As BTC crosses the $100k threshold, memecoin traders are also back in business

Memes like Dogecoin, Shiba Inu ,and Dogwifhat got lots of attention over the last two years. However, other memecoins, such as Floki, combine functionality and meme appeal

As Bitcoin (BTC) price crosses the $110k threshold for the first time, memecoin traders are also back in business.

Memes like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat got lots of attention over the last two years. However, other memecoins, such as Floki, combine functionality and meme appeal and might be more likely to rally.

And there’s another coin that may outstrip all of these meme coins due to its on-trend AI smarts.

Technical Analysis of FLOKI Price Points to Potential Breakout Above Key Resistance

The FLOKI price is up by 11% today, at time of writing, in line with bullish market sentiment. This is thanks to Bitcoin’s new all-time highs, due, in part, to the approval of the ‘Strategic Bitcoin Reserve’ in Texas.

Although FLOKI’s price has been on a descending channel on the weekly charts, technical analysts such as Investx’s Hugo Le follézou see the potential of a bullish breakout, particularly if FLOKI can change the resistance range of $0.00010 – $0.00011 to a support zone.

According to Coingecko, Floki is now hovering above $0.0001119. If the dog themed memecoin can close at or above this range on the daily, then FLOKI holders and traders could be in for a big win.

The 24hr Floki price chart, courtesy of Coingecko

Since Floki is more than a memecoin, rather its a whole ecosystem, comprising a shop, a play to earn Metaverse game, a DeFi hub, staking options, an education platform and more, this gives traders plenty to be bullish about.

Dogecoin (DOGE) May Struggle to Perform, Despite Recent Gains

Unlike Floki, Dogecoin has little utility. The coin soared in December last year, thanks to its association with Elon Musk and the U.S’s ‘Department of Governmental Efficiency’ agency – D.O.G.E. But as the president of the United States lost interest in Musk, the coin dropped too.

In line with the broader resurgence of memecoins over the last few days, Dogecoin is up by 6.2% today, and by 42.6% on the yearly. However, those who purchased it in December 2024 are still down by approximately 25%.

And while DOGE may surprise us, and go back to its all time highs of $0.73 from the last bullrun, its $35B market cap, vs Floki’s $1B market cap, suggests that the underdog may take the biggest prize.

Unilabs Presents an AI-powered Way to Find and Outperform Memecoins

One of the reasons traders love memecoins is their potential to quickly rise in price dramatically, making millionaires out of lucky traders. But the real secret to very large gains is getting in when they are new.

Dogecoin, for example, is up by 275,853% from its inception. And Floki is up by 130,957%. No matter what happens in this bull run, there is no way these coins can ever post those kinds of gains again, due to their large market caps.

And so that’s why a new coin called Unilabs may be the real DOGE-killer here. It’s not about dogs, but it is about AI, memes, and DeFi – hot topics in crypto right now.

Unilabs, like Floki, has real utility. It’s an AI-powered hedge fund and more. Using sophisticated proprietary AI algorithms, Unilabs has created a meme coin discovery tool that assesses various criteria to help people find the best and newest meme coins.

It looks at different metrics such as community engagement, developer team trustworthiness, and more, to filter out the rug pulls from the real deals.

And for those who want to go beyond memes, its AI also assesses DeFi projects, offers a mining pool for passive income, automated portfolio management, and various funds for people to invest in.

The potential is interesting as Unilabs has so much functionality, and $UNIL is a new coin in presale.

If Unilabs can achieve even a tenth of Floki’s current success, that’s an increase of almost 14,000%. In that case, a $2,000 investment would be worth around $280,000. As with all coins (especially early-stage ones), there are no guarantees, but the low market capitalization of Unilabs, at around $9 million, makes it a potentially attractive proposition.

Learn More About Unilabs:

Buy Presale

Website

Telegram