Is There a Chance that FLOKI Coin Prices Will Skyrocket Again? Analyst Calls Double Bottom Signal

Bittime - FLOKI, one of the best cryptos to buy right now, shows huge growth potential with a small market cap and a double bottom formation. Find out if FLOKI prices will skyrocket in this bullish cycle.

FLOKI As One Of The Best Cryptos

FLOKI is probably considered one of the best cryptos to buy right now, as well as one of the best meme coins. The fact is that FLOKI's market capitalization is still relatively small, around $1.3 billion.

This shows that there is still a lot of room for growth during this bull cycle. Popular coins such as Dogecoin and Shiba Inu once reached a market capitalization of $40 billion.

FLOKI Coin Price Forms Double Bottom Signal

Additionally, it seems FLOKI has formed a profitable double bottom in early August, indicating a possible bullish reversal.

In fact, FLOKI lost control at the 50DMA on Thursday. This will be a crucial level for Ethereum-based meme coins if they are to return to July highs.

Read Also: PEPE Memecoin Price Prediction

Will FLOKI Coin Price Chance to Skyrocket Again?

FLOKI price looks set to soar. However, since this is an established coin, traders looking to earn 100x profits should look elsewhere.

Indeed, buying new memecoins before they become trendy is the best and only way to make a profit.

Conclusion

Due to its still small market capitalization and huge growth potential during bull cycles, FLOKI is considered one of the best cryptos to buy right now. 

The double bottom signal that appeared in early August indicated the possibility of a favorable bullish reversal. 

Traders looking to make big profits should probably look for opportunities in newer, less popular memecoins, even though there is a possibility that prices will spike. 

FLOKI is still an attractive option, but the chances of a significant upside may be less compared to less established coins.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.