{"id":75361,"date":"2023-10-27T12:19:10","date_gmt":"2023-10-27T12:19:10","guid":{"rendered":"https:\/\/kryptodata.se\/is-flokis-140-price-surge-in-a-week-a-sign-of-awakening-for-memecoins-like-doge-and-pepe\/"},"modified":"2023-10-27T12:19:10","modified_gmt":"2023-10-27T12:19:10","slug":"is-flokis-140-price-surge-in-a-week-a-sign-of-awakening-for-memecoins-like-doge-and-pepe","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/is-flokis-140-price-surge-in-a-week-a-sign-of-awakening-for-memecoins-like-doge-and-pepe\/","title":{"rendered":"Is FLOKI&#8217;s 140% price surge in a week a sign of awakening for memecoins like DOGE and PEPE?"},"content":{"rendered":"<p>FLOKI&#8217;s gains have coincided with the launch of its tokenization platform, TokenFi, and the hype surrounding Bitcoin ETFs. However, there are concerns about the sustainability of the rally.<\/p>\n<p>FLOKI&#8217;s price has surged over 140% to $0.00004261, its highest level in five months.<\/p>\n<p>The launch of TokenFi has provided an additional boost to FLOKI&#8217;s gains, with users being able to stake their FLOKI holdings to receive TOKEN.<\/p>\n<p>The daily relative strength (RSI) of FLOKI is at its most overbought level since January 2023, which could indicate a potential correction period.<\/p>\n<p>If FLOKI&#8217;s rally stalls, it could drop towards its Fibonacci retracement lines, potentially down 20% from current levels.<\/p>\n<p>Memecoins like DOGE and SHIB have generally underperformed compared to top-ranking cryptocurrencies like Bitcoin in 2023.<\/p>\n<p>Speculators are attracted to memecoins for maximum returns in minimum time, but they can also experience drastic falls when risk sentiment exhausts.<\/p>\n<p>The future rally of memecoins largely depends on the ETF update and its impact on the BTC price.<\/p>\n<p>Summary:<\/p>\n<p>&#8211; FLOKI&#8217;s gains coincide with the launch of TokenFi and the Bitcoin ETF hype.<\/p>\n<p>&#8211; The rally may not be sustainable, as FLOKI&#8217;s RSI is overbought and previous instances have led to price declines.<\/p>\n<p>&#8211; If the rally stalls, FLOKI could drop towards Fibonacci retracement lines.<\/p>\n<p>&#8211; Memecoins like DOGE and SHIB have generally underperformed compared to Bitcoin.<\/p>\n<p>&#8211; The future rally of memecoins depends on the ETF update and its impact on BTC price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-10\/fa837b2f-e928-4069-9601-3aa64272269f.jpg\"><\/p>\n<p>FLOKI&#8217;s gains coincide with the launch of its tokenization platform, TokenFi, but is the rally sustainable? <\/p>\n","protected":false},"author":1,"featured_media":75362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[21],"tags":[47],"class_list":["post-75361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is FLOKI&#039;s 140% price surge in a week a sign of awakening for memecoins like DOGE and PEPE? 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