Analyst Says Floki Could Boom Like Dogecoin: Is a Price Surge Coming?

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The meme space has become a hotspot for incredible gains, evident from numerous rags-to-riches stories highlighting the profitability of this entertaining ecosystem.

As 2024 gears up for a bullish market, renowned crypto analyst Inmortal, has picked the one memecoin he thinks will do better than all the others in this market cycle.

Floki – The Next Big Thing

In a recent tweet, prominent analyst Inmortal boldly predicts that $FLOKI will become the next big thing in the world of meme coins during this bull run. He’s making this prediction by comparing it to the journey of Dogecoin, a popular cryptocurrency.

Inmortal supports this claim by sharing a graph comparing the early trajectory of Dogecoin with the current state of Floki. The graph illustrates a similar initial flatness in the value of Dogecoin, mirroring the current situation of Floki. 

Significantly, Dogecoin saw a sudden rise in popularity, resulting in a remarkable increase in its price. 

The analyst suggests that Floki might follow a similar path, expecting a surge in popularity that could push its price to reach new highs.

Floki Price Analysis

The Floki Inu price prediction indicates a potential decrease of -7.24%, projecting the price to reach $ 0.00002591 by February 12, 2024. Despite this prediction, technical indicators suggest a bearish sentiment, while the Fear & Greed Index registers at 62 (Greed).

As of now, FLOKI is valued at $0.00002782, reflecting a 1.7% increase, with a market cap of $263.46M. Concurrently, the trading volume stands at $10.68M, marking a 2.24% change in the last 24 hours.