#FLOKİ #Dogecoin-DOGE The me space has become a hotspot for incredible gains, evident from numerous rags-to-riches stories highlighting the profitability of this entertaining ecosystem.As 2024 gears up for a bullish market, renowned crypto analyst Inmortal, has picked the one memecoin he thinks will do better than all the others in this market cycle.Floki – The Next Big ThingIn a recent tweet, prominent analyst Inmortal boldly predicts that $FLOKI will become the next big thing in the world of meme coins during this bull run. He’s making this prediction by comparing it to the journey of Dogecoin, a popular cryptocurrency.Inmortal supports this claim by sharing a graph comparing the early trajectory of Dogecoin with the current state of Floki. The graph illustrates a similar initial flatness in the value of Dogecoin, mirroring the current situation of Floki. Significantly, Dogecoin saw a sudden rise in popularity, resulting in a remarkable increase in its price. The analyst suggests that Floki might follow a similar path, expecting a surge in popularity that could push its price to reach new highs.Floki Price AnalysisThe Floki Inu price prediction indicates a potential decrease of -7.24%, projecting the price to reach $ 0.00002591 by February 12, 2024. Despite this prediction, technical indicators suggest a bearish sentiment, while the Fear & Greed Index registers at 62 (Greed).As of now, FLOKI is valued at $0.00002782, reflecting a 1.7% increase, with a market cap of $263.46M. Concurrently, the trading volume stands at $10.68M, marking a 2.24% change in the last 24 hours.#Write2Earn #TrendingTopic

Director Eric Rinsch, who had an unsuccessful investment of Netflix’s funds for a series production in the stock market, found redemption after flipping his $4 million memecoin Doge’s position into $27 million.
The case saw Netflix credit Rinsch over $55 million for the movie series Conquest. According to a report from the New York Times, the movie giant has yet to receive a single episode of the sci-fi sensation.
According to an agreement reached between Rinsch and Netflix, an initial $44 million was wired to the director in March 2020. Rinsch, however, requested an additional $11 million, citing a total collapse in the shooting process if Netflix failed to credit new funds immediately, forcing the movie giants to make the payment.
Failed Stock Investment
Rinsch reportedly invested $10.5 million out of the $11 million received into risky stock bets through his broker account with Charles Schwab and lost $5.9 million in a few weeks. The director lost the funds from an option position on shares of biotech firm Gilead Science and the S&P 500 Index.
In March 2021, Rinsch sent the remains of the failed investment in the stock market to the crypto exchange Kraken, where he invested them in a dog-themed coin, Doge. By the time he liquidated the position in May, the $4 million invested had almost multiplied 7x to $27 million, an account statement reviewed by NYT stated.
“Thank you, and god bless crypto,” Rinsch wrote in a chat with a Kraken representative.
Rinsch Went Spending
The famous 47 Ronin director went spending with the proceeds from the successful Doge investment. He acquired five Rolls Royce, a Ferrari watch, designer clothes, and classy furniture worth almost $9 million.
When asked about them by his wife, Ms. Roses, he claimed they were for his Conquest movie product. However, his arbitration case with Netflix showed that he claimed the properties were his and that the movie makers owed him an extra $14 million, which Netflix denied.
The court will soon conclude the case, as an arbitrator presided over a hearing earlier this month.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Doge🦊 #Dogecoin-DOGE $DOGE

Elon Musk, the owner of the X social media platform, has triggered the Dogecoin community, who now believes a major announcement is around the corner.

Read more on: https://thecryptobasic.com/2024/02/05/elon-musk-sparks-fresh-wave-of-dogecoin-speculation-with-this-move/
#Dogecoin-DOGE #DogecoinRisingStar #Crypto #CryptonewswithJack #CryptoNewsUpdate

  #Dogecoin-DOGE Price Prediction as DOGE Drops Below $0.07 – Time to Buy the Dip?

The Dogecoin price has had an up and down morning, falling to $0.068998 as the wider market also suffers a small dip.
This latter price represents a 1.5% loss in 24 hours, although the meme token is still posting a 15% return in a fortnight.
But with DOGE falling by 42% in the last 12 months, the altcoin remains oversold and undervalued.
This means it remains a good time to buy the dip, with DOGE set to rally again if the market continues its upwards trajectory in the next few weeks.
Dogecoin Price Prediction as DOGE Drops Below $0.07 – Time to Buy the Dip?
Dogecoin may have dipped today, but its indicators still suggest that it could enjoy additional rises in the very near future.

Source: TradingView
The meme token’s 30-day average (yellow) is rising strongly towards its 200-day (blue), a move which can often signal an imminent breakout rally.
At the same time, its RSI (purple) remains high at just under 70, which also suggests strong buying momentum.
It’s also encouraging to see that DOGE’s support level (green) has risen steadily over the past few days.
This implies that, even if the token does fall again, it’s not likely to drop very far.
Another positive sign is that DOGE’s 24-hour trading volume remains elevated compared to where it was in September, at around $500 million.
This indicates that interest remains strong, with data showing that whales have made some big purchases recently.

Based on all of this, DOGE could return to $0.080 in the next few days, before hitting $0.90 in December.
Such movements will largely depend on investor sentiment, with positive Bitcoin ETF news recently buoying the entire cryptocurrency market.
However, if bad (or no) news emerges, DOGE is likely to fall harder than many other major tokens.
Part of the reason for this is that DOGE’s fundamentals remain very weak, with the token’s community still resting its hopes on whether X (formerly Twitter) will introduce Dogecoin payments in the not-too distant future.

 
And while X is certainly planning to introduce payments in some form, it has given no indication that such payments will include crypto, let alone Dogecoin.
As such, traders shouldn’t be surprised if DOGE begins falling again in the event of a sideways market, with the coin potentially sticking to the $0.070 level for several weeks.

SpaceX has lent its support to the Dogecoin community, accepting payment in DOGE for the rescheduling of the DOGE-1 Lunar mission.

Read more on: https://thecryptobasic.com/2024/02/06/spacex-receives-payment-in-dogecoin-for-rescheduled-doge-1-space-mission/
#Dogecoin-DOGE #DogecoinRisingStar #Crypto #CryptonewswithJack #CryptoNewsUpdate