0.000147 on the market, representing a more than 7% increase within the past 24 hours based on information from CoinMarketCap.
Read More
- BCH PREDICTION. BCH cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Best Goomba Characters In Mario Games, Ranked
- SOL PREDICTION. SOL cryptocurrency
- USD RUB PREDICTION
- USD PHP PREDICTION
- Top gainers and losers
- USD COP PREDICTION
2024-07-10 01:11