Meme coins are exploding this week, and Floki is among the top gainers.
Traders are interested – but how far can it go in this bull market?
Floki Set For New ATH In 2024
There’s room for a 2x to reach its June all-time high (ATH).
Based on what we know, that could well be in by the end of 2024 or earlier.
Currently, Floki is trading at $0.0001696. That’s a 50.5% discount from its ATH.
Considering it’s high was just three months ago, that’s a big difference.
It’s because of the crypto market’s lackluster performance – but that’s all changing.
Bitcoin is now back above $66K and has broken its downtrend by creating a higher high on the price chart.
This indicates that bulls are taking control, which sets the stage for altcoins to rally.
Typically, in bullish periods, meme coins make the biggest gains. This week, Floki is up 28%, while Bitcoin is up 4.9%.
But it’s not just Bitcoin’s higher high indicating a bullish outlook.
Historical data shows that September is a bearish month for crypto. However, any previous time it has been green, Q4 has provided significant gains.
Analysts have noted this is the strongest-ever performance of Bitcoin in September.
But what about Floki specifically? It continues making ecosystem advancements that separate it from other meme coins.
Notably, Floki has utility in the form of a Play-to-Earn game and has sponsored several major sports and eSports teams to promote it.
It has also just launched a new BNB-based meme coin trading platform called GraFun.
The project’s price chart also looks promising.
Analyst Yashiro points to its previous ATH as a target for 2024.
The analyst highlights that it has recently broken a trend line resistance level, which indicates bullish momentum is on its side.
Meanwhile, Crypto Collector notes Floki has “held the level nicely,” referring to its $0.00010578 support.
Based on the analysts’ price chart, this will ignite its next parabolic run, which could provide up to 1,800% gains.
Indeed, this would be Floki’s long-term target, and it largely hangs on the broader market’s performance in 2025.
However, in the near term, it’s clear that Floki is well-positioned for strong gains as we close out the year.
As highlighted by Yashiro, its previous high of $0.0003462 is certainly attainable.
Floki’s focus on utility has drawn significant attention and catapulted it to become a top meme coin this cycle.
Another project taking a similar approach is Crypto All-Stars. It’s currently undergoing a presale, meaning investors can buy in from the ground floor.
New Utility Meme Coin Crypto All-Stars Raises $1.9M – Next 100X Presale?
Crypto All-Stars is a new unified staking protocol for meme coins. It’s an industry-first, allowing meme coin holders to stake their tokens and generate passive rewards.
It’ll support all the top meme coins, including Floki, Dogecoin, Shiba Inu, Pepe, and more.
And here’s the kicker: users must stake $STARS to access the platform. And the more they have, the more they can earn.
As meme coin prices start to rise, this will inherently boost liquidity in Crypto All-Stars, making the $STARS token more valuable.
Moreover, users can also stake their $STARS tokens to generate more rewards.
$STARS staking launched amid the presale and currently provides an 872% APY.
Like Floki, Crypto All-Stars is a meme coin that presents real utility. However, while Floki is worth multi-billions, Crypto All-Stars is in its presale and has raised $1.9 million so far.
Therofere, Just a small amount of bull run liquidity would cause its price to surge.
Analysts are well aware of this and anticipate big gains. Umar Khan even said it can be 100x.
“This is a cryptocurrency currently in presale that you can buy now that has up to 100x potential,” were his exact words.
The current Crypto All-Stars price is $0.0014652.
However, this will rise throughout the presale, with the next increase later today.
