Analysts See This One Token Overtaking Dogecoin (DOGE), Shiba Inu (SHIB) as Memecoin Leader This Bull Run
Leading crypto analysts and influencers are voicing bullish sentiment that the meme cryptocurrency Floki Inu ($FLOKI) will outperform established memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) in the next bull market cycle.
One influential voice is the Elon Musk parody account @ElonMuskPDA, which highlighted several key fundamentals that it claims will propel Floki to the front of the memecoin pack:
“Floki will indisputably lead the memecoins in this bull run, because of its solid fundamentals: Strong utility products, 24% of circulating supply staked, top marketing reaching billions, and a deflationary model with $55 million+ in FLOKI tokens burned in March.”
For the uninitiated, utility tokens provide use cases beyond simple speculation, while staking involves locking up tokens to help secure the network in exchange for rewards. High staking percentages demonstrate engaged communities. Token burns reduce circulating supply, a deflationary pressure that can boost price.
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Show more +Echoing this endorsement was popular analyst @Crypto_Scofield, who cited Floki’s strong fundamentals and the opportunity for gains given its lower market capitalization versus DOGE and SHIB. Importantly, Floki is listed on major liquid exchanges like Binance.
“Memecoins are strong considered the wider market right now. If you want to capitalize on the next leg up, your best bet is $FLOKI: Rock-solid fundamentals, lower market cap compared to $DOGE and $SHIB, listing on #Binance and various other strong, liquid exchanges.”
While the memecoin mania was arguably kicked off by Dogecoin’s meteoric rise in 2021, upstart projects like Floki Inu are aiming to build more robust crypto ecosystems and communities. Only time will tell if the analysts’ predictions play out in Floki’s favor.
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