𝐁𝐈𝐆 𝐆𝐈𝐅𝐓 𝐅𝐎𝐑 𝐘𝐎𝐔 𝐂𝐋𝐈𝐂𝐊 𝐓𝐖𝐎 𝐌𝐘 𝐏𝐈𝐍𝐍𝐄𝐃 𝐏𝐎𝐒𝐓𝐒 𝐆𝐄𝐓 𝐑𝐄𝐖𝐀𝐑𝐃 𝐔𝐏𝐓𝐎 𝟏𝟎$💰🎁
#Floki Price Prediction After 7% Drop End of Meme Coins?
On Wednesday, the Floki (FLOKI) price fell another 7% to around $0.0001350 as the crypto market struggled.
After weeks of economic and geopolitical headwinds, the crypto market has become pessimistic.
Bitcoin is down 17% from last month's peak $74,000 and is testing $60,000.
Bitcoin may go below $60,000 for the first time since March after the halving.
Bearish crypto market movements might intensify, weighing on meme currency markets like $FLOKI .
Floki is down 57% from last month's $0.0003150ish highs, recently reaching $0.000135.
Others with meme coins are losing too. DOGE has fallen 35% from last month's highs. Shiba Inu (SHIB) fell beyond 50%. And Pepe (PEPE) is down 54%.
Recent losses have investors wondering, “is it over for meme coins?”
After this, meme currencies like Floki may suffer. The absence of intrinsic value makes meme currencies prone to hype cycles.
Meme coin excitement rose in late February/early March. Prices might rise swiftly and fall as enthusiasm dissipates.
Floki may fall to its 2023 highs of $0.00007.
Floki's community and developers are working to make FLOKI more than a meme currency. The meme coin's updated roadmap reveals its team's various FLOKI utility initiatives.
Second, Bitcoin ETF speculation drove the recent meme coin price increase, proving meme coins can still produce huge returns.
Despite short-term bearishness, most expect a long-term bull market.
Cryptos like Bitcoin, Ethereum, and Solana may regain popularity.
It might spread to meme currency. Going short meme currencies like Floki now may provide better gains.
However, short positions risk getting blown up if excitement returns.
As its market worth drops to $1.3 billion, Floki might still gain 10x or more in bull market.
