After marking interim highs, the Bitcoin price has maintained an equilibrium position. With the prices trading within a narrow range, it has offered an opportunity for the other tokens to rise.
In the meantime, AI tokens had gained acute strength, which was followed by memecoins and DeFi tokens. In the meantime, a popular memecoin, Floki (FLOKI), has been displaying acute bullish momentum, which is flashing the possibility of becoming the third largest memecoin in the market.
The historical chart of the FOLKI price displays that the price has been finding new ATH every day as the bullish momentum piles up over the token.
Recently, the crypto space witnessed a steep rise in traders’ interest in memcoins. This resulted in a drastic surge in almost all the tokens, which were initiated by Pepe and Shiba Inu, Bonk, and Dogecoin followed the trend. With the recent price action, the dogwifhat surpassed Solana’s popular memecoin, BONK, to become the 5th largest memecoin, surpassing the $2 billion market cap.
Now that FLOKI and dogwifhat (WIF) prices have been trading within a discovery phase, the memecoins are believed to reach new highs in the coming days.
