FLOKI Soars 212%, Will It Displace Shiba Inu?

Bittime - FLOKI pricejumped 44% in the last 24 hours, and its rise to $0.0001943 marks a 212% increase in the week.

This meme coin has become one of the most successful in the top 100 in a few weeks. FLOKI even recorded an impressive increase of 480% in two weeks and 590% in a month.

This spike occurred because FLOKI received attention from large investors ( whales ) and was increasingly discussed among traders. This token managed to outperform its closest competitors.

With the momentum it has, FLOKI has the potential to continue to climb the rankings in terms of market capitalization, approaching rivals such as Shiba Inu and Dogecoin.

FLOKI Price Analysis: Will it Continue to Rise?

FLOKI has gone from strength to strength in recent weeks. The price rose sharply in early March, declined slightly, then surged again in the last few days.

Technical indicators reflect this momentum. The relative strength index (RSI) climbed back above 80 today after falling sharply to 70 earlier this week.

Typically, a reading above 80 indicates that a coin is overbought and will soon decline. However, it is clear that FLOKI – like many other coins – is currently in a price discovery phase amidst new bull market conditions.

The market has ignored FLOKI for months, meaning there is still plenty of room for it to continue rising before it risks a sharp and prolonged correction.

In addition, large investors are betting that FLOKI will record even greater profits in the near future. The latest data shows a massive transfer of FLOKI out of the exchange.

Check Today's Crypto Market:

More Than Just Hype: FLOKI Fundamentals

Fundamentally, there is no strong reason why FLOKI prices should rise. However, FLOKI has been listed on several new exchanges in recent weeks.

FLOKI has also become a trending topic on various social media, and is even the most popular asset on Stocktwits at the moment.

All this shows the potential for continued FLOKI price growth. The increase in FLOKI prices is likely to continue in line with the bullish trend that is hitting the market as a whole.

It appears that increasing Bitcoin ETF volume is driving crypto asset prices in general. This is further supported by hopes for the presence of an Ethereum ETF and the subsequent Bitcoin halving event.

Thus, FLOKI price is expected to reach $0.00020 soon, before rising to $0.00030 sometime this spring.

Also Read: Solana Renaissance: Big Event Brings Narrative of the Golden Age of Crypto

New Meme Token Ready to Compete

FLOKI certainly looks promising at the moment, but it is not the only interesting meme token on the market. Several newly launched coins also have the potential to experience a big rally.

For example, Smog (SMOG) jumped 32% in the last 24 hours alone. The new Ethereum and Solana-based coin has gained more than 15,000% since listing on Birdeye early last month.

SMOG's rise far beyond its initial performance at launch is a strong bullish signal, underscoring the long-term potential the coin has.

SMOG's success is largely thanks to its interesting airdrop system, where holders with the largest SMOG holdings before the airdrop will get more coins.

This scheme encourages long-term holdings, motivating investors to hold on to their coins as long as the airdrop continues. Even after the airdrop ends, investors can still stake SMOG, with profits reaching 42% APY.

Another interesting feature of SMOG is that there are "missions" that investors must complete. These missions involve tasks that can improve the coin community and encourage participation. As a result, Smog already has a healthy online community, with a Twitter account that now has 36,000 followers.

Investors can purchase these tokens on Smog's official website, or via DEX aggregators Jupiter or Birdeye. SMOG is also in the process of listing on other exchanges, which will likely drive further price increases in the coming weeks.

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Conclusion: Diversify and Be Careful

The crypto market is full of volatility and speculation. FLOKI, even though it is trending positively, does not yet have strong fundamentals to guarantee long-term success. Instead, its current appeal is driven more by hype and momentum.

Investors interested in FLOKI should be careful and do their own research before investing. It is best to allocate investment funds proportionally (diversify) and never invest funds that you cannot afford.

Apart from FLOKI, the presence of Smog (SMOG) as a promising newcomer offers an interesting alternative. However, as with FLOKI, it is important to always be aware of the risks involved.

Overall, the development of meme tokens like FLOKI and SMOG reflects the rapid pace of innovation and high interest in the crypto space. However, investors must be wise in seeing the opportunities and risks that accompany investment in this sector.

How to Buy Floki Inu (FLOKI) on Bittime

You can buy and sell Floki Inu (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 Inu (FLOKI) is available on Bittime with the market pair FLOKI/IDR . To be able to buy FLOKI IDR at 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 Inu (FLOKI) on Bittime . 

Monitor the price chart movements of Floki Inu (FLOKI) , Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

Floki Inu (FLOKI) Price Soars 300% in a Week: What's the Cause?

What Is SPX6900 (SPX)? A Memecoin with Infinite Possibilities

Floki Price Flying High: Soars After Burn Proposal News

DISCLAIMER : This article is informational in nature and is not an offer or solicitation 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.