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🚀 Analyst bullish on Floki as Pepe and Bonk rally 🔺 Analyst picks Floki Inu over Pepe and Bonk as meme coins join the crypto party 🔺 Surging Bitcoin and Ethereum could help FLOKI price higher. 🔺 Technical picture also bullish for the meme coin as price nears. Pepe (PEPE) and Bonk (BONK) are up 33% and 24% respectively as the memecoin world bids to join the crypto party after Ethereum ETF news sparked a buying frenzy. But while PEPE and BONK are standout performers among the top meme coins by market cap today, an analyst has shared some of the reasons to be bullish on Floki Inu (FLOKI). “$PEPE and $BONK are both up over 34% today, showing that the memecoin economy is super strong,” crypto analyst Shelby noted via X. While the two meme coins lead the gainers across the sector, the analyst points to Floki Inu (FLOKI) as one to watch. According to Shelby, Pepe and Bonk’s massive spikes in the past 24 hours are a precursor of what the market could witness with Floki. “I believe now is a good time to start paying attention to Floki,” Shelby noted, pointing to Floki’s standing as one of the top meme coins. Floki’s ecosystem growth, which includes key product updates, is also a factor to consider when analyzing its price potential down the road. 🔸 Floki Inu’s growth and the 2024 roadmap Floki has witnessed steady growth since the team unveiled the project’s 2024 roadmap earlier this year. With part of the goal being to move Floki beyond the memecoin status, key developments to watch include staking, Floki debit cards and digital bank and the flagship utility product Valhalla. In the market, Floki price recently surged by more than 13% amid a new DAO proposal that sought community approval to burn 15,246,000,000 FLOKI. According to an announcement on Tuesday, that burn is set to occur on May 22, 2024 following a 99.84% vote approval. 🔸 Floki Inu price today Today’s 11% gains come as Floki mirrors prices of top coins BTC and ETH, with sentiment positive amid the potential approval of spot Ether ETFs by the SEC. $FLOKI #FLOKI #flokiinu

🚀 Analyst bullish on Floki as Pepe and Bonk rally

🔺 Analyst picks Floki Inu over Pepe and Bonk as meme coins join the crypto party

🔺 Surging Bitcoin and Ethereum could help FLOKI price higher.

🔺 Technical picture also bullish for the meme coin as price nears.

Pepe (PEPE) and Bonk (BONK) are up 33% and 24% respectively as the memecoin world bids to join the crypto party after Ethereum ETF news sparked a buying frenzy.

But while PEPE and BONK are standout performers among the top meme coins by market cap today, an analyst has shared some of the reasons to be bullish on Floki Inu (FLOKI).

“$PEPE and $BONK are both up over 34% today, showing that the memecoin economy is super strong,” crypto analyst Shelby noted via X.

While the two meme coins lead the gainers across the sector, the analyst points to Floki Inu (FLOKI) as one to watch.

According to Shelby, Pepe and Bonk’s massive spikes in the past 24 hours are a precursor of what the market could witness with Floki.

“I believe now is a good time to start paying attention to Floki,” Shelby noted, pointing to Floki’s standing as one of the top meme coins.

Floki’s ecosystem growth, which includes key product updates, is also a factor to consider when analyzing its price potential down the road.

🔸 Floki Inu’s growth and the 2024 roadmap

Floki has witnessed steady growth since the team unveiled the project’s 2024 roadmap earlier this year.

With part of the goal being to move Floki beyond the memecoin status, key developments to watch include staking, Floki debit cards and digital bank and the flagship utility product Valhalla.

In the market, Floki price recently surged by more than 13% amid a new DAO proposal that sought community approval to burn 15,246,000,000 FLOKI.

According to an announcement on Tuesday, that burn is set to occur on May 22, 2024 following a 99.84% vote approval.

🔸 Floki Inu price today

Today’s 11% gains come as Floki mirrors prices of top coins BTC and ETH, with sentiment positive amid the potential approval of spot Ether ETFs by the SEC.

