Dogecoin

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 <p>A closely followed crypto strategist believes that one memecoin’s latest rally indicates a Dogecoin (DOGE) rival is about to soar.</p>
 <p>Pseudonymous analyst Inmortal tells his 206,500 followers on the social media platform X that dog-themed crypto asset Floki (FLOKI) is showing a similar pattern as DOGE rival Pepe (PEPE) before its recent rally.</p>
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 <p><em>“FLOKI will follow PEPE. You know, contagion.”</em></p>
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHRiaUSXQAA9pfG?format=jpg&amp;name=4096x4096" alt="Image" width="2478" height="1243">
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   Source: Inmortal/X
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 <p>The trader’s chart suggests that PEPE could soon break through its December high of around $0.00000175. The chart also shows that FLOKI is on track to print a similar price pattern and rally past its December high to around $0.0000490</p>
 <p>FLOKI is trading for $0.0000512 at time of writing, up more than 18% in the last 24 hours, while PEPE is trading for $0.00000264, up more than 46% in the last 24 hours.</p>
 <p>The trader is also predicting a massive rally for Ethereum (ETH) against Bitcoin (BTC) based on a historical price pattern.</p>
 <p><em>“I don’t know how many times I’ve posted this chart, but I’m posting it again.”</em></p>
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHM4pBEXMAARMZ1?format=png&amp;name=4096x4096" alt="Image" width="2475" height="1243">
  <figcaption class="wp-caption-text">
   Source: Inmortal/X
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 <p>Looking at his chart, the trader suggests that ETH/BTC is forming a similar pattern in 2020 when the pair traded at the lower bound of a lengthy trading range before rallying to the upper bound. The current upper bound trading range is around 0.083 BTC ($4,736).</p>
 <p>ETH/BTC is trading for 0.05689 BTC ($3,243) at time of writing, down more than 2% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/memecoin-contagion-will-spread-to-one-dogecoin-rival-says-crypto-trader-here-s-what-he-means-tbt81051.html">https://thebittimes.com/memecoin-contagion-will-spread-to-one-dogecoin-rival-says-crypto-trader-here-s-what-he-means-tbt81051.html</a></p>

Memecoin ‘Contagion’ Will Spread to One Dogecoin Rival, Says Crypto Trader – Here’s What He Means

TheBitTimes

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