Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others have been creeping up as fierce contenders over time. Back in 2021, when the original meme coin bull run started, the likes of FLOKI had crept up from the shadows to also become investor favorites. Through the bear market and into the current bull market, FLOKI has shown incredible strength, and one crypto trader believes that there is still a lot of runway for the meme coin. Why FLOKI Is A Great Choice Over Dogecoin And Shiba Inu Crypto trader and analyst Unipcs, also popularly known as ‘Bonk Guy,’ has given reasons why buying FLOKI could be a better play compared to Dogecoin or Shiba Inu. In addition to the fact that it was created back in 2021 and has survived a bear market alongside Dogecoin and Shiba Inu, FLOKI has other characteristics that has made it a great meme coin choice. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens One of the major driving forces behind the support for FLOKI comes with the expectation of an Exchange-Traded Product (ETP) to be launched for the meme coin. This puts it miles ahead of other meme coins which are yet to see major institutional support. Furthermore, the FLOKI meme coin has already proven its position as a solid choice over Dogecoin or Shiba Inu after rallying to a new all-time high back in 2024. This saw it outperform Dogecoin and Shiba Inu as these market leaders continued to trend below their all-time high peaks from 2021. Just like Dogecoin and Shiba Inu, FLOKI has also scored listings on major crypto exchanges across the space, in addition to smaller listings. It is trading on Binance, Coinbase, and Bybit, among others, with daily trading volumes crossing $200 million at the time of this writing. Related Reading: Shiba Inu’s Shibarium Struggles As New Accounts Crash To Fresh Lows Moving on to the chart, the crypto trader also revealed that the FLOKI chart does look strong. After holding and sustaining accumulation through the start of 2025, the meme coin is riding up once again and has already broken through $0.0001. Given this, Unipcs believes that an impulsive move for FLOKI is only a matter of time from here. “The fact that FLOKI is still under the radar, despite cult-like loyalty from its holders and insane retail recognition, means any rally it gets will likely go much higher than anticipated—a classic hated rally setup,” the crypto analyst said in conclusion. Featured image from Dall.E, chart from TradingView.com
FLOKI is poised to become the second memecoin to launch a regulated Exchange-Traded Product after Dogecoin, following a decisive Floki DAO vote that approved allocating tokens for ETP liquidity. The proposal won “overwhelming” support, with 332.7 billion token (99.9%) voting in favor, 328.9 million token abstaining, and none opposing—a result the team described as the first time a DAO proposal passed without any vote against it. “The proposal, which was the first time ever in which a Floki DAO proposal has been passed without a single opposing vote, will result in a portion of 16,310,285,772.6 FLOKI tokens currently residing in a ‘community buyback wallet’ being used to provision liquidity for the Floki ETP while the rest is burned,” the official announcement from the team via X emphasized. FLOKI Aims To Mirror Dogecoin Community members see this as a landmark event, as the Floki ETP is scheduled to debut in early Q1 2025 in collaboration with what the team calls “a respected Asset Manager and an ETP Issuer.” According to Floki representatives, it will be listed on the SIX Swiss Exchange, recognized as one of the largest stock exchanges in Europe, thus elevating FLOKI’s profile in traditional financial markets. Related Reading: FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny Currently, Dogecoin remains the only other memecoin with a live ETP, although that product is traded on Sweden’s Spotlight Stock Market; the team notes that listing on Switzerland’s exchange has the potential to draw broader attention from both institutional and retail investors seeking regulated access to crypto assets. “When it goes live, the Floki ETP will allow institutional investors, regulated entities and retail investors to get exposure to FLOKI in a regulated way. This is a big move that is almost unprecedented in this space, because Dogecoin is currently the only memecoin in the WORLD, with a live ETP –and Floki could become the next memecoin with an ETP besides Dogecoin,” the DAO proposal stated. While many details remain under wraps due to nondisclosure agreements, the team further revealed that any tokens allocated for liquidity will remain the property of Floki itself, meaning they can be withdrawn “if there is enough third-party liquidity in the ETP” later on. