It is known how important meme coins are in cryptocurrencies. Along with DOGE and SHIB, which are at the top of the meme coins, projects in the top 10 have been seen to come to the fore from time to time. One of the projects that has been talked about more than once in 2024 was FLOKI. FLOKI created ATHs multiple times during the year with the initiatives of the team at the head of the project and the support of investors, and made a big impact in the market. Despite the partnership announced yesterday and the investor support in the market, it is seen that the FLOKI price has fallen today. Two analysts made statements about the future outlook for the meme coin.
FLOKI Analyst Comments
On the FLOKI side, this year, there were processes in which ATHs were experienced one after another, and as a result, the price was seen to reach $ 0.0003462 on July 5, 2024. Although it is 65% below the level mentioned today, it seems that analysts continue to maintain a positive outlook. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
In this context, Jelle, one of the well-known names in the market, pointed out the rest of the year and the continuation of the cycle and expressed his bullish expectation and added:
It appears that $FLOKI is forming another higher low at key support at a time when the rest of the market is struggling.
I believe the volatile summer is nearing its end and FLOKI looks solid for a new run in the second half of the cycle.
Alongside Jelle, Crypto Tony also pointed out the price range in which the meme coin is stuck in his post on X, emphasizing his sense of confidence and the fact that he is currently protecting his investments:
$FLOKI / $USD – Update
It’s a nice range to work in. I expect my scalp to hold this low to stay long and strong for now.
My long term investments still stand because of the great intro a few years ago.
How Many Dollars is FLOKI?
FLOKI, which was seen reaching its ATH in July, continues its decline as of today. As of writing time, the meme coin is trading at $0.0001159 after a 3.57% drop in the last 24 hours.
FLOKI continues to remain in 5th place among meme coins with its market volume of $1.1 billion. Despite the partnership with the world-famous Esports team OG yesterday, it was reflected in the graphs that the price did not move positively and fell in parallel with the market. On the meme coin side, the transaction volume also increased by 7% and is at $154 million.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
