Meme coins have been increasing in price, with PEPE and FLOKI rising by 25% and 20% in the last 24 hours, respectively.
The Mt. Gox and German government BTC sell-offs, which made the price of BTC plummet in the past few weeks, have stopped. Bitcoin’s price has been recovering, triggering many altcoins to follow in the same direction.
What you'll learn 👉
PEPE Breaks Out, Eyes New All-Time High
PEPE has broken out of a falling wedge pattern, signaling potential for further growth. According to crypto analyst Dylan (@DylanTillEth), after a possible retest of the upper trendline, PEPE could be poised for a significant run towards a new all-time high (ATH).
Read Also: JasmyCoin Analyst Points to Key Levels and Targets Following Breakout: JASMY Price Prediction
A retest could make the price decline for a while before it gets restored. A breakout from a descending triangle could trigger a spike to the top of the channel and could finally form an all-time high price for the token, which is more than a 40% price increase from the current level.
FLOKI: A Meme Coin with a Difference
Crypto expert Bluntz (@Bluntz_Capital) believes FLOKI has good potential. According to the expert, clear technical signs suggest FLOKI’s price will go up.
Bluntz’s chart shows FLOKI’s price bouncing between two upward trend lines. The expert thinks FLOKI’s price could spike from around $0.000174 to about $0.00035—a 100% price increase.
Utility Sets FLOKI Apart
FLOKI has some special features that make it different from the others.
Crypto expert Mr. D (@Dhrubtim) says that FLOKI has grown beyond being just a meme. It is now a full-fledged Web3 project.
Unlike many other meme coins, FLOKI has real-world uses. The Floki ecosystem includes things like Valhalla, which is a gaming world, and FlokiFi, which provides decentralized finance services.
The “Floki Vikings” community has also helped with important causes, like giving aid after earthquakes and building schools in different countries. FLOKI was inspired by Elon Musk’s dog, which has helped it connect with its community in a special way.
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