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details This news comes on the heels of a recent meeting of the Commodity Futures Trading Commission’s Global Markets Advisory Committee, where the memecoin was used as a “case study of a utility token.” Observers have noted that any regulatory attention—particularly of this kind—can boost a token’s credibility in a market that remains sensitive to compliance signals. The DAO-centric approach continues to be a cornerstone of the token’s philosophy, with frequent community votes and proposals shaping the project’s direction. Members have consistently backed initiatives focused on increasing recognition of the memcoin, which the team says aims “to be the world’s most known and most used cryptocurrency.” Reaction from the wider crypto community has also been enthusiastic. Crypto analyst Shelby, who has a substantial following, remarked via X: “Huge milestone – FLOKI about to make history as 2nd memecoin ETP! Clear sign of institutional adoption while keeping decentralized roots. Not DOGE, not SHIB, but FLOKI leading the charge in bridging TradFi and DeFi.” At press time, FLOKI was trading at $0.0001798. Thus, the memecoin has reclaimed the 200-day EMA, a crucial line often referred to as a “bull line.” However, the memecoin is still trading below the major resistance area between $0.000205 and $0.000215 (shown in red on the chart). Reclaiming this zone could open the gates for a new run toward the yearly high of $0.000349 from June. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Unipcs (Bonk Guy) has predicted the next meme coin that will replicate the recent Dogecoin price rally. The analyst rightly called the Dogecoin surge above $0.4 while predicting that the foremost meme coin could still reach $1. FLOKI Is The Next Meme Coin To Follow Dogecoin Price In an X post, The Bonk […]
Crypto analyst Master Kenobi has provided an update on his FLOKI master plan. The analyst revealed that his initial analysis had been invalidated and mentioned what was next for the Shiba Inu competitor with this development. FLOKI Master Plan Invalidated But Might Be A Good Thing Master Kenobi revealed in an X post that the […]
FLOKI is navigating a critical moment as technical indicators flash bearish signals, raising concerns over its ability to maintain support at $0.000110. With downward momentum building and sellers gaining strength, this support level has become a focal point for traders watching for signs of stability or further decline. As the market turns cautious, the strength of FLOKI’s support will be crucial in determining its next move and whether it can withstand the current downtrend. This analysis aims to assess the current technical indicators signaling bearish pressure for FLOKI and evaluate the potential resilience of the $0.000110 support level. By examining key indicators and market dynamics, this piece aims to provide insight into whether the meme coin can hold steady at this critical threshold or if further downside risks loom. Is FLOKI’s $0.000110 Support In Danger? On the 4-hour chart, FLOKI is exhibiting negative momentum, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $0.000110 support level. A continued descent toward this support suggests that selling pressure is intensifying, and if the support fails to hold, FLOKI could experience more declines. Also, the 4-hour Composite Trend Oscillator for FLOKI indicates bearish movement, with the signal line crossing below the SMA line and dropping below the zero line. This shift suggests increasing selling pressure, favoring sellers and raising concerns about potential further declines in price. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details On the daily chart, the meme coin displays significant downward momentum, highlighted by a series of bearish candlestick patterns that have emerged following a failed recovery attempt. The inability to sustain upward movement after the recovery attempt suggests a lack of buyer confidence and a prevailing bearish sentiment in the market. As FLOKI trends toward this support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown. A thorough examination of the 1-day Composite Trend Oscillator reveals that the asset is positioned for possible extended losses. The signal line has crossed below the SMA line and is trending downward beneath the zero line, signaling a notable shift in momentum toward the negative. If this downward trend continues, FLOKI may face substantial challenges in regaining upward traction, leading to an extended period of diminished price movement and increased bearish sentiment in the market. Testing Times Ahead For FLOKI FLOKI is nearing a pivotal point as it approaches the $0.000110 support level. If the asset breaks this critical threshold, it could trigger an additional decline, potentially leading the price down to the $0.00005381 level and other subsequent support areas. Related Reading: Floki Bullish Breakout Ignites: Could A 96% Surge Be Next? Conversely, should the meme coin manage to hold the $0.000110 support level, it could establish a base for a possible rebound, paving the way for a price increase toward the $0.0002105 mark and other resistance levels. Featured image from Adobe Stock, chart from Tradingview.com
Floki (FLOKI) may be the lucky meme coin to steal the spotlight in this bull cycle, with a crypto analyst predicting it could become the Dogecoin (DOGE) of this bull run. The realization of this prediction is sure to stir excitement within the Floki community, especially as the meme coin continues to gain traction despite […]
