Bittime - Floki (FLOKI) became the second best performing cryptocurrency on the weekly chart, behind only Pepe (PEPE). This dog-themed meme coin surged 339.84% in the weekly chart in the 2-week period. The latest price spike made FLOKI's ranking rise and enter the top 100 crypto projects. Currently, the asset is ranked 81st, with a market capitalization of $1.39 billion.
FLOKI Price Movement Today
Despite being bullish, FLOKI experienced a correction of 29.43% in the Daily chart
Next, FLOKI coin also experienced a correction of 6.16% in the 1 hour chart.
This sudden change in direction may cause concern for some investors.
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Bitcoin Influence?
Bitcoin (BTC) is currently only down 3.4% from its record high of $69,044. With BTC nearing its previous peak, many investors are hoping other altcoins will follow its lead. However, FLOKI is still down 57.8% from its record high of $0.0003365 reached in November 2021.
Both FLOKI and BTC peaked around the same time. Hence, it is possible that this meme coin will show a similar pattern this time too.
Also Read How to Buy Crypto:
Crypto Observer Predictions
According to Changelly , a crypto prediction platform, FLOKI will not reach its record high in 2024.
They predict this asset will reach a maximum price of $0.000171 in 2024, which means growth of around 21.5%.
Changelly estimates that FLOKI will only reach its highest record again in October 2026, about two and a half years from now.
Also Read FLOKI Token Soars 343% in a Week: This is the Reason!
Meme Coin Fever is Still Happening
Despite this, the market currently seems to be dominated by meme coins. Other dog-themed cryptocurrencies, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK), have also seen significant price increases.
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Conclusion
FLOKI's fantastic price increase certainly tempts investors to join the trend. However, it is important to remember that crypto investments involve high risks and prices can fluctuate.
Do in-depth research and analysis before deciding to invest in FLOKI or any other crypto.
How to Buy Floki (FLOKI) on Bittime
You can buy and sell Floki (FLOKI) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Floki (FLOKI) is available on Bittime with the market pair FLOKI/USDT . To be able to buy FLOKI USDT on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Floki (FLOKI) on Bittime .
Monitor the price chart movements of Floki (FLOKI) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read
What is FLOKI (FLOKI)? Get to Know This Memecoin Inspired by Elon Musk
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Floki Burns 2% Tokens to Increase Network Value and Security
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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