The market condition has once again turned bearish, causing moat cryptos to witness price drops, and Floki Inu (FLOKI) isn’t an exception. To be precise, the dog-based meme coin’s value plummeted by over 10% in the last 24 hours.
FLOKI Inu drops, but the top 3 altcoins can rebound!
While FLOKI price trades at $0.000123, a few of the other altcoins make a comeback before FLOKI. Ergo, let’s take a closer look at what’s going on with these top 3 altcoins.
1. Dogecoin (DOGE)
Like Floki Inu price, Dogecoin’s price also dropped in the last 24 hours. However, the bulls stepped in during the last hour, the meme coin’s value registered a modest increase. At the time of writing, DOGE was trading at $0.32 with a market capitalization of over $47.3 billion. Technical analysis of the meme coin revealed that Dogecoin was in a consolidation phase.
The better news is that the Chaikin Money Flow (CMF) registered an uptick. This meant that buying pressure on the coin was rising, which can help kick-start a new bull run in the coming days. If that happens, then investors might as well expect DOGE to earn them 2x profit over the coming months.
2. DexBoss (DEBO)
DexBoss (DEBO) has set an initial price of $0.01 per token for its presale. The token, which is scheduled to IPO for $0.0505, intends to improve the DeFi environment by incorporating centralized exchange functions into its decentralized platform. In order to create scarcity and potential value for its clients, the project employs a deflationary strategy using the buyback-and-burn method.
Due to its limited supply and expected rise in demand, DexBoss positions itself as a competitive cryptocurrency trading option for those seeking opportunities in decentralized finance. This methodology supports the project’s goal of sustaining investor interest over time. As a result, there is a good likelihood that DEBO will perform similarly to the price of Pepe currency in the days ahead.
3. Shiba Inu (SHIB)
While Floki Inu dropped, Shiba Inu, the world’s second-largest meme coin, turned bullish. The meme coin’s price did increase marginally in the last 24 hours, making it trade at $0.0000181 with a market capitalization of over $10.71 billion.
It is interesting to note that at a time when Floki Inu price and Shiba Inu price were dropping, SHIB’s weighted sentiment improved. A rise in the metric means that bullish sentiment around a crypto is rising.
Additionally, SHIB’s exchange outflow also spiked—a clear sign of rising buying pressure, which can help Shiba Inu’s price to pump in the coming days. Ergo, this dog-based meme coin can also earn investors 2x profit.
The post Floki Inu drops 10% today, But These 3 Top Coins Could 2X soon appeared first on CoinGape.