The memecoin FLOKi is leading today’s crypto market with a rally of +12.8% in the last 24 hours, sharing the top spot with Artificial Superintelligence Alliance (FET) which is up +12.2%. The price surge can be several developments and partnerships, most notably involving Binance and the upcoming airdrop of Simon’s Cat (CAT) token. #1 Binance Supports CAT Airdrop To FLOKI Holders Probably the most important factor fueling today’s FLOKI price rally is the announcement that Binance, the leading global crypto exchange, will support the airdrop for Simon’s Cat (CAT). The exchange’s decision to take a snapshot on August 29, 2024, is crucial for the airdrop distribution and has presumably ignited buying pressure from airdrop hunters. According to the official Floki blog: “As initially revealed in our official announcement about Simon’s Cat launch on TokenFi, Simon’s Cat has allocated 20% of the total CAT supply to the Floki community. This strategic move is expected to enhance both the visibility and liquidity of FLOKI tokens across platforms.” Related Reading: End Of The Slump? Floki Eyes A 46% Price Surge — Analyst The upcoming airdrop involves distributing approximately 315 billion CAT tokens, which constitutes 3.5% of the total Simon’s Cat token supply. Eligibility for the airdrop requires holders to maintain a minimum of 400,000 FLOKI tokens, with the distribution proportional to the amount of FLOKI held at the time of the snapshot. #2 FLOKI DAO Approves CAT Reserve Further bolstering FLOKI’s market position is the recent decision by the FLOKI DAO to allocate $200,000 USDT from its treasury for investing in Simon’s Cat Token. This move, approved by 97.72% of voting participants, could enhance the intrinsic value of FLOKI. The official statement released by the FLOKI DAO emphasized: “After a decisive vote by the FLOKI DAO, with 97.72% approval, Floki will allocate $200,000 USDT from the Floki Treasury to invest in the CAT token, which will be held as a strategic asset. This decision highlights our dedication to community-driven governance and decision-making.” #3 Market Sentiment And New Exchange Listing The crypto community has also been abuzz with talks of a new BNB memecoin season, a sentiment that has been supported by FLOKI’s official X account. The team wrote on Wednesday: Related Reading: Floki Inu To Build Schools In India, FLOKI Price Seen Hitting $17 “We’re hearing whispers of BNB season again. Here’s a reminder that FLOKI is the biggest memecoin on the BNB chain by far! Floki is bigger than every other memecoin on the BNB chain COMBINED and is partnered with the BNB chain. We’re excited about the BNB ecosystem and will continue to actively support it!” Additionally, major crypto exchange ByBit added the FLOKI / USDC trading pair yesterday. The exchange revealed the listing in response to strong demand, boosting Floki’s liquidity to over 40 MILLION users. “This addition will make it easier for ByBit’s massive user base to purchase FLOKI and interact with the FLOKI ecosystem,” the memecoin’s team remarked via X. #4 Bullish Chart Setup Technical analysis from popular crypto analyst CRG (@MacroCRG shows a bullish chart setup for FLOKI. The convergence of fundamental developments and technical indicators suggests a strong upward momentum. CRG stated: “FLOKI chart looks fkin delicious. Plus, lots of fundamental tailwinds to ignite momentum: CAT / @SimonsCatMeme launching today (BNB szn loading, FLOKI should be a huge beneficiary as it’s BNB’s flagship meme). Binance also confirmed to be airdropping a big chunk of CAT to FLOKI holders, bullish af. Full send.” At press time, FLOKI traded at $0.00014303. Featured image from X @BlackstarsMKTCR, chart from TradingView.com
In an effort to fulfil its goal to advance the global educational sector, the FLOKI team has disclosed that building schools in the aforementioned nations was just the beginning of its vision to provide high-level academic opportunities in underprivileged nations. The team behind doggy-themed meme coin and Shiba Inu competitor, Floki (FLOKI) has unveiled plans to […]
Crypto analyst Timeless Crypto has made a bullish case for FLOKI, stating why he prefers the meme coin above other blue chip meme coins like Dogecoin (DOGE). The analyst also predicted that FLOKI could end up making a hug run by year-end. Why This Analyst Is Bullish On Floki Timeless Crypto mentioned in an X […]
The development team behind popular dog-themed meme coin and Shiba Inu competitor, Floki (FLOKI) has issued a critical warning to investors. The Floki team has alerted its community to be vigilant against a new scam attack designed to exploit investors. Scammers Target Floki Investors On June 29, the Floki team took to X (formerly Twitter) […]
With the current crypto market crash being spearheaded by Bitcoin, the FLOKI price has taken a significant hit. Where others have seen between 5-20% decline, FLOKI has lost more than half of its all-time high value, driving back downward toward April levels. However, this may be short-lived as a crypto pundit has predicted a possible […]
Floki Inu (FLOKI), the dog-themed meme coin, has recently achieved a significant milestone by reaching an all-time high (ATH) amidst Binance Coin’s (BNB) upward trajectory. With a 15% surge in the past 24 hours, FLOKI reached a record price of $0.0003491, solidifying its position as the largest meme coin on the BNB Chain. Floki Inu Receives Major Boost As DFW Labs Invests $12M This surge comes as Web3 investor and crypto market maker DFW Labs announced a substantial investment of $12 million in FLOKI tokens to support the Floki ecosystem. The purchase involved acquiring a portion of the tokens from the market and the remainder from the Floki treasury. Notably, DWF Labs purchased $10 million worth of FLOKI tokens in March, which also triggered a significant price surge of over 30%, propelling the token to a nine-month high then. The partnership between Floki and DWF Labs was initially established in May 2023 when DWF Labs