With the meme coin market seeing a recovery recently, FLOKI, one of the leading Shiba Inu competitors, has moved to the forefront as a formidable contender in the market. The meme coin saw rapid growth in 2024, reaching a new all-time high in the process. Now, it seems like the FLOKI price is getting ready to go on another major rally with multiple developments surrounding the project that could serve as the foundation for this bullish rally.
Why The FLOKI Price Could See An Aggressive Rally
Crypto analyst Unipcs, also widely known as ‘The Bonk Guy’ in crypto circles, has pointed out a number of bullish developments that could drive the FLOKI price higher. The analyst who has been a long supporter of the FLOKI project believes that the meme coin is far from done and could be one of the best performers this cycle.
Mainly, the crypto analyst pointed out three catalysts that could propel the FLOKI price higher from here. The first of these being the launch of a game by the team. The team had announced that the highly anticipated Valhalla meta verse game will be launched sometime in November 2024 and the crypto analyst believes that is one of the things that could trigger a rally.
Next on the list of bullish catalysts is the revenue from the FLOKI trading bot. The trading bot was recently launched on mainnet, but despite still being in its early days, it has managed to garner over $1 million in fees already. However, what is even more bullish is the fact that 50% of all fees generated by the bot will be dedicated to buying burning FLOKI tokens, thereby reducing its supply and increasing its value.
Third on the list of bullish catalysts is products that are yet to be released as there is still a long line of targets in the roadmap to hit. Given these factors, the crypto analyst believes that “this is gearing up for a more aggressive move than many expect IMO” for FLOKI.
In For The Long Haul
The crypto analyst’s conviction for the FLOKI meme coin run deeps as he has previously revealed that it is his biggest meme coin holding currently. Unipcs, who had risen to fame in the crypto community for holding a leveraged long BONK position from $16,000 to over $10 million, says he bought the meme coin because it has the most catalysts of any meme coin.
If the crypto analyst is right and the FLOKI price does see another aggressive rally, then a new all-time high could be in the works. Currently trading at $0.000014, the meme coin is less than a 150% move from its current price to break its current all-time high of $0.0003462, which was recorded in June 2024.
