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Floki Inu meme coin

Crypto Analyst Says FLOKI Master Plan Is Invalidated, What’s Next For The Shiba Inu Competitor?

Scott Matherson
by Scott Matherson
11 months ago
·
Posted in Altcoins, Floki Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto analyst Master Kenobi has provided an update on his FLOKI master plan. The analyst revealed that his initial analysis had been invalidated and mentioned what was next for the Shiba Inu competitor with this development. 

FLOKI Master Plan Invalidated But Might Be A Good Thing

Master Kenobi revealed in an X post that the FLOKI Master Plan looks to have been invalidated. However, he believes that this is actually good news rather than bad for the Shiba Inu competitor. He went on to explain why this is a good thing for the meme coin, providing reasons why FLOKI is bound to thrive in this market cycle. 

Related Reading: Dogecoin Community Celebrates DOGE Day – What Is It All About?

First, the analyst noted that the crypto world has evolved beyond DeFi, NFT, Gaming, and Metaverse narratives and is now focused on memes. In line with this, he opined that meme coins will be the primary narrative in this bull run. He added that crypto projects seem more credible when they are simpler and embody humor, which is why he is betting on memes, including FLOKI, to thrive in this market cycle.  

Master Kenobi then mentioned that FLOKI has caught his attention with a few key aspects. He alluded to the fact that the meme coin is the foremost meme in the BNB ecosystem while remarking that BNB is the only blockchain infrastructure that is “genuinely evolving.”

Aspects Of The Meme Coin That Are Eye-Catching

The first aspect that the analyst identified is FLOKI’s repetitive chart pattern. The second one Master Kenobi mentioned is that the Shiba Inu competitor looks to be one of the strongest meme coins on the Binance chain, if not the strongest one. He cited the meme craze on Solana and how it helped elevate its ecosystem. 

The analyst believes something similar is going to play out on the BNB chain. He remarked that BNB cannot afford to lose its position to SOL in terms of market cap. He added that BNB is well-placed to maintain its position over SOl since Binance remains the leading centralized exchange (CEX). 

However, Master Kenobi noted that BNB will also need a flagship meme, which is where FLOKI comes in. He believes Binance has seen the need for a flagship meme coin, which is why it supports a few meme projects, including FLOKI. 

Related Reading: Shiba Inu Price Movements: Here’s How Many Holders Are Now In Profit/Loss After That Sharp Drop

With a dedicated team, a game ready for launch, and a $1.25 billion market cap coupled with Binance’s support, the analyst remarked that the Shiba Inu competitor has all the “ingredients” to become a start in the next bull market. 

FLOK Shiba Inu
Source: X

As part of his earlier FLOKI Master Plan, Master Kenobi had predicted that the meme coin would likely enjoy a price explosion on October 21. He said one reason why that didn’t happen could be because of the imminent bull market, where “maximum volatility and unpredictability are preferred.” The analyst further predicted that the FLOKI price explosion might happen around mid-December, along with the Dogecoin and altcoins explosion. 

FLOKI price chart from Tradingview.com (Shiba Inu)
Price struggles with bears as master plan fails | Source: FLOKIUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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