🔥🔥🔥Floki (FLOKI) Price Prediction: What's Next After the 530% Rally to All-Time High?

The Floki (#FLOKI ) price fell to $ 0.0000025 with a 25% retreat on March 15, barely 24 hours after reaching an all-time high price of $0.000031. Analysis on the chain How a recent swing in a critical catalyst driving the rally may affect FLOKI price action in the coming days.

Will the FLOKI price fall further after the consolidation phase or will it enter another important phase?

#Flokii Media traction is down 50% this week

Floki is an important memecoin hosted on the Ethereum blockchain network. The sudden increases in global memecoin demand in recent weeks have increased the FLOKI token price by 530% in the first half of March 2024 alone.

Like most memecoins, the FLOKI rally has leaned heavily on social media narratives and bullish comments from its global fan base. However, intra-chain data trends show that Floki Inu media traction declined last week.

The following Social Dominance chart of Sanitation tracks the daily number of a particular cryptocurrency project, or its stock price is reddit, x, telegram, etc. It is mentioned on various related crypto media channels, such as.

As seen above, FlOKİ attracted 0.75% of all crypto media comments on March 2, just as the price rally broke out. After a brief dip, it rose to another peak of 0.6% on March 9, setting the stage for the latest wave of price increases last week.

But since March 9, mentions of Floki Inu social media have been experiencing a sharp decline. The Social Dominance of 0.3% recorded at press time on March 15 represents a decrease of 50%.

In a media-sensitive sector such as the Memecoin market, assets are at risk of rapid price drops when their traction and mentions start to fall.

Without a significant increase in FLOKI media mentions, potential investors may overlook this, while current holders may start to fomo out of their positions in meme tokens, which rank higher on the table of social media trends.

#FLOKI #binance #memecoins