Floki (FLOKI) could be the lucky meme that steals the show in this bull cycleand a cryptocurrency analyst predicts that it could become the Dogecoin (DOGE) of this bull market. The fulfillment of this prediction will surely generate excitement in the Floki community, especially since meme coin continues to gain popularity despite the fall in prices.
Floki will become the “Dogecoin of this bull market”
A cryptocurrency analyst named Scofield has suggested that the current downward trend in the market creates an opportunity for investors to buy and collect cryptocurrencies at a lower priceThe market has been in a bearish mood recently, causing a decline in such well-known cryptocurrencies as Bitcoins (BTC) and Ethereum (ETH) will fall drastically.
Even popular meme coins like Dogecoin and Shiba Inu (SHIB) experienced their own share of price declines, underscoring dwindling investor demand for these meme-based cryptocurrencies amid broader market volatility. While many may have seen market downtrend Scofield, though negative, sees this as a great opportunity for investors.
The analyst points out that Floki, a coin inspired by SpaceX CEO Elon Musk’s dog, is a particularly promising cryptocurrency. Scofield noted that Floki has gained sturdy institutional support, becoming a favorite among clever money investors.
In addition, Scofield revealed that Floki did better in terms of fundamentals compared to other popular meme coins such as Pepe (PEPE), Dogwifhat (WIF), and SHIB. As a result, the analyst believes that Floki has the potential to become the Dogecoin of the upcoming bull run, indicating the potential of the Viking-themed meme coin achieve significant benefits this growth cycle.
Although this prediction could be confirmed by many Shiba Inu breed supporters, as the SHIB is consistently considered to be “Dogecoin Killer.” However, unlike the Shiba Inu, Floki still gain a favorable perspective despite recent price drops. The cryptocurrency saw a significant price jump following news of its charitable initiative build a school in India.
Additionally, CoinMarketCap data reveals that Floki’s Price is up 2.39% in the last 24 hours, while its market capitalization is up 1.92%.
Analyst predicts another low score for Floki
The cryptocurrency analyst known as Dona on X has released a cautious look at Floki, predicting that the meme coin could hit another low before potential price recoveryEarlier on July 8, the analyst predicted that a drop below $0.0001 for Floki was inevitable.
Now, Dona has reinforced his prediction by presenting a price chart that highlights the meme coin’s ongoing downtrend. He predicted that Floki’s price could drop below $0.000085 in the near future. negative projection It comes against the backdrop of price declines that Floki has experienced over the past few weeks.
CoinMarketCap reported that the price of FLOKI has fallen by a staggering 22.84% over the past seven days and is currently trading at $0.00012.
Featured image created with Dall.E, chart from Tradingview.com
