Crypto Trader Predicts Strong Pump for Meme Cryptocurrency FLOKI
Date: 2023-12-19 Author: Dima Zakharov Categories: BLOCKCHAIN, IN WORLD
FLOKI's Rally Potential
Crypto Tony, a crypto analyst and trader, has high hopes for meme cryptocurrencies, particularly Shiba Inu (SHIB), which is gradually gaining momentum. However, his most notable prediction is the potential for a significant rally in FLOKI. He points to several events that could contribute to this growth.
DWF Labs Token Acquisition
One of the key events that could drive FLOKI's rally is the recent acquisition of DWF Labs tokens worth approximately $1.25 million. This led to an 18% increase in the meme coin's price.
FlokiFI Locker's Milestone
Furthermore, the FlokiFI Locker, an element of the FLOKI ecosystem, recently reached a record Total Value Locked (TVL) of $100 million. This milestone indicates the trust in the FLOKI project for token storage and DeFi services.
Price Movements
Despite Crypto Tony's optimism about meme coins like FLOKI and SHIB, both have experienced price declines in line with the broader cryptocurrency market. According to CoinGecko, FLOKI is currently valued at $0.00003400, with a daily drop of 8.1% and a weekly decline of 9%. The token's daily trading volume stands at $20.05 million, marking a 41% decrease.
SHIB has faced a similar fate, with its price dropping by 3.5% to $0.000001018 in the past day. The meme coin's trading volume decreased by 56% over the last day, reaching $361.85 million. Nevertheless, SHIB remains up by 6.9% for the week despite the challenging 24 hours.
