A pseudonymous crypto analyst known as @CryptoKaleo on X has predicted that Floki will rise 40%. Meanwhile, BONK and Meme Moguls have set a new price record. Analysts have also predicted that the value of Meme Moguls will rise by 100x, making it among the top altcoins to watch. Lets see why these tokens are up.
Can Floki (FLOKI) Rally 40%?
On Wednesday, a pseudonymous cryptocurrency analyst, Kaleo, @CryptoKaleo, predicted a 40% surge for Floki, a meme coin. Kaleo compared Floki and a meme coin based on Solana called BONK. The analyst noticed a consistent pattern in Flokis recent price changes.
To emphasize the similarities, Kaleo provided a short-term technical analysis comparing the breakout models of BONK and Floki. According to them, the structural similarities are quite evident.
A 40% increase in Floki price would not be surprising, considering it would still be 20% below its all-time high. According to data from CoinMarketCap, the Floki price has jumped 25.6% on the 7-day chart from $0.00003233 to $0.00004431.
BONK (BONK) Overtakes FlokI Inus Market Cap
BONK (BONK), a dog-themed cryptocurrency token built on the Solana blockchain, has experienced tremendous growth. It currently holds a position among the top three dog-themed coins based on market cap.
As of December 8, data from CoinMarketCap showed that BONK has a market cap of $753 million. Floki, on the other hand, has a market cap of $385 million. The tokens trading volume has seen double-digit gains in the past week. The price of BONK has seen growth of 956.0% in the previous month, a 1,800% surge from late October to late November.
On the weekly chart, the price of Bonk has soared 203.8%, reaching a new all-time high of $0.00001251 on December 8. BONKs notable success is due to the resurgence of its parent network, Solana. The token has recovered in 2023 from its 2022 crisis.
Meme Moguls (MGLS) Does Not Depend On Hype, Unlike Floki and BONK
Meme Moguls (MGLS) has positioned itself as the best crypto investment by merging memecoins and play-to-earn gaming into a single platform. Unlike most memecoins, MGLS derives its value from real-world uses rather than relying solely on hype. It serves as both an in-game currency and a governance token within the Meme Moguls ecosystem.
Within the ecosystem, community members and friends can also arrange tournaments on the Meme Moguls platform and engage in simulated investment games. These tournaments can range from casual fun to featuring prize pools and entry fees, fostering collaboration among users while providing opportunities to win prizes and rewards.
This aspect positions Meme Moguls as the preferred choice for those seeking entertainment and potential rewards, often dubbed the best crypto investment. This strategic approach is anticipated to drive demand for Meme Moguls native token, MGLS, even higher. Meme Moguls seamlessly incorporates NFTs into its ecosystem.
As a result, users can purchase and sell rare NFT characters that enhance trading capabilities and improve trading conditions. Importantly, the rarer the NFT, the more favorable the conditions, including leverage and spreads. The value of the MGLS token currently stands at $0.0021. Market experts have projected a 100x price increase during the presale.
In summary, the top altcoins to watch out for more gains are Floki, BONK, and Meme Moguls. However, Meme Moguls is the only meme coin with utility on the list. This has fueled the increased interest in the project.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up
View source version on newsdirect.com: https://newsdirect.com/news/kaleo-forecasts-40-price-pump-for-floki-bonk-and-meme-moguls-hits-new-all-time-high-316017367
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No The Daily News Journal journalist was involved in the writing and production of this article.