Crypto analyst Timeless Crypto has made a bullish case for FLOKI, stating why he prefers the meme coin above other blue chip meme coins like Dogecoin (DOGE). The analyst also predicted that FLOKI could end up making a hug run by year-end.
Why This Analyst Is Bullish On Floki
Timeless Crypto mentioned in an X (formerlyTwitter) post that FLOKI has continued to hold a multi month rang without breaking down despite the bloodbath that occured in the crypto market last week. The crypto analyst made this statement while also revealing that among the blue-chip memes, the meme coin accounts for most of his spot investments and that he will continue to hold it for the anticipated year-end rally.
The analyst also seemed to be advising market participants to consider investing in FLOKI, as he noted that this is a region where altcoins are entering “very attractive valuations.” Meanwhile, the analyst added that he isn’t looking at the altcoin as a short-term play. As such, he has deployed more capital to invest in the meme coin seeing as now presents a buying opportunity for FLOKI.
Timeless Crypto is looking to make profits from his investment by the fourth quarter of the year, as he predicts that the meme coin will likely have made more price gains by then. It is worth mentioning that the coin is already one of the top-performing meme coins this year, with a year-to-date (YTD) gain of over 300%.
Timeless Crypto isn’t the only one which is ultra-bullish on the meme coin. Crypto analyst Crypto Bull also recently gave his analysis on the meme coin and called patience, suggesting that FLOKI might soon make a massive move to the upside. The chart he shared showed that FLOKI was currently consolidating and could rise to a new all-time high (ATH) on its next leg up.
Reaching A Market Cap Of $10 Billion
Crypto analyst Crypto Kaleo had previously predicted that FLOKI will reach a market cap of $10 billion. He claimed that this could happen on the meme coin’s next leg up, as he stated that the meme coin could enjoy a parabolic rally similar to the one that Pepe (PEPE) made on its way to a new ATH earlier in May.
Crypto Kaleo also mentioned that FLOKI could attain such heights, considering that this is a meme coin super cycle. He also factored in the fact that BNB was on the verge of a price discovery. He suggested that the meme coin could benefit from BNB hitting new highs, and he remarked that the former was a “high BNB beta meme play.”
At the time of writing, FLOKI is trading at around $0.000147, up over 7% in th last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
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