- FLOKI nearly surpassed its all-time high (ATH) today, topping at $0.0003 per token.
- The ATH to beat on “The People’s Crypto” remains at $0.0003437.
- Analysts are confident that it may not take long until the dog-themed token breaches its historical peak.
FLOKI Falls Short of Its ATH
FLOKI is one of the biggest winners in the ongoing meme coin rally as it nearly touched its ATH today. A few hours ago, it spiked to $0.0003 before a concerted profit-taking washed out the gains and flipped the price to $0.0002589. The last time the crypto asset touched such heights was in November 2021, which was the same month it achieved its historical peak.
As of this writing at 1:00 PM UTC, FLOKI has settled around the $0.00026 line with over 4% drop on the 24-hour bracket. Interestingly, its trading volume is 37% lower than the past day as $1.42 billion FLOKI moved between wallets and exchanges.
Zooming out the chart, however, better illustrates the dramatic growth FLOKI has undergone as of late. Prior to its dip from today’s tip, the token displayed over 800% gain in just a month, coming from a $0.00003045 low to a $0.0003046 high.
Despite its drop from today’s top, it still shows an impressive gain of 95% on the seven-day chart, 773% on the one-month frame, and 741% on the one-year range. There are currently 9.55 trillion FLOKI in circulation with a market cap of $2.55 billion.
A New ATH on the Horizon
FLOKI may be in the meme coin category, but it elevates itself from the pack with its utility. Besides its investment potential, its ecosystem includes involvements in 3D NFT Metaverse projects, DeFi utilities, education programs, NFT collectibles, a Web3 marketplace, and the upcoming Valhalla game. It’s also active in helping address the plight of underdeveloped nations through its charity works and other initiatives, hence, living up to its moniker as “The People’s Crypto.”
FLOKI’s popularity is its primary edge over other crypto assets and projects. It boasts a community of over 470,000 strong who call themselves “Floki Vikings.” They are known to occasionally organize themselves for social media raids with their creative memes to further reach out to the masses.
The people at FLOKI continue to build value for the token through these advantages on top of the growing positive sentiment of the financial sector towards cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Notably, these two are about to enter their evolution this year, which is expected to prod the bulls of other altcoins like FLOKI.
Tomorrow, Ethereum will start its Dencun upgrade, which will give way to lower gas fees, better security, enhanced scalability, and improved user experience. Meanwhile, Bitcoin is about to enter a whole new level of scarcity with its coming halving. The lower BTC rewards per block mined in its network past the event are expected to pump prices higher amid a sustained or higher demand for the digital asset.
There’s hope that these major events will align with FLOKI’s momentum so it could ultimately conquer another summit a few months from now or later this year.