{"id":65235,"date":"2024-05-21T17:42:31","date_gmt":"2024-05-21T17:42:31","guid":{"rendered":"https:\/\/coinjournal.net\/?p=205253"},"modified":"2024-05-21T17:42:31","modified_gmt":"2024-05-21T17:42:31","slug":"analyst-bullish-on-floki-as-pepe-and-bonk-rally","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\/","title":{"rendered":"Analyst bullish on Floki as Pepe and Bonk rally"},"content":{"rendered":"\n<ul>\n<li><span style=\"font-weight: 400\">Analyst picks Floki Inu over Pepe and Bonk as meme coins join the crypto party<\/span><\/li>\n<li><span style=\"font-weight: 400\">Surging Bitcoin and Ethereum could help FLOKI price higher.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Technical picture also bullish for the meme coin as price nears.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Pepe (PEPE) and Bonk (BONK) are up 33% and 24% respectively as the memecoin world bids to join the crypto party after Ethereum ETF news sparked a buying frenzy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But while PEPE and BONK are standout performers among the top meme coins by market cap today, an analyst has shared some of the reasons to be bullish on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/floki\/\">Floki Inu (FLOKI)<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">&ldquo;$PEPE and $BONK are both up over 34% today, showing that the memecoin economy is super strong,&rdquo; crypto analyst Shelby <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoNewton\/status\/1792922261797634399\">noted<\/a> via X.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the two meme coins lead the gainers across the sector, the analyst points to Floki Inu (FLOKI) as one to watch.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Shelby, Pepe and Bonk&#8217;s massive spikes in the past 24 hours are a precursor of what the market could witness with Floki.<\/span><\/p>\n<p><span style=\"font-weight: 400\">&ldquo;I believe now is a good time to start paying attention to Floki,&rdquo; Shelby noted, pointing to Floki&#8217;s standing as one of the top meme coins. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Floki&#8217;s ecosystem growth, which includes key product updates, is also a factor to consider when analyzing its price potential down the road.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Floki Inu&#8217;s growth and the 2024 roadmap<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Floki has witnessed steady growth since the team unveiled the project&#8217;s 2024 roadmap earlier this year. <\/span><\/p>\n<p><span style=\"font-weight: 400\">With part of the goal being to move Floki beyond the memecoin status, key developments to watch include staking, Floki debit cards and digital bank and the flagship utility product Valhalla.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the market, Floki price recently surged by more than 13% amid a new DAO proposal that sought community approval to burn 15,246,000,000 FLOKI.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to an announcement on Tuesday, that burn is set to occur on May 22, 2024 following a 99.84% vote approval.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Floki Inu price today<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Today&#8217;s 11% gains come as Floki mirrors prices of top coins BTC and ETH, with sentiment positive amid the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/standard-chartered-anticipates-spot-ethereum-etfs-approval-this-week\/\">potential approval of spot Ether ETFs by the SEC<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400\">A sharp rise for cryptocurrencies due to an approval could catapult FLOKI higher. The token burn, as in the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/floki-successfully-executes-190-billion-token-burn\/\">recent case<\/a>, also adds to the positive outlook.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the technical picture also supports an upside continuation for FLOKI with momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) hitting at bullish strength.<\/span><\/p>\n<figure id=\"attachment_205255\" aria-describedby=\"caption-attachment-205255\" class=\"wp-caption alignnone\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/uobiKhZB\/\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-205255 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/05\/floki-price-chart.png\" alt=\"\" width=\"1074\" height=\"545\"><\/a><figcaption id=\"caption-attachment-205255\" class=\"wp-caption-text\">Floki Inu price on the 4-hour chart. Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Floki Inu price is currently at $0.00022, its highest level since early April.<\/span><\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\/\">Analyst bullish on Floki as Pepe and Bonk rally<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Analyst picks Floki Inu over Pepe and Bonk as meme coins join the crypto party Surging Bitcoin and Ethereum could help FLOKI price higher. Technical picture also bullish for the meme coin as price nears. Pepe (PEPE) and Bonk (BONK) are up 33% and 24% respectively as the memecoin world bids to join the crypto [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\/\">Analyst bullish on Floki as Pepe and Bonk rally<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":65236,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-65235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Analyst bullish on Floki as Pepe and Bonk rally - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst bullish on Floki as Pepe and Bonk rally - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Analyst picks Floki Inu over Pepe and Bonk as meme coins join the crypto party Surging Bitcoin and Ethereum could help FLOKI price higher. 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Pepe (PEPE) and Bonk (BONK) are up 33% and 24% respectively as the memecoin world bids to join the crypto [&#8230;] The post Analyst bullish on Floki as Pepe and Bonk rally appeared first on CoinJournal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-21T17:42:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/05\/floki-price-chart.png\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"Analyst bullish on Floki as Pepe and Bonk rally\",\"datePublished\":\"2024-05-21T17:42:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\\\/\"},\"wordCount\":445,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/analyst-bullish-on-floki-as-pepe-and-bonk-rally.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/analyst-bullish-on-floki-as-pepe-and-bonk-rally\\\/\",\"name\":\"Analyst bullish on Floki as Pepe and Bonk rally - 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