FLOKI's price has risen over 12% in the past 24 hours, approaching a market cap of $1 billion. This development draws trader attention back to meme cryptocurrencies.
FLOKI's Price Surge
In the last 24 hours, FLOKI's price increased by 12%, bringing its market cap close to $913 million. This positive trajectory positions FLOKI as one of the few meme coins to survive the market.
Investor Insights and Future of Meme Coins
Investor **SlumDOGE Millionaire**, with over 388,000 followers on X, stated: 'No one is ready for what FLOKI will do,' adding that the project still has much room to grow. He also noted that FLOKI has not experienced its true bull run in 2021, a sentiment shared by many early holders.
Technical Analysis and Price Prediction
On the FLOKI/USDT chart, the price has broken out of a long accumulation zone and is approaching the $0.000010 level. If it closes above this zone with strong volume, the next key levels are around $0.0000125 and $0.000015. The RSI indicates FLOKI is in overbought territory, which may signal a short-term pullback.
As meme coins regain popularity, FLOKI is well-positioned for further growth. If it can break the $1 billion mark and the 200-day moving average, it may pave the way for a significant trend reversal.
