Floki Price Prediction: FLOKI Surges 16% In A Week As Investors Flock To This Vote-To-Earn Meme Coin With A 2,194% Staking APY

The Floki price climbed 4% in the last 24 hours to trade at $0.0001517 as of 3.30 a.m. EST on trading volume that increased 8% to $243.9 million.

The popular dog meme coin has soared 16% in the last seven days, but it’s price was quickly rejected for the third time this week after hitting resistance at $0.000155.

The token did recently see several important developments that may have encouraged traders to engage more with its token, such as announcing Hafthor Bjornsson as the official ambassador for its revolutionary MMORPG, Valhalla.

The Icelandic actor and strongman is known around the globe for playing “The Mountain” in Game of Thrones, and also for winning numerous strongman competitions.

Valhalla, Floki's revolutionary MMORPG, welcomes Hafthor Björnsson as official ambassador!

Hafthor Júlíus Björnsson, the Icelandic strongman and actor famed for his role as "The Mountain" in Game of Thrones, is joining Valhalla as official ambassador.

This long-term partnership… pic.twitter.com/mSJ6IJazJ9

— FLOKI (@RealFlokiInu) October 16, 2024

Now he’s entered into a long-term partnership with Floki and its game, which brought additional exposure to the project.

Before this, Floki also just wrapped up Valhalla’s recent event called Unleash The Thunder, which allowed users to prove themselves by climbing up the leaderboard and securing a share of the $30,000 prize pool in FLOKI tokens, which increased player activity.

Only 7 hours left in #Valhalla’s "Unleash the Thunder" event, ending today at 6 PM UTC! ⚡️

Now’s your last chance to climb the leaderboard and secure your share of the $30,000 prize pool in $FLOKI tokens. Push your limits and make your mark before time runs out! ⚔️

Once the… pic.twitter.com/gpKAnqff31

— FLOKI (@RealFlokiInu) October 16, 2024

Floki Price Prediction

While the FLOKI price saw a major surge several times in the last week, including the 4% daily increase in the last 24 hours, right now, its value is dropping after being rejected by a resistance at $0.000155 for the third time this week. The token’s technical indicators also suggest that FLOKI is still suffering a bearish wave.

The Viking meme coin’s Bollinger bands have narrowed down significantly in the past few hours, with the price dropping from pushing the upper band down to the middle point, and then continuing to the bottom band. Now, with its price continuing to descend, FLOKI is pushing the lower band further down, which is a strong bearish signal.

Its Relative Strength Index (RSI) value has also been spiraling down, suggesting that the traders are selling far more than they are buying. After venturing deep into the overbought zone and nearly reaching the value of 90 some 10 hours ago, the RSI value dropped to the neutral area.

However, if the holders continue to sell, it could keep going down to the oversold zone. While this is a bearish signal as well, it also opens up an opportunity for the traders to buy the dip. The price drop has started slowing down as the token approached the support at $0.000150, suggesting that the situation might turn around even sooner.

In other words, the traders might not wait for the RSI to head to the oversold zone, but might rather start buying very soon. For now, there are no certainties, but it is worth keeping a close eye on FLOKI and its performance in real time, which could open up an opportunity to buy low and see your investment increase as the price bounces back.

Promising Alternative To Floki

Investors who are uneasy about Floki’s recent volatility might consider an emerging opportunity like the new meme coin presale offering for the world’s first Vote-To-Earn token, Flockerz (FLOCK).

Flockerz is a project created with the goal of strengthening decentralization, and its way of doing it is to provide incentives to its token holders to participate in the project’s governance.

Too often these days crypto investors lose interest in participating in the voting process and using their power to affect projects and decide which path ahead they should follow.

This tends to leave the project in the hands of a small minority, increasing its centralization. Flockerz decided to test a new approach where it rewards users with tokens when they vote, thus giving them an extra reason to join every discussion and keep an eye on decisions.

On top of that, it also offers a humungous 2,194% in annual staking rewards for those who buy and lock up their FLOCK tokens.

Crypto YouTuber Jacob Bury, with 43k subscribers, says FLOCK might be the next crypto to 10x.

Its ICO recently hit a new milestone of $800k in funds raised, and it is now surging toward its first million. You can join the project while it is still in its early stages and buy FLOCK tokens for $0.005793 apiece using ETH, USDT, BNB, or credit/debit cards.

Buy before a price hike in less than 24 hours to secure the best deal.

Visit the official FLOCK website here.

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