Crypto Analysts Are Ultra-Bullish on Floki (FLOKI), Predicting a Huge Run by Year-End

Crypto analyst Timeless Crypto has made a bullish case for FLOKI, stating why he prefers the meme coin above different blue chip meme cash like Dogecoin (DOGE).

Crypto analyst Timeless Crypto has shared his bullish outlook for FLOKI, revealing why he favors the meme coin over other blue-chip meme tokens like Dogecoin (DOGE). Additionally, the analyst predicts that FLOKI might experience a significant rally by year-end.

Timeless Crypto highlighted on an X (formerlyTwitter) post that FLOKI has maintained a multi-month range without breaking down despite the market bloodbath last week. The crypto analyst mentioned this while also revealing that among the blue-chip memes, the meme coin constitutes the majority of his spot holdings and that he will continue to hold it for the expected year-end rally.

The analyst also appeared to be encouraging traders to consider joining him in investing in FLOKI, as he noted that this is a space where altcoins are reaching “very attractive valuations.” Meanwhile, the analyst mentioned that he is not viewing the altcoin as a short-term play. As such, he has allocated more capital to investing in the meme coin considering that now presents a buying opportunity for FLOKI.

The analyst is aiming to reap the benefits of his investment by Q4 of the year, as he predicts that the meme coin will likely have seen more 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 one who is ultra-bullish on the meme coin. Crypto analyst Crypto Bull also recently shared his analysis on the meme coin and called perseverance, suggesting that FLOKI might soon make a big move to the upside. The chart he shared showed that FLOKI was currently consolidating and could rally to a new all-time high (ATH) on its next leg up.

Could Reach A Market Cap Of $10 Billion

Earlier, crypto analyst Crypto Kaleo had predicted that FLOKI will reach a market cap of $10 billion. He suggested that this could happen on the meme coin’s next leg up, as he noted that the meme coin might enjoy a parabolic rally like the one that Pepe (PEPE) had on its way to a new ATH in early May.

Crypto Kaleo also mentioned that FLOKI could reach such heights considering that this is a meme coin super cycle and factoring in the fact that BNB was on the cusp of price discovery. He suggested that the meme coin could benefit from BNB hitting new highs, adding that the former is 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.

The featured image is generated by Dall.E, and the chart is from Tradingview.com