Ad

FLOKI price prediction: can Floki keep up with Bitcoin Dogs as price goes past $0.0343?

By:  & 
on Mar 7, 2024
Listen
  • FLOKI surges on Uphold partnership & token burn approval.
  • Analysts predict FLOKI may break previous ATH.
  • Bitcoin Dogs' presale raises $8M, challenges FLOKI's dominance.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

As the cryptocurrency market goes wild with recent Bitcoin, Ethereum and meme coins price movements, FLOKI has also been trending for a variety of reasons including the recent Uphold partnership.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

At the same time, Bitcoin Dogs, a new BRC-20 dog-themed project, has been making waves with its presale, which has raised over $8 million in 22 days.

FLOKI: approved token burn and new partnership

Copy link to section

FLOKI, the popular meme token, has experienced a remarkable 357% surge over the past 30 days. At press time, the token was trading at $0.000125, down about 6% over the past 24 hours.

This surge is fueled by several factors, including its recent partnership with Uphold, a global digital trading platform with over 30 million users.

Uphold’s listing of FLOKI alongside major assets like Bitcoin has significantly boosted FLOKI’s accessibility and recognition, particularly in the US market.

Additionally, FLOKI’s ecosystem has achieved an all-time high Total Value Locked (TVL) of $526 million, showcasing its robust fundamentals and meme-driven charm.

Furthermore, the FLOKI DAO has approved a strategic token burn of 190.9 billion tokens, equivalent to 2% of FLOKI’s circulating supply and valued at $31.5 million, to enhance the token’s long-term security and stability.

FLOKI price prediction

Copy link to section

Analysts foresee a potential break of FLOKI’s previous all-time high of $0.000343.

If this prediction holds, FLOKI may establish support levels between $0.000252 and $0.000275, reaffirming its position as ‘The People’s Cryptocurrency.’

Despite the 50-day and 200-day moving averages indicating a bullish trend, FLOKI’s price prediction remains cautious on the 1-day timeframe.

While the moving averages suggest a bullish trend, the Relative Strength Index (RSI) indicates that the price is currently overbought, suggesting a possible pullback before the next bull cycle.

However, the lack of divergence in the Moving Average Convergence Divergence (MACD) histogram means that there is no clear signal from this indicator at the moment.

Traders and investors should consider these factors along with other market indicators before making any trading decisions.

Bitcoin Dogs: Dogaverse project on Bitcoin blockchain

Copy link to section

Parallel to FLOKI’s developments, Bitcoin Dogs has emerged as a promising project within the blockchain space.

Bitcoin Dogs aims to revolutionize the way people engage with cryptocurrencies through its innovative approach. It offers a unique mashup of crypto and a man’s best friend, creating a playground where dog lovers and crypto enthusiasts come together to trade, collect, and have a barking good time.

The project’s roadmap outlines several key milestones, including the debut of NFTs, game beta launches, play-to-earn partnerships, and the eventual launch of the Dogaverse metaverse.

Bitcoin Dogs (0DOG) presale

Copy link to section

At the heart of the Bitcoin Dogs project is the 0DOG token, which is currently in the presale stage.

With the presale closing in 8 days, investors can buy 0DOG tokens at $0.0343 per token in the current presale stage, with the next stage price set to increase to $0.0374.

So far, the presale has raised an impressive $8,166,029.02, indicating significant interest and investment in the project.

Conclusion

Copy link to section

Well, while FLOKI has long been known to compete with the likes of Dogecoin (DOGE) and Shiba Inu (SHIB), a newcomer in dog-themed coins, the Bitcoin Dogs, seems to be stealing the show with the first-ever BRC-20 ICO on the Bitcoin blockchain.

As both projects continue to evolve and attract attention, investors and enthusiasts alike are eager to see how they will shape the future of the crypto landscape.

This article is a collaboration between our Editors and our Partners, and it may contain sponsored advertising content and links. The content is not intended as financial advice and is for informational purposes only.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™.

0/10
Learn more
Collaborations Altcoins Crypto NFT