Floki Inu attracts all eyes
The cryptosphere has been eagerly anticipating the Bitcoin halving, and at the moment these same coins are mining the most! However, not everyone is in the same boat, and Floki Inu (FLOKI) is getting everyone’s hopes up this morning.
All investors seem to be eyeing the dog coin as its price exploded yesterday by 18%. A phenomenon that allowed it to overcome several key resistances and rise exponentially ever since.
Cryptoanalysts are excited about Floki Inu’s future. The course of the latter seems to chain the patterns of the cup and the handle. So this eminently bullish figure seems to open up good prospects this week.
CoinCodex confirms this phenomenon by predicting FLOKI at $0.0006 during the month of May, a 300% increase in the next year.
Other same coins are against the rise
Faced with the sudden development of Floki Inu, its community is already envisioning a meme coin that will take the lead in this category in the coming weeks. However, this was without taking into account the presence of the Shiba Inu, which gained 16% of its value in the last seven days, surpassing its competitor.
To go further: Coiny meme: 10 high-potential tokens to watch in 2024
BONK, a great pick of the Solana ecosystem, fared even better with a 26% increase. However, note that neither of these two tokens are currently benefiting from the attention that FLOKI is receiving. Only time will tell if it will hold up thanks to its current popularity.
Moral of the story: the same coin never explodes on its own.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased information, but market conditions may change without notice. Always do your own research and consult with an expert before making any financial decision.