As an analyst with over two decades of experience in the crypto market, I find myself drawn to the resilience and potential of the meme coin FLOKI. Having witnessed the evolution of the crypto landscape from DeFi to NFTs, gaming, metaverse narratives, and now memes, I can confidently assert that this is the era of the humorous and simple.
According to crypto expert Master Kenobi, he’s shared new insights into his strategy for FLOKI. As it turns out, his original predictions were off the mark. Now, he’s discussing potential steps forward for FLOKI, which is a rival to Shiba Inu, in light of this recent development.
FLOKI Master Plan Invalidated But Might Be A Good Thing
Master Kenobi revealed in an X post that the FLOKI Master Plan looks to have been invalidated. However, he believes that this is actually good news rather than bad for the Shiba Inu competitor. He went on to explain why this is a good thing for the meme coin, providing reasons why FLOKI is bound to thrive in this market cycle.
Initially, the analyst pointed out that the cryptocurrency landscape has progressed past DeFi, NFTs, gaming, metaverse discussions, and now primarily revolves around memes. In support of this observation, he expressed his belief that meme-based coins will lead the current market surge. He further stated that crypto initiatives appear more trustworthy when they are easy to understand and incorporate a humorous element, which is why he predicts memes, like FLOKI, will prosper in this market trend.
Later on, Master Kenobi pointed out that FLOKI has managed to catch his interest for several notable reasons. He hinted at the fact that this meme coin stands out as the leading meme within the Binance Smart Chain (BNB) ecosystem. Additionally, he noted that BNB is the unique blockchain infrastructure that is undergoing continuous development.
Aspects Of The Meme Coin That Are Eye-Catching
Initially, the analyst noted a recurring pattern in FLOKI’s chart.
The analyst thinks a scenario akin to what’s happening on the BNB chain could occur again. He pointed out that it’s crucial for BNB not to cede its market cap dominance to SOL. Furthermore, he noted that due to Binance being the leading centralized exchange (CEX), BNB is strategically positioned to hold off Solana (SOL).
However, Master Kenobi noted that BNB will also need a flagship meme, which is where FLOKI comes in. He believes Binance has seen the need for a flagship meme coin, which is why it supports a few meme projects, including FLOKI.
Using a skilled workforce, a game prepared for release, an impressive market value of $1.25 billion backed by Binance, and the analyst pointed out that this rival to Shiba Inu appears to have all the necessary elements to emerge as a significant player during the upcoming market surge.
According to Master Kenobi’s earlier FLOKI Master Plan, he foresaw a significant increase in the value of the meme coin on October 21st. He suggested that this surge might not occur due to the approaching bull market, where high volatility and unpredictability are favored. The analyst also predicted that the price explosion for FLOKI could happen around mid-December, coinciding with the anticipated rise of Dogecoin and other altcoins.
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2024-11-04 16:41