Saturday, 25 May 2024

Crypto News

Can this new meme coin outperform FLOKI and WIF?

Can this new meme coin outperform FLOKI and WIF?

  • Floki could recover from the recent downturn in April, according to some analysts
  • Dogwifhat (WIF) holders are also confident of a recovery.
  • But Rebel Satoshi has outperformed competitors, increasing interest in its meme coin ecosystem.

Floki has gotten a new listing as demand for its token keeps rising. Dogwifhat (WIF) could suffer from Solana’s network congestion issues.

Meanwhile, a new meme coin is now pulling investors from other meme coins as its token surged by 85% during its presale. Analysts say that this new coin might outperform some of the greatest players on the market. Are these predictions accurate? Let’s discuss.

Thailand’s Bitazza exchange lists Floki

Floki’s rising demand has continued, leading to a new listing in Thailand. On April 12, Floki announced that Thailand’s Bitazza exchange had listed its token.

The new listing was also licensed by the SEC and the Ministry of Finance of Thailand. The news excited Floki’s community, indicating its growing adoption in the Asia Pacific region.

This excitement could boost Floki’s performance in April. FLOKI traded at $0.000273 by the second week of March. It rose by 11.28% to $0.0002422 at the end of the month. Over a week later, FLOKI fell by 20.76%, reaching $0.0001919 in mid-April.

The growing adoption of TokenFi could also boost Floki’s performance. Since its release, several networks and projects have launched their tokens on Floki’s TokenFi launchpad. Analysts say this trend will continue until the end of the year.

This could push FLOKI’s value up by 34.96% to $0.0002590. Floki’s continued rise could make it one of the top altcoins, according to a number of analysts.

Dogwifhat’s momentum slows

Dogwifhat (WIF) and other Solana meme coins have lost bullish momentum following the recent issues affecting their parent network. Investors had increased their meme coin holdings to capitalize on the meme coin boom. Dogwifhat (WIF) soared following Bitcoin’s ascent in March.

However, the drop in Dogwifhat’s (WIF) momentum caused a decrease of $1.5 billion in its market capitalization.

Dogwifhat’s WIF token traded at $2.1054 in the second week of March. Over two weeks later, WIF jumped by 54.68% to $3.2567. It soared by 28.96% to $4.2000 after the first week of April before falling by 17.6% to $3.4593 a few days later.

Solana has faced network congestion…

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