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The Floki Inu price has soared 9% in the past 24 hours to trade for $0.0002224 as of 07:05 a.m. EST on trading volume that surged over 80%.
FLOKI is not alone as several other top market cap-sized meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Bonk Inu (BONK) are also flashing green. FLOKI is an outlier, however, as it records double-digit gains, unlike its peers, data from CoinGecko shows.
Why Floki Inu Price Is Rallying
The surge in the Floki Inu price comes after FLOKI was listed on Revolut, which is advertised as the biggest Neobank and retail trading app in Europe. The listing will make FLOKI accessible to over 40 million users across more than 150 countries who use the Revolut app.
The FLOKI network sees this as an opportunity to advance its presence and reach as the most used cryptocurrency.
The Floki price is also soaring as FLOKI and meme coins trend amid ongoing GameStop and more specifically, meme stock hype. It comes after Roaring Kitty, the personality behind the GameStop stock saga in 2021, resurfaced on X to ignite a meme coin rally led by GME.
#FLOKI is trending on X alongside $GME, $AMC, and #RoaringKitty!
This trend is fueled by the ongoing hype surrounding meme stocks like GME and AMC.
Floki has always embraced meme culture, positioning itself as one of the leading #memecoins in the crypto industry. pic.twitter.com/4lWmPXrVwJ
— FLOKI (@RealFlokiInu) May 15, 2024
The surge can also be ascribed to a proposal by FLOKI DAO to burn over 15.24 billion FLOKI tokens. The proposal, which is part of a continuous effort by the team to enforce decentralization in the governance of FLOKI, has received a positive response from over 99% of the voters.
This marks the 14th proposal to date where Floki’s thriving DAO governs the trajectory of its movement.
NEW DAO PROPOSAL: BURN 15,246,000,000 $FLOKI TOKENS
A new Floki DAO proposal just went live on whether or not to burn 15,246,000,000 $FLOKI tokens.
Please read the proposal and vote here 👇👇👇https://t.co/UVzQdYQUpu pic.twitter.com/j1mi6XrVZ0
— FLOKI (@RealFlokiInu) May 13, 2024
Token burns are considered bullish for individual assets as the event reduces the asset’s circulating supply. With limited supply, growing demand catapults the asset’s price.
Floki Inu Price Prediction
The Floki Inu price is trading with a bullish bias, displaying a series of higher highs since earlier in the week. The meme coin is confronting resistance due to the 50% Fibonacci placeholder at $0.0002176. While a decisive candlestick close above this level would be ideal, traders should not succumb to FOMO, the fear of missing out.
Instead, the more logical or safer entry would be to wait for a stable escape above the Fibonacci Golden Zone. This will happen once the Floki Inu price breaks and closes above the most important Fibonacci retracement level, 61.8%, at $0.0002445.
A decisive candlestick close above the aforementioned level could see the Floki Inu price extend the climb to the $0.0003000 psychological level. In a highly bullish case, FLOKI could extend a neck higher to reclaim the range high of $0.0003314, levels last tested on March 28.
GeckoTerminal: FLOKI/USD 1-day chart
On the other hand, if sellers pull the trigger, the Floki Inu price could retract. A lower low below the bottom of the April 13 bottom of $0.0001178 would indicate a change in the trend of the market. This would invalidate the bullish thesis.
Meanwhile, the SEAL presale is turning heads as the new Degen Solana meme coin steals the spotlight. Crypto YouTuber Oscar Ramos has reviewed the project, with insights that suggest it’s a good buy for investors looking to diversify their portfolios.
Promising Alternative To Floki Inu
SEAL is the powering token for the Sealana project, a patriotic and obese American redneck seal trading his way out of his mom’s basement.
With Solana meme coins passing as the choice investment in a speculative market, Sealana is thriving. It continues to attract more investors, as demonstrated by its presale having just hurtled past $1 million.
Sealana represents a novel addition to the meme coin space, which is a culture-driven niche. It is centered on a quirky and relatable digital mascot.
The digital character is inspired by quintessential basement-dweller archetypes, portrayed as having forgone physical fitness to pursue his trading endeavors and generate gains from the increasingly volatile crypto market.
#Sealana, making #Memecoins great again! 🇺🇸
Manifesto
1⃣ No Frogs 🐸
2⃣ Less Hats 🧢
3⃣ Many Whales 🐳
4⃣ Zero Rugs 📉
5⃣ More $SEAL 🦭 pic.twitter.com/FEImgpWxWz— Sealana (@Sealana_Token) May 7, 2024
The project’s integration with the Solana blockchain is a key advantage, leveraging Solana’s robust performance, low fees and rapidly expanding ecosystem.
As an SPL (Solana Program Library) token, SEAL benefits from Solana’s scalability and thriving developer community. It goes a step further to improve its prospects compared to meme coins on more congested Layer 1 networks like Ethereum.
Among the ways the success potential is improved is Sealana’s innovative token distribution model. The mechanism enables users to simply send SOL to a wallet to participate in the presale.
Crypto analyst and YouTuber Clay Bro says Sealana has the potential for a 10X rally on launch.
With ”send SOL” presales that have no timer or stages, it’s always best to buy early in case the project sells out.
Also Read:
- How to Buy Sealana – SEAL Presale Review
- Sealana Price Prediction – SEAL Price Potential in 2024
- 5 Must-Watch Meme Coins for 10X Potential – Best Cryptocurrencies to Buy Now
- Best Meme Coins to Invest in: Top Picks for Exponential Gains!
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