Memecoin That’s Exploded Over 1,000% in Four Months Set To Skyrocket by Over 3x, According to Crypto Analyst

Dogecoin Rival Floki Poised for Massive Surge, Claims Crypto Analyst

Renowned crypto analyst Kaleo believes Floki (FLOKI), a Dogecoin (DOGE) competitor, is poised for further substantial gains.

According to Kaleo, FLOKI's market capitalization could reach or exceed $10 billion, a threefold increase from its current valuation.

The analyst cited a bullish "cup-and-handle" pattern in FLOKI's price chart as a technical indicator of its growth potential. He noted that similar patterns have preceded significant price increases in other cryptocurrencies.

"[FLOKI is] retesting its 2021 all-time high, forming a clean cup and handle, and benefiting from Binance's BNB Chain being in an uptrend," Kaleo stated.

He also drew parallels between FLOKI's current price pattern and that of Pepe (PEPE), another successful meme cryptocurrency, indicating that FLOKI could follow a similar upward trajectory.

With a current market capitalization of $3.1 billion, FLOKI is trading at $0.0003182 at the time of writing. This represents a remarkable 1,000% increase since its $0.0000269 price point on February 5, 2023.

Source: Kaleo/X