FLOKI Price Prediction: Solana Meme FLOKI Soars 47% as Coin Smog Prepares for Biggest Airdrop in History

adminMarch 4, 2024

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FLOKI price surged 47% during the last day of trading. $0.0001204 As of 2:30 a.m.

FLOKI’s pump comes after a recent proposal to burn 2% of the token’s supply was passed by the community. Burns are expected to occur within this week.

Official: FLOKI DAO passes vote to burn 190,918,585,431.84 FLOKI tokens
that much #Floki DAO voted in favor of burning 190,918,585,431.84. $FLOKI token. Based on the current market value, it is over $24 million.
As decided by Floki DAO, the token will… pic.twitter.com/uGu0XFU5p9
— FLOKI (@RealFlokiInu) March 2, 2024

FLOKI Price Prediction: Correction Expected Ahead of Big Pumps

FLOKI has had a tremendous upward trend over the past few days, as can be seen from the highs and lows of FLOKI price action. However, the price of FLOKI has been plummeting recently, suggesting strong selling pressure or a possible trend reversal.

FLOKI price is trading above the long-term 20 simple moving average (SMA), confirming the previous bullish trend. However, the price is heading towards crossing below the 20-day SMA, confirming a near-term bearish signal. Additionally, FLOKI price has recently broken out of its upper band, indicating that the asset is overbought.

The relative strength index (RSI) fell from overbought to around 64.3. A decline in the RSI value reflects the bearish sentiment building up in the market. On the other hand, the most recent candle before the decline has formed a consolidation pattern where the price is moving sideways, indicating market indecision.

2-hour FLOKI chart | Source: TradingView

FLOKI Price Prediction: FLOKI’s TVL Grows Fast; A long-term bullish signal?

Even though the recent market behavior of the meme coin suggests a possible decline in the price of FLOKI, the surge in FLOKI’s Total Value Locked (TVL) is likely to indicate long-term strength. On February 27, FLOKI’s TVL hit an ATH of $105 million, equivalent to 25% of the total $FLOKI supply.

#Floki We just achieved a staking TVL of $105 million.
25% of the total $FLOKI $105,313,899 worth of supply will be locked and staked for up to 4 years.
This makes Floki the only major “memecoin”. $DOGE, $SHIB, $BONK, $PEPEFLOKI)’s supply share is very high… pic.twitter.com/p7xhvcJG3x
— FLOKI (@RealFlokiInu) February 26, 2024

The short-term trajectory of FLOKI price indicates a possible correction, and SMOG, a new meme coin that is up about 50% in the last 24 hours, looks like a great alternative for investors ahead of what the team says is the biggest airdrop. In history.

a worthy alternative

When SMOG first appeared in early February, it immediately saw gains of over 3,000% and currently has 40,000 holders.

The Smog team has set aside a whopping 1.4 billion tokens (35% of the total supply) for an airdrop that will be “the largest in history.”

The easiest way to participate is to earn and hold SMOG tokens. Investors also Earn points by joining Zealy’s social groups on Smog and completing quests to receive additional airdrop tokens. About 800,000 quests have already been completed.

In the meantime, some lucky holders of BONK, WIF, MYRO and SAMO are receiving daily airdrops worth $1,500 worth of SMOG tokens.

join #smog To the community #jilly And try increasing your points $smog #airdrop. 🐲
Complete quests to earn extra points! 📊
Stay tuned for future announcements. 📢🔗https://t.co/3EQxvQwsw3#Cryptocurrency Community #altcoin #memecoin #Binance #Cryptocurrency
— Smog (@SMOGToken) February 21, 2024

Investors who stake their tokens in the project now earn an incredible Annual Percentage Yield (APY) of 42%. Once added to the staking pool, staked tokens can be withdrawn after 90 days. There are currently over 16.4 million tokens staked.

smog According to cryptocurrency analyst and YouTuber CryptoGains, this presents another opportunity for meme coin enthusiasts who may have missed out on the FLOKI price rally to reap huge profits.