The Floki (FLOKI) price has dived over 11% on Thursday from near $0.00016 to under $0.00014.
But that doesn’t mean catastrophe for FLOKI. Indeed, chart analysis suggests that the FLOKI price might be pried for another surge.
That’s because the FLOKI price recently broke to the north of a downtrend in play since July.
Moreover, earlier in August, FLOKI appears to have formed a favorable double bottom, a sign of a potential bullish reversal.
Granted, on Thursday FLOKI lost its grip on its 50DMA. That will be a key level for the Ethereum-based meme coin to overcome if it wants to return to its July highs.
Is the FLOKI Price Primed For Another Surge?
But with a Fed rate cutting cycle coming up next month, the FLOKI price could soon be in for a near 3x price surge.
FLOKI likely thus ranks as one of the best cryptos to buy right now, and certainly amongst the best meme coins.
Indeed, FLOKI’s still modest market cap of around $1.3 billion leaves plenty of room for expansion this bull cycle.
Remember that, in the past, meme coins like Dogecoin and Shiba Inu reached market caps north of $40 billion.
That’s not to say that the FLOKI price will 30-40x from here. But, thanks to its rapidly growing GameFi and DeFi ecosystem, it looks set to remain a market leader. See FLOKI’s road-map below. 10x gains are certainly plausible.
FLOKI Price Could Explode – But Is This Alternative Better?
Looking Ahead at the Gravity Chain's Potential
One of the most promising blockchain protocols, Gravity Chain is quickly becoming an essential part of the decentralized technology ecosystem due to its scalability and compatibility with other protocols. The unique consensus process and cross-chain capabilities of Gravity Chain are poised to tackle the most important challenges that blockchain ecosystems are now encountering, including scalability and fragmentation.
Integration across chains and interoperability
The strong interoperability foundation is one of the most exciting parts of Gravity Chain's future. The need for smooth communication across various blockchains is growing in importance as the blockchain industry develops. In order to create a more flexible and connected blockchain ecosystem, Gravity Chain's architecture is built to facilitate fast cross-chain transactions. In addition to improving the user experience, this feature provides developers with a plethora of chances to build decentralized apps (dApps) that can function across different chains.
Improving Performance and Scalability
The dedication to scalability and performance of Gravity Chain further enhances its future potential. To manage massive amounts of transactions, the network uses a consensus method that is tuned for low latency and high throughput. The Gravity Chain can keep performing well without sacrificing security or decentralization as its user base develops because of its emphasis on scalability.
Expanding Network of Developers and Users
The development of the chain's developer and user community is a key factor in its future success. To facilitate the introduction of new applications on its platform, the Gravity Chain team is working hard to grow its ecosystem by providing developer-friendly tools and thorough documentation. Increased innovation and a wider variety of applications are anticipated to occur as more developers join the Gravity Chain, further strengthening its place in the blockchain market.
The Gravity Chain, with its emphasis on scalability, community expansion, and interoperability, is poised to make a big splash in the decentralized tech world in the years to come
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