{"id":31116,"date":"2024-05-21T17:42:54","date_gmt":"2024-05-21T17:42:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\/"},"modified":"2024-05-21T17:42:54","modified_gmt":"2024-05-21T17:42:54","slug":"analyst-bullish-on-floki-as-pepe-and-bonk-rally","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\/","title":{"rendered":"Analyst bullish on Floki as Pepe and Bonk rally"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/floki-inu-token-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/floki-inu-token-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/floki-inu-token-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/floki-inu-token-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Analyst picks Floki over Pepe and Bonk as meme coins join the crypto party<\/span><\/li>\n<li><span style=\"font-weight: 400\">Surging Bitcoin and Ethereum could help FLOKI price higher.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Technical picture also bullish for the meme coin as price nears.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Pepe (PEPE) and Bonk (BONK) are up 33% and 24% respectively as the memecoin world bids to join the crypto party after Ethereum ETF news sparked a buying frenzy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But while PEPE and BONK are standout performers among the top meme coins by market cap today, an analyst has shared some of the reasons to be bullish on <a href=\"https:\/\/coinjournal.net\/floki\/\">Floki Inu (FLOKI)<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c$PEPE and $BONK are both up over 34% today, showing that the memecoin economy is super strong,\u201d crypto analyst Shelby <a href=\"https:\/\/x.com\/CryptoNewton\/status\/1792922261797634399\" target=\"_blank\" rel=\"noopener\">noted<\/a> via X.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the two meme coins lead the gainers across the sector, the analyst points to Floki Inu (FLOKI) as one to watch.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Shelby, Pepe and Bonk\u2019s massive spikes in the past 24 hours are a precursor of what the market could witness with Floki.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cI believe now is a good time to start paying attention to Floki,\u201d Shelby noted, pointing to Floki\u2019s standing as one of the top meme coins. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Floki\u2019s ecosystem growth, which includes key product updates, is also a factor to consider when analyzing its price potential down the road.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Floki Inu\u2019s growth and the 2024 roadmap<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Floki has witnessed steady growth since the team unveiled the project\u2019s 2024 roadmap earlier this year. <\/span><\/p>\n<p><span style=\"font-weight: 400\">With part of the goal being to move Floki beyond the memecoin status, key developments to watch include staking, Floki debit cards and digital bank and the flagship utility product Valhalla.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the market, Floki price recently surged by more than 13% amid a new DAO proposal that sought community approval to burn 15,246,000,000 FLOKI.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to an announcement on Tuesday, that burn is set to occur on May 22, 2024 following a 99.84% vote approval.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Floki Inu price today<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Today\u2019s 11% gains come as Floki mirrors prices of top coins BTC and ETH, with sentiment positive amid the <a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-anticipates-spot-ethereum-etfs-approval-this-week\/\">potential approval of spot Ether ETFs by the SEC<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400\">A sharp rise for cryptocurrencies due to an approval could catapult FLOKI higher. The token burn, as in the <a href=\"https:\/\/coinjournal.net\/news\/floki-successfully-executes-190-billion-token-burn\/\">recent case<\/a>, also adds to the positive outlook.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the technical picture also supports an upside continuation for FLOKI with momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) hitting at bullish strength.<\/span><\/p>\n<figure id=\"attachment_205255\" aria-describedby=\"caption-attachment-205255\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.tradingview.com\/x\/uobiKhZB\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-205255 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/05\/floki-price-chart.png\" alt=\"\" width=\"1074\" height=\"545\"\/><\/a><figcaption id=\"caption-attachment-205255\" class=\"wp-caption-text\">Floki Inu price on the 4-hour chart. Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Floki Inu price is currently at $0.00022, its highest level since April.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Analyst picks Floki over Pepe and Bonk as meme coins join the crypto party Surging Bitcoin and Ethereum could help FLOKI price higher. Technical picture also bullish for the meme coin as price nears. Pepe (PEPE) and Bonk (BONK) are up [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31116"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31116"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31117"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}