The price of Floki Inu has fallen by 4% in the past 24 hours, reaching $0.0001929. While there has been a slight 0.5% dip in the wider crypto market, Floki is still up by 2.5% in a week despite a 30% decline in the last week. However, over the past 12 months, it has shown an impressive 460% increase. With Floki remaining popular among retail investors and whales, there is potential for a recovery in the coming weeks, especially with the market waiting for a possible surge that could coincide with the next Bitcoin halving on April 20.
Floki’s chart shows a bounce in the past hour after dropping earlier, suggesting that it may have bottomed out in its recent decline. The support line indicates a potential rebound, and the 30-day average has reached what appears to be a bottom in relation to the 200-day average, signaling an oversold position ready for a recovery. Despite low trading volume at $150 million, indications are that whales have yet to return to the meme token, even though it was pumped vigorously in early March. This could present an opportunity to buy at a discount, especially with the market potentially rallying in the next week ahead of the Bitcoin halving.
The Floki price prediction suggests that the price is still in a wave-iv correction, with an ideal target for a wave-C correction at $0.000137. A break above $0.000266 would indicate that the wave-iv correction has bottomed out. The coin may see a recovery in the coming weeks, with potential to ride any resulting bull market. Floki continues to attract new exchange listings and has an ambitious roadmap that aims to improve its utility and fundamentals. The roadmap outlines clear goals for Floki to become the most known and used cryptocurrency in the world.
While Floki remains popular, newer meme tokens are emerging in the market with promising opportunities for bigger returns. Dogeverse (DOGEVERSE) is a multi-chain meme token that has raised over $2.8 million in its presale. It is set to launch on Ethereum before bridging to other platforms like Polygon, BNB Chain, Solana, Avalanche, and Base, making it versatile and raising its demand across different ecosystems. With capped token supply and the ability for holders to stake DOGEVERSE, they can earn passive income in addition to potential price gains. The use of multiple chains will make Dogeverse one of the fastest and most useful tokens in the crypto ecosystem.
Investors can join Dogeverse’s presale, where 1 DOGEVERSE currently costs $0.000293. The presale has allocated 15% of the coin’s supply, with portions going to staking, marketing, project funds, liquidity, and ecosystem. Given the quick pace at which the sale is raising funds, it may sell out soon, prompting interested parties to act swiftly. While investing in crypto involves high risk, those looking to diversify their portfolios with promising meme tokens like Floki Inu and Dogeverse should conduct thorough research and consider the potential for both short-term and long-term gains in the volatile crypto market.
