FLOKI: These historical trends point to a 100% price rise
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Floki’s recent price increase may be the start of a major upswing, provided holders remain strong.
AMBCrypto’s analysis revealed that Floki [FLOKI] was hovering at a spot that could bring in more hike than the recent price increase. At press time, FLOKI changed hands at $0.00017, representing a 10.12% increase in the last 24 hours.
The reason for this prediction could be linked to the MVRV ratio. MVRV is a short form for Market Value to Realized Value. Using the relationship between the market cap and realized cap, the metric shows the profitability of holders.
It also shows if a token is undervalued or overvalued. FLOKI’s 30-day MVRV ratio was -36.34%. This means that the current price is notably lower than the average value holders purchased the price within a 30-day window.
