Floki (FLOKI) Rallies 407%, Enters Top 100 Cryptocurrencies

Floki (FLOKI) is the second-best-performing cryptocurrency in the weekly charts, behind Pepe (PEPE). The popular dog-themed memecoin has rallied by 214.1% in the weekly charts, nearly 300% in the 14-day charts, and 407% over the previous month. Moreover, since March 2023, FLOKI’s price has surged by 232.5%.

Also Read: Pepe Coin vs Floki: Which Memecoin Will Reach $0.01 First?

The memecoin’s latest price spike has elevated the project’s rankings and brought it within the top 100 projects. The asset is currently ranked 81st, with a market cap of $1.39 billion.

Despite the latest gains, the asset has faced a 5.5% correction in the daily charts and a 3.5% correction in the hourly charts. The sudden change in trajectory could be a cause for worry for some investors.

Will FLOKI reclaim its all-time high?

Bitcoin (BTC) is down by only 3.4% from its all-time high of $69,044. With BTC approaching its previous peak, many investors hope other altcoins will follow BTC’s path. FLOKI, on the other hand, is down by 57.8% from its all-time high of $0.0003365, which it attained in November 2021. Both FLOKI and BTC reached their respective peaks around the same time. Hence, there is a possibility that the memecoin will display a similar pattern this time around as well.

Also Read: Floki (FLOKI) Rallies 456%, Can It Hit $0.0003 Next?

According to Changelly, the popular memecoin won’t reach its all-time high in 2024. The platform anticipates the asset to reach a maximum price of $0.000171 in 2024, which would translate to a growth of about 21.5%. Changelly anticipates the token to reclaim its all-time high in October 2026, about two-and-a-half years from now.

Nonetheless, the current market seems to be dominated by memecoin. Other dog-themed cryptocurrencies, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK), are also witnessing massive gains.