$FLOKI #FLOKI #flokiinu

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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🐋 Ethereum Whales Come Alive: Are They Buying Or Selling? 🔸 Ethereum Whale Transactions Are At Their Highest Since March In a new post on X, the market intelligence platform IntoTheBlock has discussed how the ETH whales have become active recently. The on-chain metric of interest here is the “Number of Large Transactions,” which, according to the analytics firm, tracks the total number of Ethereum transactions on the network valued at more than $100,000. Generally, only whale entities can make such large single transaction movements, so such large transfers are associated with these humongous investors. As such, the Number of Large Transactions indicator can tell us whether this cohort is active right now. The chart below shows the recent trend in this Ethereum metric. The graph shows that the Number of large transactions for Ethereum has sharply increased recently. This suggests that the whales have ramped up their activity. The whales have come alive as news surfaced that the ETH spot exchange-traded funds (ETFs) could have improved their approval odds. The hype in the market has meant that ETH has enjoyed a rapid increase, taking its price back around the $3,800 level. With all this happening in the market, it’s only natural that these humongous entities would be repositioning themselves. As the scale of this cohort’s transactions is quite big, a large number of them taking place together can be powerful enough to cause ripples in the market. Thus, ETH could likely witness volatility shortly if the current high whale activity persists. This indicator measures the net amount of Ethereum moving into or out of the wallets of “Large Holders.” The analytics firm defines Large Holders as those who own at least 0.1% of the entire circulating asset supply. The graph shows that the Large Holders have been participating in accumulation recently, as the netflow has been positive for them. Thus, it appears that the recent activity from the whales has involved net-buying. $ETH #ETH #Ethereum
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⭐️ Best Crypto For May 23 – Dogwifhat, Dogecoin 🔸 Dogwifhat (WIF) Up 7.6% in 24 hours and bucking the market decline, Dogwifhat (WIF) is making a claim for itself as best crypto to buy today. Dogwifhat was last close to $3.0, with a market cap of around $3 billion, as per CoinMarketCap. If it can break above its 21 and 50DMAs, WIF could quickly surge. Bullish targets would be the May highs at $3.70, and then the top of its short-term upward trend channel. If it can break above its 21 and 50DMAs, WIF could quickly surge, making it potentially the best crypto 🔸 Dogecoin (DOGE) Dogecoin (DOGE) isn’t a particularly strong performer on Wednesday. But it has formed an ascending triangle in recent weeks and is threatening a bullish breakout. If it can push above $0.17 resistance, a quick retest of yearly highs near $0.23 is likely. Dogecoin could be the best crypto to buy now assuming it can break above $0.17 resistance. ⚠️ Crypto Alternatives to Consider Altcoins are a great way to make quick gains in crypto. However, most of the above-mentioned coins are already too well-established to provide traders with gains of upwards of 10x. For those bigger gains, traders will need to get in super early on newer coins with lower market caps. Of course, this isn’t for the faint-hearted. That said, for risk-tolerant investors looking to add upside exposure to their portfolios, presale investing is potentially a good strategy. Web3 startups often sell their token at an early discount in presales to fund development and build hype. However, with so many presales vying for investor funds, it can be tough to know where to start. $WIF $DOGE #WIF #DOGE
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📈 Render Price Is Going Up; Will RNDR Crypto Reach The $15 Level? 🔺 RNDR price recently broke out of the descending triangle pattern. 🔺 Render crypto is trading above the key moving averages showcasing bullishness. The Render crypto (RNDR) crypto price jumped in the bullish region and has displayed bullish waves for the past sessions. Recently the price gave a breakout to an interesting triangle pattern. Moreover, the token is sustaining gains above the key moving averages and is persistent in stretching the gains. The token had given a bullish breakout and has surged over 23% this month, replicating the bull accumulation. RNDR has started a major bullish move from the lower support levels of $6.850. The price broke above the major trendline, resulting in an upsurge of the price to the upper resistance. 🔸 Render Crypto Price vs Volume Analysis The volume and price graph displayed that the trading volume has increased in the last few days and the price has also inclined. The price had grown from the level of $6.850 to $11.252 and so has the volume.In the last few days, the price has grown significantly. Hence, the price is expected to grow in the long term as well. 🔸 Render Crypto Social Dominance vs Social Volume Based on the social dominance and social volume graph, the social dominance and social volume have been steadily increasing over the last few months, which has had a positive impact on the price of RNDR. Additionally, the momentum of the Render price may be influenced by changes in social dominance and volume dominance. In terms of social dominance for an asset, it’s analogous to counting how many people in the room are discussing RNDR compared to the top 100 cryptocurrencies. For example, if RNDR’s social dominance is 50%, it means that half of the cryptocurrency conversations are about RNDR. Meanwhile, social volume for RNDR means how often RNDR is mentioned across social platforms. $RNDR #RNDR #RENDER
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🐋 DOGE Skyrockets 100% in Whale Transactions Amid Dogecoin ETF Rumors Dogecoin (DOGE), the famous meme-inspired cryptocurrency, is experiencing a surge in large transactions in the last 24 hours, indicating potential activity from major investors, or "whales." According to data from IntoTheBlock, the total value of these large transactions, exceeding $100,000, nearly doubled in the past 24 hours, jumping from $1.53 billion to a staggering $3.01 billion. This translates to a significant rise in the volume of DOGE being moved by these whales, from 9.74 billion to 17.97 billion coins. This surge in whale activity coincides with growing speculation about a potential Dogecoin ETF. The recent optimism surrounding the Ethereum ETF has fueled rumors that DOGE could be next in line for its own regulated investment vehicle. 🔸 Why is Dogecoin ETF possible? Dogecoin appears to have several factors working in its favor for ETF approval. Unlike some other cryptocurrencies, DOGE is not suspected of being a security, its futures are already approved by the U.S. Commodity Futures Trading Commission (CFTC) and it boasts a healthy market capitalization of $24 billion, ranking it as the eighth largest cryptocurrency. Interestingly, Billy Markus, one of the creators behind Dogecoin under the pseudonym Shibetoshi Nakamoto, has even chimed in on the ETF rumor with a lighthearted "amusing" remark. Whether fueled by these rumors or not, the recent surge in whale transactions suggests heightened interest in DOGE, and investors are watching closely to see if this translates to a price increase. $DOGE #DOGE #Dogecoin
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