Floki Price Prediction as FLOKI Blasts Up 15% in 24 Hours – Can FLOKI Reach $1?
The price of Floki has risen to $0.00004534 today, marking a 24-hour period in which it rose by as much as 15%.
Its current price means that it has fallen by 8% in the past week but is up by 42% in the last 30 days, as Elon Musk's recent Doge-related meme-ing has helped to also boost interest in FLOKI.
And with Floki’s development team also recently unveiling itas roadmap for 2023, the market is increasingly expecting the new meme token to become one of the biggest new coins in the market.
FLOKI's indicators reveal some very strong momentum right now, with its relative strength index (purple) rising back towards 60 and 70 today after dipping in the past week.
If that weren't enough, FLOKI's 30-day moving average has rocketed way beyond its 200-day average and is still rising.
More sober traders might assume that it's due to come back down to earth, but it doesn't seem to be flattening out just yet.
There are a variety of reasons why FLOKI has become one of the hottest coins in the market's top 100, with Elon Musk being one of them.
After the Twitter and Tesla CEO tweeted a picture of his dog, Floki, the coin rose by as much as 200% in about a day.
Since then, FLOKI has been riding a wave of momentum and increasing public interest, with even minor news helping to push the token further.
For example, today's rally appears to have been caused by the news that WazirX, India's biggest exchange by volume, is now listing FLOKI.
There has also been the news today that DigiFinex has launched perpetuals trading in FLOKI, again helping to boost bullishness for the coin.
This alll helps to create the market-wide sense that FLOKI is a coin on the up, with a growing number of traders and investors hoping to open positions before it gets too
Read more on cryptonews.com
