FLOKI vs Dogecoin: Buy, Sell or Hodl in June?

June Cryptocurrency Market Recovery

The cryptocurrency market has rebounded from a recent downturn, with Bitcoin surpassing the $70,000 mark and trading above $71,000. Altcoins have also performed well, with Toncoin (TON), Floki Inu (FLOKI), and Binance Coin (BNB) reaching new all-time highs on June 5, 2024.

FLOKI vs Dogecoin: Market Performance

FLOKI has outperformed Dogecoin in recent trading. Floki Inu is currently trading at $0.0003328, with a 25.14% gain over the past day, 14.76% over the past week, and 70.81% over the past month. Its market cap has risen to $3.18 billion, making it the 36th largest cryptocurrency. FLOKI has also witnessed increased trading volume, reaching $1.38 billion in the past 24 hours.

In contrast, Dogecoin is trading at $0.1635, with a 3.44% gain over the past day. However, its performance over the past week and month has been relatively flat. DOGE remains the 8th largest cryptocurrency with a market cap of $23.64 billion, but it is still down 77.76% from its all-time high of $0.7376 set in May 2021.

FLOKI vs Dogecoin: Technical Analysis

Technical indicators suggest a bullish outlook for FLOKI. Its moving averages, both short-term and long-term, show a buy signal. Oscillators are mostly neutral but slightly lean towards buy. However, the RSI indicates a potential pullback due to overbought conditions.

Conclusion

FLOKI has shown stronger momentum than Dogecoin in the current market. Its technical indicators suggest a continuation of the bullish trend, while Dogecoin remains relatively stagnant. Investors should consider these factors when making decisions regarding FLOKI and DOGE.