Floki Inu has experienced a 4% decrease in the last 24 hours, causing the FLOKI price to drop to $0.0001929. Despite this, the wider cryptocurrency market has only seen a slight 0.5% decline today. While FLOKI has seen a 2.5% increase over the past week, it has still decreased by 30% within the week. However, the popular meme coin has had an impressive 460% surge over the last 12 months. With the continued popularity of FLOKI among retail investors and whales, there is potential for a recovery in the near future. The market is eagerly waiting for a possible surge, which could coincide with the next Bitcoin halving on April 20.
FLOKI’s chart shows some positive signs, as it has rebounded slightly in the past hour after dropping earlier in the day. This could indicate that it has bottomed out from its recent decline, supported by its green support line. Additionally, FLOKI’s 30-day average has reached what seems to be a bottom in relation to the 200-day average, suggesting the coin is oversold and ready for a rebound. However, trading volume for FLOKI remains relatively low at $150 million, despite reaching $2 billion in early March. This may indicate that whales have not yet returned to the meme token, even after pumping it prior to its previous surge.
Despite the recent decline in FLOKI’s price, the ongoing market rally and approaching Bitcoin halving in eight days could provide an opportunity for the coin to recover and potentially ride a bull market. FLOKI continues to attract new exchange listings which could further support its price in the long term. The coin also has an ambitious roadmap to improve its utility and fundamentals, aiming to become the most known and most used cryptocurrency globally. With these factors in mind, the Floki price is forecasted to reach $0.00025 in the coming months and $0.00035 later in the year.
While Floki Inu remains popular, there are other promising meme tokens entering the market, such as Dogeverse (DOGEVERSE). Dogeverse is a multi-chain meme token that has raised over $2.8 million in its presale. It is one of the few meme tokens to be multi-chain, launching on Ethereum and expanding to Polygon, BNB Chain, Solana, Avalanche, and Base. This multi-chain approach could increase demand for Dogeverse across various ecosystems. The token has deflationary tokenomics with a capped supply of 200 million tokens and offers staking opportunities for holders to earn passive income alongside potential price gains.
Dogeverse’s utilization of multiple chains is set to make it one of the fastest and most useful tokens in the crypto ecosystem. Investors can participate in the presale by visiting the Dogeverse website, where 1 DOGEVERSE currently costs $0.000293. The presale allocates 15% of the total supply to investors, with portions designated for staking, marketing, project funds, liquidity, and ecosystem development. As the presale is gaining traction and raising funds quickly, interested individuals are encouraged to act promptly before it sells out. It is essential to note that cryptocurrency investments are high-risk and speculative, and this article is purely informative and not intended as investment advice.
