- A popular Dogecoin millionaire has described Floki as the most undervalued coin among the meme coins on the top three blockchains.
- His statement comes after pointing out that Floki is the biggest meme coin on the BNB Chain and, henceforth, should not be taken lightly.
The 6th largest meme coin, Floki (FLOKI), has caught the attention of Dogecoin millionaire Glauber Contessoto, who has described the asset as the most undervalued among the meme coins on the top three blockchains. According to him, this asset should not be taken lightly, especially with its current status as the biggest memecoin of the BNB Chain.
FLOKI, being the biggest meme coin on BNB, should not be taken lightly. The biggest meme coin on every major blockchain does numbers when the market goes up, especially in the 4th year of each crypto cycle. This means the biggest meme coin on ETH, which is SHIB, will do.
Contessoto’s interest in this asset is evident in his previous post, outlining “conviction plays” like Pepe, Brett, Floki, and Trump as the most potential tokens in this cycle. However, the asset has declined by 30% since that call, extending its 90-day fall to 63% to trade at $0.00006473.
Bulls also seem to be making their way back into the market as rising buying pressure “forces” the asset to surge by 1.6% in the last 24 hours and 5.5% in the last seven days.
Other Analysts Make “Bullish Case” for Floki
Earlier in January, renowned analyst Master Kenobi pointed out that the asset has to reach two crucial targets before hitting a new all-time high. According to him, Floki would first have to breach the $0.00021 level and then target the $0.00028 price point before standing a better chance to trade above $0.00035.
In an accompanying chart, Master Kenobi highlighted that Floki could rise as high as $0.0011. Meanwhile, World of Charts had also disclosed that the asset was bouncing from a horizontal support area and moving towards a bullish flag trendline.
Before this, Kenobi had pointed out a repetitive structure being formed by the asset for the third consecutive cycle. As detailed in our last news piece, Kenobi predicted that Floki could reach $0.0008 within a space of 35 days.
Kenobi’s position aligns with the recent analysis of market expert Ali Martinez. As highlighted in our previous article, Martinez disclosed that the asset could stage a rebound once it maintains its position above the $0.000042 support level.
Soon after this bullish analysis, a popular crypto trader known as Bluntz also noted that the asset was trading within an ascending triangle pattern. According to him, this trend mostly precedes a bullish reversal. Specifically, he disclosed that Floki could hit $0.000125 in the short term. As previously mentioned in our report, Bluntz highlighted that the meme coin was looking “turbo bullish.”
Very nice ascending triangle structure here on FLOKI after printing the bullish divergence at the lows. Probably needs another day or two to form a bit more but anticipating this to eventually break out.
