FLOKI, a Shiba Inu Competitor, Will Explode, Says 2018 Bitcoin Bottom Analyst

Shiba Inu competitor FLOKI is in the news again after a crypto expert projected big profits for the meme coin. The FLOKI coin, which rose more than 50% in May, is now retreating.

Prepare for FLOKI leak

On Tuesday, crypto analyst Blunts talked about FLOKI and its possibilities on X (formerly Twitter). He first compared FLOKI to PEPE, another Ethereum-based meme coin that outperformed major cryptocurrencies in May. FLOKI's price pattern looked like PEPE's and expect it to continue.

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The crypto expert repeated his belief that the meme coin is breaking out in a follow-up article. The meme coin is making higher and higher lows and highs, which Blunts says is bullish for the price based on history.

The expert predicts that the currency will rise further, but with many points of resistance. FLOKI may continue to advance due to a 1-2 day chart pattern.

Bluntz expects FLOKI to exceed 100%. The crypto expert values ​​the meme coin at $0.00075, which is more than 200% more than its current price.

FLOKI is under negative pressure due to Bitcoin falling below $68,000. This has seen the coin drop from $0.0003 to $0.000246 since May. If Bluntz's forecast is accurate, FLOKI could restart soon.

Because of Bluntz's accuracy, the market is buying his forecast. Bluntz became prominent in the crypto industry in 2018 for correctly predicting the bottom of Bitcoin.

Shiba Inu, Meme Coins

In the last day, meme coins like FLOKI have fallen along with other values. Wednesday's 16% rally had left Shiba Inu down more than 5.2% in the past day. Shiba Inu lost 50% of its profits from the previous day.

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