purchased $5 million worth of FLOKI tokens. Since then, DWF Labs has been crucial in boosting FLOKI adoption. Related Reading: Shiba Inu Burn Rate Flatlines With 99% Crash, End Of The Road For SHIB? In addition, further developments are on the horizon for Floki, as they plan to release the mainnet version of their flagship utility product, the Valhalla metaverse game, later this year. Moreover, the team is set to launch several key utility products, including the Floki Trading Bot and the Floki Decentralized Domain Name and Website Service. These upcoming releases have garnered significant attention from investors, resulting in increased buying pressure and a rise in token holders. The protocol boasts a notable milestone, with FLOKI recently surpassing 417,400 holders on the BNB chain. The protocol’s development team declared that Floki remains “the dominant meme coin on the BNB chain,” boasting a substantially larger market capitalization than all other BNB chain memecoins combined. Price Correction Temporarily Impacts FLOKI’s Uptrend According to CoinGecko data, FLOKI’s market capitalization is currently at a substantial $3 billion, nearly doubling compared to its market cap in May, which was $1.7 billion. Furthermore, FLOKI’s daily trading volume has surged by 164% in the past 24 hours, amounting to $1.2 billion, highlighting the token’s market attention from investors and its prevailing bullish sentiment. Despite these positive developments, Floki Inu has experienced a price correction of approximately 8% within a matter of hours. It is currently trading at $0.0003164. The next nearest support level for the token is $0.0002985. Related Reading: Crypto Expert Reveals Top 3 Trades To Take Now While there is a clear path for further growth, Floki Inu faces the challenge of investor decision-making on profit-taking and selling, which could potentially impact the token’s short-term uptrend. In such a scenario, a consolidation at current levels would be crucial in maintaining gains and facilitating the resumption of the uptrend once the buying trend resumes. Meanwhile, BNB is trading slightly below its ATH, experiencing a 1.5% decline in the last hour and currently valued at $699. Featured image from DALL-E, chart from TradingView.com
The development team behind the dog-themed meme coin Floki Inu has unveiled its highly anticipated roadmap for 2024, revealing several upcoming features and utility-focused initiatives. Notable highlights include the launch of regulated digital banking accounts, integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release. Floki Inu Aims To ‘Bank The Unbanked’ Floki Inu plans to introduce regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens. Related Reading: Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning? In partnership with an unnamed licensed fintech company operating in key jurisdictions such as Canada, Spain, Dominica, Australia, and the UAE, these accounts will support SWIFT payments and SEPA IBANs. In addition, the upcoming launch of Floki Debit Cards will allow users to link their digital bank accounts to debit cards, providing a convenient and secure way to spend their FLOKI tokens in traditional currencies such as Euro (EUR) and US dollars (USD). According to the proposal, the initiative aims to “bank the unbanked” by enabling a broader user base to access traditional banking services using their FLOKI tokens while increasing the utility and adoption of cryptocurrency. Pending governance approval, Floki Inu also seeks to list its native token, FLOKI, on the Venus Core Pool. This integration aims to unlock deeper liquidity, comparable to established blue-chip cryptocurrencies and allow FLOKI holders to use their tokens as collateral to borrow various assets such as Maker (DAI), Circle’s USDC stablecoin, Binance Coin (BNB) and Ethereum (ETH). By integrating Venus Markets directly into Floki’s user interface (UI), the protocol states that users will have frictionless access to the liquidity provided by the platform, further integrating Floki into the decentralized finance ecosystem. FLOKI-Powered Trading Bot And Valhalla Mainnet Launch Floki Inu plans to introduce a cross-chain Telegram and Discord trading bot powered by the FLOKI token. This bot will allow users to buy and sell cryptocurrencies on leading blockchain networks. Specifically, 50% of the fees generated will be used to buy and burn FLOKI tokens, increasing their utility and contributing to a deflationary mechanism. Finally, the highly anticipated mainnet release of Valhalla, Floki Inu’s flagship utility and metaverse game, will occur. Valhalla on the Mainnet will feature on-chain game mechanics, a PlayToEarn economy, upgradeable NFTs, and an open-world experience. Related Reading: Bitcoin Spot ETFs See 4 Consecutive Days Of Outflows, Here’s What Happened Last Time As of this writing, the FLOKI token has experienced a correction of over 17% in the past seven days, aligning with the overall market trend. This correction has resulted in the current trading price of $0.0002295 for the FLOKI token. Despite the recent downtrend, it is worth noting that FLOKI has still achieved a remarkable year-to-date gain of 440%. This substantial increase in value has propelled the token’s market capitalization to $2 billion, solidifying its position at the 59th spot among the top 100 cryptocurrencies in the market. Featured image from Shutterstock, chart from TradingView.com