Floki Price Prediction as FLOKI Drops 4% Overnight – What’s Going On?
Floki Inu has fallen by 4% in the past 24 hours, with the FLOKI price sinking to $0.0001929 as the wider crypto market sees a very slight 0.5% dip today.
While FLOKI is up by 2.5% in a week, it has now declined by 30% in a week, although the popular meme coin has posted a 460% increase in the last 12 months.
This is very impressive performance, and with FLOKI remaining popular among retail investors and whales, it could easily see a recovery in the coming weeks.
This is particularly the case when the market is waiting on a possible surge, which could coincide with the next Bitcoin halving on April 20.
Floki Price Prediction as FLOKI Drops 4% Overnight – What’s Going On?
One encouraging feature of FLOKI’s chart is that it has bounced a little in the past hour, after dropping earlier this morning.
This could mean that it has bottomed out as far as its recent decline is concerned, a claim which receives some tentative reinforcement from its support line (green).
Source: TradingView
It’s also notable that FLOKI’s 30-day average (orange) has reached what looks like a bottom in relation to the 200-day (blue), implying that the coin has entered an oversold position and is ready to rebound.
Having said that, FLOKI’s trading volume remains largely lowkey at $150 million, whereas it rose as high as $2 billion in early March.
What we can take from this is that whales have yet to return to the meme token, despite having pumped it vigorously in the weeks preceding its last big surge.
$FLOKI: It seems that price is still in a wave-iv correction. Ideal target for wave-C is the 100% Fib extension level at $0.000137.
A break above $0.000266 would be the first sign that wave-iv already has bottomed. pic.twitter.com/RSt5KjF9bi
— Man of Bitcoin (@Manofbitcoin) April 12, 2024
Yet given that the coin has been down for several weeks now, it may be a good time to buy it, given that it’s selling at a relative discount.
Indeed, the next week or so may see the crypto market rally as a whole, helped by the incoming Bitcon halving, which is due in eight days.
And the Floki price could ride any resulting bull market, with the token continuing to attract new exchange listings that could support it in the long run.
More importantly, it also has a detailed and ambitious roadmap that should help improve its utility and fundamentals.
FLOKI ROADMAP: WHAT’S NEXT ON OUR AGENDA…
From the get-go, we’ve been VERY clear about our goal for Floki:
To be the most known and most used cryptocurrency in the world.
Our new roadmap outlines how we intend to achieve this:https://t.co/cBqJXwhziH pic.twitter.com/hBydq4D4lX
— FLOKI (@RealFlokiInu) March 22, 2024
For this reason, the Floki price should reach $0.00025 in the next couple of months, before reaching $0.00035 in the latter half of the year.
Newer Meme Tokens May Bring Bigger Returns
While FLOKI remains one of the most popular meme coins in the market, it isn’t the only promising token available right now.
Numerous newer meme coins have emerged in the past few weeks, with several holding presales that not only help support their development, but also help them attract supporters prior to listing.
One coin doing this is Dogeverse (DOGEVERSE), a multi-chain meme token that has raised more than $2.8 million in its increasingly popular sale.
Embracing Inclusive Accessibility!
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
What’s so exciting about Dogeverse is that it’s one of the only meme tokens in the market to make itself multi-chain.
It will launch on Ethereum, before bridging to Polygon, BNB Chain, Solana, Avalanche and Base.
What this means is that it will find applications and uses in multiple ecosystems and platforms, something which could raise its demand in relation to other similar tokens.
It also comes with bullish tokenomics, with its capped supply of 200 million tokens ultimately making it a deflationary token.
And unlike the original Dogecoin, holders will be able to stake DOGEVERSE, earning themselves a passive income in addition to any price gains.
#DOGEVERSE bringing in optimized costs and speed!
Users enjoy the ability to choose chains with lower transaction fees and faster processing times, significantly enhancing the trading and transaction experience. pic.twitter.com/phcMnBhwLT
— DogeVerse (@The_DogeVerse) April 11, 2024
All in all, the use of multiple chains will make DOGEVERSE one of the fastest and most useful tokens in the crypto ecosystem.
Investors can join its presale by heading over to the official Dogeverse website, where 1 DOGEVERSE currently costs $0.000293.
The presale has an allocation of 15% of the coin’s overall supply, with 10% going to staking and 50% going to marketing and project funds (a further 15% goes to liquidity and another 10% to its ecosystem).
Given how quickly the sale is raising money, it may sell out fairly soon, so interested parties are advised to act quickly.
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