dogwifhat

2024

FLOKI

FLOKI and the dog-themed cryptocurrencies have been the talk of the town recently. BONK and dogwifhat (WIF) reached new all-time highs (ATH) this month, while the Viking dog-based token climbed to levels not seen since the previous bull run. 
During this rally, memecoins have soared alongside the rest of the cryptocurrencies. However, in the past 24 hours, the market went from flying to crashing as the prices of most cryptocurrencies followed the recent Bitcoin dip. 
<h2 style="font-weight: 400" id="is-floki-ready-to-continue-its-expansion">Is FLOKI Ready To Continue Its Expansion?</h2> 
Last week, FLOKI, the fifth largest memecoin by market cap, soared by over 60% after announcing its <a href="https://www.newsbtc.com/news/floki-skyrockets-to-new-all-time-high-soaring-60-following-two-major-listings/" target="_blank" rel="noopener ">listing</a> in two major crypto exchanges in Asia and the Middle East. The news propelled the token’s price to $0.0002043. 
Crypto Analyst Byzantine General shared on X (formerly Twitter) his view on the token’s recent performance. According to the post, FLOKI was one of the few tokens that “held up nicely.” Based on that, Byzantine General observed that the price was consolidating before another expansion. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 One of the coins that held up nicely today is <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$FLOKI</a>. Looks like it's just consolidating before another expansion. And lately it's basically been a higher beta <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$DOGE</a>. <a href="https://t.co/9MsrfInjvA" rel="nofollow">pic.twitter.com/9MsrfInjvA</a> 
 — Byzantine General (@ByzGeneral) <a href="https://twitter.com/ByzGeneral/status/1768378307282706911?ref_src=twsrc%5Etfw" rel="nofollow">March 14, 2024</a>
</blockquote> 
FLOKI has shown a rising trajectory this month, increasing 337% since March 1st. The chart in the post highlights the past four days, displaying that the <a href="https://www.newsbtc.com/news/solana/solana-tokens-among-top-gainers-jup-and-wen-soar-over-12-wif-hits-new-ath/" target="_blank" rel="noopener ">Solana-based</a> memecoin has consolidated between the $0.00026-$0.0003 price range. 
A broader look at the token’s price exhibits that it hovered between $0.000028-$0.000039 in the first two months of 2024 before breaking above the $0.000040 resistance level at the end of February. In the past 30 days, FLOKI has registered a stellar $649.4% growth. 
Similarly, the renowned trader and market analyst MacroCRG shared on X that “$FLOKI holding up like a mf chad” amid the market dip. According to the trader, the token will continue as one of the leaders “as long as the memecoin supercycle bid remains.” 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 Market shits itself? 
 It's oke, <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$FLOKI</a> holding up like a mf chad 
 New revamped roadmap coming soon + many product launches lined up for the rest of the year… 
 As long as the memecoin supercycle bid remains… IMO <a href="https://twitter.com/RealFlokiInu?ref_src=twsrc%5Etfw" rel="nofollow">@RealFlokiInu</a> gonna continue being one of the leaders <a href="https://t.co/2gsIE04Dkv" rel="nofollow">pic.twitter.com/2gsIE04Dkv</a> 
 — CRG (@MacroCRG) <a href="https://twitter.com/MacroCRG/status/1768624859267924235?ref_src=twsrc%5Etfw" rel="nofollow">March 15, 2024</a>
</blockquote> 
The analyst highlighted the project’s newly revamped roadmap as part of its “strengths.” Additionally, he pointed out that the web3 project has product launches lined up for the rest of the year. 
<h2 style="font-weight: 400" id="floki-s-price-action">FLOKI’s Price Action</h2> 
The launch in the mainnet of the Valhalla Game, powered by FLOKI, is highly expected by the “Floki Vikings.” Undoubtedly, the community has shown massive support and confidence in the web3 project, as many <a href="https://x.com/smartestonx/status/1768334810525896725?s=20" target="_blank" rel="noopener nofollow">expect</a> it to skyrocket soon to a new ATH. 
The token’s price has closely followed the jumps and dips of BTC during the past seven days, as seen in the chart below. It registered a drop of 13.5% in the last 24 hours. 
<img loading="lazy" decoding="async" class="size-large wp-image-598085 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-15-a-las-8.23.25-a.-m.png?w=860&amp;resize=860%2C550" alt="BTC, FLOKI" width="860" height="550" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-15-a-las-8.23.25-a.-m.png?w=981 981w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-15-a-las-8.23.25-a.-m.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-15-a-las-8.23.25-a.-m.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-15-a-las-8.23.25-a.-m.png?w=860&amp;resize=860%2C550 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-15-a-las-8.23.25-a.-m.png?w=750 750w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
Coupled with the price drop, the daily trading volume decreased 21.3% to $837.2 million. Moreover, WIF recently flipped it, which took fourth place as the largest memecoin by market cap. By this metric, FLOKI’s $2.47 billion takes 52nd place in the global crypto market ranking after a 6.6% decrease in the last day. 
At writing time, FLOKI is trading at $0.000248. Despite the price decrease, the token still shows a remarkable 28.3% growth in the 7-day timeframe. 
<img loading="lazy" decoding="async" class="size-large wp-image-598083 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/FLOKIUSDT_2024-03-15_08-12-18.png?w=860&amp;resize=860%2C433" alt="FLOKI, FLOKIUSDT, memecoin " width="860" height="433" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/FLOKIUSDT_2024-03-15_08-12-18.png?w=1022 1022w, https://www.newsbtc.com/wp-content/uploads/2024/03/FLOKIUSDT_2024-03-15_08-12-18.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/FLOKIUSDT_2024-03-15_08-12-18.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/FLOKIUSDT_2024-03-15_08-12-18.png?w=860&amp;resize=860%2C433 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/FLOKIUSDT_2024-03-15_08-12-18.png?w=360 360w, https://www.newsbtc.com/wp-content/uploads/2024/03/FLOKIUSDT_2024-03-15_08-12-18.png?w=750 750w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1">

Crypto Analysts Foresee Another FLOKI Expansion Despite Market Drop

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