๐ฅ๐๐FLOKI Price Poised For 2-3x Bullish Rally in The Coming Days
While the Bitcoin (BTC) price is trying to climb towards 70 thousand dollars after the recent halving event, the top meme coins, led by Floki (#FLOKI ), frog-themed Pepe (PEPE) and Solana-based Bonk (BONK), have already broken off from their bullish flag. The Floki prive has risen over 15 percent in the last 24 hours to trade around 0.0002 on Wednesday early in the London session.
With a fully diluted valuation of about $2 billion and an average daily trading volume of around $457 million, the mid-sized meme coin has risen by about 40 percent in the last seven days, indicating that its correction is coming to an end.
Why would we Bet on Floki in this Bull Cycle?
Since Floki was partially endorsed by tech billionaire Elon Musk, meme money has grown significantly into a vibrant web3 ecosystem. For example, Floki Locker, which allows projects to lock liquidity pool tokens to specific timelines, has raised over $142 million in Total Locked Value (TVL).
In particular, FlokiFi Locker is a multi-chain protocol that supports 15 EVM compatible blockchains. Supported chains include ETH, Dec, BSC, Base, Blast, Arbitrum, Polygon, Phantom, AVAX, Optimism, KCC, OKXChain, opBNB, Cronos, Evmos and Dogechain.
The FlokiFi project has helped to increase the overall utility of FLOKI tokens amid increasing competition from other meme coin projects. On Tuesday, Alltoscan, a project developing an open-source block explorer compatible with all aggregations, announced that it has locked up $18 million of ATS tokens for 15 months with Floki Locker.
The floki price has risen to the upper limit of the bullish flag, and the bulls are soon encouraged to retest the all-time high. According to a popular crypto analyst Captain Faibik, Floki's price could easily rise up to 3 times in the coming days.