• Floki Skyrockets 73% Over The Past Month: What Is Going On?

    Source: Buzz FX / 27 Nov 2024 11:35:17   America/New_York


    Floki has rallied 73% in the past mont, with market observers anticipating the uptrend to continue off the back of improving sentiment and bullish technical indicators.





    CryptocurrencyPrice             Market Cap24-Hour Trend7-Day Trend
    Floki (CRYPTO: FLOKI) $0.0002272$2.2 Billion +7.8% -5.1%
    Bonk (CRYPTO: BONK) $0.00004434  $3.3 Billion +6.2% -17.4%
    Dogwifhat (CRYPTO: WIF) $3.14$3.14 Billion +5.5% -2.9%




    Trader Notes: Crypto trader Master Kenobi noted in a post on X on Wednesday that Floki's rally was delayed by three weeks, originally expected by Oct. 21.





    He attributes this delay to broader market reactions following the U.S. elections.





    He anticipates a continuation of the uptrend, which could result in a significant “pump” around Feb. 10 in a conservative scenario.





    In a more optimistic scenario, this could also happen in mid-December, thanks to the following catalysts:






    1. Bitcoin Dominance: Expected to persist for two more weeks before easing, creating opportunities for altcoins like Floki.




    2. Market Signals: Positive movements in assets like Dogecoin (CRYPTO: DOGE) and Binance Coin (CRYPTO: BNB) point to a potential pump by late 2025.





    Influencer InvestingHaven suggests that Floki has bounced from its dip, signaling a bullish breakout.





    However, he warns that the next major hurdle is surpassing its previous all-time high.











    Community News: Coinbase Assets announced Floki becoming available for trading for residents in Germany. Users can now buy, sell, convert, send, receive, or store Floki through Coinbase, broadening the coin's accessibility.





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    Image: Shutterstock


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