After listing on Coinhako, Singapore’s largest cryptocurrency exchange, the price of FLOKI soared by 57%. Mimcoin appears to be setting the stage to surpass her sister Mimcoin. It is interesting to note that the current market structure is similar to the Dogecoin market in 2021 before the breakout.
FLOKI/USD price chart. Source TradingView
It is truly amazing how the price of FLOKI has risen in such a short period of time. FLOKI has made a notable leap forward, increasing its value by +252.18% in the past week and +600% in the past month. This meteoric rise comes shortly after the token was listed on CoinHako, the number one regulated cryptocurrency exchange in Singapore. The list made the token much more recognized. This widespread cryptocurrency market enthusiasm and desire for Bitcoin’s upcoming halving is fueling bullish sentiment for cryptocurrencies these days.
Why FLOKI? Able to outperform peers
Several factors suggest significant gain potential for Floki Inu. Cryptocurrency experts point out similarities between Floki Inu’s recent price action and Dogecoin’s patterns prior to its historic 2021 run. Notably, the project’s growing ecosystem is expanding beyond its memecoin roots. The development of the Valhalla metaverse and DeFi product suite demonstrates the team’s ambition to build long-term utility in its tokens.
2024 Viceroy Floki. source
Additionally, memecoin has maintained a solid social media presence, boasting a highly engaged community often referred to as “Floki Vikings.” This solid community support is pivotal in driving awareness and adoption and drives demand for the token.
Despite the recent surge, many investors may be wondering if it is still the right time to enter the FLOKI market. With prices soaring more than 252% in the past week alone, some may fear they’ve missed the boat. However, historical market trends indicate that Floki Inu still holds tremendous potential, especially considering the current bull market and the upcoming Bitcoin halving event.
The upcoming Bitcoin halving, which is scheduled to occur within 40 days, historically marks a surge in cryptocurrency markets. This event, coupled with Floki Inu’s recent listing on Coinhako, suggests that the price rise is not over yet.
Floki Inu’s journey mirrors the Dogecoin journey of the 2021 Bull Run, demonstrating the power of community and meme culture in the cryptocurrency space. While the market remains unpredictable, Floki Inu appears to be having the best price surge and onlookers are wondering if this will actually be the next ‘Doji’ of the cryptocurrency market.