The price of meme-inspired cryptocurrencies Dogecoin ($DOGE) and Floki Inu ($FLOKI) could soon explode as market experts have suggested that these tokens could soon see a “mega pump” that helps their prices rise.
A crypto analyst known by the pseudonym Crypto Tony has predicted on the microblogging platform X (formerly known as Twitter) that the price of FLOKI could surge from its current $0.000033 level to around $0.000035, although it’s worth noting that the prediction was made with the cryptocurrency trading at around $0.0003.
Per Crypto Tony, DOGE could also see its price surge to around $0.085 from its current level of around $0.077, The analyst noted he believes the “party is about to begin” for meme-inspired cryptocurrencies, which are tokens that are known to benefit from cryptocurrency bull markets.
As CryptoGlobe reported back in 2021, search interest for Dogecoin exploded during the cryptocurrency’s massive 10,000% price rally, going from an average of 135,000 monthly searches in April 2020 to 16.5 million in April 2021.
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Dogecoin was created back in 2013 as a joke. The cryptocurrency’s community is well-known for taking on philanthropic projects, which included helping charitable organizations. It made headlines in 2014 after raising more than $25,000 worth of DOGE to let the Jamaican bobsleigh team attend the Winter Olympics in Sochi.
Rekt Capital, another crypto analyst, noted on X that DOGE has “confirmed a breakout from its channel,” and pointed to a potential rise for the meme-inspired cryptocurrency. Earlier, opular analyst Ali Martinez suggested DOGE is breaking out from a multi-year descending triangle on its weekly chart.
It’s worth noting that FLOKI has recently announced the launch of TokenFi, a platform focused on crypto and asset tokenization. The platform aims to become a global leader in the tokenization industry, which is expected to be worth $16 trillion by 2030. BlackRock, the world’s largest institutional investor, also sees significant growth potential in this sector, terming it as “the next evolution in markets.”
Featured image via Unsplash.
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- Source: https://www.cryptoglobe.com/latest/2023/11/dogecoin-doge-and-floki-inu-floki-ready-for-massive-price-surge-crypto-analysts-suggest/
