Floki Rallies 24%, Hits New All-Time High: Will It Continue To Rise?

Paigambar Mohan Raj
Source – Asia Crypto

FLOKI is currently one of the best-performing crypto assets of the last 24 hours. The dog-themed memecoin hit a new all-time high of $0.0003449 earlier today, rallying 24.4% in the daily charts, 13.5% in the weekly charts, 40.8% in the 14-day charts, and more than 68% over the previous month.

Source: CoinGecko

Also Read: Floki Surges 60% As It Breaks Into The Top 60 Coins in the World.

FLOKI’s incredible rally could be due to the project’s massive burn initiative last month. The team announced that 15 billion tokens would be burnt on-chain. Furthermore, the asset has received several exchange listings, further pushing its expansion.

Will FLOKI continue to rally?

Floki Inu
Source – Analytics Insight

Also Read: GameStop Rally Fuels Meme Coin Surge for Pepe, Floki, & More

CoinCodex anticipates FLOKI to continue surging over the next few weeks. The platform predicts the dog-themed memecoin to hit $0.0000972 by the end of this month and climb to $0.001213 on July 3, 2024. Reaching $0.001213 from current levels would translate to a growth of about 269%.

Source: CoinCodex

Also Read: Top 3 Meme Coins Other Than Shiba Inu To Buy For 10X Gains In 2024

Changelly, on the other hand, is bearish on FLOKI. The platform predicts the asset to hit a maximum price of $0.000213 in June, a fall of about 35.25 from current levels. Moreover, Changelly does not anticipate the asset to reclaim its recent peak this year.

Telegaon also does not paint a bullish picture for FLOKI. The platform predicts the memecoin to hit a maximum price of $0.000248 in 2024. However, Telegaon anticipates the asset to hit a new peak of $0.000362 in 2025.

There is a possibility that FLOKI will face a correction soon, given that the asset does not have a lot of adoption, development, or real-world utility.