Expert Forecasts Floki Could Increase by 15 Times from Its Current Value New Meme Coin Shiba Shootout Expected to Surge by 100 Times
Investors are widely expecting Floki to be one of the top-performing meme coins in this bull market. Despite Bitcoin and Ethereum experiencing a 2% dip, Floki’s price has increased by 5% on Tuesday. However, an expert’s prediction for Floki’s price has surprised even the most optimistic investors. Dona, a popular crypto analyst with nearly 25k followers, projects that Floki will reach $0.003 during this cycle, which is more than 15 times its current price of $0.00018. While this projection should be taken with caution, it presents a possibility for Floki’s future. Dona shared this prediction on July 1, 2024.
Another meme coin, Shiba Shootout, has also caught the attention of experts, who are signaling potential returns of 100 times after its launch. The question arises whether Floki will reach new all-time highs. While Dona’s projection may seem overly optimistic, most smart money traders won’t bet against it. Currently, Floki’s market capitalization is just under $1.75 billion, and a 15x surge would put it above $26 billion. Although ambitious, this target is attainable, especially considering the dominance of meme coins in the current bull cycle. Floki is particularly notable for its strong fundamentals and its status as a high-utility meme coin. Furthermore, it demonstrates a strong correlation with Ethereum and Pepe. The introduction of spot Ethereum ETFs in July is expected to lead to a significant rally in ETH, which could also result in substantial returns for Ethereum-based meme coins like Pepe and Floki.
Technical analysis further supports the bullish theory for Floki. According to top ByBit trader Bluntz, the meme coin has been forming a solid base and has the potential to be one of the best performers in July. Bluntz has a track record of accurate calls on meme coins, accurately predicting the local top and bottom for Dogwifhat (WIF) using the Elliot Wave Theory. Another trader, Crypto Tony, is optimistic about Floki’s short-term potential and plans to open long positions once it breaks above the $0.00019 resistance level.
Floki and Pepe are not the only Ethereum-based meme coins with bullish sentiments from experts. Shiba Shootout, a new project, is gaining significant traction and has raised nearly $500k in its ongoing presale. The project revolves around the Wild West theme, with Marshall Shiba as the protagonist. Investors are impressed by its wide-ranging rewards, such as the opportunity to stake holdings and earn passive income at a reward rate of nearly 2300%. The project has also launched Saving Saddlebags, a concept that allows investors to earn bonus rewards. Additionally, participants can earn lucrative rewards through the Posse Rewards program and Campfire Stories sessions by sharing meme coin stories. Holders of Shiba Shootout can also participate in Lasso Lotteries, token governance roundups, and enjoy the upcoming beta release of the Shiba Shootout game. Due to its unique value proposition, experts like Michael Wrubel, with over 300k subscribers, believe that Shiba Shootout could potentially deliver returns of up to 100 times after its launch. Yellow Trades, another popular YouTuber, has also made a 100x price prediction for the new meme coin.
For more information and to participate in the Shiba Shootout presale, visit their website.
