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Starting the week's trade on a bearish note, Bitcoin lost one of its important supports at $63,500, which caused the price to drop below $62,500. This move has caused the memecoin space to lose over 5% of its market cap as the trading volume soars by above 18% in the past 24 hours.
The meme coin sector is often seen as a challenging investment area for crypto investors due to its high volatility. These assets typically exhibit more dynamic movements than the broader market, making them popular for speculative trading.
Floki, the self-proclaimed Dogecoin rival with a Shiba Inu mascot, is shaking off recent market jitters with a surge in social media buzz and exciting ecosystem developments. While the broader cryptocurrency market remains volatile, Floki appears to be carving its own path, fueled by a passionate online community and strategic expansion plans.
Out of the 10 worst performing cryptocurrencies in the last week, three are meme coin majors. Dogwifhat (WIF), Floki (FLOKI) and Bonk (BONK) registered double-digit losses, while Shiba Inu (SHIB) and Dogecoin (DOGE) are also in the red.
On 21 June 2024, the team behind the Floki ($FLOKI) cryptocurrency issued a press release detailing the project's recent developments and market position. According to the Floki team, their token has established itself as a notable player in the meme coin sector, citing practical applications and community support as key drivers of its success.
The bearish cartel launches a fresh attack over the crypto space and drags the BTC price below $65,000 for the first time in the past 40 days. Meanwhile, memecoins like FLOKI, WIF, & BONK price near double-digit losses. Here's what to expect from these tokens by the end of the month.
An accurate assessment of meme coins to sell will help you to minimize risks during the market correction.
Dog-themed meme coins surge compared to rivals as digital assets attempt a recovery. In the past 48 hours, crypto assets have notched a slight rebound across Bitcoin (BTC), altcoins, and meme coins.
A smart money trader, identified as 0x403, has recently staked 14 billion Floki Inu (FLOKI) tokens, valued at approximately $2.36 million, into the Floki ecosystem. This strategic move comes after 0x403 accumulated these tokens two years ago at an average entry price of $0.00001207.
As the cryptocurrency market continues to evolve, investors are always on the lookout for promising opportunities. Two such cryptocurrencies, Shiba Inu ($SHIB) and Floki ($FLOKI), have captured the attention of many.
With a slight change in market dynamics, AI tokens and Memecoins have regained their lost momentum. While the major tokens within the top 10 maintain a sluggish trend, the prices of FET and AGIX lead the top performers, while FLOKI & PEPE have just begun with a strong upswing.
Meme-based cryptocurrencies have been part of the crypto industry for more than a decade. More importantly, it is quite popular among investors for its quick gains and low value.
Floki reports a 4% rise at press time as key indicators and on-chain data shows an upcoming uptrend.
In this detailed analysis, we explore the latest Floki Inu (FLOKI) price prediction, focusing on critical support and resistance levels.
A crypto analyst has shed light on the performance of meme coins and altcoins in the upcoming bull run. He has labeled popular meme-based cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI, as “Dino Coins,” emphasizing that these tokens could potentially skyrocket during the altcoin season.
Falling Bitcoin prices have prompted a dump in the altcoin market, but that is not the only reason behind their poor performance, according to a new 10x Research report. The report highlights several key reasons behind the crash.
FLOKI, the popular dog-themed meme coin, has impressed its investors with its earlier gains, rising to an all-time high of $0.0003462 on June 5. However, this surge did not last long as the price dumped almost immediately and has bagged a 51% drop since then.
The world's largest crypto exchange Binance on Tuesday said it will add new FDUSD, USDC, and USDT trading pairs on cross margin and isolated margin. Binance will list several cryptocurrencies including SATS (1000SATS), dogwifhat (WIF), Notcoin (NOT), Bonk (BONK), zkSync (ZK), and Floki (FLOKI).
The memecoins were trading in a bullish pattern, which indicated a strong breakout after a brief consolidation. Unfortunately, the bears played out well and slashed the Bitcoin price below $65,000, which shook the entire market along with the memecoins. The top tokens like Pepe, FLOKI, WIF, BONK, BOME, etc.
Shiba Inu competitor FLOKI has been one of the best performers this year and continues to maintain a high level in the market. Its price has more than doubled in 2024, prompting an influx of new investments into the meme coin.
Tether CEO Paolo Ardoino recently referred to Bitcoin as the only true decentralized cryptocurrency, lauding its uniqueness and consistency. The CEO of the largest stablecoin issuer maintained that Bitcoins' status as the apex cryptocurrency might never be usurped.
Pseudonymous trader ‘Trading Vapor‘ suggested meme coins are poised to benefit the most from the upcoming alt season. What Happened: Trading Vapor shared his observation that sentiment towards both altcoins and meme coins is bad but thinks this is misplaced.
Here is how some of your favorite assets concluded the week.
The next few days and weeks might be interesting for those invested in FLOKI's price action
