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Cryptocurrency News Articles

Why FLOKI Is A Great Choice Over Dogecoin And Shiba Inu

May 23, 2025 at 03:00 pm

Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others have been creeping up

Why FLOKI Is A Great Choice Over Dogecoin And Shiba Inu

Benzinga - Benzinga provides news coverage, but does not offer investment advice.

The meme coin market is a funny and fast-moving place. While Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) remain the top leaders in this category, other meme coins have been steadily creeping up as fierce contenders over time.

Back in 2021, when the original meme coin bull run started, the likes of FLOKI (CRYPTO: FLOKI) had crept up from the shadows to also become investor favorites. Through the bear market and into the current bull market, FLOKI has shown incredible strength, and one crypto trader believes that there is still a lot of runway for the meme coin.

Why FLOKI Is A Great Choice Over Dogecoin Or Shiba Inu

Crypto trader and analyst Unipcs, also popularly known as ‘Bonk Guy,’ has highlighted why buying FLOKI could be a better play compared to Dogecoin or Shiba Inu. In addition to the fact that it was created back in 2021 and has survived a bear market alongside Dogecoin and Shiba Inu, FLOKI has other characteristics that have made it a great meme coin choice.

One of the major driving forces behind the support for FLOKI comes with the expectation of an Exchange-Traded Product (ETP) to be launched for the meme coin. This puts it miles ahead of other meme coins which are yet to see major institutional support.

Furthermore, the FLOKI meme coin has already proven its position as a solid choice over Dogecoin or Shiba Inu after rallying to a new all-time high back in 2024. This saw it outperform Dogecoin and Shiba Inu as these market leaders continued to trend below their all-time high peaks from 2021.

Just like Dogecoin and Shiba Inu, FLOKI has also scored listings on major crypto exchanges in addition to smaller listings. It is trading on Binance, Coinbase (NASDAQ:COIN), and Bybit, among others, with daily trading volumes at the time of writing exceeding $200 million.

Moving on to the chart, the crypto trader also revealed that the FLOKI chart does look strong. After holding and sustaining accumulation through the start of 2025, the meme coin is moving up once again and has already broken through $0.0001. Given this, Unipcs believes that an impulsive move for FLOKI is only a matter of time from here.

“The fact that FLOKI is still under the radar, despite cult-like loyalty from its holders and insane retail recognition, means any rally it gets will likely go much higher than anticipated—a classic hated rally setup,” the crypto analyst concluded.

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Other articles published on Jun 07, 2025