Why Crypto Analyst Timeless Crypto Is Bullish On Floki (FLOKI)

Crypto analyst Timeless Crypto has shown a preference for meme coin floki over other blue-chip meme coins like Dogecoin (DOGE), stating why he is bullish on floki and predicting that the meme coin could end up making a large run by year-end.

Timeless Crypto stated in an X (formerly Twitter) post that floki has managed to hold a multi-month range without breaking down, despite the bloodbath that occurred in the crypto market last week. The crypto analyst made this statement while also revealing that out of the blue-chip memes, the meme coin accounts for the majority of his spot investments and that he will continue to hold it for the anticipated year-end rally.

The analyst also appeared to be advising market participants to consider investing in floki, as he noted that this is an area where altcoins are entering “very attractive valuations.” In the meantime, the analyst stated that he isn’t viewing the altcoin as a short-term play. As a result, he has allocated more capital to be invested in the meme coin, considering that now presents a buying opportunity for floki.

Timeless Crypto is aiming to make profits from his investment by the fourth quarter of the year, as he predicts that the meme coin will likely have made further price gains by then. It is worth noting 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 analyst who is ultra-bullish on the meme coin. Crypto analyst Crypto Bull also recently gave his analysis on the meme coin and called for patience, suggesting that floki may 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 earlier predicted that floki will reach a market cap of $10 billion. He claimed that this could occur 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 stated 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 the last 24 hours, according to data from CoinMarketCap.