According to a crypto analyst who is well-known, a Dogecoin rival (DOGE), could be copying BNB’s parabolic print earlier in the year.
Inmortal, a pseudonymous trader on social media platform X tells 214,000 of his followers that FLOKI memecoin could repeat BNB’s moves in early 2024.
A move of over 160% for FLOKI could be on the table, according to the trader.
“Similar structures.
FLOKI vs. BNB.
The trader seems to be predicting that FLOKI’s price will rise to $0.0003. FLOKI was worth $0.000114 at the time of this writing.
Inmortal believes that the recent FLOKI sponsorship agreement with English soccer club Nottingham Forest Football Club will be another catalyst to boost memecoin.
Once crypto recovers, the trader believes that FLOKI will lead the memecoin revival.
Inmortal, zooming out says Bitcoin (BTC), is in a phase of consolidation which will most likely be reversed very quickly. According to the trader, 164 days of price volatility will be wiped out in “a matter of days.”
“Big consolidations precede big expansions.”
Bitcoin, at the time this article is written, has traded sideways for almost seven days, with a price of $58,978.
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Sources of Images include Pixabay Creative Commons & Midjourney
As new information becomes available, this post Dogecoin rival mirroring BNB’s early 2024 Parabolic Rally may be updated.
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