Satoshi

Memecoin

FLOKI

Coin

<p>The Floki Inu (FLOKI) meme coin has seen notable market movements as it approaches its all-time high set nearly three years ago. With a surge in price and trading volume, analysts predict FLOKI is on the verge of breaking its previous record. The token’s upward trajectory is further bolstered by a substantial investment from DWF Labs, signalling growing institutional interest in the meme coin sector.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-floki-s-price-analysis-strong"><strong>FLOKI’s Price Analysis</strong></h2>
<p>At press time, FLOKI trades at <a href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank" rel="noopener noreferrer nofollow">$0.000324</a>, just 5.8% below its all-time high of $0.0003437, achieved on November 4, 2021. The token’s current price reflects a substantial 23.15% increase in the last 24 hours and a 9.03% rise in the past week. Moreover, FLOKI’s daily trading volume stands at $934,025,009.49, indicating heightened investor interest.</p>
<p>This resurgence has caught the attention of crypto experts, who are optimistic about FLOKI’s potential to surpass its previous peak. CryptoKaleo, a top analyst, <a href="https://x.com/CryptoKaleo/status/1798030284677607746" target="_blank" rel="noopener noreferrer nofollow">tweeted</a>, “<em>$FLOKI – Retesting its 2021 ATH. Clean HTF cup &amp; handle. BNB is on the verge of price discovery. Memecoin super cycle.”</em> He further predicts that FLOKI could reach a market cap exceeding $10 billion in its next upward move.</p>
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<h2 class="wp-block-heading" id="strong-floki-technical-analysis-strong"><strong>FLOKI Technical Analysis</strong></h2>
<p>Technical indicators also support the bullish outlook for FLOKI. CryptoKaleo also points out a “Clean HTF cup &amp; handle” pattern in FLOKI’s chart. This pattern, typically a bullish signal, suggests a potential upward breakout after a period of consolidation. The pattern’s presence on a higher time frame (HTF) chart lends additional credibility to this forecast.</p>
<p>Additionally, CryptoKaleo notes that Binance Coin (BNB) is <em>“on the verge of price discovery.”</em> BNB’s performance often influences the broader crypto market, particularly tokens on the Binance Smart Chain, where FLOKI operates. A strong BNB could provide further tailwinds for FLOKI’s ascent.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/as-kas-price-pumps-heres-one-kaspa-competitor-to-watch/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>As KAS Price Pumps, Here’s One Kaspa Competitor to Watch</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-memecoin-super-cycle-floki-s-timing-strong"><strong>Memecoin Super Cycle: FLOKI’s Timing</strong></h2>
<p>Experts believe FLOKI’s resurgence aligns with a broader “memecoin super cycle.” This term refers to periods when meme-based cryptos experience outsized gains, often driven by social media hype and retail investor enthusiasm.&nbsp;</p>
<p>El_crypto_prof, another analyst, <a href="https://x.com/el_crypto_prof/status/1798114366887243883" target="_blank" rel="noopener noreferrer nofollow">shares this sentiment, tweeting</a>, <em>“So bullish on $FLOKI. One of the best looking charts out there as it targets its ATH of 2021.”</em></p>
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<p>The concept of a memecoin super cycle suggests that FLOKI’s rise isn’t occurring in isolation. Instead, it’s part of a larger trend where various <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins see substantial price increases, feeding off each other’s momentum. This phenomenon can create a self-reinforcing cycle of hype and investment.</p>
<h2 class="wp-block-heading" id="strong-dwf-labs-12m-investment-strong"><strong>DWF Labs’ $12M Investment</strong></h2>
<p>Adding to the bullish sentiment, DWF Labs, a digital asset market maker and multi-stage Web3 investment firm, has committed to the Floki ecosystem.&nbsp;</p>
<p><a href="https://captainaltcoin.com/floki-inu-announces-dwf-labs-will-purchase-12-million-floki-tokens/" target="_blank" rel="noopener noreferrer nofollow">As previously reported by Captain Altcoin</a>, DWF Labs will purchase $12 million worth of FLOKI tokens, following a prior $10 million investment. This substantial backing from an institutional player signals strong confidence in FLOKI’s potential.</p>
<p>Moreover, Jelle, another top analyst, noted that DWF Labs’ buying pressure comes as FLOKI consolidates below its all-time highs. He suggests this could be a precursor to imminent price discovery, further supporting the notion that FLOKI is poised for new heights.</p>
<p>With its price nearing all-time highs, strong institutional backing, and favourable market conditions, FLOKI appears well-positioned for a breakout. Technical indicators, expert opinions, and the meme coin trend all point towards potential new highs for the token.</p>
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<p>The post <a href="https://captainaltcoin.com/floki-price-about-to-break-ath-is-this-the-next-meme-coin-to-explode/" rel="noopener noreferrer nofollow">FLOKI Price About to Break ATH, is this the Next Meme Coin to Explode?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

FLOKI Price About to Break ATH, is this the Next Meme Coin to Explode?

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