FLOKI Price Prediction: The Floki price experienced a significant spike over the weekend, driven by the meme token’s appearance on Chinese television during the World Table Tennis Championships. The exposure through a ‘powered by Floki.com’ billboard potentially reached a vast audience of over 100 million people in China. This development, combined with the upcoming legalization of crypto in Hong Kong, has generated increased interest in Floki. The trading volume of FLOKI has surged by almost 400% in the past 24 hours, according to CoinMarketCap.
After its listing on Binance on May 5th, FLOKI initially entered the top 100 cryptocurrencies by market cap. However, it has since experienced a retracement and currently ranks at #101. The market cap of FLOKI now exceeds $330 million, making it the fourth-largest meme coin, trailing behind DOGE, SHIB, and PEPE.
Some traders, such as @Phoenix_Ash3s, are optimistic about the potential continuation of the China-induced pump for FLOKI. They draw a comparison to the “Xi Jinping pump,” a reference to a historic rally in the Bitcoin price back in 2019.
In terms of PEPE, it was also listed on Binance on May 5th, but it experienced a deeper dump following the listing compared to FLOKI. PEPE has undergone an 80% correction since reaching its all-time high. Crypto Tony suggests that both FLOKI and PEPE could see a push upward if the bulls enter the market. Currently, both tokens are in a descending triangle pattern.
For PEPE to overtake Shiba Inu, it would need to increase nearly 10-fold, and to surpass Dogecoin, it would require a 20-fold increase. On the other hand, if the FLOKI price rallies by 60% from its current level, it would surpass PEPE in terms of market cap and claim the #3 ranking among meme coins.
Another meme coin to watch out for is Wall Street Memes (WSM). Scheduled to be listed on exchanges in Q3 2023, WSM has been generating attention on social media and various crypto news outlets. The $WSM token’s presale has already raised over $800,000 since its launch on May 26th, and it has amassed a strong community of one million followers across Twitter and Instagram.
It’s important to note that meme coins can be highly volatile and speculative investments. The cryptocurrency market is subject to rapid changes, and investors should exercise caution, conduct thorough research, and consider their risk tolerance before making any investment decisions.
For more information on the potential of Wall Street Memes and other cryptocurrency assets, you can visit the website wallstmemes.com, where you can also find reviews of 21 new crypto assets with high upside potential, including low market cap tokens and pre-ICO projects.