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😱🔥🔥Floki DAO Burn offer sparks Floki Price, everything may be just getting started
The rapidly growing dog-themed meme coin #floki (#FLOKI ) has signaled a new wave of bulls on the horizon after being stuck in correction mode for the last ten weeks. The mid-sized meme coin, with a fully diluted valuation of about $1.8 billion and an average 24-hour trading volume of about $447 million, has risen by more than 30 percent in the last four weeks, trading around $ 0.00019 on Tuesday. early London session.
What is fueling the Floki uptrend?
The rise of Dogecoin (DOGE) in previous crypto bull markets has inspired a new wave of meme coins recently, led by Floki Inu, Shiba Inu (SHIB) and Pepe (PEPE). Floki, which has been supported by tech billionaire Elon Musk in the past, has attracted a lot of attention in the Web3 space.
Recently, VanEck's MARKETVECTOR announced the Meme Coun Index (MEMECOIN), which includes the six largest meme coins, including Floki.
Floki, one of the most liquid meme coins, has become a deflationary digital asset through regular burns on the chain. On Monday, a new Floki DAO offer for burning more than 15 billion coins worth about $ 3 million went live.
Floki's price has increased by more than 15 percent in the last 24 hours following the emergence of the meme coin stock phenomenon Roaring Kitty after more than three years. According to popular crypto analyst Captain Faibik, Floki's price is on the verge of a big rise in the coming weeks.
The crypto analyst especially noted that Floki's price has shown an upward trend in the last two months. The crypto analyst noted that after yesterday's bullish trend, the meme coin should close above the constantly falling logarithmic trend in order to guarantee bullish momentum.
If the bullish momentum continues, the crypto analyst believes that the Floki price will increase by at least 200 percent in the coming weeks.
