Crypto analyst Timeless Crypto has made an optimistic case for FLOKIexplaining why he prefers the meme coin to other top-notch meme coins like Dogecoin (DOGE)The analyst also predicted that FLOKI could end up being a hit by the end of the year.
Why This Analyst Is Bullish on Floki
Timeless Crypto mentioned in an X (formerly Twitter) job that FLOKI continued to hold a series of several months without breaking down despite the bloodbath what happened in the cryptocurrency market last week. The crypto analyst made this statement while revealing that among the top memes, the meme coin accounts for most of his spot investments and he will continue to hold it for the expected year-end rally.
The analyst also appeared to advise market participants to consider investing in FLOKI, He noted that this is a region where altcoins are entering “very attractive valuations.” Meanwhile, the analyst added that he does not view the altcoin as a short-term play. As such, he has deployed more capital to invest in the meme coin as it now presents a buying opportunity for FLOKI.
Timeless Crypto is looking to turn a profit on its investment by the fourth quarter of the year as it predicts the meme coin will likely have made more prize winnings by then. It is worth mentioning that the coin is already one of the best performing meme coins this year, with a year-to-date (YTD) gain of over 300%.
Timeless Crypto isn’t the only one who is ultra-bullish on the meme coin. Crypto analyst Crypto Bull also recently gave his analysis on the meme coin and urged patience, suggesting that FLOKI could make a massive move higher soon. The chart he shared showed that FLOKI was consolidating and could reach a new high all-time high (ATH) on its next upward step.
Reach a market capitalization of 10 billion dollars
Crypto Analyst Crypto Kaleo had previously predicted that FLOKI will reach a market cap of $10 billion. He claimed that this could happen during the next leg of the meme coin’s rise, as he said that the meme coin could enjoy a parabolic rally similar to the one that Grandpa (PEPE) made on its way to a new ATH early May.
Crypto Kaleo also mentioned that FLOKI could reach such heights, given that it is a meme coin super cycle. He also took into account that BNB was on the verge of a price discovery. He suggested that the meme currency could benefit from BNB reaching new highs, and noted that the former was a “high beta BNB meme play.”
At the time of writing, FLOKI is trading at around $0.000147, up over 7% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart by Tradingview.com
