Floki Price Prediction as FLOKI Suddenly Spikes Up 15% – Are Whales Buying?
The Floki price has surged by 15% today, reaching $0.0001968 as the cryptocurrency market as a whole posts a 1% gain in 24 hours.
FLOKI has now gained by an impressive 40% in a week, and while the meme token remains down by 15% in a month, it has also increased by 600% in the past year.
These figures make Floki Inu one of the best-performing major meme coins of this period, with its gains over the past few days coming after Revolut announced it would be listing the FLOKI token.
And with the wider market improving today after a difficult couple of weeks, we could see more Floki price gains very soon.
Floki Price Prediction as FLOKI Suddenly Spikes Up 15% – Are Whales Buying?
FLOKI’s indicators remain in a very bullish position, signalling that the coin could continue to post gains in the near term.
Its 30-day average (orange) is still rising further beyond the 200-day average (blue), providing a clear sign that the token remains in a growth phase.
Source: TradingView
At the same time, FLOKI’s RSI is hanging around the 60 mark, where it could easily rise again once the past hour’s dip has played out.
It’s also bullish that the coin’s resistance (red) and support (green) levels are rising in parallel, with $0.00020 being the key resistance to watch.
If Floki can break through this price, we could certainly see more buyers entering its market and pushing its price up further.
At the moment, there haven’t been any recent signs of big transfers involving whales, yet the fact that FLOKI’s volume has risen from $100 million over the weekend to nearly $500 million today would certainly suggest that traders are stocking up on the coin.
#FLOKI just got listed on Revolut, the biggest neobank and retail trading app in Europe!
This listing will make $FLOKI accessible to @RevolutApp‘s 40 million+ users in 150+ countries who will be able to buy FLOKI with 25+ fiat currencies including GBP, EUR, USD and more.
Users… pic.twitter.com/Hy62VJw2w4
— FLOKI (@RealFlokiInu) April 22, 2024
Driving interest in Floki has been the aforementioned announcement that Revolut has added support for the token, meaning that around 40 million of the fintech’s customers could potentially become FLOKI holders.
Not only is this a vote of confidence in the meme coin, but it offers a reminder that it could see further listings in the near future, with Coinbase (for example) yet to add the token.
And seeing as how the wider market is expecting an improvement in macroeconomic conditions later in the year (e.g. rate cuts), the Floki price could continue to rise as positivity increases.
It may reach $0.00025 by the end of summer, before breaking its record high ($0.0003365) in the final quarter of 2024.
Other High-Potential Meme Tokens
FLOKI looks very good at the moment, but it isn’t the only growing meme token that could post some very big gains in the near future.
There are also various recently launched meme coins that are showing strong potential, with several presale tokens generating lots of momentum as they get ready to list.
One of the hottest of these is Slothana (SLOTH), a Solana-based cryptocurrency that has raised more than $10 million in its soon-to-be-closing sale.
Prepare for a moonshot as we ready the engines of the Slothship! With the launch just around the corner, our slothful crew is gearing up for an epic journey through the crypto cosmos. Buckle up and hold onto your branches, because there’s just 6 days to go … pic.twitter.com/yHBrE3NP5x
— Slothana (@SlothanaCoin) April 22, 2024
The sale will end in five days, at which point the coin will hold its airdrop and list on trading platforms.
Given that it has raised over $10 million in a matter of weeks, its listings could see it post some very big gains.
On the one hand, this will be helped by the fact that it’s launching at a time when demand for Solana-based meme coins is still high, with certain tokens (e.g. DogWifHat) enjoying eye-watering returns in recent months.
On the other hand, Slothana has already done a good job in building a strong online community, with its official X account now having more than 24,000 followers.
Because meme tokens often live or die by the health of their communities, Slothana’s ability to generate a following so quickly is a good sign for its future.
Investors can join its sale at the Slothana website, where they can buy the token at a rate of 1 SOL for 10,000 SLOTH.
This works out at about $0.0156 per token, a price that could end up seeming very cheap once the token lists in less than a week.
The post Floki Price Prediction as FLOKI Suddenly Spikes Up 15% – Are Whales Buying? appeared first on Cryptonews.