Memecoin That’s Rocketed Over 1,000% in Four Months Poised for Even Greater Gains, Predicts Crypto Analyst
A popular cryptocurrency analyst is confident that a surging meme coin, which has been garnering significant attention, is set to experience exponential growth.
The pseudonymous trader, known as Kaleo, who has a substantial following of 641,600 on the social media platform X, believes that Floki (FLOKI) is poised to see its market capitalization soar to a staggering $10 billion, more than tripling its current value.
Kaleo points to a cup-and-handle pattern formation, a bullish technical indicator, as a strong indicator of Floki’s potential for growth. According to the analyst, the absence of a complex chart analysis is telling enough.
“FLOKI zoomed out exhibits the following characteristics: retesting its 2021 all-time high, showcasing a clean high timeframe cup and handle, BNB is on the cusp of price discovery, and the market is in a memecoin super cycle. These factors easily indicate a path toward $10 billion and beyond in the next leg up.”
Kaleo draws a parallel between Floki’s current price pattern and the trajectory of another rising memecoin, Pepe (PEPE), before it experienced a sudden surge. The analyst also attributes Floki’s success to its association with Binance’s BNB Chain, which is currently trending upward.
Floki’s market capitalization currently stands at $3.1 billion, with its trading price at $0.0003182 at the time of writing. This represents a remarkable increase of over 1,000% since its value of $0.0000269 was recorded just four months ago on February 5th.
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