Shiba Inu Competitor FLOKI Poised For Dogecoin-Like Rally – How High Can It Go?

Floki (FLOKI): A Dogecoin-Like Rally in the Making?

A prominent crypto analyst predicts a potential surge for Floki (FLOKI), a meme coin rivaling Shiba Inu. This bullish outlook follows Floki's recent listing on the reputable crypto exchange, Bitstamp.

Analyst Forecasts a DOGE-Like Upswing

In a recent tweet, analyst 'Scofield' expressed optimism for Floki, highlighting its strengths and growth potential. Scofield noted that dog-themed meme coins like Dogecoin (DOGE) and Floki have exhibited resilience during the market recovery.

Dogecoin and Shiba Inu, with market capitalizations of over $19.4 billion and $10.13 billion, respectively, dominate the meme coin category. Floki, with a market cap of $1.72 billion, is a major contender to SHIB. Scofield anticipates Floki may closely mirror Dogecoin's bullish price movements.

Floki as a "Dogecoin Beta"

Scofield suggests that Floki has been acting like a more volatile version of Dogecoin, hinting at a potential rally similar to that experienced by DOGE. The analyst remains bullish on Floki's future, emphasizing its durability and strong fundamentals.

Upcoming Catalysts

Scofield anticipates several upcoming events that may act as catalysts for Floki's performance:

• Bitstamp Listing: The recent listing on Bitstamp is a major milestone for Floki, as it becomes one of the few meme coins supported by the renowned European exchange.
• Team Announcements: The Floki team has hinted at significant announcements, potentially impacting the coin's performance and price.

Floki: The Next Big Meme Coin

Scofield identifies Floki as the next biggest meme coin on Ethereum after Pepe (PEPE). Despite recent market volatility, Floki remains a strong performer.

According to CoinMarketCap, Floki currently trades at $0.0001822, with a slight 0.40% increase over the past 24 hours. However, it has experienced a 6% decline over the past week.

Scofield believes Floki has the potential to follow Dogecoin's footsteps, potentially leading to a substantial rally.