One Cryptocurrency Analyst Sees This Dog Coin as “THE Meme Coin for This Bull Run”

One particular meme coin is gaining considerable attention from a pseudonymous cryptocurrency analyst Immortal.

What happened: Inmortal said on X that the dog-themed cryptocurrency, Floki FLOKI/USDis poised for a significant increase.

According to Inmortal’s analysis, Floki stands out as the memecoin with the potential to outshine its peers in the ongoing bull market cycle. “FLOKI is THE memecoin for this bull run. You can try to change my mind, but you won’t succeed,” the analyst said.

The analyst suggests a scenario in which Floki could imitate the monstrous demonstration he witnessed Dogemoneta DOGE/USD in 2021. This expectation is based on FLOKI’s recent trading pattern, which, much like DOGE’s performance before its peak, saw an extended period of sideways trading, in this case through the year 2023.

See more: Dogecoin HODLERS Are Beating Shiba Inu With 57% Profits, IntoTheBlock Data Reveals

Because matter: This comes as the makers of Floki responded to concerns highlighted by the Hong Kong Securities and Futures Commission (SFC). The concerns related to some elements of Floki’s proposed token staking program, which were flagged as potentially dangerous investments.

Acting quickly, the Floki has implemented targeted changes, particularly for the Hong Kong market. Significant changes include separate warning messages placed on the Floki and TokenFi staking websites, which clearly state that Hong Kong residents are prohibited from participating in these staking opportunities.

The team highlighted the measures taken, saying: “Clear disclaimers have been implemented on staking sites Floki and TokenFi to notify Hong Kong citizens of their ineligibility to participate. Precautions have been taken to actively prevent residents from Hong Kong to participate in these flagship programs.”

Price action: According to CoinMarketCap, FLOKI traded at $0.00002797, up 1.37% over the past 24 hours.

Read next: Here’s how much you should invest in Shiba Inu today for a $1 million payday if SHIB hits 1 cent?

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